Westmoreland Announces Restructuring of ROVA Contracts
Westmoreland Coal Company (NasdaqGM:WLB) today announced that it has entered into an agreement with Dominion Virginia Power, a subsidiary of Dominion (NYSE:D), to restructure the remaining five years of the ROVA I and ROVA II contract to allow the energy component of the contract to be supplied from outside sources. The restructured contract provides long-term benefit to ROVA, Dominion and its customers.
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the United States. The Company’s coal operations include sub-bituminous coal mining in the Powder River Basin in Montana and Wyoming, and lignite mining operations in Montana, North Dakota Pand Texas. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina. For more information, visit www.westmoreland.com.
Contact
Westmoreland Coal Company
Kevin Paprzycki, 855-922-6463