Environmental & Energy,
Bankruptcy
Oct. 28, 2020
Recycling plant cleanup may cost state $650M after owner’s bankruptcy
State Auditor Elaine Howle said the state agency in charge of the cleanup failed to budget the labor costs and signed deals that made the state — not the contractors carrying out the work — responsible for cost overruns.
After the outrage came the price tag. Days after a bankruptcy court in Delaware allowed Exide Technologies to abandon its battery recycling plant outside Los Angeles, the California state auditor reported cleaning up the area could cost the state $650 million.
"The cleanup project is likely to cost hundreds of millions of dollars more than the state has provided DTSC [Department of Toxic Substances Control] to date," State Auditor El...
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