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Business
1:18 pm
Tue February 26, 2013

Peabody: SEC Investigating Ill. Prairie State Power-Plant Project

Credit (St. Louis Public Radio)
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One of the nation's biggest coal producers says federal security regulators are investigating the company's role in development of a southwestern Illinois power plant.

St. Louis-based Peabody Energy Corp. says in its annual report that the Securities and Exchange Commission served the company with a subpoena last month requesting information and documents related to the Prairie State project.

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St. Louis on the Air / Coal Protest
11:37 am
Tue January 29, 2013

Miners Protest In St. Louis Over Effects Of Patriot Coal Bankruptcy

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Credit (Adam Allington/St. Louis Public Radio)
Miners from across the country marching down Market St. in downtown St. Louis. They are protesting a Peabody Energy/Patriot Coal plan to cut pension and health care programs following Patriot's bankruptcy.
Credit (Adam Allington/St. Louis Public Radio)
Miners stand in protest in St. Louis.
Credit (Adam Allington/St. Louis Public Radio)
Police officers in front of Eagleton Courthouse in St. Louis during the protest.
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Hundreds of miners from across the country protested outside of St. Louis-based Peabody Energy on Tuesday.

The miners are accusing Peabody of orchestrating a bankruptcy in order to skip out on pension and healthcare benefits owed to some 10,000 retirees and their dependents.

At the heart of the dispute is Patriot Coal Corp., which was created by Peabody as a stand-alone company in 2007.  In creating Patriot, Peabody also transferred a hefty chunk of Peabody’s outstanding pension obligations onto Patriot’s books.

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