Jan. 3 (Bloomberg) -- U.S. coal producers including Peabody Energy Corp. and Alpha Natural Resources Inc. 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., which operates mines in Kentucky, rose 11 percent, while Patriot Coal Corp. 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 firstname.lastname@example.org.
To contact the editor responsible for this story: Simon Casey at email@example.com.