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urL•~:•. luj:usiriol::~sa'r~;,. lr panrectiun'.Yith~r..'.OOI;,.ac:quisiiions„ die.Cumoany assumed o~vnersl~ir, ut
<br />ia.~.:.u i'.~suurca, Ins. ~•~~;1,;in"), Nurrh ::enu,.l taxeioY Company t. North Central"), HQIIZDA Coal ~ .
<br />Services, Ina ("Ilarizun"), and Western SyncoalIZ;G("S,yaCgal't)-$asit~formerly openttedthe Golden `' '`''~
<br />Eagle Tvline west of Trinidad, Colorado and was. a su6srdtary of Ent~~ H3sui c-aced operation., ~, I99
<br />and is inactive. Westmoreland is se.•lctng to. dispose of Basta°sassetsati~`abltgations North Centra£
<br />holds th~.land and water rights associatedwit]rt t , "' '` as well -`eitatn eia1~ .
<br />.:rights foccialbed ~ifiane gas tu=5outtlecn~~ '" ~ royals m'~ .
<br />reserves located m:Campbell County:Wyommg`at~tt~.~,~ab~ildlviame ~tiVtiedby Peabod~Eititiezgy:'The
<br />royalty o£'$.10 per ton covers the;~rrttag of2~S 'nut' hQtt;toxus ~ amass myahy amount
<br />$22,500,000. The latest urine plaa"delivete$. w ra March,2003-indicates that. ~~ '
<br />mining of:coal sublect,to the royalty will begm~m:Iaf~2006;~5ynCoal~was-a'synthetxc eo'at production ': `, '
<br />facility located in Colstrip, Montattaandis macttke~Tn 7~anu'20Q3;.,SynCoal°Uraasferred awne;sbip of ~--
<br />~:.
<br />its physical assets to Wesmioreland Power, Inc aizd-then Syr"iCbal was sold,along ~,vtth;its~ititellectual ^::'
<br />property rights and beach demonstraxion eginpmeat iaexetiange tor'assumption of certain liabilities and
<br />obhgatians by the buyer. Ia addt is 20Q_ ~~~-: ~ .then t to dev
<br />Gascoyae, North Dakota iii the a River ~~~," . •~ elop the lignite deposits at
<br />;~:.._::..:~ ti:,m sac
<br />y.:~ _ C(i2~1
<br />INDEPENDENT POWER OPERATIONS,;a~:
<br />Wesdxnreland Energy, T,LC ("WEEiC"}.(~'ptxp
<br />manages iiate;egt,5 il#.il~12C45~vR~Bt71~'IS~Ri41
<br />interosts'in three such powez projects, all of;w i
<br />of the power and a single steam host.,The,~q}~
<br />plants in January and July of eacb,-„~g~g~
<br />additional information concerning WELLCx iota
<br />... . ~r::c;xe:.n- m
<br />WEI,I,C'S independent power projects sell elechictjt;thrt
<br />utilities. There are lhrre types of" ndentpgvueriji~oje
<br />types of useful energy (e.g, e~~,,~~,~and;lh "~"
<br />ri fuel e c small ~wep ~y+pauce
<br />p many (-g., nal};
<br />resources as fuel; and exempt wholesale generatosV
<br />the requirement to sell themial.Veiiergy;_p - -
<br />invested is cogeneration projects~and in projects, d
<br />ind dent ower ro eat are,. a to ~~'~"'
<br />P P j ng-term contract forth
<br />fuel supply, a suitable site, required permits and projrct. S
<br />long-term coatracct for the Sale of the steam 9r other
<br />cogeneration can be substantial.l_>~aiia~, "„`
<br />energy is segtrendally used to produce~~.-~ ~'~~}t~
<br />processes. Electricity is sold to utilities aad;,n,~~g
<br />including large industrial,facilitie~StiSegtl .
<br />sold to commercial enuerprises an~ep '
<br />plants in the chemical, procesi-iug, petrvlCUmra n.nv; foe
<br />industries. , ., _! ~_.iririri~ ,~
<br />WeshnorelandPawer,btc. (" ~~,,,„,fo~.,.,,., t,,..;yy,tl
<br />and to pursue new independeniwevelgp~~>p
<br />that it had submitted a proposal to develop„Q~,~ o~{a~te;
<br />new starve-of--the-art 500 MW ligpiter&erdpQ - <
<br />Lignite vision 21('ZV-2i~', ~ "' '"
<br />~1?~ ~< ..
<br />' ~:r~it:~~aaii j~vter! f it~i
<br />httpJ/www.sec.gov/Arcbives/edgarldara/106455/00.0010645
<br />L0 39Gd Wf11Cl WIf Y
<br />abr~~,, .-;.
<br />uprel<aadEnergy, Inc:),owns and
<br />..~.~
<br />!~# v~ftus=Sttbs%draries; currently has
<br />iaL Each project has a single purchaser .
<br />dSa,reeeiye-disti-iburionc from ib 12pVA
<br />~ggec~l~ated lainaacial.Statements for
<br />project operational statistics.... .
<br />ong-term power sales contracts to
<br />ageueration pojects avhich provide two
<br />~teatn): se~gventially lirom a single
<br />paste, biomass or other renewable
<br />rhich provide electrical energy without
<br />stzlupes as fuel sources: WLLLC has
<br />~. p'or WELLC, the key elements of an
<br />of electricity, long-term contracts for the
<br />ag. Cogeneration projects require another
<br />srgX,; The economic benefits of -
<br />~g,eiectricity, a significant portion of the
<br />~e.water (thermal energy) for industrial
<br />sa to end-users of electrical power,
<br />~~', from the cogeneration plant is
<br />.,,.ustria`L~'users oftbermal energy include
<br />aessing, phantiaoeutical, pulp and paper
<br />Fn,,.,-,:.', ...
<br />,., ..,.
<br />~igxjgh#s from Knife River Corporation
<br />ary-28.2001, the Compatry announced
<br />;iher independently or in partnership, a
<br />yne„North Dakota in connection with
<br />~e3ignite, deposits at Gascoyne from
<br />'y'lit"l'. ..' i~. .
<br />~iti~;.l'~,~ ,,,,..
<br />03000050/wcc 10k02.htm 11I7P1406
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