MICHAEL HAWTHORNE
Chicago Tribune
As President Joe Biden pushes the nation toward 100% carbon-free electricity to combat climate change, a coal-fired power plant in southern Illinois is one of the biggest roadblocks.
The Prairie State Generating Station is among the top 10 industrial sources of heat-trapping carbon dioxide in the United States, emitting as much as 2 million cars combined every year.
Less than a decade old, the massive electric generation plant is the brainchild of Peabody Energy, a St. Louis-based coal company that for years denied it contributes to global surges of extreme heat, wildfires, drought, flooding and rising seas.
Most of the other big U.S. coal plants still operating are at least 40 years old. They are either past or close to the end of their expected life spans. But Prairie State could keep churning out climate-changing pollution for another half century â decades past Bidenâs 2035 deadline to purge fossil fuels from the power
Peabody Announces Extended Early Tender Results Of Exchange Offer And Consent Solicitation, Further Extension Of Early Tender Date And Waiver And Satisfaction Of Minimum Tender Condition
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ST. LOUIS, Jan. 15, 2021 /PRNewswire/ Peabody (NYSE: BTU) today announced that as of 5:00 p.m., New York City time, on January 15, 2021 (the
Extended
Early Tender Date ), at least $397.5 million in aggregate principal amount of its outstanding 6.000% Senior Secured Notes due 2022 (the
Existing Notes ), representing approximately 86.6% of the total outstanding principal amount of Existing Notes, had been validly tendered and not validly withdrawn in connection with Peabody s previously announced offer to exchange (the
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Peabody Announces Early Tender Results Of Exchange Offer And Consent Solicitation And Extension Of Early Tender Date
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ST. LOUIS, Jan. 8, 2021 /PRNewswire/ Peabody (NYSE: BTU) today announced that as of 5:00 p.m., New York City time, on January 8, 2021 (the
Original
Early Tender Date ), at least $391.2 million in aggregate principal amount of its outstanding 6.000% Senior Secured Notes due 2022 (the
Existing Notes ), representing approximately 85% of the total outstanding principal amount of Existing Notes, had been validly tendered and not validly withdrawn in connection with Peabody s previously announced offer to exchange (the
Exchange Offer ) any and all of its Existing Notes for (i) new 10.000% Senior Secured Notes due December 31, 2024 (the