TVA customers paying for Kingston ash spill
Published: February 2,2011
The nation’s largest public utility plans for its nine million customers to continue paying the cleanup cost that is projected to total up to $1.2 billion until 2024.
TVA is continuing a cleanup of about 5.4 million cubic yards of ash that spilled in a breach of a pond dam in Dec. 2008.
TVA spokesman Scott Brooks said the cleanup rate increase is generating about $73 million annually and was a board decision in the budget that took effect in Oct. 2009.
Brooks also said any payouts from spill-related lawsuits could possibly add costs, but some of the cleanup cost might be recoverable from insurance.
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