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Peabody to Pay Taxes During Bankruptcy, Federal Judge Decides

Submitted by jhartgen@abi.org on

A judge has allowed Peabody Energy to pay nearly $30 million in property taxes in four states while the coal company goes through bankruptcy reorganization, the Casper (Wyo.) Star Tribune reported today. The decision yesterday in federal court in St. Louis should end uncertainty for a Colorado school district that began when Peabody missed a property tax payment in June. The state of Colorado has fronted the South Routt School District some $1 million in state funding because of the crisis. In Campbell County, Wyo., Peabody has three open-pit mines and owes about $1.8 million in property and land taxes for 2015. About 54 percent of that goes to the Campbell County School District.