Peabody Energy wires $1.8M in back taxes to Routt County to resolve dispute

DENVER BUSINESS JOURNAL - Peabody Energy Corp. has wired the funds to cover $1.8 million in back property taxes owed to Routt County.

The payment has long been delayed due to the St. Louis-based coal company's Chapter 11 bankruptcy, which Peabody filed for last April.

Peabody owns the Twentymile coal mine in Routt County, one of Colorado's largest.

Peabody had tried to pay back Routt County a large chunk of its debt in August, but County Treasurer Brita Horn returned the checks because she said it was $92,000 short, and therefore she could not accept the payment.

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