A Tale of Two Power Co.s

Faced with EPA regulations on power plant emissions (namely New Source Review, which requires the installation of modern pollution-controls whenever a plant makes significant upgrades), some companies like Duke Energy, apparently betting on a more favorable regulatory climate under the Bush administration, chose to oppose the agency in court. Others, like Dominion Power took a different path. Seeing regulations as inevitable in the long run, the took the money they would have wasted on legal bills and put it into pollution control devices. So, not only do shareholders win, so does anyone who, um, breathes. NPR reports.