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Expert Analysis

Emerging Issues In Coal Industry Bankruptcy Cases

Law360, New York (July 10, 2015, 10:21 AM EDT) -- In early May, Patriot Coal, the 12th-largest coal producer in the United States, filed for bankruptcy for the second time in three years. Why? Has the coal industry, forced to compete head-to-head with cleaner natural gas and burdened with substantial legacy liabilities, taken the path of the buggy maker? The answer seems to be "no," at least in the short term. With 39 percent of today's power generated in the United States still produced by coal, coal remains an energy source the United States must continue to use. However, the industry will once again need to right-size. It will accomplish this task, at least partially, through the bankruptcy process....

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