GLG News by Northern Appalachian Coal Experts
August 20, 2007
Railroads Overcoming STB Fuel Surcharge Decision With Higher Base Rates on New and Renegotiated Coal Transportation Agreements
Analysis of:
STB Issues Final Ruling About Fuel Surcharge (www.greatfallstribune.com)
Railroads Overcoming STB Fuel Surcharge Decision With Higher Base Rates on New and Renegotiated Coal Transportation Agreements
The Surface Transportation Board (STB) in January 2007 ruled 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 rates. The STB’s decision...
Analysis of:
U.S. Coal a Better Value to Offshore Buyers Due to Dollar Fall (www.mineweb.net)
U.S. coal sales and pricing have been hit the last several months as a result of much higher-than-normal coal inventories at coal-fired power plants. One bright spot has been the increase in U.S coal exports.
Analysis of:
Texas Leads List of Dirtiest Power Plants (www.sciam.com)
The article discusses the emissions from the top coal plants. Sulfur dioxide is one of the emissions discussed in the article. The article does not focus on how sulfur dioxide emissions from coal plants is approximately half of what they were in 1990 after the Clean...
August 20, 2007
Hit to Railroads and Advantage to Shippers if The Railroad Competition and Service Improvement Act of 2007 Were to Become Law
Analysis of:
The Railroad Competition and Service Improvement Act of 2007 (www.washingtonwatch.com)
Hit to Railroads and Advantage to Shippers if The Railroad Competition and Service Improvement Act of 2007 Were to Become Law
Senate Bill 953 and House of Representatives Bill 2125 are crafted to help address the monopolistic powers of the nation’s Class I Railroads. The Analysis section discusses the major points of the proposed legislation.
Analysis of:
Junk Science: Global Warming’s Trillion Dollar Giveaway (www.foxnews.com)
Senators Bingaman (D –NM) and Specter (R – PA) introduced the “Low Carbon Economy Act of 2007” on July 11, 2007. It is designed to reduce CO2 emissions. The mechanics of the proposal legislation and the benefit to the coal industry are discussed in the commentary section.
Analysis of:
International Coal Group Reports Second Quarter 2007 Results (www.finanznachrichten.de)
Coal companies’ second quarter earnings will almost all state the high inventory levels at coal plants across the United State as one of the reasons for the lackluster coal demand and price. The commentary section discusses the current coal inventory, the reasons for this coal inventory, and the...
Analysis of:
As I See It: Poor Oversight of Monopolies Costs Consumers (www.kansascity.com)
The Surface Transportation Board (STB) has been holding regional meetings to hear from coal shippers, other shippers, and the railroads regarding rates and service on America’s Class I Railroads such as BNSF, Union Pacific, CSX, and Norfolk Southern. These hearings are designed to allow shippers...
Analysis of:
In Kansas City, Regulator Hears Utilities Vent About Railroad Service (www.kansascity.com)
The Surface Transportation Board (STB) recently held hearings with railroads and coal shippers regarding the current level of service and rates from the Powder River Basin (PRB) coal mines in Wyoming and Montana. The STB hearing was a forum for coal shippers to vent their frustrations and the railroads...
Analysis of:
Inside Messy Reality of Cutting CO2 Output (online.wsj.com)
WSJ readers, have no fear. AEP, NRGEnergy and the rest are quite serious about CCS. Carbon capture and storage will be proven safe and cost effective. It will implemented on a vast scale and transform how and where we build power plants (…Texas 1, New England 0). Hot tip : buy pore space and...
Analysis of:
STB to hold July hearing on rail transportation of energy resources (www.logisticsmgmt.com)
The Surface Transportation Board (STB) is asking for comments on its new definition of a “contract”. This could trigger a benefit to the railroads, such as Union Pacific, BNSF, Norfolk Southern, and CSX).
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