Duke Energy (NYSE: DUK) released an update Wednesday regarding the company's future plans for its coal ash basins.
The utility said they are working with the state of North Carolina, the North Carolina General Assembly and the North Carolina Utilities Commission on developing and implementing long-term solutions for ash basins as quickly and as safely as possible for every site, including analysis of trade-offs, risks and costs.
The company is also working with an independent, third-party engineering company to complete assessments for all the ash basins. Assessments are expected to be finalized by May 31.
After securing the necessary permits, Duke will move ash at three retired plants, accelerate closure of an additional basin, convert to dry ash handling at all remaining facilities in North Carolina and begin dewatering the other retired basins.
On March 12, Duke officials sent a letter to state Gov. McCrory and the North Carolina Department of Environmental and Natural Resources saying it is pursuing landfill and storage solutions and converting to all dry fly ash handling.