KCS: Coal shipments to Texas facilities expected to continue

05/28/2013 | SNL Financial (free content)

The price of natural gas is keeping Luminant Generation's coal-powered plants in Texas taking coal shipments "faster than we thought," said Patrick Ottensmeyer, Kansas City Southern executive vice president of sales and marketing. "Based on what they've told us about their strategy and about gas prices and what that means for their ability to produce electricity and make money, we think they will keep them running," Ottensmeyer said.

View Full Article in:

SNL Financial (free content)