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Utah official who helped arrange loan to ship coal through California resigns

Utah official who helped arrange loan to ship coal through California resigns

A Utah official who quietly helped arrange a $53-million loan using public money so that coal-producing counties in his state could export coal to Asia through a terminal planned for San Franciso Bay has resigned his position as head of the Utah Transportation Commission.

Jeffrey Holt, who served as chairman of the commission for seven years, announced his resignation at the end of a commission meeting Friday and told those present it was effective immediately.

Holt, a native of Utah who works in the private sector as an investment banker with the Bank of Montreal, said at the meeting that he was resigning because his employer had transferred him to New...

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