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Third-largest coal firm in U.S. files for bankruptcy protection

GILLETTE, Wyo. The nation’s third-largest coal company by production volume filed for bankruptcy as utility companies increasingly turn to gasfired generation and renewable energy for electricity. Gillette-based Cloud Peak Energy filed for Chapter 11 reorganization in U.S. Bankruptcy Court in Delaware on May 10. The move was widely expected since at least March, when the company received the first of […]

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