AEP Settles Acid Rain Case For Record $4.6B

Law360, New York (October 9, 2007, 12:00 AM EDT) -- After an eight-year legal battle, American Electric Power Corp. on Tuesday agreed to a record $4.6 billion settlement of an environmental lawsuit that accused it of spreading acid rain and smog across over a dozen states.

The deal, currently the single largest environmental enforcement settlement in United States history, will force the company to reduce smokestack pollution that allegedly drifted across the Northeast, degrading the environment and contributing to various health problems.

AEP has agreed to cut 813,000 tons of air pollutants annually from 16 plants...
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