District Court enters $366M AVX settlement

BOSTON – The U.S. District Court for the District of Massachusetts entered a $366.25 million settlement with AVX Corp. that will expedite the cleanup of polychlorinated biphenyl contamination from New Bedford Harbor and achieve cleanup goals within seven years, rather than 40 years under current funding levels. More

To continue reading this article, please do one of the following.



law

District Court enters $366M AVX settlement

Posted 9/30/13

BOSTON – The U.S. District Court for the District of Massachusetts entered a $366.25 million settlement with AVX Corp. that will expedite the cleanup of polychlorinated biphenyl contamination from New Bedford Harbor and achieve cleanup goals within seven years, rather than 40 years under current funding levels.

The settlement will be paid to provide more than 90 percent of estimated funding needed to complete the PCB cleanup at the New Bedford Harbor Superfund site. The cleanup includes dredging the PCB sediments and disposing of them at a mix of confined disposal facilities on-site, confined aquatic facilities on the harbor floor, and at off-site facilities.

Prior to the settlement’s approval, EPA has been performing the remedy with close to $15 million of funding per year, including $1.5 million in cost-sharing funds provided by the Mass. Department of Environmental Protection. PCBs are suspected carcinogens and have other adverse human health and ecological impacts.

The 18,000-acre New Bedford Harbor Superfund site extends from the Acushnet River estuary, through New Bedford commercial harbor, and into 17,000 acres of Buzzards Bay. •

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    Save the date - August 14th - at the Providence Marriott for the 3rd annual Heal ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement