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Peabody Energy Drops Power Plant Stake In $57M Deal

By Jonathan Randles ( May 19, 2016, 7:06 PM EDT) -- Peabody Energy said Thursday that it has completed a $57 million sale of its stake in a 1,600-megawatt coal-powered electric plant in Illinois to a power cooperative, a day after the bankrupt coal company got final approval on a financing package that it said is key to its restructuring plans....

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