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Oklahoma Inc.: No. 7 — Alliance Holdings capitalizes on coal

Alliance Holdings GP LP continues to prosper as the owner of one of the nation's leading coal producers.
by Jay F. Marks Published: November 3, 2013
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Coal may be the country's most unpopular fuel source, but that doesn't appear to be hampering Alliance Holdings GP LP.

Alliance is a regular among the state's top companies.

This year, the holding company that owns coal company Alliance Resource Partners LP's assets ranked No. 7 on the Oklahoma Inc. list, buoyed by a 62.5 percent increase in total returns.

CEO Joseph W. Craft III said coal remains an important resource in the U.S., despite regulations seemingly meant to curb its use.

“Low-cost energy has been the driver of the U.S. economy,” he said Oct. 9 at the Governor's Energy Conference in Tulsa. “We're seeing that today all across the globe.”

He said cheap coal is one of the reasons Oklahoma has the fifth-lowest retail electricity price in the United States.

Craft said coal production is expected to reach about 1 billion tons in the United States this year, with about 90 percent of that to be used domestically.

Alliance is the sixth-largest coal producer in the nation, with a footprint primarily in the eastern U.S.

He said domestic utility companies are Alliance's primary customer, noting coal is responsible for about 40 percent of the country's electric generation.

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by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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