Trump Orders Pentagon To Buy 'A Lot Of' Coal Power, Pledges $175 Million For Plant Upgrades - Alliance Res Partners (NASDAQ:ARLP), Peabody Energy (NYSE:BTU)
Peabody(US:BTU) Benzinga·2026-02-12 07:02President Donald Trump signed an executive order on Wednesday directing the Department of War to buy electricity from coal-fired power plants, aiming to support the struggling industry.The order requires the Pentagon to enter purchase agreements for an unspecified amount of coal-generated power. Additionally, the Energy Department will allocate $175 million to upgrade six coal plants across Kentucky, North Carolina, Ohio, Virginia, and West Virginia."We're going to be buying a lot of coal through the milita ...