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Duke Energy Agrees to Shoulder More Ash Cleanup Costs

  • North Carolina AG Josh Stein, the Public Staff of the North Carolina Utilities Commission, and the Sierra Club reached a settlement with Duke Energy resolving a challenge to a 2017 Utilities Commission order granting Duke Energy’s request to limit its liability for the cost of cleaning up coal ash.
  • Under the terms of the 2017 order, Duke Energy was liable for a one-time $100 million environmental penalty and was allowed to pass on the remainder of the costs to its consumers in the form of monthly fees.
  • Under the terms of the settlement, which is expected to save consumers $1.1 billion in monthly fees by 2030, Duke Energy agreed to write off $755 million in existing and future coal ash costs for retail consumers, and to reduce its return on equity for cleanup costs, among other things.