Arch Coal emerges from Chapter 11 bankruptcy protection

Arch coal elp

NEW YORK (AP) — Arch Coal says it has emerged from Chapter 11 bankruptcy protection and its stock will trade again on the New York Stock Exchange Wednesday.

The company, which has been hurt by weakening demand for coal, filed for bankruptcy protection nearly eight months ago to reduce its debt. Several other coal companies have filed for bankruptcy protection recently as electric power companies opt to use natural gas instead of coal, because it is cheaper and produces less pollution than coal.

Arch Coal says it now has $363 million in debt and $300 million in cash. The company continued to operate while it was under bankruptcy protection.

The St. Louis company says its stock will trade on the NYSE Wednesday under a new ticker symbol, "ARCH."

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>