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Trump chief of staff Susie Wiles says the president 'has an alcoholic's personality' and much more in candid interviews; Mainers brace for health-care premium spike as GOP dismantles system; Candlelight vigil to memorialize Denver homeless deaths in 2025; Chilling effect of immigration enforcement on Arizona child care.

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House Republicans leaders won't allow a vote on extending healthcare subsidies. The White House defends strikes on alleged drug trafficking boats and escalates the conflict with Venezuela and interfaith groups press for an end to lethal injection.

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Farmers face skyrocketing healthcare costs if Congress fails to act this month, residents of communities without mental health resources are getting trained themselves and a flood-devasted Texas theater group vows, 'the show must go on.'

Peabody Coal Cuts Cleanup Deal with NM, Other States

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Monday, August 1, 2016   

SANTA FE, N.M. — Peabody Energy, the country's largest coal producer, has reached a deal with New Mexico and two other states regarding plans to cover the cost of mine cleanups.

The company filed for bankruptcy in April and has been allowed to self-bond, which means it promises to pay for coal-site cleanup without actually setting aside the cash.

Environmentalists are calling it a win. Howard Learner, who heads the Environmental Law and Policy Center, said it’s important the cleanup money does not come from taxpayers.

"Our goal is very simple,” Learner said, "that Peabody first of all set aside - either through a surety bond purchased or in a separate trust fund - sufficient money to conduct the necessary required mine reclamation and environmental cleanup. That's Peabody's legal responsibility. "

Under the agreement, about 15 percent of Peabody's $1.2 billion in self-bonds will be secured by financing during its bankruptcy. Peabody owns two properties in northwest New Mexico: the Lee Ranch and El Segundo surface mines. El Segundo produced about 8 million tons of coal in 2015 and employed about 320 people. The Lee Ranch mine is dormant.

In July, a judge ruled that organizations such as the Environmental Law and Policy Center can weigh in on any deal made. Learner said that could help keep Peabody accountable.

"What that really means is the court's attention is now focused on Peabody living up to its legal responsibility to fully fund the mine reclamation and hear the arguments about why those costs should not be shifted onto the public,” Learner said.

The groups are expected to head back to court in mid-August. In a statement , the company's president said Peabody is committed to its, "reclamation obligations."



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