Coal companies will have to post higher reclamation bonds for surface mines under an emergency rule filed by the State Energy and Environment Cabinet. The rule is effective immediately. “The state has been discussing the issue of inadequate bonds for two years with the coal industry, environmentalists and federal officials, and state officials thought the emergency regulation was the best way to move the process forward.”, according to the EEC. Larger bonding requirements will not effect Surety One, Inc.’s, interest in this obligation in Kentucky. The increase shouldn’t be a problem for our larger, well capitalized clients. For our smaller ones, Surety One, Inc., the nation’s leader in environmental surety will continue to offer collateral markets and non-standard options to operators. We will write these for ALL state departments of environmental protection, Railroad Commission of Texas, federal Bureau of Land Management, and all other state agencies. Visit us at www.ReclamationBonds.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com.
