Moody’s Sees “Significant” Drops In Powder River Basin Coal Production

Moody’s Sees “Significant” Drops In Powder River Basin Coal Production

Moody's Sees Coal production in the Powder River Basin (PRB) could decline significantly in 2020, but by how much remains to be seen, according to a report by Moody’s Investors Services. “It’s very much an evolving story,” said Ben Nelson, one of the authors of the report and vice president and senior credit officer for Moody’s. The report alludes to projections from the U.S. Energy Information Administration (EIA), in which the federal agency forecasts production the western U.S. region, which includes the PRB, will decline from 418 million short tons in 2018 to 364 million tons in 2019 and 339 million tons in 2020.