As fall approaches, major electric utilities in Kentucky and Ohio were in the process of locking in steam coal supplies for later this year and, in some cases, for 2019 and beyond as the domestic market continues to show signs of recovery.
In August, Kentucky Power Co., a subsidiary of Columbus, Ohio-based American Electric Power Co., and East Kentucky Power Cooperative (EKPC) purchased 500,000 tons and 625,200 tons, respectively, of mostly barge coal from Central Appalachia and Northern Appalachia at prices ranging from $43.50/ton in the case of coal to be supplied EKPC by Murray Energy Corp.’s Consolidation Coal Co., to $53/ton FOB barge for coal to be supplied Kentucky Power by Alpha Natural Resources’ Mammoth mining complex in Kanawha and Fayette counties in West Virginia.
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