RALEIGH, N.C. — 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 proposed settlement would shift an estimated $1.1 billion in expenses away from customers over the next decade to the nation’s largest electric utility and its shareholders.
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.
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