Murray Energy

More News and Commentary

Moody’s: Much-Anticipated Federal Energy Report ‘Will Not Save Coal’

SNL: A fossil fuel-friendly federal government report “will not save coal,” according to a new note out from Moody’s. While the U.S. Department of Energy’s recent study of the U.S. electricity grid was generally written in a tone favorable to coal, Moody’s said, the report does not change expectations the sector will decline in the long term. Moody’s […]

September 5, 2017 Read More →

IEEFA Update: Who Bob Murray Is, and What He Wants

A Life-Long Coal Man Rages Against the Night

Tom Sanzillo has a gimlet-eyed commentary up today piercing the coded talk Peabody Energy Glenn Kellow has been putting out lately around his save-the-company strategy. It banks on market intervention, that is, government action to reach in and keep his industry viable as natural gas and renewables take customers away. Peabody, the largest non-state-owned coal […]

August 25, 2017 Read More →

$1.1 Billion in Bonds of Marquee U.S. Coal Company Plunge in Value

Bloomberg News: Bonds of Murray Energy Corp., the biggest privately owned U.S. coal producer, fell the most in 15 months after the White House denied the company’s request to aid one of its power-plant customers, an action it said would help both companies avoid bankruptcy. The miner’s $1.1 billion of 11.25 percent bonds due in […]

August 24, 2017 Read More →

Plea for 2-Year Moratorium on U.S. Coal Plant Closings Lands With a Thud

Associated Press: The Trump administration has rejected a coal industry push to win a rarely used emergency order protecting coal-fired power plants, a decision contrary to what one coal executive said the president personally promised him. The Energy Department says it considered issuing the order sought by companies seeking relief for plants it says are […]

August 22, 2017 Read More →

Analyst: U.S. May Never Have an Investment Grade Coal Company Again

Taylor Kuykendall in SNL: Despite near-term improvements in the U.S. coal sector, getting investors excited about the industry may still prove a tough sell. “I don’t necessarily think we are ever going to get back to a situation where we’re going to have an investment-grade coal company again,” Chiza Vitta, an analyst with S&P Global Ratings, said […]

July 11, 2017 Read More →
IEEFA Swamp Watch: A New Coal Mine, the Russians, an Amsterdam Connection, and Trump …

IEEFA Swamp Watch: A New Coal Mine, the Russians, an Amsterdam Connection, and Trump …

Paringa Resources, Run by a Friend to the President, Aims to Add to an Oversupplied Market

Word is that a new U.S. thermal coal mine—the first since the election of Donald Trump—will break ground in Kentucky in July. Paringa Resources Limited, based in Evansville, Ind., says it has raised enough money to start construction on the proposed Buck Creek Complex Poplar Grove Mine. The company has announced also that it has […]

June 30, 2017 Read More →

On the Blogs: Judge Rules Coal Industry Lawsuit Is a Diversion The Fourth Circuit Court of Appeals on Thursday overturned a lower court’s ruling and determined that the Environmental Protection Agency (EPA) is appropriately analyzing the economic impact of regulations under the Clean Air Act. The case was originally brought by Murray Energy Corporation and a group of subsidiaries and other coal companies, who alleged […]

June 30, 2017 Read More →

Murray Coal Wants an Ohio Bailout

Dayton Business Journal ($): Dayton Power & Light Co. doesn’t want the coal supplier to two of its plants to intervene in a settlement that could see the plants closed. The company, owned by AES Corp., filed a memorandum with the Public Utilities Commission of Ohio opposing the motion by Murray Energy Corp. to intervene […]

February 24, 2017 Read More →
IEEFA Update: Elections Have Consequences, but Perhaps Few That Can Save Coal

IEEFA Update: Elections Have Consequences, but Perhaps Few That Can Save Coal

Market Forces Are What Matter Above All

We didn’t make it this year to the Coaltrans USA conference last week in Miami, but we heard tell of some smart talk at the event by two of the industry’s CEOs, Bob Murray of Murray Energy and Kevin Crutchfield of Contura Energy, né Alpha Natural Resources.    The conference, where executives and analysts gather […]

February 9, 2017 Read More →

Murray Energy’s $250,000 Gift Got a Closed-Door Meeting in Coal Industry Campaign to Sway State Attorneys General

Jennifer A Dlouhy for Bloomberg News: Murray Energy Corp. made a $250,000 donation to the Republican Attorneys General Association last year and, in return, the coal mining company’s chief executive got a closed-door meeting with state prosecutors to discuss the Obama administration’s regulation of power plants. Eleven days later, the attorneys general went to federal […]

September 8, 2016 Read More →