Duke Energy In Settlement Deal Over Coal-Ash Costs in North Carolina
By Micah Maidenberg
Duke Energy Corp. said it has reached a deal with state
regulators and the Sierra Club to address coal-ash management
expenses in North Carolina.
The utility company, which has been closing down basins that
hold residual waste from coal used to generate power, said Monday
the proposed agreement lays out a plan for managing costs between
2015 and 2030.
Under the deal, Duke would reduce customers' costs in North
Carolina by $1.1 billion over that timeframe while maintaining its
ability to earn returns, the company said.
The agreement is between the North Carolina Attorney General,
regulators, the Sierra Club and Duke Energy, the company said. The
proposed settlement will be filed with the North Carolina Utilities
Write to Micah Maidenberg at email@example.com
(END) Dow Jones Newswires
January 25, 2021 07:38 ET (12:38 GMT)
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