Patriot Coal Files for Bankruptcy As Demand for Natural Gas Rises

Patriot CoalĀ Corp. filed for bankruptcy on Monday, and was the first U.S. coal producer to seekĀ court protection since prices began to plummet as electricity producers turned to cheaper natural gas. The Company and nearly 100 affiliates were part of the chapter 11 filing in the U.S. bankruptcy court in Manhattan. Patriot said it had $3.57 […]

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