Deal requires Duke Energy to excavate 80M tons of coal ash from six sites

Regulators in North Carolina have won a nearly complete victory in their battle with Duke Energy Corp. over cleaning up coal-ash contamination with a blockbuster settlement announced Thursday.

Charlotte-based Duke (NYSE: DUK) has agreed to excavate almost all of the ash at its current and former coal plants and rebury it in lined landfills. The deal essentially ratified an April 1 order by the N.C. Department of Environmental Quality, which Duke has fought since it was issued, to excavate all its…

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