Duke Energy estimates coal ash cleanup at $2B-$2.5B

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

Duke Energy's (DUK) North Carolina President Paul Newton tells an environmental commission that plans outlined by the utility to address coal ash in the state are estimated to cost $2B-$2.5B.

Newton says DUK's plans include excavating and relocating ash from company sites to a lined landfill, and converting three remaining coal units to dry-fly ash systems; costs would increase significantly, however, if DUK were to excavate and remove all ash from coal sites.

DUK says it is taking "full responsibility" for the February incident in which as much as 39K tons of coal ash were spilled into the Dan River.