Duke Energy Investors Take Coal Ash Suit To Del. High Court

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Duke Energy Investors Take Coal Ash Suit To Del. High Court

Investors of Duke Energy want to revive the legal case at Delaware Supreme Court to hold Duke Energy accountable for the environmental damages.

Up to 82,000 tons of toxic coal ash spilled into N.C. river

(Credit: Duke Energy)

Coal ash is a hazardous by-product of burning coal to produce power.

In February 2014, Duke Energy was spotted to have spilled up to 82,000 ton of Coal Ash into N.C.'s Dan River due to a broken pipeline. The Danvill City's water official shortly released a statement that the water from the city water treatment facility met the water quality standards of the city, while the coal ash was visible in the river.

A group of Duke Energy Corp. stockholders Tuesday asked the Delaware Supreme Court to revive their claims against the company’s board of directors, saying the evidence shows the board cost the company $102 million by deliberately flouting environmental laws.

In rejecting the investors' arguments that the directors exposed Duke Energy to millions of dollars in environmental damage liability by working with North Carolina’s Department of Environmental Quality to avoid cleaning up a coal ash dump site that spilled into a nearby waterway in 2014, the Chancery.

See more: Law360

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