Attorney General Josh Stein: Duke Energy Customers to Save Over $1.1 Billion Under New Coal Ash Settlement
Raleigh, NC (STL.News) Attorney General Josh Stein today announced that he, along with the Public Staff of the North Carolina Utilities Commission and the Sierra Club, has entered into a settlement with Duke Energy about paying for coal ash cleanup that will save North Carolina electricity customers more than $1 billion on their utility bills over the next 10 years. This settlement comes as the result of a 2017 challenge the Attorney General, the Public Staff, and the Sierra Club made to a Utilities Commission order that granted Duke Energy’s request that Duke Energy’s customers bear all the cost of cleaning up coal ash beyond a one-time $100 million environmental penalty the Utilities Commission assessed on Duke Energy. Attorney General Stein, the Public Staff, and the Sierra Club appealed that decision to the North Carolina Supreme Court, which issued its decision in December. Today’s settlement applies to cleanup costs incurred from 2015 through 2030.
“Today’s settlement is a win for every Duke Energy customer,” said Attorney General Josh Stein. “I have long held that North Carolinians should not bear the full cost of cleaning up coal ash.