Coal Producers Rise on Court’s Delay of EPA Pollution Rule

U.S. coal producers including Peabody Energy Corp. (BTU) and Alpha Natural Resources Inc. (ANR) rose after a federal court ruled that the Environmental Protection Agency must delay implementing air-pollution regulations.

Peabody, the largest U.S. coal-mining company, rose 9.5 to $36.27, the biggest gain in a month, while Alpha climbed 8 percent.

James River Coal Co. (JRCC), which operates mines in Kentucky, rose 11 percent, while Patriot Coal Corp. (PCX) advanced 7.8 percent.

The U.S. Appeals Court in Washington late on Dec. 30 granted a request by electric power producers and other challengers to delay the deadline for some plants to start reducing some polluting emissions.

The EPA’s Cross-State Air Pollution Rule seeks to impose caps on sulfur dioxide, which can lead to acid rain, and nitrogen dioxide, a component of smog, in Texas and 26 eastern states.

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.

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