Duke Energy, Environmentalists Strike Deal over California Plant Tom Knudson May. 16, 2001 Knight Ridder Tribune Business News - KRTBN Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World Reporter (TM) Days after state regulators gave Duke Energy the go-ahead to expand its Moss Landing Power Plant near Monterey Bay last fall, documents show four environmental groups made their own deal with the utility giant. The four signed an agreement not to "participate in any lawsuit (or) regulatory challenge" that might slow or stop the project in exchange for a financial concession: $1 million from Duke for environmental "monitoring and research." Balancing power generation and environmental protection always has been difficult. But today, as power-starved California scrambles to find and permit new energy sources, some fear the Moss Landing agreement shows that money can sway even environmentalists -- and tip the scales too far in favor
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Wonder if its off the balance sheet?