Platts

German prompt power bearish on rising temperatures, economic data
German prompt OTC power prices were bearish Friday as temperatures were expected to rise slowly and as wind levels were set to rise. Monday base was last heard at Eur64.50/MWh ($88.31/MWh) before...More...

US climate bill will move through House committee in 2009: Waxman

Platts Broker-Based Indexes for Coal and Emissions for January 8

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Analysts warn of 'bearish outlook' in coal industry
After individual companies announced cost or production cutbacks in the first week of December, industry analysts said that the coal producers' fortunes are clearly heading downward. Read more.

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Cutback latest in met coal sales worries
In addition to announcing cutbacks in its Powder River Basin steam coal production, Peabody Energy said January 7 it is cutting 2009 metallurgical coal production from its Australian operations by up to 2 million short tons due to the decline in worldwide steel demand.
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