Michigan Oil Spill Bill Estimate up to $400M
Enbridge Energy Partners estimates cleanup and other costs from a massive oil spill from a Michigan pipeline could be $300 million to $400 million.
The company made the estimate in a filing this week with the U.S. Securities and Exchange Commission.
The charges include the emergency response, cleanup costs, repairs, claims by third parties, lost revenue and other items. It excludes possible fines and penalties.
Insurance is expected to cover most of the cost. The company’s net charges could be $35 million to $45 million, excluding fines.
An estimated 820,000 to more than 1 million gallons of oil spilled near the Kalamazoo River in Marshall on July 26.
The pipeline runs from Griffith, Ind., to Sarnia, Ontario.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
Popular This Month
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme