WRITING POLITICAL HUMOR

Pres Bush: “Coal is America's most abundant energy resource. It accounts for more than one-half of our electricity production. The challenge is to develop ways to take advantage of our coal resources while keeping our air clean.

When I ran for President in 2000, I promised to invest -- or asked the Congress to invest $2 billion over 10 years to promote clean coal technology. So far, working with the United States Congress, we've provided more than $1.3 billion for research in the innovative ways to improve today's coal plants and to help us build even cleaner coal plants in the future. And the bill I sign today authorizes new funding for clean coal technology so we can move closer to our goal of building the world's first zero emission coal-fired power plant. (Applause.)”

http://www.accuracy.org/newsrelease.php?articleId=429

http://www.mindfully.org/Energy/Coal-Scores-Bush.htm

http://www.motherjones.com/commentary/columns/2004/01/01_203.html

“Coal: Alternative Energy's Best Bet”

http://www.forbes.com/investmentnewsletters/2005/07/07/arch-coal-headwaters-energy-cx_bp_0707soapbox_inl.html

The industry

www.americancoalcouncil.org/events/scf05program.doc

American Coal Council

Spring Coal Forum 2005

COAL’S RENAISSANCE

PROSPECTS FOR REGENERATING COAL GENERATION

May 18-20, 2005 ¨ Scottsdale Plaza Resort ¨ Scottsdale, Arizona

EVENT SPONSOR: SNL Energy

PROGRAM SPONSOR: CSX Transportation

ASSOCIATE SPONSOR: Kennecott Energy

Conference Overview

“Coal’s Renaissance: Prospects for Regenerating Coal Generation” is the theme of the 2005 Spring Coal Forum (SCF’05) to be hosted by the American Coal Council, May 18-20 in Scottsdale, Arizona. This year’s theme reflects the agenda’s focus on the resurgent interest in coal generation and the marketplace and public policy issues that will affect future demand for coal in North America.

The event serves as a forum for senior industry executives from companies that produce, supply, transport, ship, trade and consume coal. The program examines critical business and public policy issues that are impacting utility-coal markets and the industries that help power America. It also explores unique issues associated with eastern and western U.S. markets and operations. The program features presentations from coal suppliers, utilities, railroads and energy traders, along with industry-wide perspectives from leading consultants.

SCF’05 is hosted by the more than 140 member companies of the American Coal Council (ACC), which is dedicated to advancing the development and utilization of American coal as an economic, abundant and environmentally sound fuel source.

The Forum features senior level executive perspectives on the future of the American utility-coal industry. Confirmed keynote speakers include:

Ø Terry Coleman, Chairman & CEO

CAM Holdings LLC (Central Appalachia Mining)

Ø James R. Young, President & COO

Union Pacific Railroad

Ø John F. Barry III, Chairman & CEO

Prospect Energy Corporation

Ø John R. Tellmann, President

Foundation Coal Sales

Ø W. Douglas Buttrey, Vice Chairman

Surface Transportation Board

Spring Coal Forum 2005 - Page Two

Conference Overview (continued)

The 2005 Spring Coal Forum program focuses on critical issues and their implications for future coal-based generation. Topics to be addressed include:

Ø New Coal Generation & Coal Demand Prospects

Ø Coal Supply Outlook

Ø Natural Gas & LNG Market Assessment

Ø Advancing Coal Generation: State Initiatives

Ø Public Policy & Environmental Management

Ø Mercury & Multi-Emissions Compliance

Ø Clean Coal Technologies: An Economic & Performance Assessment

Ø Getting Baseload Generation On-line: Regulatory & Financial Considerations

Ø The Emissions Allowances, Scrubber Technology & Fuel Choice Nexus

Ø Economic Benefits of CCP Utilization

Ø Transportation: Insights into the STB

Ø Partnerships: The New Business Dynamic

Numerous social and educational activities are planned to enhance one-on-one networking opportunities.

Ø A pre-conference Seminar is planned on Capturing Emerging U.S. Opportunities for Coal: Changing Coal’s Color to $Green$. The seminar is presented by Platts Analytics & Forecasting.

Ø Conference attendees can participate in a pre-conference golf tournament, to be hosted at the championship McCormick Ranch Golf Course’s Palm Course, designed by Desmond Muirhead. The ninth hole of the Palm Course was chosen by Golf Illustrated as “one of the USA’s top 18 water holes."

Ø Value-added breakfast roundtable sessions address specific issues of interest to eastern- and western-based market participants.

Ø Various exhibit and sponsorship opportunities are also available.

Spring Coal Forum 2005 - Page Three

Conference Objectives

Ø Provide a forum for coal suppliers, consumers, traders and transporters to discuss issues of mutual and critical importance to the development and utilization of coal.

Ø Showcase coal production, consumption, transportation and risk management capabilities.

Ø Advance the professional education needs of utility-coal industry executives.

Ø Enhance business opportunities for Conference participants through programs and activities that foster communication and networking.

Conference Format

Wednesday, May 18^th

8:00-11:30 a.m. Pre-Conference Seminar

12:30-5:30 p.m. Golf Tournament

6:00-8:00 p.m. Welcoming Reception

Thursday, May 19^th

7:00-8:15 a.m. Eastern Markets Roundtable Breakfast

8:15 a.m.-4:00 p.m. Conference Sessions

12:15-1:45 Luncheon Keynote

4:30-5:30 p.m. ACC Spring Membership Meeting

5:30-7:30 p.m. Reception

Friday, May 20^th

7:00-8:15 a.m. Western Markets Roundtable Breakfast

8:30 a.m.-Noon Conference Sessions

Attendees

SCF’05 is expected to attract approximately 175-200 senior level executives from the coal supply, utility, financial market, transportation and port/terminal sectors of the U.S. and Canadian coal industries. Past attendees have included representatives from the following disciplines: