Millennium Terminal

IEEFA Research

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity (pdf) By Tom Sanzillo, Director of Finance, IEEFA  

November 19, 2014 Read More →

More News and Commentary

Lighthouse Resources bankruptcy likely the end for proposed Washington coal export terminal

Casper Star Tribune: Wyoming’s long-held dream of exporting Powder River Basin coal from a West Coast terminal was recently dashed when the project’s owner filed for bankruptcy and failed to find an interested buyer. Lighthouse Resources Inc. petitioned for Chapter 11 bankruptcy on Dec. 3. The company owns the Decker coal mine in Montana, just […]

January 12, 2021 Read More →

U.S. coal companies White Stallion and Lighthouse Resources file for bankruptcy

S&P Global Market Intelligence ($): Two more U.S. coal mining companies have filed for bankruptcy as producers across the country struggle to sell coal into the troubled thermal coal market. White Stallion Energy LLC and Lighthouse Resources Inc. filed voluntary petitions for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware […]

December 4, 2020 Read More →

Washington state appeals court deals another blow to proposed coal export terminal

Seattle Post-Intelligencer: Would-be builders of a massive coal export terminal, to be located along the Columbia River at Longview, suffered a severe setback Tuesday in court. The Washington State Court of Appeals ruled that the Department of Natural Resources had a valid reason when it refused to lease state-owned aquatic lands to Millennium Bulk Terminals. […]

August 22, 2019 Read More →

Op-Ed: A Road to Nowhere

Seattle Times: The reality is that the economic prospects for West Coast coal exports have collapsed. China’s demand for coal, which once seemed limitless, has been falling for three consecutive years. India’s coal imports fell last year and are projected to drop even further as the country increasingly taps domestic coal reserves to fuel its […]

April 26, 2017 Read More →

IEEFA Guest Commentary: Cloud Peak Pulls Back From Once-Ambitious Coal-Export Plans

In Reworking of Pacific Rim Contracts, an Acknowledgement of Market Realities

In another sign of the collapsing prospects for West Coast coal exports, Cloud Peak Energy—one of the largest coal producers in the American West and the best positioned coal exporter in the vast Powder River Basin—recently announced that it had extricated itself from long-term contracts to move coal into Pacific Rim markets. It was a costly retrenchment: the […]

Washington State Rejects Lease Application for U.S. Coal-Export Terminal

Gene Johnson for the Associated Press: Washington’s outgoing public lands commissioner said Tuesday he is refusing to allow the state’s aquatic lands to be used for a major coal-export terminal along the Columbia River. But the company behind the proposal insisted the decision would have no effect on its plans. Millennium Bulk Terminals proposed building […]

January 4, 2017 Read More →

Grassroots Pushback in Washington State on Coal Export-Expansion Efforts

Kirk Johnson and Coral Davenport for the New York Times: The American coal industry, with its billions of dollars and army of lobbyists, has a storied history of muscle and might. But in this northwest corner of Washington, people like Christopher Grannis, a 69-year-old building contractor and stalwart in local civic causes, are standing up […]

November 2, 2016 Read More →

Divestiture Movement, Deepening Distress of Coal Industry, Emerging Battles Over Solar, Overbuilding of Shale Gas Pipelines Highlight IEEFA Energy Finance 2016 Conference in New York City

Panelists From Deutsche Bank, Moody’s, S&P Capital IQ, New York Mayor’s Office, CalSTRS, Massachusetts Attorney General’s Office, Bloomberg New Energy Finance, Norwegian Parliament

COLUMBIA UNIVERSITY, MARCH 14-16; EXPERTS FROM EUROPE, ASIA, AUSTRALIA,  AND THE AMERICAS NEW YORK, Feb. 29, 2016 — The Institute for Energy Economics and Financial Analysis (IEEFA) today announced a 2016 conference lineup that includes leading energy finance experts, industry regulators, institutional investors, activists, market analysts and commentators from around the world. The conference, Energy […]

February 29, 2016 Read More →
Global Trends Continue to Undermine U.S. Coal-Export Schemes

Global Trends Continue to Undermine U.S. Coal-Export Schemes

Markets Will Not Support Expansions and Developments Proposed in Alaska, California and Washington State

The outlook for coal markets off the West Coast of the U.S. continues to weaken. This fast-developing erosion is rooted in a structural, long-term move that makes elaborate coal-export schemes more and more ill advised as coal’s decline deepens. Projects pitched, for example, at Longview, Wash., at the Port of Oakland, and for the Chuitna […]

September 28, 2015 Read More →

Arch Coal’s Troubles Spell Doubt for Washington State Coal-Export Scheme

Melissa Luck for the Longview (Wash.) Daily News: Arch Coal, a minority owner of the firm that wants to build a giant coal export terminal in Longview, appeared to be on the brink of bankruptcy this week as coal prices continued to tumble downward. Opponents of the terminal said the financial trouble could jeopardize the […]

September 25, 2015 Read More →