Aug07,2011
Peabody Energy and Ameren Corporation have entered into an agreement to provide 91 million tons of low sulfur coal to serve multiple electricity generating plants in Missouri through 2017.
Peabody will source multiple products from its Powder River Basin operations in Wyoming to serve contract terms that would continue a minimum of six years with opportunities for extension.
Mr Gregory H Boyce Chairman & CEO of Peabody said "The contract represents a major commitment between the largest Powder River Basin producer and the largest Powder River Basin customer. This contract is a win win for Ameren and Peabody, reinforcing the strong relationship between our companies and the growing market for low sulfur Powder River Basin coal."
Mr Warner L Baxter President & CEO of Ameren Missouri said "The bottom line is that this strategy is great for our customers, the environment and the state economy. With this approach, we will produce cleaner air, reduce the impact of stringent environmental standards on our customers, strengthen our state's energy and economic future and enter into a long-term contract with the leading coal company Peabody Energy."
Peabody Energy and Ameren Corporation have entered into an agreement to provide 91 million tons of low sulfur coal to serve multiple electricity generating plants in Missouri through 2017.
Peabody will source multiple products from its Powder River Basin operations in Wyoming to serve contract terms that would continue a minimum of six years with opportunities for extension.
Mr Gregory H Boyce Chairman & CEO of Peabody said "The contract represents a major commitment between the largest Powder River Basin producer and the largest Powder River Basin customer. This contract is a win win for Ameren and Peabody, reinforcing the strong relationship between our companies and the growing market for low sulfur Powder River Basin coal."
Mr Warner L Baxter President & CEO of Ameren Missouri said "The bottom line is that this strategy is great for our customers, the environment and the state economy. With this approach, we will produce cleaner air, reduce the impact of stringent environmental standards on our customers, strengthen our state's energy and economic future and enter into a long-term contract with the leading coal company Peabody Energy."
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