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Coal Ash Spills Pose Little Financial Risk, EPA, Firms Say (1)

July 3, 2019, 4:11 PMUpdated: July 3, 2019, 5:19 PM

Coal-powered electric utilities and the EPA agree that future coal ash spills don’t pose enough financial risk to make new regulations necessary, an industry association said July 3.

Under federal Superfund law, the Environmental Protection Agency is required to regulate financial assurances for industries paying to clean up environmental disasters, relevant to the amount of risk tied to the hazardous substances they handle.

The agency proposed July 2 that the electric power industry doesn’t need financial assurance requirements under federal law.

Financial assurances are typically statements by responsible parties, or other financial tools, proving that they have the financial resources ...

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