Duke of Coal
Duke Energy just proposed a $76 million initiative for EV charging in North Carolina, but the utility company will have to shell out a lot more than that to excavate coal ash from all of its power plant sites in the state.
The company was ordered to do so on Monday, the Associated Press reports. Six coal-burning plants in North Carolina are affected by the decision, following the previous ordered excavation of eight other plants.
“The science points us clearly to excavation as the only way to protect public health and the environment,” state Department of Environmental Quality Secretary Michael Regan said.
In 2014, Duke Energy estimated it could cost $7 billion to $10 billion and take up to 30 years to complete the work at 14 plants in the state. A sizable chunk of that money — up to $778 million out of the first $5 billion — can be passed onto ratepayers.