Cheney bill on federal coal leasing goes before House
WASHINGTON – Wyoming’s coal industry has rebounded from the dire circumstances of a year ago, when its three largest companies were in bankruptcy and stockpiles of coal still sat idle at power plants and mine sites across the country.
Those companies have since restructured, wiping away billions in debt in the process. And the overstock of coal has largely burned down.
Wyoming companies, energy experts and environmentalists agree that a new normal has set in for coal in Wyoming, where companies are operating at lower costs and producing less coal with fewer miners. It is a time for tightening belts and operating efficiently, not expanding.