• A storm water pipe under an ash basin at the retired Dan River coal plant failed and released up to 39,000 tons of coal ash into the Dan River on Feb. 2, 2014.

SEC Filing: Duke says it expects to settle criminal probe

Tags: , , , , , , ,

Submitted: Wed, 02/18/2015 - 3:23pm

CHARLOTTE, NC (AP) — Duke Energy says it expects to pay $100 million to settle an ongoing federal criminal investigation that began after a massive coal ash spill at a North Carolina plant.

The details are contained in an earnings report filed Wednesday with the Securities and Exchange Commission.

Duke says the proposed deal could be reached in the next few days.

The US attorney’s office in Raleigh began the investigation after a spill at Duke’s Eden plant coated more than 70 miles of the Dan River in toxic sludge.

US Attorney Thomas Walker has declined to comment. But the extent of records sought by subpoenas in the case suggests that prosecutors are not only looking at the spill, but also at the relationship between Duke and state regulators going back for many years.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Leave a Reply

Be the First to Comment!