Duke Energy Faces $171 Million In Penalties This Week

Mar 12, 2015

Credit Waterkeeper Alliance

    

This week, Duke Energy has paid $171 million to shareholders and the state of North Carolina.

The first bill was for $146 million to settle a lawsuit that claimed the company misled shareholders when it agreed to a merger with Progress Energy in 2012. The other $25 million was a fine from the state for spilling coal ash at a power plant in Wilmington.

Meanwhile, the conversation continues about how to dispose of the coal ash sitting at 14 sites across the state.

Guest host Phoebe Judge gets an update from WUNC environment reporter Dave DeWitt.