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GLG News by Gypsum Wallboard Experts

Thomas Shewski, Owner
High Energy Services
December 18, 2006
Update on Actual and Forecasted Railroad Performance on the Joint Line in the Powder River Basin and Why the Need for These Additional Coal Quantities
Analysis of: Record Trainloads of Coal Moving to Nation’s Utilities (biz.yahoo.com)
    The Powder River Basin Joint Rail Line is owned equally by the Union Pacific and BNSF Railway. The Powder River Basin Joint Rail Line experienced a meltdown because of dual derailments in May 2005 that resulted in deliveries only meeting approximately 85% of scheduled demand...
Thomas Shewski, Owner
High Energy Services
December 18, 2006
Another Reason to Consider Why it is Unlikely Coal Shippers Will Get Favorable Rulings in a Rate Case at the Surface Transportation Board (STB)
Analysis of: Jeff Moreland Named Executive Vice President, Public Affairs; Roger Nober Joins BNSF as Executive Vice President, Law & Secretary (www.marketwire.com)
    In early December, the BNSF Railway announced that Roger Nober will join the BNSF effective January 1, 2007 as Executive Vice President, Law & Secretary reporting to the company’s Chairman, President, and Chief Executive Officer Matt Rose.     Roger...
Thomas Shewski, Owner
High Energy Services
December 18, 2006
BNSF Files Comments with Surface Transportation Board on DM&E’s Proposed Powder River Basin Coal Line in Order to Stymie Project
Analysis of: BNSF Provides Comments to STB on DM&E/IMRL’s Supplemental Environmental Appendix (www.marketwire.com)
    In early-December 2006, the BNSF filed with the Surface Transportation Board (STB) that if the Dakota, Minnesota & Eastern Railroad (DM&E) was successful in adding the proposed additional 260 rail miles to create a third rail line into the Powder River Basin coal fields,...
Thomas Shewski, Owner
High Energy Services
November 16, 2006
Powerspan: Technology to Control SO2, NOx, Mercury, Particulate, and CO2 Emissions. (Alstom and Babcock & Wilcox Also Working on CO2 Capture)
Analysis of: AMP-Ohio Declares Intent to Pursue Powerspan Air Emissions Control Technology for American Municipal Power Generating Station Project (biz.yahoo.com)
Powerspan was awarded a deal to provide emissions control technology to American Municipal Power (AMP) at its proposed 1,000 MW coal-fired plant. Utilizing this technology will make the facility’s emissions one of the cleanest in the nation. The emissions to be reduced include SO2, NOx, mercury, and...
Thomas Shewski, Owner
High Energy Services
November 13, 2006
Results and Implications of the Surface Transportation Board’s Revenue Adequacy Decision
Analysis of: Board Judges Norfolk Southern “Revenue Adequate” (content.hamptonroads.com)
    Only the Norfolk Southern (NS) was recently determined by the Surface Transportation Board (STB) to be revenue adequate in 2005. The other six Class I Railroads were determined to not be revenue adequate in 2005. The NS was also determined to be revenue adequate in 2004.
Thomas Shewski, Owner
High Energy Services
November 10, 2006
DM&E’s Proposed Expansion into the Powder River Basin—Potential Affects on DM&E, Union Pacific (UP), and BNSF
Analysis of: USDA: DM&E Upgrade Could Save $240 Million (biz.yahoo.com)
    The Dakota Minnesota & Eastern (DM&E) have applied to the Federal Railroad Administration (FRA) for approximately $2.3 billion in Government-backed loan guarantees through the Railroad Rehabilitation & Improvement Financing (RRIF) out of the total $6.0 billion project....
Thomas Shewski, Owner
High Energy Services
November 7, 2006
Another Beneficiated Coal Product Like From Cowboy Coal (FMI), Evergreen (formally KFx) and CoalTek and Discussion of Section 45 Tax Credits
Analysis of: ADA-ES and NexGen Form Joint Venture to Produce Refined Coal (home.businesswire.com)
    ADA-ES and NexGen announced this joint venture to produce refined coal to the market. This is another player in the beneficiated coal space such as Fuels Management, Incorporated’s Cowboy Coal, Evergreen’s (formally KFx) K-Fuel, and CoalTek.     The news...
Thomas Shewski, Owner
High Energy Services
November 7, 2006
TXU’s Issues With Its New Coal Plants—Delays, CO2 Emissions, and BNSF and UP Rail Transportation
Analysis of: TXU Behind Schedule in Texas Coal Plant Projects (today.reuters.com)
    TXU announced issues and initiatives related to its ambitious Texas coal plant projects. The commentary section below discusses some of these items announced and includes one item not announced by TXU.

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