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jelrod3
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Active investor for 40 years, now retired. Graduate degree in law (Juris Doctor with Honors); undergraduate degree in business (B.S. in Business Administration)
  • DUK Tagged With $1 Million Fine 0 comments
    Dec 1, 2013 2:52 PM | about stocks: DUK

    Duke Energy will pay $1 Million in fines for killing protected birds with its "wind farm" equipment in Wyoming. 14 eagles and other birds were reportedly killed. The Dept. of Justice brought a criminal case against a Duke subsidiary, who entered a guilty plea to the charges. The news article is here www.nytimes.com/2013/11/23/us/wind-energ....html

    The prevention of bird strikes seems like a well-nigh impossible task. Collecting fines seems like a bit much. This is especially true when one considers the number of birds killed by aircraft each year. In 2003, the U.S. Air Force reported 4300 bird strikes, and there were 5,900 bird strikes in the civil aviation sector. 80% of strikes go unreported. See en.wikipedia.org/wiki/Bird_strike

    Has the DOJ found a new source of revenue that has gone unnoticed for years? It seems that no good deed goes unpunished.

    Disclosure: I am long DUK.

    Stocks: DUK
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