BUSINESS
03/20/2011 10:22 am ET Updated May 25, 2011

U.S. Coal Companies Already Profiting On Rising Nuclear Fears

NEW YORK -- U.S. coal companies are poised to benefit from a move away from nuclear energy because of concerns raised by the severe crisis at reactors in Japan.

More coal from the Appalachian mountains in the eastern U.S. will be routed to European power plants to replace an electricity shortfall in Germany, which this week issued a three-month ban on operations at seven old nuclear reactors. Germany's move is part of a broad backlash against nuclear power after last week's earthquake and tsunami crippled Japan's Fukushima Daiichi nuclear facility, where spent fuel is emitting radiation.

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