Duke Energy Corp., (DUK) announced that it will spend about $85 million to significantly reduce harmful air pollution at an Indiana power plant and pay a $1.75 million civil penalty, under a settlement to resolve violations of federal clean air laws, the Justice Department and the U.S. Environmental Protection Agency. The settlement also requires Duke to spend $6.25 million on environmental mitigation projects.
The agreement, filed in federal court in Indianapolis, resolves violations of the Clean Air Act's new source review requirements found at the company's Gallagher coal-fired power plant in New Albany, Ind., located directly across the Ohio River from Louisville, Ky.
The settlement is anticipated to reduce sulfur dioxide emissions at the Gallagher plant by almost 35,000 tons per year, an 86% reduction when compared to 2008 emissions. This is equivalent to the emissions from 500 thousand heavy duty semi trucks, which is more than all the trucks registered in Indiana, Illinois, Kentucky, and Ohio combined. Sulfur Dioxide harms the environment and human health.
The settlement also requires that Duke spend $6.25 million on environmental mitigation projects, including $250 thousand for the U.S. Forest Service to address acid rain in downwind national forests, $5 million for one or more other projects such as conversion to hydro generation or hybrid vehicle fleets and $1 million for environmental mitigation projects will be allocated among the states that joined the settlement.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.