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COAL ASH SPILL
TVA picks up $42 million toward cleanup costs stemming from coal ash spill in 2008
Reported by: Associated Press
Reported: Tuesday, October 15, 2013 5:01 AM EDT
About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the Kingston Fossil Plant.
The arbitration award is the first of three pending cases between TVA and its insurers over the Kingston ash spill.
The Chattanooga Times Free Press reported that TVA now has collected $92 million from property and casualty insurance companies.
Information from: Chattanooga Times Free Press, http://www.timesfreepress.com