Proposed Action: Financial Responsibility Requirements Under CERCLA Section 108(b) For Classes of Facilities in the Electric Power Industry
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On July 2, 2019, EPA Administrator Andrew Wheeler signed a proposed rule to not impose financial responsibility requirements for Electric Power Generation, Transmission, and Distribution facilities (electric power industry).
EPA has found that the degree and duration of risk to the Superfund posed by the electric power industry does not warrant financial responsibility requirements under Section 108(b) of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, or Superfund), as modern industry practices and existing federal and state regulations are effective at preventing risk. The proposal is based on EPA’s interpretation of the statute and its analysis of the record developed for the proposed rulemaking, both of which are described in the Federal Register notice.
As required by CERCLA Section 108(b), the proposal assesses the need for financial responsibility requirements for the electric power industry consistent with the degree and duration of risk associated with the production, transportation, treatment, storage, or disposal of hazardous substances.
The comment period is closed. EPA accepted comments on the proposal in a 60-day public comment period, which was open through September 27, 2019. EPA is under a court-ordered deadline to issue the final rule by December 2, 2020.
Section 108(b) of the Comprehensive Environmental Response, Compensation, and Liability Act, also known as Superfund, provides EPA certain regulatory authorities concerning financial responsibility requirements. It addresses the promulgation of regulations that require classes of facilities to establish and maintain evidence of financial responsibility consistent with the degree and duration of risk associated with the production, transportation, treatment, storage, or disposal of hazardous substances.
In addition to the electric power industry proposal, the Agency is working toward court-ordered deadlines for rulemakings addressing CERCLA 108(b) financial responsibility for two additional industries: Chemical Manufacturing and Petroleum and Coal Products Manufacturing.
For more information, visit Superfund Financial Responsbility.