Governor Gordon’s Statement on the FTC Suit to Block Joint Venture between Peabody Energy Corporation and Arch Coal

CHEYENNE, Wyo. – Governor Mark Gordon has issued the following statement on the administrative complaint filed by the Federal Trade Commission challenging a proposed joint venture between Peabody Energy Corporation and Arch Coal: I believe this complaint by the Federal Trade Commission is a wrongheaded attempt to drive a nail into an industry which is struggling to adapt to a rapidly changing marketplace. It could also result in significant impacts to the workforce of the North Antelope Rochelle and Black Thunder coal mines. Today’s energy marketplace is broad and includes wind, solar, natural gas, hydroelectric and geothermal, all of which have become more competitive since 2018. The FTC appears to have ignored this fact, and seems intent on extending the uncertainty facing coal companies in the Powder River Basin. I don’t believe the broader energy marketplace will benefit from a challenge to this merger, or see higher prices. We will be watching this court case closely.

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!