PERIOD ENDED DECEMBER 31, 2003 Annual ... - Peabody Energy

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Peabody, Energy & the EnvironmentPeabody is the world’s largest coal company. Coalis the fastest growing fuel in the world. And coalis affordable and environmentally friendly, throughDevelopment. He was a member of the Energy andTransportation Task Force for the President’s Councilon Sustainable Development for the Clinton/GoreSouthern Indiana farmer Monte Watts and his son, Bradon, inspect a field of corn on reclaimed lands at the Farmersburg Mine. Techniquesfor establishing premier crops are being studied in Indiana cornfields through cooperation with the Indiana Division of Natural Resourcesand Peabody’s Black Beauty operations. The five-year study is assessing techniques for soil handling that will ultimately improve crop yields.Peabody’s success in restoring farmland has been recognized by numerous excellence in reclamation awards.advancements in coal mining and coal use.Administration. He is Chairman of the Center for EnergyPeabody operations continue to be recognized fortribal initiatives on Native American lands in ArizonaPeabody’s long-standing mission is to be a worldwidesupplier of low-cost energy, which contributes to economicprosperity and a better quality of life. This missionis reflected both through our strategies and our largerpractices regarding energy and the environment.and Economic Development and Co-Chairman of theCoal-Based Generation Stakeholders Group. He is alsoCo-Chairman of the National Mining Association’sHealth Care Reform Committee.Peabody was pleased to be named “Coal Companyinnovative approaches to stewardship that restore superiorrangeland, magnificent wildlife preserves, sturdy hardwoodforests and pristine wetlands.Peabody continues to lead the nation in reclamationexcellence, earning more than 30 awards for environmen-and the Director’s Award for outstanding resultsreclaiming wetlands in Indiana. Peabody has earnedthe Director’s Award for four consecutive years.Peabody’s 2003 environmental awards include:Peabody operates with an approach that is consistentwith sustainable development, balancing the needs ofindividuals with the need for a strong economy, a cleanof the Year” at the Platts and Business Week 2003Global Energy Awards, rewarding the company’sleadership in the areas of advanced technologies,tal and community stewardship over the past five years.In 2003, Peabody earned four major awards forcommunity and environmental stewardship at the■ “Gold” Good Neighbor Award –U.S. Department of the Interior; Black Mesaand Kayenta Mines, Arizonaenvironment and a secure nation.productivity, innovative market/technology strategy,U.S. Department of the Interior’s 26th Excellence in■ Director’s Award – U.S. Department of theThese principles guide actions at the highest levelsof Peabody. Chairman and Chief Executive Officershareholder value and commercial success.Peabody’s mission statement says, “When the miningSurface Coal Mining Reclamation Awards ceremonyconducted in Washington, D.C.Interior; Deer Ridge Mine, Indiana■ National Award – Excellence in MiningIrl Engelhardt serves as the Co-Chairman of the Nationalis complete, we will leave the land in a condition equalHonors include the first “Gold” Good Neighbor Award& Reclamation, U.S. Department of the Interior;Mining Association’s Committee on Sustainableto or better than we found it.”for developing a host of environmental, economic andSquaw Creek Mine, Indiana2223
Peabody earned fourmajor awards from theU.S. Department ofthe Interior in 2003,including the prestigiousDirector’s Award for thefourth consecutive year.Reclamation SpecialistBill Gunn inspects awardwinningresults at theDeer Ridge Mine inIndiana, which earned thetop honor for establishingwetlands throughout1,800 acres of reclaimedwildlife habitat, hardwoodforest and prime farmland.■ National Award – Excellence in Mining& Reclamation, U.S. Department of the Interior;Caballo Mine, Wyoming■ Mined Land Reclamation Award –Illinois Department of Natural Resources;Marissa Mine, IllinoisIn 2003, Peabody reclaimed nearly 6,000 acresof land, planted nearly a half million trees, andprovided more than $50 million to a federal fundto reclaim abandoned mine lands.Peabody’s strong energy and environmental credentialsextend to coal use. Our coal products fuelapproximately 9.8 percent of electricity generationin the United States and nearly 2.5 percent in theworld, and our low sulfur coal sales have more thantripled since 1990.Peabody also provides leadership in developingtechnologies that offer a roadmap to a near-zeroemission coal-fueled power plant of the future,including state-of-the-art generation, coal gasification,hydrogen research and carbon sequestration.■ Peabody’s planned Thoroughbred Energy Campusand Prairie State Energy Campus will providelow-cost electricity to help satisfy America’s growingneeds for electricity while improving our energyindependence. The projects will be among thecleanest major coal-fueled plants in America,removing more than 98 percent of sulfur dioxideand more than 80 percent of nitrogen oxide emissions,while providing on-site facilities to advanceenergy and environmental research.■ Peabody is a long-term sponsor of the PowerSystems Development Facility, an advanced coalgasification development project supported by theU.S. Department of Energy and operated bySouthern Company.■ Peabody is a member of an industry alliance todevelop the FutureGen power plant of the future.Through the FutureGen project, the U.S. Departmentof Energy is seeking to develop a demonstrationplant with near-zero emissions that produceshydrogen to fuel cars and produce electricity whilesequestering the carbon dioxide in undergroundoil, gas and coal seams.Peabody’s Coal Reserves Compare Favorably With Other Vast Resource PositionsBillion Barrels of Oil EquivalentTOTAL OIL & GAS RESERVES IN TEXAS15.6NATURAL GAS RESERVES IN CONTINENTAL UNITED STATESPROVEN OIL & GAS RESERVES OF THE LARGEST ENERGY COMPANY26.928.0PEABODY‘S PROVEN & PROBABLE COAL RESERVES 30.5Peabody’s 9.2 billion tons of coal reserves equal 30.3 billion barrels of oil equivalent. This amount is greaterthan the natural gas reserves in the Continental United States, the coal reserves in Canada, the oil and gas reservesof the largest companies in the world, and the total oil and gas reserves in Texas.Source: Company filings, BP Statistical Review of World Energy; Oil & Gas Journal.2425
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PERIOD ENDED DECEMBER 31, 2003 Annual ... - Peabody Energy

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