Fergie's Tech Blog

Mother Earth Tech: American Electric Power to Pay Unprecedented $4.6B Environmental Fine

An AP newswire article, via MSNBC, reports that:

One of the nation’s largest power generators has agreed to end a years-long federal lawsuit by paying $4.6 billion to reduce pollution that has eaten away at Northeast mountain ranges and national landmarks, The Associated Press has learned.

The settlement requires American Electric Power, based in Columbus, Ohio, to reduce chemical emissions that cause acid rain by at least 69 percent over the next decade.

It also fines AEP an additional $15 million in civil penalties and another $60 million in cleanup and mitigation costs to help heal parkland and waterways that have been hurt by the pollution.

posted by Fergie @ 10/08/2007 06:03:00 PM