Routt County Treasurer Brita Horn has rejected checks for overdue property taxes from bankrupt coal company Peabody Energy that fell short of the amount due — and then took money out of her own pocket for a public relations effort assuring county taxpayers that all of them will be treated equally.
Category Archives: Peabody Energy
Peabody says the bonuses are warranted in light of the fact that the success of its restructuring requires “extraordinary efforts” from its leaders.
A judge on Wednesday agreed to let Peabody Energy go ahead and pay nearly $30 million in property taxes in four states while the coal company goes through bankruptcy reorganization.
Colorado’s state board of education has emptied its emergency fund to help a 300-student district caught up in a giant coal company’s financial woes.
Peabody Energy’s failure to pay a $1.2 million June installment to Routt County translated almost instantly to trouble for fire protection, the library, cemetery and school for 325 children. It is an example of how the shaky status of coal-mining companies reverberates around the West.
Peabody Energy Corp. is set to pay President Barack Obama’s Harvard Law School mentor $435,000 this year to help the bankrupt coal producer challenge the administration’s signature environmental law.