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Phew. No ‘Material’ Effect Expected From Dan River Coal Ash Spill, Says Company.


by Bill Chameides | April 18th, 2014
posted by Erica Rowell (Editor)

Permalink | Comments Off on Phew. No ‘Material’ Effect Expected From Dan River Coal Ash Spill, Says Company.
Dan River Coal Ash Spill
On February 2, 2014, a stormwater pipe beneath a coal ash pond at Duke Energy’s shuttered Dan River steam station in North Carolina broke, sending an estimated 30,000-39,000 tons of coal ash into the Dan River. (Avner Vengosh)

Duke Energy’s cleanup costs for the Dan River coal ash spill?

Not expected to be “material,” Duke Energy reported in its latest (and short) 8-K security filing with the Securities and Exchange Commission. (More here and here.)

In other words, the damage the Dan River disaster has done to the local community notwithstanding, Duke Energy’s do-nothing gamble about safely disposing of coal ash remains an economic winner for investors. And therein lies a problem.

Read more on the broader problem of coal ash disposal and its regulation (or lack thereof) here, here and here.

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