| | Business Summary | | Westmoreland
Coal
Company
is
engaged
in
the
production
and
sale
of
coal,
the
development,
management
and
ownership
of
interests
in
cogeneration
and
other
non-regulated
independent
power
plants,
and
the
leasing
of
capacity
at
Dominion
Terminal
Associates,
a
coal
storage
and
vessel
loading
facility.
Westmoreland
Resources,
Inc.
(WRI),
owned
80%
by
the
Company
and
20%
by
Washington
Group
International,
operates
one
large
surface
mine
on
approximately
15,000
acres
of
subbituminous
coal
reserves
in
the
Powder
River
Basin.
Westmoreland
Energy,
Inc.
(WEI)
owns
and
manages
interests
in
seven
independent
power
projects.
The
Company,
through
Dominion
Terminal
Associates,
leases
ground
storage
space
and
vessel-loading
capacity
and
facilities
to
others,
and
provides
related
support
services. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | WLB
engages
in
the
production
and
sale
of
coal,
owns
interests
in
power
plants,
and
leases
a
coal
storage
and
vessel
loading
facility.
For
the
six
months
ended
6/30/01,
revenues
totaled
$69.7
million,
up
from
$27.2
million.
Net
loss
applicable
to
Common
fell
26%
to
$4
million.
Revenues
reflect
the
contribution
from
recent
acquisitions.
Lower
loss
was
partially
offset
by
increased
coal
costs
and
the
expenses
for
long
term
performance
compensation
plan. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Christopher Seglem, 54
Chairman,
CEO an Pres | $851K | -- | Robert Jaeger, 52
Sr.
VP of Fin. and Treasurer | 297K | $2.5K | W. Michael Lepchitz, 46
VP,
Gen. Counsel, Assistant Sec. | 262K | -- | Edward Demeter, 60
Pres,
Westmoreland Coal Sales Company, Westmoreland Technicial Services inc and Westmore Termin | 140K | -- | Gregory Woods, 47
VP,
Eastern Operations; Exec. VP,Westmoreland energy inc | 188K | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/w/wlb.gif)