Enbridge says cost of cleaning up Kalamazoo River oil spill near $1-billion

8:16 pm
Thu March 21, 2013

Enbridge says cost of cleaning up Kalamazoo River oil spill near $1-billion

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EPA ordered additional clean up last week of area near Marshall where pipeline burst in 2010
Last week's dredging order by the U.S. Environmental Protection Agency will push Enbridge's cleanup costs for the July 2010 spill close to $1 billion, the company said Wednesday. Enbridge Energy Partners LP said in a filing with the Securities and Exchange Commission that the EPA order will cost the company $175 million and "financial statement recognition for this incident will cause increased volatility in the Partnership's results of operations and cash flows."