Magnetar Capital, an investment management firm based in Evanston, said on Monday that James River Coal Co. has entered into an agreement to purchase International Resource Partners LP, a metallurgical and steam coal company based in West Virginia. Get the full story »
Inside these posts: coal
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Second coal-to-gas bill passes Senate
In one of its final votes of the session, the state Senate passed a controversial bill this morning that would force state utilities to purchase synthetic natural gas from a plant proposed for downstate Illinois.
The bill paves the way for Power Holdings of Illinois LLC’s to produce gas from Illinois coal in Jefferson County by guaranteeing that the plant would have a market for the gas it produces for the next 10 years: Illinois consumers.
The vote follows a similar bill that passed last week that forces utilities to purchase the total output of a coal-to-gas plant proposed for Southeast Chicago by Leucadia National Corp. for the next 30 years. Get the full story »
FutureGen releases specs for CO2 storage site
Central Illinois cities that want to be part of a massive clean-coal project are getting a look at what they need to host a carbon dioxide storage facility. The FutureGen Alliance released specifications for the facility Wednesday.
Deadline for FutureGen deal extended by 60 days
The U.S. Department of Energy has extended a deadline to work out a deal to build the FutureGen coal power plant in eastern Illinois. The agency said Wednesday that an agreement that expired this week between it and the FutureGen Alliance to work out financial and other details has been extended by 60 days.
