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Alliance Resource Partners, L.P. Announces Increased Long-Term Coal Sales to TVA.

Publication: Business Wire
Publication Date: 26-AUG-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Alliance Resource Partners, L.P. Announces Increased Long-Term Coal Sales to TVA.(Financial report)

Article Excerpt
TULSA, Okla. -- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that ARLP has entered into a new coal supply agreement with the Tennessee Valley Authority which will increase ARLP's annual coal supply to TVA by an additional two million tons per year beginning in 2010. Under the new agreement, beginning next year, ARLP will deliver five million tons of coal per year from its Illinois Basin operations to TVA over the next seven years. Under the terms of the new agreement, the parties may extend deliveries of five million tons per year for up to an additional seven years beyond the initial term.

"TVA has been an important customer to ARLP for many years and this new agreement further strengthens the long standing relationship between our companies," said Joseph W. Craft III, President and Chief Executive Officer. "This new agreement...

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