UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant To Section 13 or 15 (d) Of the Securities Exchange Act Of 1934

Date of Report (Date of earliest event reported): October 13, 2006

PRB Energy, Inc.
(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (303) 308-1330

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.    Regulation FD Disclosure.

On October 13, 2006, PRB Energy, Inc. (“the Company”) announced that its Board of Directors authorized the repurchase of up to 10%, or approximately 750,000 shares, of the Company’s outstanding common stock.  The stock repurchase authorization is effective immediately and continues through the end of 2006.  The repurchases will be made from time to time in open market or in negotiated transactions in such amounts as determined in the discretion of the Company’s management and will be funded out of working capital.

Item 9.01.    Financial Statements and Exhibits.

(d)      EXHIBITS

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

October 19, 2006

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