Old 08-27-2009, 12:10 AM   #1
rathman11
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Default DM&E PRB Project

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.condemn...2.1145792.html

http://www.trib.com/articles/2009/08...d895024720.txt
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Last edited by rathman11; 08-27-2009 at 12:31 AM. Reason: Added second link to original news source
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Old 08-27-2009, 03:30 AM   #2
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What a surprise....
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Old 08-27-2009, 03:46 AM   #3
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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.
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Old 08-29-2009, 03:49 PM   #4
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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?
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Old 08-29-2009, 05:31 PM   #5
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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.
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Old 08-29-2009, 06:15 PM   #6
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Bummer, I was looking forward to seeing the addition.
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Old 08-30-2009, 12:19 AM   #7
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Quote:
Originally Posted by ShortlinesUSA View Post
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.
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Old 09-06-2009, 07:16 AM   #8
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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!
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Old 09-28-2009, 08:03 AM   #9
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DEAD HORSE!!!!!!!!!! too much shale on the PRB sub
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Old 09-30-2009, 03:37 AM   #10
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Posted in the wrong spot.
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