Welcome to Cloud Peak Energy

Cloud Peak Energy Inc. (OTC:CLDP) was formerly one of the largest U.S. coal producers and the only pure-play Powder River Basin (PRB) coal company. As of December 31, 2018, the Company owned and operated three surface coal mines in the PRB: the Antelope and Cordero Rojo mines in Wyoming, and the Spring Creek Mine in Montana. On May 10, 2019, the Company and substantially all of its wholly owned domestic subsidiaries (collectively, the Debtors) filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. On October 24, 2019, pursuant to an Asset Purchase Agreement dated August 19, 2019, Navajo Transitional Energy Company, LLC (NTEC) acquired substantially all of the Debtors’ operating assets. In connection with the closing of the sale, the Company terminated substantially all of its employees, and NTEC made offers of employment to substantially all of the terminated employees. Following the sale, the Company retained certain non-mining assets.

On October 4, 2019, the Debtors filed with the Bankruptcy Court the Joint Chapter 11 Plan of Cloud Peak Energy Inc. and Certain of its Debtor Affiliates, which was amended on October 14 and revised on October 22 (as amended and revised, the Plan). The Company anticipates seeking confirmation of the Plan, as may be further amended and supplemented, at a hearing to be held with the Bankruptcy Court on December 5, 2019.