Enbridge Inc. says the spill of at least 800,000 of oil into the Kalamazoo River system near Marshall cost the pipeline company $550 million in 2010.
The figure, which comes from the Enbridge annual report, excludes insurance recoveries, fines and penalties, according to The Kalamazoo Gazette.
The pipeline stretches from Griffith, Ind., to Sarnia, Ontario. A portion of the pipeline ruptured last July near Marshall in southwestern Michigan, contaminating about 25 miles of Talmadge Creek and the Kalamazoo River.
Public officials said they don’t know when the Kalamazoo River will reopen for public use as the cleanup continues. Oil flow through the 286-mile-long pipeline resumed in September.
Was this article valuable?
Here are more articles you may enjoy.
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 
Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare 
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
