Patriot Bankruptcy Plan Opposed by Two States

Ohio and Pennsylvania regulators say Patriot Coal’s reorganization plan doesn’t adequately address the company’s obligations to clean up mine pollution. Both states opposed the plan’s approval in separate motions filed this week in U.S. Bankruptcy Court in Richmond, Virginia. Both motions want Patriot to address environmental obligations, make necessary repairs, and reclaim land following mining operations. Scott Depot, West Virginia-based Patriot Coal filed for Chapter 11 bankruptcy protection on May 12.