Southern Co., Edison International and rival power companies won a legal fight with the Environmental Protection Agency, gaining more time and leeway to cut pollution from burning coal. The bigger challenges from cheap natural gas may make it a muted victory.
Holly Schean didn’t know what was on the other side of the hill near her parents’ home in Kingston, Tennessee. At 1 a.m. on Dec. 22, 2008, she found out. The earth split and toxic coal ash surged across a finger of the Emory River.
Amaranth Advisors LLC, the hedge fund that lost $6.6 billion in September 2006, sued Paul Touradji and his employees, seeking at least $350 million for claims including breach of contract and misappropriation of trade secrets.