East Texas Electric Cooperative

A ruling by the US Court of Appeals in Washington is being called a victory for the coal industry, and a major blow to the Obama administration’s efforts to improve air quality.

Stocks were up nearly two percent Tuesday after Argan, Inc (NYSE AMEX: AGX) announced that its subsidiary Gemma Power Systems (GPS) had been awarded a contract to build a biomass-fired power plant for East Texas Electric Cooperative Inc.

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