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Asset Realization
12 Months Ended
Dec. 31, 2015
Asset Realization [Abstract]  
Asset Realization

(3)  Asset Realization

 

The Carlisle assets had an aggregate carrying value of $139 million at December 31, 2015. Considering the modifications to our coal contracts and the reduction in force as discussed in the MD&A section, we conducted review of those assets for recoverability, and determined that no impairment charge was necessary. In conducting such review, we assumed (i) that natgas prices will start to increase in late 2017; (ii) Carlisle production will increase in 2018-2019, and (iii) sometime in 2020, the Carlisle Mine will return to its normal production capacity of 3.3 million tons per year. If, in later quarters, we reduce our estimate of the future net cash flows attributable to the Carlisle Mine, it may result in future impairment of such assets and such charges would be significant.