Southern Coal Gets AEP Contract, Recalls Workers

ROANOKE, Va. (AP) â¿¿ Southern Coal Corp. is recalling several hundred laid-off miners in Kentucky, Virginia and West Virginia and plans to hire 650 new workers.

Roanoke-based Southern Coal announced Tuesday that it has entered into a multiyear contract to supply coal to American Electric Power. The contract will allow it to restart mines idled earlier this year and to save 500 jobs.

Southern Coal is owned by the Justice family, which includes Jim Justice, who also owns The Greenbrier resort. He and his son Jay Justice said in a statement that they hope the announcement makes the holidays "a little better" for those affected.

Kentucky Gov. Steve Beshear, Virginia Gov. Bob McDonnell and West Virginia Gov. Earl Ray Tomblin say the AEP contract is good news for the workers and their states' economies.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Stocks

The Stock Market Has Every Reason to See a Fresh Rally

The Stock Market Has Every Reason to See a Fresh Rally

3 Simple Tips on Investing From TheStreet's Jim Cramer

3 Simple Tips on Investing From TheStreet's Jim Cramer

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Tesla's Supercharger Network Is Booming -- Here's Why That's a Concern

Tesla's Supercharger Network Is Booming -- Here's Why That's a Concern

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly