Duke Energy, North Carolina officials and a conservation group announced Monday an agreement on how the utility pays to get rid of coal ash stored in the state.
The agreement was announced a month after the state Supreme Court ruled regulators should revisit an order that would have placed nearly all of the expense upon Duke’s 3.4 million electric customers in the state.
Under the settlement, which still must be approved by the North Carolina Utilities Commission, the amounts covered by those customers would be reduced from roughly $4 billion through 2030 to $3 billion, Duke Energy spokeswoman Meredith Archie said.
Stein and these groups had challenged Utilities Commission orders over cleanup costs ultimately issued in 2018.
Charlotte-based Duke Energy, which operates two electric subsidiaries in the state, is working on closing all 31 of its pits or ponds in the state in part by excavating over 120 million tons of coal ash — residue from operating coal-fired power plants for generations.