Discontinued Operations

9 Months Ended

Sep. 30, 2011

Discontinued Operations

17.    Discontinued Operations

Prior to June 2010, we indirectly owned partner interests in Penn Virginia Resource Partners, L.P. (“PVR”), a publicly traded limited partnership formed by us in 2001. Our ownership interests in PVR were held principally through our general and limited partner interests in PVG. During June 2010, we disposed of our remaining ownership interests in PVG and, indirectly, our interests in PVR.

Income from discontinued operations represents the results of operations of PVG, which include the results of operations of PVR. Previously, the results of operations of PVG and PVR were presented as our coal and natural resource management and natural gas midstream segments. The table below reflects the results of operations of PVG for the periods presented.

	Nine Months Ended September 30,
	2011		2010
Revenues	$	-	$	303,206
Income from discontinued operations before taxes	$	-	$	36,832
Income tax expense 1		-		(3,350	)
Income from discontinued operations, net of taxes	$	-	$	33,482

1 Determined by applying the effective tax rate attributable to discontinued operations to the income from discontinued operationsless noncontrolling interests that are fully attributable to PVG's operations.

During the third quarter of 2011, we terminated certain agreements under which PVR provided marketing and gas gathering and processing services to us. We continue to sell gas to PVR for resale at PVR’s Crossroads plant in east Texas.