GLG News by Elevators and Escalators Experts

    The long-awaited Surface Transportation Board (STB) rate case decisions for coal transportation to captive BNSF Railway customers demonstrates it is nearly hopeless under the current process to successfully challenge a coal transportation rate.

    The Surface Transportation Board (STB) decided two Western coal transportation rate cases for the transportation of Powder River Basin coal in favor of the BNSF on September 10, 2007. Besides the STB’s decision being positive for the coal-hauling Class I Railroads, it is also...

    Section 29 of the U.S. Tax Code provides a tax credit to create synthetic fuel from coal material. The Section 29 tax credits date back to the early-1970s in the energy crisis and were designed to encourage more domestic, rather than foreign, energy sources. In many cases, without...

    A few decisions in September 2007 have been good news for building new coal-fired power plant generation. This shows it is not impossible to build a new coal-fired plant because of coal’s carbon dioxide emissions and the belief by some that these emissions contribute to global...

    Consol Energy Inc.’s continued placement of Northern Appalachian Coal as discussed in this and other announcements demonstrate the scrubber and high heat and sulfur content thesis the company has been discussing for over two years.     The...

    As the article points out, metallurgical coking coal prices are on the rise. The commentary section discusses the producers in this space and the potential affect on thermal coal.

    The Canadian Pacific and its acquisition of the Dakota Minnesota & Eastern (DM&E) along with potential build-out to the Powder River Basin Joint Line are discussed below.

    The proposals in Congress for a reduction in carbon dioxide (CO2) emissions include what is called a “Cap and Trade” program. Under a Cap and Trade program, the amount of annual CO2 emissions would be capped and an entity would have to have a CO2 allowance for each ton (or metric...

    Joy Global in its earnings announcement claims the following: “Although the long-term outlook remains positive, U.S. coal continues to exhibit short-term softness. This is primarily the result of weakening demand for electricity, and compounded by the generator's increased burn...

    The Surface Transportation Board (STB) recently issued proposed rulemaking to move from a Discounted Cash Flow (DCF) methodology to a Capital Asset Pricing Model (CAPM) for determining revenue adequacy. Revenue adequacy is the determinant in rate cases brought by shippers--especially...