The latest settlement would reduce coal ash costs included in the pending rate requests by 60%, which Duke Energy believes will provide immediate customer savings if approved.
“This settlement affirms that the current closure strategy remains prudent and in the best interests of customers and communities in the Carolinas,” read a statement from Duke Energy.
Most of the remaining expenditures are expected to occur over the next 15-20 years.
The Utilities Commission still needs to make a final decision on Monday s proposed rate requests and the proposed settlement agreement.
In January 2020, Duke Energy signed an agreement to close its remaining nine coal ash basins in the state.
Dive Brief:
Duke Energy announced a settlement with the North Carolina Attorney General, North Carolina Utilities Commission Public Staff and the Sierra Club on Monday that could resolve how the utility will pay to clean up its coal ash.
The proposed settlement, filed with the North Carolina Utilities Commission (NCUC) on Monday, details how the utility will allocate the costs of its coal ash clean up, and will reduce expenses by about $1.1 billion over the next 10 years, compared to the previous plan. It will also allow the utility to earn a return on equity off the cost of the cleanup, but at a lower rate than it had originally proposed.
Duke Energy : In Settlement Deal Over Coal-Ash Costs in North Carolina marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Dogwood Health Trust announces new board members
Staff Reports
Dogwood Health Trust has announced the addition of three members to its Board of Directors. The board has confirmed Rear Admiral (ret.) Richard Houck (Transylvania County), Fred Jones (Macon County), and Bishop José McLoughlin (Henderson County), as new members. John Ball, M. D., J.D., rotated off the board, as his term ended in 2020.
“There is a wealth of talented leadership in Western North Carolina from which to select our directors, and these three are all great examples,” said Dogwood Health Trust Board Chair Janice Brumit. “Each of them brings a great deal of community knowledge, innovative thought, and demonstrated service to their roles, and we are delighted to welcome them to Dogwood’s board. We have no doubt that they will eagerly and effectively live into our purpose of dramatically improving the health and well-being of all people and communities in Western North Carolina.”