GLG News by Gypsum Wallboard Experts
Analysis of:
Consol Energy Forms Joint Venture for Wyoming Coal (www.observer-reporter.com)
Consol Energy and Pittsburgh & Midway, a Chevron Company, announced a joint venture to develop a new mine in the Powder River Basin (PRB) of Wyoming called the Youngs Creek Mine. The coal property is north of Sheridan, Wyoming.
The potential development...
April 11, 2007
Judge’s Valley Fill Decision and Potential Affects on Central Appalachian Coal Companies Such as Massey Energy Company
Analysis of:
Judge: Corps Coal Permits Illegal (www.federalnewsradio.com)
Judge’s Valley Fill Decision and Potential Affects on Central Appalachian Coal Companies Such as Massey Energy Company
Background:
United States District Court for the Southern District of West Virginia Judge Chambers issued a ruling that valley fill permits granted by the U.S. Army Corps of Engineers must be rescinded and remanded back to the Corps for further reconsideration....
Analysis of:
OSB - Southern Capacity Glut (www.marketwire.com)
OSB producers are investing in an off cycle time frame which will put increased pressure on pricing.US Housing market trends are not supporting OSB producers investments and the outlook looks like it will continue for another 15 - 18 months before any shift will occur.OSB value added products are niche...
Analysis of:
Supreme Court Rules EPA Can Regulate Greenhouse Gases (news.com.com)
As the article points out, the U.S. Supreme Court ruled in a 5-4 decision that the Environmental Protection Agency (EPA) may regulate carbon dioxide (CO2) emissions. The analysis section below discusses how the EPA or a law enacted by Congress and signed by the President could...
March 26, 2007
Union Pacific Railroad Reducing Fuel Surcharge on Coal Transportation Tariffs Effective April 26, 2007
Analysis of:
Sector Snap: Railroads Mixed (www.chron.com)
Union Pacific Railroad Reducing Fuel Surcharge on Coal Transportation Tariffs Effective April 26, 2007
The Surface Transportation Board (STB) decided on January 25, 2007 that fuel surcharges in rail transportation agreements must more accurately reflect the actual cost of the movement and not be a “double dip” by including fuel-related costs also in indices utilized to adjust...
Analysis of:
Domenici Lauds MIT Coal Report (www.earthtimes.org)
The article references the March 2007 release of the report, “The Future of Coal in a Carbon Constrained World”, by a team of professors at Massachusetts Institute of Technology. The report, among other things, computes the utilization of coal in a carbon constrained world. The...
Analysis of:
Duke Puts $2B Price Tag on Cliffside Power Plant (www.bizjournals.com)
The article reports on the cost of Duke Power’s proposed Cliffside Coal Plant in North Carolina. The increasing costs, and the reasons, for coal power plants are discussed in the analysis section.
Analysis of:
Sector Snaps: Railroads Pick Up Steam (news.moneycentral.msn.com)
The article discusses the move in the railroad equities, Prudential’s initiation of coverage of the sector, and the lucrative nature of transporting coal
Another point for consideration is the CSX announced on March 1 that the tariff rate for coal...
February 26, 2007
Consequences if TXU Buyout Concedes to Cancel Coal Plants to Flour, FreightCar America, Peabody, Arch, Foundation, Rio Tinto, UP, and BNSF
Analysis of:
TXU Deal Scraps Plans for 8 Plants (www.dfw.com)
Consequences if TXU Buyout Concedes to Cancel Coal Plants to Flour, FreightCar America, Peabody, Arch, Foundation, Rio Tinto, UP, and BNSF
News announcements are that Kohlberg Kravis Roberts (KKR) and Texas Pacific Group (TPG) will concede to scale back TXU’s ambitious new coal plant building from the planned 11 coal units to 3 coal units in order to placate environmental and legislative groups. (One coal plant...
Analysis of:
TVA Delays Pollution Control at Plant (www.chron.com)
There have been many anecdotal stories of delays in scrubber retrofits. TVA at its Colbert Unit in Tuscumbia, Alabama is a recent addition to this list. The analysis section attempts to quantify the reasons for these delays, provide numbers, and the potential consequences of...
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