WASHINGTON COUNTY, Pa. — As part of the effort to separate their coal business and natural gas business, Washington County-based Consol Energy has announced that the company may sell or spin off the coal side as early as this year.
Consol reported a fourth-quarter loss of $306 million, which was down from a profit of about $34 million. At the same time, the company reported that the average sales prices that Consol got for its natural gas went up.
A spokesman issued the following statement Tuesday to Channel 11 News:
Channel 11 News also reached out to the United Mine Workers of America. A spokesperson said the labor union did not have a comment because all of Consol’s current employees are non-union workers. He said their mines with union workers were sold to Murray Energy several years ago.