More News and Commentary

Power Company With Financial Ties to Failing Westmoreland Coal Co. Dismisses Risks to Ratepayers

Santa Fe New Mexican: Financially ailing Westmoreland Coal Co. — which operates the mine that supplies coal to the San Juan Generating Station in northwestern New Mexico — this week told the U.S. Securities and Exchange Commission it needs more time to complete its annual report because it’s having problems paying debts. But a spokesman […]

March 22, 2018 Read More →

Westmoreland Coal Issues a Warning on Its Potential Collapse

S&P Global Market Intelligence: Westmoreland Coal Co. disclosed that due to an uncertainty the company will meet debt obligations, its 2017 financial statements will likely contain a warning about the ability of the company to continue as a going concern. The inclusion of a going concern explanatory paragraph and anticipated failure of certain financial covenants […]

March 20, 2018 Read More →

Westmoreland Coal, Teetering Near Bankruptcy, Wants Montana to Let It Build a Bigger Mine

Bloomberg Environment: The nation’s eighth largest coal company is spiraling deeper into financial crisis, but that’s not stopping Westmoreland Coal Co. from chasing a new mine permit in Montana. Environmentalists now dread three outcomes in succession: first, that regulators approve the permit—which would let Westmoreland widen its existing Rosebud Mine near Colstrip, Mont., by another […]

March 2, 2018 Read More →