for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Westlaw News

IN BRIEF: Duke Energy to pay $1.1 bln in NC coal ash settlement

Duke Energy on Monday announced it has agreed with the attorney general of North Carolina to pay $1.1 billion to clean up coal ash produced by its coal-fired power plants in the state, in a victory for the attorney general who had opposed the utility charging its retail customers for some of the remediation.

In a proposed settlement to be filed with the North Carolina Utilities Commission (NCUC) on Monday, Duke agrees to assume $1.1 billion of 2015 to 2030 costs for closing coal-ash basins and undertaking other coal-ash cleanup efforts, rather than charge its customers through rate increases for the cleanup activities.

To read the full story on Westlaw Today, click here: bit.ly/2YfCmEq

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up