Moody’s: U.S. utility sector coal consumption could fall more than 30% in 2020

S&P Global Market Intelligence ($): Moody’s Investors Service expects “very weak” second-quarter earnings in the U.S. coal sector because of falling electricity demand amid the coronavirus pandemic, saying it sees 2020 coal consumption by power utilities shrinking more than 30%. “The U.S. coal industry has weakened after taking the brunt of lower electricity demand and […]