Wednesday, December 23, 2009

Duke Energy to pay big bucks for pollution problem

Posted By on Wed, Dec 23, 2009 at 11:46 AM

Just like momma says: You make the mess, you clean it up.

From The Wall Street Journal:

Duke Energy Corp. (DUK) will spend $93 million to resolve violations of federal emissions rules at a coal-fired power plant it owns in Indiana, federal officials said Tuesday.

Under the settlement, Duke needs to either convert unit one and three at the plants to natural gas or shut them down. As for two additional units at the plant, the utility must install new pollution controls to reduce emission of sulfur dioxide.

Read the entire U.S. Environmental Protection Agency's press release here. Here's a snippet:

Duke Energy, one of the largest electric power companies in the nation, will spend approximately $85 million to significantly reduce harmful air pollution at an Indiana power plant and pay a $1.75 million civil penalty, under a settlement to resolve violations of federal clean air laws, the Justice Department and the U.S. Environmental Protection Agency (EPA) announced today. The settlement also requires Duke to spend $6.25 million on environmental mitigation projects.

The settlement is anticipated to reduce sulfur dioxide emissions at the Gallagher Plant by almost 35,000 tons per year, an 86 percent reduction when compared to 2008 emissions. This is equivalent to the emissions from 500,000 heavy duty semi trucks, which is more than all of the trucks registered in Indiana, Illinois, Kentucky, and Ohio combined. Sulfur dioxide harms the environment and human health.

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