Duke: Coal ash spill won't affect bottom line

Apr. 17, 2014 @ 06:20 PM

CHARLOTTE — Duke Energy is telling shareholders that costs resulting from its massive coal ash spill into the Dan River won't have a material effect on the $50 billion company's bottom line.

The nation's largest electric company said in a regulatory filing Thursday that it had spent $15 million so far on plugging the collapsed pipe at its Eden power plant that triggered a Feb. 2 spill and polluted 70 miles of the Dan River with toxic sludge. The company has also begun the process of trying to dredge some ash from the river.

Duke said it can't yet assess what costs may result from new laws affecting how the company handles the ash at its 33 coal ash dumps in North Carolina, or from future legal claims and litigation.