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Old 08-03-2019, 09:53 PM
 
20,753 posts, read 8,946,576 times
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Originally Posted by PedroMartinez View Post
The DNC has been doing its best to end coal, mainly through regulations that are closing down coal power plants.

New coal power plants are not picked up at the local Home Depot, and companies are very reluctant to invest in them since it wouldn't only take one election to put those plants out of business.

Coal is down because of the DNC.

Now, you can argue whether it's good or bad that coal is dying, but the fact is it's dying due to the Democrats and not Trump.
Coal is obsolete now. Clean energy is replacing it. Why blame democrats. Itís called progress
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Old Today, 06:08 PM
 
65 posts, read 10,520 times
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HENDERSON, KY - A western Kentucky underground coal mine is closing this summer, meaning at least 156 miners will lose their jobs. The Gleaner in Henderson reported that Patriot Coal Co. is permanently closing its Freedom mine in eastern Henderson County.

A federal utility board voted Thursday to close a coal-fired power plant in Kentucky, despite objections from President Donald Trump and U.S. Senate Majority Leader Mitch McConnell, in a move the board says will save its more than 10 million customers $320 million.

The Tennessee Valley Authority voted to retire the remaining coal-fired unit at the Paradise Fossil Plant along the Green River in Muhlenberg County, Kentucky. The decision could put 131 people out of work and could affect an additional 135 people who work in nearby coal mines that supply the plant.

The board also voted to close the Bull Run Fossil Plant near Oak Ridge, Tennessee, by December 2023. “It is not about coal. This decision is about economics,” TVA CEO Bill Johnson said. “It’s about keeping rates as low as feasible.”




Revelation Energy, LLC., and a subsidiary Blackjewel LLC., employ about 1,100 people in their Kentucky, Virginia and West Virginia mines. They also employ 600 people in mines in Wyoming.

The Herald-Leader reports the bankruptcy comes as the companies owe $6 million to the Kentucky State Treasurer and $60 million to the U.S. Department of the Interior.

The companies also owe millions to several private companies in Kentucky, including including $4 million to Aquatic Resources Management in Lexington, $3.7 million to Jones Oil Company, Inc., in Pikeville, and $2.2 million to Republic Superior Products, LLC., in Lackey.

The bankruptcy filing come just two weeks after Cambrian Coal, LLC. filed for bankruptcy.

Several of the top coal producers in the nation including Arch Coal, Peabody Energy and Cloud Peak Energy have filed for bankruptcy in recent years amid diminished demand for coal-fired electricity.
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