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Table 7: Illinois Basin Coal Prices 2005 to Present <br />SNL Physical Markets Survey ($ per Ton) <br />Region: Illinois Basin <br />Term: Prompt Quarter <br />$100 <br />Sao <br />$60 ' <br />$20 <br />s0 <br />2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 <br />---Illinois Basin 10,500 6.00 Rail ---Illinois Basin 11,000 5.00 Barge <br />Illinois Basin 11,500 2.50 Rall Illinois Basin 11,800 5.00 Rall <br />Peabody discloses that the fourth mine in the debt swap transaction — the Kayenta mine in <br />Arizona, a mine mouth facility that serves the Navajo Generating Station — receives $43.63 <br />per ton for its coal. This means that this Arizona mine is some of the most expensive coal in the <br />nation, charging an energy -adjusted price that exceeds the spot price in almost every region <br />of the country. <br />Table 8: EIA Spot <br />Prices week of January <br />22, 2016 versus Pe <br />Region- <br />. Adjusted <br />CAPP <br />42.251 <br />1.69 <br />NAPP <br />48.601 <br />1.87 <br />Illinois Basin <br />40.0 <br />1.79 <br />PRB <br />9.70 <br />0.55 <br />Uinta Basin <br />39.05 <br />1.67 <br />Ka entas6 <br />43.63 <br />2.0 <br />�abody's Kayenta Coal Mine <br />Peabody does not offer a forward looking price scenario for the Kayenta mine in the Form -8K <br />Overview. The ownership structure for the Navajo Generating Station, the one plant served by <br />the Kayenta mine, consists of Tucson Electric Power, Salt River Project, Los Angeles Department <br />se Although Peabody's Form 8K-2016 Debt filing lists the per ton cost at $43.63, SNL's data base of Fuel Contract Details for <br />2015 lists the average price of the year at $45.10 per ton. (SNL, Company and Assets/Navajo Generating <br />StatlorVAnalytics/Fuel Contract Details, 2015, proprietary database information.) <br />Peabody's Strategies for Survival Ignore Market Realities and Risk Backfiring 14 <br />