Ironically, right after posting a reply, I ran across this blog post at FT. http://ftalphaville.ft.com/blog/2008/07/03/14283/is-coal-the-stock-markets-canary/ I have been seeing others like it. While it is talking more about coking coal for steel production, some manufactures are getting worried about not being able to pass raw material cost forward. The story is not exactly the same for electricity generation, but concerns are starting to hit the front pages more (yet most are still paying up for the coal).