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BRIEF-Westmoreland Coal amends power supply agreement with Dominion Virginia Power
December 28, 2016 / 9:55 PM / in 7 months

BRIEF-Westmoreland Coal amends power supply agreement with Dominion Virginia Power

1 Min Read

Dec 28 (Reuters) - Westmoreland Coal Co

* Amended its power supply agreement with Dominion Virginia Power, a subsidiary of Dominion

* Westmoreland Coal Co - by no longer operating Rova, will reduce projected cash flow burn by $13 million through March 2019

* Westmoreland Coal Co - under amendment, to begin providing required contracted level of energy to Dominion through power purchase contracts

* Westmoreland Coal - Westmoreland continues to anticipate release during 2017 of nearly half of $22 million in restricted cash in place at September 30, 2016

* Westmoreland Coal Co - "additionally, we are now more aggressively pursuing sale of remaining physical facility" Source text for Eikon: Further company coverage:

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