Representative Matters

Parsons engineered the bankruptcy asset buyout of Cloud Peak Energy Company by its client, NTEC. The purchase makes NTEC the third-largest coal producer in the United States.

The new NTEC venture includes the Antelope and Cordero Rojo mines, which are the third- and fifth-largest coal mines in the U.S., as well as the Spring Creek mine. NTEC is a wholly-owned LLC of the Navajo Nation. The team includes Bruce H. White and Michael R. Brown, who provide strategic guidance on the bankruptcy and corporate structure aspects of the transaction, Kevin W. Johnson, who is handling anti-trust and mining issues, Shane L. Hanna, who is managing many of the core corporate transactional matters. The transaction is anticipated to close during October 2019.