This ruling combined with China looking to import more coal...

This ruling combined with China looking to import more coal because what they dig up is inferior, hence more expensive) to coal imported from outside China bodes well for CPL.

Court strikes down EPA rule on coal pollution.

A U.S. appeals court on Tuesday overturned a key Obama administration rule to reduce harmful emissions from coal-burning power plants, sparking a rally in coal company shares and relief among utility firms.

The U.S. Court of Appeals for the D.C. Circuit said that the Environmental Protection Agency had exceeded its mandate with the rule, which was to limit sulfur dioxide and nitrogen oxide emissions from power plants.

The agency is endangering a fragile economic recovery by saddling U.S. industries with costly new rules, Republicans say.

"The Obama-EPA continues to demonstrate that it will stop at nothing in its determination to kill coal," said Republican Senator James Inhofe, one of the Senate's most vocal EPA opponents. "With so much economic pain in store, it is fortunate that EPA was sent back to the drawing board."

Power groups, which had argued that they could not meet the timeframe or bear the financial burden of installing costly new equipment, welcomed the court's decision. The EPA had estimated it would cost $800 million annually from 2014.

"The court was clear in finding that EPA had overstepped its legal authority in developing the rule," said Scott Segal, director of the Electric Reliability Coordinating Council.

Coal company stocks, which have suffered this year as cheap natural gas undercut demand for coal from power companies, soared.