Peabody Energy

Protesters Return To St. Louis As Patriot Coal Health Benefits Case Continues

Maria Altman — Mon, 29 Apr 2013 22:33:11 +0000

A motion by Patriot Coal to cut health benefits for 10,000 retired miners was heard Monday in a federal bankruptcy court in St. Louis.

More than 1,500 protesters, many with the United Mine Workers of America, rallied in downtown to draw attention to the case.

The UMWA is angry with Patriot for asking a federal bankruptcy judge to allow it to shed about $1.6 billion in liabilities.

Union Miners Protest Peabody In St. Louis Again, This Time, With Crosses

Sean Sandefur and Maria Altman — Tue, 16 Apr 2013 19:03:22 +0000

Hundreds of retired and current union miners from across the country descended on St. Louis on Tuesday to protest Peabody Energy and the potential loss of their pension plans.

Most of the miners worked for either Peabody Energy or Arch Coal, but their benefits are threatened by the bankruptcy of Patriot Coal last year. Patriot was spun off from Peabody in 2007, along with the healthcare obligations of many Peabody and Arch Coal employees.

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

The Associated Press — Tue, 26 Feb 2013 19:18:22 +0000

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.

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

Adam Allington and Kelsey Proud — Tue, 29 Jan 2013 17:37:02 +0000

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.

May Day protesters take aim at Peabody tax policies

Joseph Leahy — Tue, 01 May 2012 21:22:59 +0000

About 150 activists marched outside Peabody Energy’s annual stockholder meeting in downtown St. Louis today.

The protesters decried an unfair tax code that they say allows the energy company to dodge paying its fair share of taxes. For instance, they say Peabody paid $0 in federal income taxes in 2008 and 2009; and $0 in state income taxes in 2010.

Peabody Energy's Corporate Communications Director Meg Gallagher says, however, the group’s numbers are inaccurate.