Consol Energy contemplates total coal, gas split

The NYSE-listed stock of Consol Energy on Tuesday rose 6.6%, following the company’s pre-market announcement that it would separate its coal and natural gas business units into two publicly traded companies. Consol filed a registration statement with the US Securities and Exchange Commission to spin off a public company that would be in charge of the Bailey, Enlow Fork and Harvey coal mines, in south-western Pennsylvania; a coal preparation plant; the Baltimore coal export terminal; and undeveloped reserves in Appalachia and the Illinois basin, as well as other assets and liabilities.