Examples of Pennsylvania Mining Complex in a sentence
Prior to the consummation of the Take-In Transaction, the Borrower shall not, and shall not cause or permit any Subsidiary to, use the Pennsylvania Mining Complex in the production, transmission, or distribution, for sale, of electric energy or of natural or synthetic gas for heat, light, or power within the meaning of Section 363(h)(4) of the Bankruptcy Code.
As a result of the separation of the two companies, CONSOL Energy and its subsidiaries now hold the coal assets previously held by CNX, including its Pennsylvania Mining Complex, Baltimore Marine Terminal, its direct and indirect ownership interest in CONSOL Coal Resources LP, formerly known as CNXC Coal Resources LP, and other related coal assets previously held by CNX.
For the years ended December 31, 2016, 2015 and 2014, our portion of the Pennsylvania Mining Complex sold approximately 0.5 million tons, 0.3 million tons and 0.3 million tons of coal, respectively, in the metallurgical market.
For the years ended December 31, 2018, 2017 and 2016, our portion of the Pennsylvania Mining Complex sold approximately 0.4 million tons, 0.4 million tons and 0.5 million tons of coal, respectively, in the metallurgical market.
The administration of these coal purchase and sale contracts includes CES’ making elections, enforcing rights, executing coal sale confirmations and invoicing, in each case at our direction and with respect to the coal reserves attributable to our interests and CES’ interest in the Pennsylvania Mining Complex.
EBITDA less Capex Pennsylvania Mining Complex Overview Source:CONSOL Mining Corp.
CONSOL also produces thermal and metallurgical coal from mines associated with its Pennsylvania Mining Complex.
The Borrower shall not, and shall not cause or permit any Subsidiary to, use the Pennsylvania Mining Complex in the production, transmission, or distribution, for sale, of electric energy or of natural or synthetic gas for heat, light, or power within the meaning of Section 363(h)(4) of the Bankruptcy Code.
Because this transaction is between entities under common control, the Partnership recast its historical consolidated financial statements to retrospectively reflect the additional 5% interest in Pennsylvania Mining Complex as if the business was owned for all periods presented; however, the consolidated financial statements are not necessarily indicative of the results of operations that would have occurred if the Partnership had owned it during the periods reported.
The PA Mining Acquisition was a transaction between entities under common control; therefore, the partnership recorded the assets and liabilities of the acquired 5% of Pennsylvania Mining Complex at their carrying amounts to CONSOL Energy on the date of the transaction.