How personal fairness squeezes money from the dying U.S. coal trade By Reuters

© Reuters. FILE PHOTO: In U.S. coal nation, employees forgive Trump for failed revival


By Tim McLaughlin

BOSTON (Reuters) – Personal fairness corporations are proving there’s nonetheless loads of revenue within the U.S. coal trade regardless of a decade of falling demand for the fossil gas. They’re spending billions of {dollars} shopping for coal-fired vegetation on a budget – and getting paid even when they aren’t offering energy.

Because the finish of 2014, at the least 5 U.S. personal fairness corporations have purchased coal vegetation in markets the place regulators pay them to be on standby to supply emergency energy when demand surges with excessive scorching or chilly climate, in line with a Reuters overview of U.S. regulatory disclosures and credit-rating company stories.

The profitable investments illustrate how fossil fuels will stay an necessary a part of the power combine – and proceed spinning off money for traders

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Enterprise & Finance

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‘Greed is rearing its ugly head and killing concord’: My husband and his brother are at warfare over an inheritance from a beloved neighbor. What can we do?

When my husband and his solely (youthful) brother had been rising up, a childless neighbor was very type to them and handled them as in the event that they had been her “nephews.” They even referred to as her “Aunt Hilda.” Additionally they handled her like household; my husband has visited her frequently over time. However greed is rearing its ugly head and killing concord.

When my husband was away within the military 30 years in the past, Aunt Hilda gave a home and a chunk of property to my husband’s brother when she determined to maneuver to a different state to look after her future mother-in-law, with the written authorized situation that she had a lifelong means to return and dwell in the home as nicely, ought to she need to or must.

The brother determined he didn’t actually like these phrases, and after residing in the home for

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