Walter Energy Sells Coal Assets in W. Virginia & Alabama

Walter Energy Sells Coal Assets in West Virginia and Alabama

Several affiliates of ERP Compliant Fuels LLC and Virginia Conservation Legacy Fund Inc. (VCLF) closed on the purchase of coal assets from Walter Energy Inc.

Under terms of the agreement, Seminole acquired Walter Energy’s assets in West Virginia, including the Gauley Eagle and Maple properties, as well as the Walter Coke facility and Taft in Alabama. Walter’s remaining assets are its core Alabama coal operations. The Bankruptcy Court for the Northern District of Alabama approved the sales, and the deal is expected to close in the near future.

Walter Energy and its U.S. subsidiaries filed Chapter 11 bankruptcy on July 15, 2015.  PJT Partners is serving as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Bradley Arant Boult Cummings LLP are serving as legal advisors to Walter Energy.

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...