ARCHIVE

Peabody issued SEC subpoena

PEABODY Energy is being investigated by the US Securities and Exchange Commission regarding its r...

Staff Reporter

This article is 11 years old. Images might not display.

In its latest annual report the company disclosed that the SEC served it with a subpoena last month requesting information and documents related to the project.

Peabody did not provide much detail in the annual report, saying only that it was cooperating and “believes that such other pending or threatened proceedings are likely to be resolved without a material adverse effect on its financial condition, results of operations or cash flows”

According to the Associated Press, Peabody spokesman Vic Svec said in an emailed statement on Tuesday that “we look forward to sharing information on what is a highly successful project”

The Prairie State energy campus in Illinois is the largest coal-fueled power plant built in the US in the last three decades.

It includes a 1600-megawatt electricity generating plant and an adjacent coal mine.

Its two electricity generators went online last year.

Peabody announced plans in 2007 to build Prairie State, and then later sold about 95% of its stake in the plant to eight power entities that represent 217 municipalities and 17 electric membership cooperatives in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Virginia and West Virginia.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets