AV's Intern Team | October 11, 2017 | 1 Comment
The Murray Energy Corp. is in danger of bankruptcy if the federal government does not intervene to save their customer FirstEnergy Corp. The disclosure comes from a letter written by founder and CEO Robert Murray to the White House and was revealed by the Associated Press. Murray Energy sells approximately 65 million tons of fossil fuels a year to power plants operated by companies including FirstEnergy. If FirstEnergy announces bankruptcy and closes their plants as expected, Murray Energy could go bankrupt by the end of the year. — Otto Solberg
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