Alpha Natural Resources Hit With EPA Fine; Must Upgrade Wastewater Systems

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

coal
Thinkstock
Coal miner Alpha Natural Resources Inc. (NYSE: ANR) has reached an consent decree with the U.S. Environmental Protection Agency under which the company will spend approximately $200 million to install and operate wastewater treatment systems to reduce the discharge of pollution from coal mines in Kentucky, Pennsylvania, Tennessee, Virginia, and West Virginia. The EPA also levied a $27.5 million fine against the company “for thousands of permit violations” and said that this was the largest penalty in history under Section 402 of the Clean Water Act.

A Justice Department official said:

The unprecedented size of the civil penalty in this settlement sends a strong deterrent message to others in this industry that such egregious violations of the nation’s Clean Water Act will not be tolerated. Today’s agreement is good news for communities across Appalachia, who have too often been vulnerable to polluters who disregard the law. It holds Alpha accountable and will bring increased compliance and transparency among Alpha and its many subsidiaries.

On its own behalf an Alpha executive said:

Our combined total water quality compliance rate for 2013 was 99.8 percent. That’s a strong record of compliance, particularly considering it’s based on more than 665,000 chances to miss a daily or monthly average limit. But our goal is to do even better, and the consent decree provides an opportunity to proactively focus on improving on the less than 1 percent of the time that permit limits were exceeded.

The company also said that the complaints against the company “did not allege that the exceedances posed a risk to human health.”

Alpha’s stock was down about 1.5%, at $5.23 in a 52-week range of $4.78 to $9.05.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618