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Stock Market & Financial Investment News

News Breaks
February 4, 2014
05:30 EDTDUKDuke Energy provides update on Dan River steam station ash basin release
Duke Energy engineers have had some success stemming the flow from an ash pond at Dan River Steam Station. A temporary plug periodically mitigated the leakage into the Dan River throughout the day, and a team of experts continues to work on a solution to completely stop the release. Latest calculations by the company estimate 50,000 to 82,000 tons of ash has been released to the river as a result of a break in a 48-inch stormwater pipe at the power plant. This volume of ash would fill between 20 and 32 Olympic-size swimming pools. The company is also estimating between 24M-27M gallons of basin water has reached the river. The release is visible several miles downstream and crews continue to track and monitor it. Downstream municipal water supplies remain unaffected. As reported earlier today, the ash basin dam along the river has not been affected and remains secure. Some erosion has occurred on the interior side of the berm farthest from the river, and engineers continue working on a plan to stabilize that area. The basin was already at a lower level prior to this event since the coal plant retired in 2012 and has not produced coal ash since then. The primary basin is about 27 surface acres. The N.C. Department of Environment and Natural Resources performed a site inspection, and Duke Energy continues to work with the local and state officials responding to this event.
News For DUK From The Last 14 Days
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April 17, 2014
17:19 EDTDUKDuke Energy unit says incurred about $15M in costs from Dan River ash release
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April 15, 2014
07:57 EDTDUKDuke board may face contentious meeting with directors targeted, FT says
California’s state pension fund and New York City’s retirement system jointly wrote to fellow shareholders urging them to withhold support for members of Duke Energy’s regulatory policy and oversight committee at the company’s upcoming shareholder meeting on May 1, citing the company's environmental record and poor relationship with regulators, said Financial Times. Reference Link
April 14, 2014
13:46 EDTDUKNYC Pension Funds, CalPERS vote against four Duke Energy directors
NYC Pension Funds and CalPERS announced that they will vote against four director nominees to Duke Energy's board for what the funds said was a failure to, "fulfill their obligations of risk oversight as members of a committee overseeing health, safety, and environmental compliance at the company." The funds cite the February coal ash spill into the Dan River in North Carolina, and said that they held a call to discuss concerns with management, and that their request to speak with the board was not passed on.
April 10, 2014
07:02 EDTDUKDuke Energy EPS, dividend growth could accelerate 2016-2018, says Bernstein
Bernstein believes that Duke Energy's EPS and dividend growth could accelerate from 2016-2018. The firm raised its price target on the stock to $78 from $77 but keeps a Market Perform rating on the shares.

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