AEP To Pay $4.6 Billion In Record Clean Air Settlement

In a record settlement, American Electric Power has agreed to cut 813,000 tons of air pollutants annually at an estimated cost of more than $4.6 billion, pay a $15 million penalty, and spend $60 million on projects to mitigate the effects of its past excess emissions.

This is the largest settlement (consent decree) in terms of the value of injunctive relief, and will result in the largest...

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