trending Market Intelligence /marketintelligence/en/news-insights/trending/gK6sPNtl7np7V6QDqfxpuA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Murray Energy PAC backs up CEO support for Trump with $100,000 contribution

Essential Energy Insights - September, 2020

Bull market leaves US utilities behind in August

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Utilities, midstream reckon with energy transformation on the horizon

Murray Energy PAC backs up CEO support for Trump with $100,000 contribution

Withelection season in full swing, June reporting on political contributions showedMurray Energy Corp.'spolitical action committee making good on pledged support for Donald Trump,while Alpha Natural ResourcesInc. closed up shop on its own PAC.

Accordingto the U.S. Federal Election Commission, or FEC, the Murray Energy PAC donated$100,000 to Trump Victory, a PAC working on behalf of the Republican Party'snominee for president.

Paidout June 28, the contribution marked one of five Murray election seasoncontributions for the month, with a total of $9,500 split between theRepublican Governors Association, Friends of [Bill] Cole, the Illinois CoalAssociation and Andy Thompson for State Representative.

TheMurray PAC contribution came after the company's founder and CEO, Robert Murray,voiced his supportfor Trump as the only viable candidate for president this November.

Onthe day the contribution was reportedly paid out, Murray told aninvitation-only gathering in Wheeling, W.Va., that Trump "will be the bestpresident of our lifetimes," suggesting that he would repeal "illegalregulatory excesses," end Obamacare and Common Core and terminate theinternational climate change agreements recently reached in Paris.

TheMurray PAC previously donated to PACs backing Texas Republicans Rick Perry andSen. Ted Cruz. According to a company spokesman, no other funds werecontributed to Trump's campaign from the Murray Energy, the corporate PAC orMr. Murray.

AsMurray sharply increased its campaign backing, Alpha moved to close up shop atits own political action committee. After focusing its contributions onstate-level contests earlier in the year, Alpha's PAC continued to give heavilyto local races in West Virginia, Virginia and Pennsylvania, doling out $72,250in the month of June alone. However, the company PAC ended the month with atermination notice filed with the FEC, ending the PAC's activity for the year.

As apart of its reorganization plan, Alpha announced the sale of some ofits core assets to Contura Energy Inc. — a new company created by some ofAlpha's first-lien lenders. It is unclear whether the closure of the Alpha PACwill be followed by a separate Contura PAC.

Junealso saw almost $23,000 in contributions from 's corporate PAC, withdonations from $250 to $2,700 paid out through the month.

Trumphas emerged as thecoal industry favorite this election season.

Inaddition to Alpha's decision to shutter its corporate PAC, 's PAC has ceasedall activity this year as it navigates its own bankruptcy process. Thecompany's last reported activity was a March refund of $93,744.

Whilecorporate PACs are associated with companies, PAC contributions are decided bya steering committee, not the company itself.