Bloomberg News

Peabody Energy Gets Subpoena From SEC Relating to Prairie State

February 25, 2013

Peabody Energy Corp. (BTU:US), the largest U.S. coal producer, said the Securities and Exchange Commission served it with a subpoena seeking information and documents relating to the development of the Prairie State power station.

Peabody is cooperating with the investigation and believes “pending or threatened proceedings” will be resolved without material impact on the company’s financial condition, it said in its annual report filed with the SEC today.

The Prairie State Energy Campus became operational last year. Peabody, based in St. Louis, owns 5.06 percent of the 1,600-megawatt, coal-fueled power plant in southern Illinois, the balance being owned by public power agencies.

“We look forward to sharing information on what is a highly successful project,” Vic Svec, a spokesman for Peabody, said in an e-mail.

To contact the reporter on this story: Sonja Elmquist in New York at selmquist1@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • BTU
    (Peabody Energy Corp)
    • $14.99 USD
    • -0.16
    • -1.07%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus