Wednesday, June 19 2013 3:50 PM EDT2013-06-19 19:50:07 GMT
Responding to Appalachian Power's proposal to buy parts of three coal generating units, intervenors filed June 18 with the West Virginia PSC recommending that just one unit is enough for now.
Responding to Appalachian Power's proposal to buy parts of three coal generating units, intervenors filed June 18 with the West Virginia PSC recommending that just one unit is enough for now.
Wednesday, June 19 2013 11:23 AM EDT2013-06-19 15:23:00 GMT
VICKI SMITH Associated Press JULIAN, W.Va. (AP) - Orange flames lick at the roof of the coal mine, heat building and visibility dropping as smoke begins to fill the underground passageway. Then, with
Orange flames lick at the roof of the coal mine, heat building and visibility dropping as smoke begins to fill the underground passageway. Then, with the push of a few buttons on a hand-held remote, the flames flicker out, the smoke dissipates and the lights come on. The roar of fire is replaced by the trickle of nearby water.
Wednesday, June 19 2013 11:00 AM EDT2013-06-19 15:00:23 GMT
In a news release Wednesday, Sen. Jay Rockefeller, D-WV, threw his support behind an effort to update digital black lung screening standards. Last week, the U.S. Department of Labor's Office of Workers'
In a news release Wednesday, Sen. Jay Rockefeller, D-WV, threw his support behind an effort to update digital black lung screening standards.
Tuesday, June 18 2013 3:29 PM EDT2013-06-18 19:29:23 GMT
HUNTINGTON - A new Marshall University energy project will demonstrate hydroelectric power using acid mine drainage from coal mining as its source of energy. Marshall University's Center for Environmental,
A new Marshall University energy project will demonstrate hydroelectric power using acid mine drainage from coal mining as its source of energy.
Tuesday, June 18 2013 12:35 PM EDT2013-06-18 16:35:02 GMT
As domestic use of coal slows and gas resources expand so rapidly that prices have plummeted to historic lows, the nation's fossil fuel giants are looking across the ocean for a solution.
As domestic use of coal slows and gas resources expand so rapidly that prices have plummeted to historic lows, the nation's fossil fuel giants are looking across the ocean for a solution.
In a recent filing with the Securities Exchange Commission, Chesapeake Energy disclosed a federal financial investigation into its CEO and business.
The investigation is related to the Founders Well Participation Program, an executive perk that allowed CEO Aubrey McClendon to take a financial interest in the wells drilled by Chesapeake. The program would allow McClendon to have up 2.5 percent interest in a well.
Additionally, the company was looking into McClendon's borrowing of more than $1 billion from EIG Global Energy Partners, a major partner with Chesapeake.
Last month, Chesapeake announced it had conducted an internal investigation of the practices the SEC is investigating and concluded there was no evidence of intentional wrongdoing.
On Friday, the company's 10-K disclosure revealed that an investigation initiated last May by the SEC is ongoing.
"On December 21, 2012, the SEC's Fort Worth Regional Office advised Chesapeake that its inquiry is continuing as an investigation, and it has issued subpoenas for information and testimony," the filing states. "The company, including Mr. McClendon, is providing information to the SEC in connection with this matter. The company is also responding to related inquiries from other governmental and regulatory agencies and self-regulatory organizations."
The board has already taken action to end the Founders Well Participation Program and Aubrey McClendon has agreed to step down as CEO on April 1. McClendon was one of the founders of Chesapeake.
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