After a court decision of $ 4.6
billion against his company; American Electric Power, based in Columbus, Ohio Michael Morris, AEP's chairman, president and CEO, said:
“This settlement is an excellent outcome for our shareholders, it eliminates the potentially significant financial risk of pursuing the litigation to its conclusion while still achieving the environmental improvements that both we and the government want."The company lost the case it had been fighting for 8 years against the EPA for spreading acid rain over the Northeast.
http://www.usatoday.com/news/washington/environment/2007-10-09-acid-rain_N.htm
