U.S. Announces Largest Environmental Settlement in History

American Electric Power (AEP) 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 adverse effects of its past excess emissions. An unprecedented coalition of eight states and 13 citizen groups joined the United States government in the settlement. The agreement imposes caps on emissions of pollutants from 16 plants located in five states...MORE>>