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rathman11
08-26-2009, 11:10 PM
For those of you interested, WCCO in the Twin Cities just posted this news story. Looks like the PRB Expansion is officially on hold.

http://wcco.com/business/dme.condemnation.lawsuit.2.1145792.html

http://www.trib.com/articles/2009/08/26/news/breaking/doc4a958cebad13d895024720.txt

nikos1
08-27-2009, 02:30 AM
What a surprise....

ShortlinesUSA
08-27-2009, 02:46 AM
This is unfortunate, because now is the time to be building so that it will be ready when the economy is back in good shape and the demand for energy is back on the rise. But, if CP doesn't have the money and no one wants to lend it, there's not much else you can do.

Nahant
08-29-2009, 02:49 PM
Wasn't part of the deal with CP taking over ICE/DME to get the PRB Expansion since ICE/DME had been turned down before when asking about laying tracks to PRB?

ShortlinesUSA
08-29-2009, 04:31 PM
I believe that in seeking a buyer for the DME, they were hoping to find someone with deeper pockets and better access to funding in order to complete the expansion. CP said from the beginning that their reasoning for buying DME was not just about the PRB, but rather the other strong agriculture-related businesses that were booming along the line (read: ethanol). However, with the biofuels industry not doing well at all at present (and arguably not for many years to come), the business case for getting the PRB expansion completed may get stronger.

crazytiger
08-29-2009, 05:15 PM
Bummer, I was looking forward to seeing the addition.

Nahant
08-29-2009, 11:19 PM
I believe that in seeking a buyer for the DME, they were hoping to find someone with deeper pockets and better access to funding in order to complete the expansion. CP said from the beginning that their reasoning for buying DME was not just about the PRB, but rather the other strong agriculture-related businesses that were booming along the line (read: ethanol). However, with the biofuels industry not doing well at all at present (and arguably not for many years to come), the business case for getting the PRB expansion completed may get stronger.

Thank you for the clarification.

DME 6361
09-06-2009, 06:16 AM
Well if you go to the UP.com site it states that they are doing different stratagies as to buying the land outright instead of forcing emmenent domain. And not at all stopping --just a different approach!

ichogger77
09-28-2009, 07:03 AM
DEAD HORSE!!!!!!!!!! too much shale on the PRB sub

Nahant
09-30-2009, 02:37 AM
Posted in the wrong spot.