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Last $26.21 USD
Change Today -0.05 / -0.19%
Volume 132.3K
WLB On Other Exchanges
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

westmoreland coal co (WLB) Snapshot

Previous Close
Day High
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52 Week High
08/11/14 - $45.19
52 Week Low
03/17/15 - $23.13
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for WESTMORELAND COAL CO (WLB)

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westmoreland coal co (WLB) Details

Westmoreland Coal Company, through its subsidiaries, operates as an energy company. The company engages in the production and sale of sub-bituminous coal and lignite to plants that generate electricity. It owns and operates coal mines in Montana, Wyoming, North Dakota, Texas, and Ohio, the United States; and Alberta and Saskatchewan, Canada. As of December 31, 2014, the company had total proven or probable coal reserves of approximately 1,265.2 million tons. It is also involved in the production of electricity. The company operates two coal-fired power generating units with a total capacity of approximately 230 megawatts in Weldon, North Carolina. Westmoreland Coal Company was founded in 1854 and is headquartered in Englewood, Colorado.

3,440 Employees
Last Reported Date: 03/6/15
Founded in 1854

westmoreland coal co (WLB) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Treasurer
Total Annual Compensation: $396.9K
President of Canada Operations
Total Annual Compensation: $195.2K
Chief Adminstrative Officer, Senior Vice Pres...
Total Annual Compensation: $356.2K
Executive Vice President
Total Annual Compensation: $282.2K
Compensation as of Fiscal Year 2014.

westmoreland coal co (WLB) Key Developments

Westmoreland Coal Co. Approves Board Appointments

Westmoreland Coal Co. announced at AGM held on May 19, 2015, the shareholders of the company approved the election of Richard M. Klingaman and Jan B. Packwood to the Board of Directors to serve for a one-year term.

PNM Resources Files Executed Letter Agreement with Westmoreland Coal Company

PNM Resources' New Mexico utility, Public Service Co. of New Mexico (PNM), signed an executed letter agreement with Westmoreland Coal Co.for the new coal supply contract for San Juan Generating Station (SJGS) previously announced on May 1. The combined new coal supply and SJGS ownership restructuring agreements will save customers approximately $300 million in fuel costs over the next six years. The company filed the agreement and other documents in response to a New Mexico Public Regulation Commission (NMPRC) order that requested comments on how the Commission should proceed in light of these agreements. PNM feels strongly the NMPRC has reason to approve the company’s request to add 132 megawatts of capacity in SJGS Unit 4, conditional upon final execution of the ownership and coal contracts by August 31, 2015. The New Mexico Environmental Improvement Board unanimously approved the plan and EPA approval of the plan became effective November 2014. The plan complies with federal visibility regulations under the Clean Air Act.

Westmoreland Coal Company Enters into New Long-Term Coal Supply Agreement

Westmoreland Coal Company entered into a new long-term coal supply agreement with the owners of the San Juan Generating Station. The new coal supply deal expires in 2022, but SJGS owners can extend the agreement beyond 2022, to coincide with the SJGS owners' plans for operation of the plant after 2022.


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