SPARKS, NEV., CLEANUP PLAN RELEASED
SPARKS, NEV., CLEANUP PLAN RELEASED LOS ANGELES, July 8 /PRNewswire/ -- Santa Fe Pacific Pipeline
Partners, L.P. (NYSE: SFL) announced today that a detailed study of the solvent/fuel site in the vicinity of the partnership's Sparks, Nev., terminal has defined the boundaries of the underground petroleum plume and confirmed that the volume of fuel contained within the plume is significantly less than initial reports had speculated. The Removal Action Plan ("the Plan"), which is being released today by the U.S. Environmental Protection Agency ("EPA") for public comment, is a joint effort of the companies named in an August 1991 EPA order and details the scope of the problem and specific remediation actions.
Irvin Toole Jr., chairman, president and chief executive officer of the General Partner, stated, "We are pleased with the progress which has been made to date and are encouraged by the results of the study. The EPA has reviewed the site assessment included in the Plan and concurs with the results of extensive technical studies of the plume. These studies show that no contaminants from the plume have been found in drinking water supplies or in surface waters discharged to the Truckee River." The Plan indicates that the underground plume contains approximately 5 million gallons of fuel which is substantially less than speculative estimates made prior to the site assessment. A multi-year effort will be required to complete the cleanup. Toole added, "We are prepared to move forward in a cooperative effort with the other participants to begin remediation activities. The Plan is straightforward -- to prevent any future migration of contaminants from the site and to clean up the underground plume." The costs of remediation will be shared by the Partnership and other responsible parties operating near the remediation site. Upon final approval of the Plan by the EPA, following the public comment period which will end on Aug. 7, the Partnership anticipates that sufficient information will be available to record a provision for future remediation costs. Based on the Plan made public today, the Partnership does not anticipate that its share of remediation costs will have a material adverse effect on the Partnership's financial condition. Santa Fe Pacific Pipelines is one of the 10 companies named in the EPA order issued in August 1991 as potentially responsible parties. Other named companies are Berry-Hinkley Terminal Inc. of Sparks; BP Oil Company of Cleveland; Chevron U.S.A. Inc. of San Francisco; Golden Gate Petroleum Co. of Orinda, Calif.; Shell Oil Company of Houston; Southern Pacific Transportation Co. of San Francisco; Texaco Refining and Marketing Inc. of Houston; Time Oil Co. of Seattle; and Unocal Corp. of Los Angeles. -0- 7/8/92 /CONTACT: Thomas L. Lambert of Santa Fe Pacific Pipeline Partners, L.P., 213-486-7766/ (SFL) CO: Santa Fe Pacific Pipeline Partners L.P. ST: California IN: OIL SU: CH-AL -- LA019 -- 7442 07/08/92 13:16 EDT
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|Date:||Jul 8, 1992|
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