After expending considerable effort, Palmer was able to have the facilities moved to a site in Marmet, West Virginia, where the host, an affiliate of Progress Energy, had an optimum transloading facility and an excellent operating and marketing history.
Palmer negotiated documents with incentives which worked to the benefit of all parties. The facilities operated successfully for several years producing approximately 1.7 million tons of a coal-based product per year.
LOCATION: Marmet, WV
TYPE: Waste Coal
PALMER’S ROLE: General Partner, Sponsor in Credit Monetization Program