A group of Duke investors push to out directors
About 39,000 tons of ash spilled Feb. 2 from a pond at a shuttered coal-fired power plant near Eden, N.C., triggering investigations and subpoenas. The incident, the third-largest coal-ash spill in the U.S., coated 70 miles of the Dan River, according to the letter.
Shares of Duke Energy, the predominant utility serving Greater Cincinnati and Northern Kentucky, have become the worst performer on the 13-company Standard & Poor’s 500 Electric Utility Index since the spill became public. Shares closed Tuesday at $72.81, up 74 cents on the day.
A federal grand jury is probing North Carolina’s oversight of the company’s 33 coal-ash ponds in that state. Gov. Pat McCrory, a former Duke employee, has asked the company to remove coal from riverbanks to prevent a recurrence.
The state regulator, the Department of Environmental and Natural Resources, last month cited Duke for violating pollution permits when it pumped 61 million gallons of coal-ash pond wastewater into a tributary of the Cape Fear River. The state is also seeking to revive lawsuits filed last year over pollution from ponds at two plants. Duke has denied the permit violations.
Yep, another example of capitalists improving the land and water! Though in this case some investors are responding, which should please the Occupiers :lol:
Umm. . . Ton? It's false dichotomy. Sorry.
Edited to add:
You're usually spot-on, so I checked. It's false dichotomy OR false dilemma, both acceptable. That's better.
Yes, many names for it, which is unhelpful!