CONSOL Energy


CONSOL Energy

Infobox_Company
company_name = CONSOL Energy, Inc.
company_
company_type = Public (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=CNX CNX] )
company_slogan =
foundation = Cumberland, Maryland (1864)
location = Upper Saint Clair, Pennsylvania
key_people = J. Brett Harvey, Chairman and CEO| revenue = profit$3.81 billion USD
num_employees = 7300
industry = Energy
products = Coal Mining
Natural Gas
timber
electric power
transportation
homepage = [http://www.consolenergy.com/ www.consolenergy.com]

CONSOL Energy Inc. is the largest producer of high-BTU bituminous coal in the United States Fact|date=September 2008. It is one of the US's largest coal mining companies, along with Peabody Energy and Arch Coal. The company has some 4.5 billion tons of proved reserves, mainly in northern and central Appalachia and the Illinois Basin, and produces about 65 million tons of coal annually [http://www.hoovers.com/consol-energy/--ID__40101--/free-co-profile.xhtml] .

It began operations in 1864 in the city of Cumberland, Maryland and is based suburban Pittsburgh, USA. The head office is located in the southern suburb of Upper St.Clair, Pennsylvania.

CONSOL Energy engagement in national politics

CONSOL Energy provided the National Rifle Association access to its Blacksville No. 2 coal mine in West Virginia to film a television advertisement with an anti-Barack Obama message. [http://www.usatoday.com/news/politics/2008-09-22-589613148_x.htm?loc=interstitialskipcse] The National Rifle Association intended to ask miners the question "How do you feel about having your Second Amendment rights taken away if Obama becomes president." [http://thecaucus.blogs.nytimes.com/2008/10/02/mine-workers-protest-anti-obama-ad/?scp=1&sq=Obama%20campaign&st=cse] Word spread among pro-Obama miners who contacted their union, the United Mine Workers of America, resulting in 440 miners took the day off in a contract sanctioned protest, and halted production at CONSOL's Blacksville No. 2 coal mine. [ ALeqM5jMsnj1dSwcjNPJG3ngyGr7YEhhiAD93C0CB00 ]

Stephen G. Young a vice president at CONSOL, gave $2,000 to Sen. Robert Byrd [http://www.ohvec.org/newsletters/woc_2005_12/article_17.html] .

Subsidiaries

Through its subsidy, CNX Coal, the corporation manages coal mining operations, with 17 bituminous coal mining complexes in six states.

CNX Gas extracts methane gas for home use in the Appalachian and Illinois basines, and it is one of the nation's largest natural gas suppliers.

CNX Land manages over 430,000 acres (1,740 km²) of forest land in the US and Canada, using the land both for timber production and energy use.

CNX Ventures manages several East Coast power stations, while CNX Services provides transportation for raw materials.

Financials

CONSOL Energy has annual revenues of $3.8 billion. Customers include electric utilities and steel mills; Allegheny Energy is its largest customer by far [http://www.hoovers.com/consol-energy/--ID__40101--/free-co-profile.xhtml] .

The company was named one of America’s most admired companies in 2005 by Fortune magazine. CONSOL Energy is rated 513 on the Fortune 1000 (7/5/2006).

CONSOL Energy entered the S&P 500 on June 28, 2006, replacing Knight-Ridder.

CONSOL:

* Mines more high-Btu bituminous coal than any other U.S. coal producer.

* Is the largest U.S. coal producer, in terms of tons mined, east of the Mississippi River.

* Is the largest U.S. producer of coal from underground mines.

* Has the second largest amount of recoverable coal reserves among U.S. coal producers.

* Is the second largest natural gas producer from the Appalachian Basin.

* Controls 1.0 trillion cubic feet (28 km³) of net, proved reserves of gas.

* Operates more than 1,800 wells connected by approximately convert|900|mi|km of lines and infrastructure.

* Produced an average convert|139.6|Mcuft/d|m3/d of pipeline-quality coalbed methane for commercial use in 2004. Its proved reserves total 1.3 trillion cu. ft [http://www.hoovers.com/consol-energy/--ID__40101--/free-co-profile.xhtml] .

* Through its subsidiary, CNX Land Resources Inc., has timber and farming operations, as well as commercial development ventures.

* CONSOL delivers coal using its own railroad cars, export terminals, and fleet of towboats and barges [http://www.hoovers.com/consol-energy/--ID__40101--/free-co-profile.xhtml] . Maintains a fleet of five diesel-powered river boats and 300 barges. In 2004, river transports of CONSOL Energy coal totaled 7.9 million tons.

Competitors

*Arch Coal
*Massey Energy
*Peabody Energy

Awards and Technology

It received the U.S. Department of the Interior's Office of Surface Mining National Award for Excellence in Surface Mining for the company's innovative reclamation practices in 2002, 2003 and 2004.

It has a safety record two times better than the industry average for underground bituminous coal mines.

Also in 2003, the company was listed in Information Week magazine's "Information Week 500" list for its information technology operations.

In 2002, the company received a U.S. Environmental Protection Agency Climate Protection Award.

During 2004 contributed nearly $0.5 million in charitable donations and awarded $0.4 million through scholarships and grants to colleges and universities.

It has a private R&D facility currently working with the U.S. Department of Energy and others on advanced technology for coal and coalbed methane production and utilization.

See also

* Consolidation Coal Company
* Cumberland and Pennsylvania Railroad

Footnotes


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • CONSOL Energy — Rechtsform Gründung 1864 in Cumberland, Maryland[1] …   Deutsch Wikipedia

  • Consol Energy — Inc. Тип Публичная компания Листинг на бирже NYSE: CNX Год основания …   Википедия

  • Consol Energy — Consolidation Coal Company redirects here. For the unrelated company that formerly operated under the same name in Iowa, see Consolidation Coal Company (Iowa). Consol Energy Consol Energy logo Type Public …   Wikipedia

  • Consol Energy Center — CONSOL Energy Center …   Wikipedia

  • Consol Energy Center — Généralités Adresse 1001 Fifth Avenue Pittsburgh …   Wikipédia en Français

  • CONSOL Energy Park — The House of Thrills Former names Falconi Field …   Wikipedia

  • Consol Energy Mine Map Preservation Project — Location University of Pittsburgh Key people Amy E. Baker Conservator Area served Southwestern Pennsylvania Focus mine map preservation, digitization and archiving Website …   Wikipedia

  • Consol Energy Center — Daten Ort Pittsburgh, Pennsylvania, US …   Deutsch Wikipedia

  • Consol (Begriffsklärung) — Consol steht für: Consol, ein Funknavigationssystem Consol (Institution), Schweiz Consol, engl. Abk. für A M Consolidated High School das Steinkohlenbergwerk Consolidation im Gelsenkirchener Volksmund CONSOL Energy, ist ein US amerikanisches… …   Deutsch Wikipedia

  • Consol — may refer to: Consol Energy, an American coal mining company Consols, a type of perpetual bond issued by the government of the United Kingdom. A M Consolidated High School, a high school in College Park, Texas, US This disambiguation page lists… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.