Murray Energy Corp. will continue supplying steam coal to FirstEnergy Solutions Corp., at least for now, after an Ohio federal judge in early October denied FES’s motion to reject the 6.5-million-tons-per-year (tpy) supply contract not set to continue for another decade. Soon after filing for Chapter 11 federal bankruptcy reorganization on March 31, 2018, FES, a subsidiary of Akron, Ohio-based FirstEnergy Corp., requested permission from the federal bankruptcy court in northern Ohio to prematurely terminate the Murray agreement. Such a move, FES said, would save it approximately $20 million in 2018 and $14.5 million in 2019 as it attempts to reorganize its debts. But Judge Alan Koschik denied the request on October 2 in a single-sentence ruling on the court’s website, although he did not give a reason for his decision.
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Judge Denies FES Request to Reject Murray Energy Coal Supply Agreement
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