Enbridge predicts $62M in fines, penalties tied to oil spill

The Associated Press

A pipeline company says it expects $62 million in fines and penalties related to a 2010 Michigan oil spill.

 

MARSHALL, Mich. (AP) — A pipeline company says it expects $62 million in fines and penalties related to a 2010 Michigan oil spill.

In a filing Monday with the Securities and Exchange Commission, Enbridge says $55 million represents penalties under federal water law. The Alberta-based company says no final fine or penalty has been ordered yet as negotiations continue with the U.S. government.

Enbridge says about 20,000 barrels of oil spilled into the Kalamazoo River system, near Marshall, from a ruptured line in 2010.

Enbridge says total costs from the disaster are pegged at $1.2 billion. The company says most of the costs are covered by insurance.

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