Coal Ash Wednesday: Insurance companies say “Nope” on paying for cleanup

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One big reason Duke Energy is trying to make us pay:

Dozens of insurance companies say they’re not obligated to help pay for Duke Energy Corp.’s multi-billion dollar coal ash cleanup because the nation’s largest electric company long knew about but did nothing to reduce the threat of potentially toxic pollutants.

The claim is in a filing by lawyers for nearly 30 international and domestic insurance companies that were sued by Duke Energy in March to force them to cover part of the utility’s coal ash cleanup costs in the Carolinas.

In a perfect world, the NC Utilities Commission would be keeping a close eye on this civil case, and if the defendants prove their case that Duke Energy was at fault and should be responsible for shouldering the costs of cleaning up their coal ash, the NCUC would deny Duke’s rate increase request on the same grounds. And if Duke Energy won against the insurance companies and they were forced to pay, then there would be no need to jack up our rates. But we don’t live in that perfect world, and Duke Energy is notorious for being able to conceal the big picture when they want something. Here’s more:



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