MARSHALL, Mich. (WOOD) - Enbridge, Inc. has new estimates about how much the 2010 spill that dumped about a million gallons of crude oil into the Kalamazoo River will cost it.
In a quarterly filing with the U.S. Securities and Exchance Commission, Enbridge updated the amount it expects to pay for the spill.
Enbridge said it now estimates the cost of the spill will be $785 million, taking into account a recent federal fine of nearly $4 million and the continued cleanup of the river.
So far, the Canada-based company has paid $644.1 million on the spill and cleanup.
The company has $650 million in insurance, of which it has collected $335 million. Insurance will not be enough to cover all of Enbridge's costs.
Enbridge is also upping the estimated cost to replace 75 miles worth of the 6B pipeline by $31 million to a total of $317 million.