trending Market Intelligence /marketintelligence/en/news-insights/trending/PaxO2LoeKEcvLnCPW725KQ2 content esgSubNav
In This List

Alpha Natural inks $19M coal supply agreement with 2 Ky. utilities

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

451 Research Podcast

Next in Tech | Episode 41: IoT's Role in Energy and Utilities


Alpha Natural inks $19M coal supply agreement with 2 Ky. utilities

Alpha CoalSales Co. LLC, a unit of AlphaNatural Resources Inc., signed a $19 million supply agreement withtwo Kentucky utilities in February.

Louisville Gasand Electric Co. and KentuckyUtilities Co. agreed to buy 500,000 tons of coal for delivery in2017 at the annual base price of $38 per ton, with some possible adjustmentsbased on quality of the product. Assuming the base price and quantity set forthin the agreement, Alpha will stand to make $19 million from the coal sale.

The coal supplied in the agreement will come from theCumberland mine in Pennsylvania, which Alpha is currently for sale as part of its effortto split assets into core and non-core during a Chapter 11 bankruptcyrestructuring.