Duke CEO: Customers should pay ash pond costs

Here’s an excerpt from the Charlotte Observer story:

Duke Energy expects its 3.2 million North Carolina customers to pay the costs of closing its ash ponds, CEO Lynn Good said Friday.

Duke is preparing a response to Gov. Pat McCrory’s request last week that his former employer supply options, costs and other details for dealing with its ash ponds by March 15.

McCrory’s demand added to the pressure on Duke, after a disastrous spill last month on the Dan River, to move millions of tons of ash away from water supplies such as Charlotte’s Mountain Island Lake.

Duke is making it just as clear that closing its ponds will be an expense – likely to run into the hundreds of millions of dollars – that customers should pay. Duke has said the company and its stockholders will pay the costs of cleaning up the Dan River.

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About Jake Frankel
Jake Frankel is an award-winning journalist who enjoys covering a wide range of topics, from politics and government to business, education and entertainment.

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