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USX agrees to cleanup
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August 6, 1998: 1:32 p.m. ET
Steel maker to pay $30M to clean Indiana river under EPA settlement
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NEW YORK (CNNfn) - USX Corp., the nation's largest steel maker, said Thursday it has agreed to pay $30 million to clean up a five-mile stretch of the Grand Calumet River in Gary, Ind.
The deal is part of a $54.9-million settlement with the Environmental Protection Agency and other federal and state authorities. Government authorities had accused USX of illegally discharging waste water contaminated with PCB's, heavy metals, oil and grease, benzene and other polluting substances that kill fish and harm migratory birds.
USX said the Grand Calumet cleanup, which it expected to complete in 2003, involves dredging of the designated stretch of river to remove approximately 700,000 cubic yards of sediments.
The company said it will fund post-cleanup monitoring of the Grand Calumet and will designate certain areas of the land for public recreational use.
"U.S. Steel is gratified that a remediation plan was developed through cooperative negotiation, rather than drawn out litigation," said Paul Wilhelm, president of USX's U.S. Steel Group.
Under terms of the settlement, USX agreed to pay $30 million to clean up the river, $22 million on future pollution abatement at the Gary plant, and a $2.9 million civil penalty as part of two consent agreements to settle the charges.
Shares of USX (X) were up 11/16 at 26-11/16 in midday trading. 
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