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Enbridge predicting $62M in fines in connection with oil spill

FILE - In this July 29, 2010 file photo, a worker monitors the water in Talmadge Creek in Marshall Township, Mich., near the Kalamazoo River as oil from a ruptured pipeline, owned by Enbridge Inc, is vacuumed out the water. The U.S. Department of Transportation wants to expand rules for pipelines carrying oil, gasoline and other hazardous liquids inspections requirements to include rural areas that are currently exempt, and for companies to more closely analyze the results of their inspections.
FILE - In this July 29, 2010 file photo, a worker monitors the water in Talmadge Creek in Marshall Township, Mich., near the Kalamazoo River as oil from a ruptured pipeline, owned by Enbridge Inc, is vacuumed out the water. The U.S. Department of Transportation wants to expand rules for pipelines carrying oil, gasoline and other hazardous liquids inspections requirements to include rural areas that are currently exempt, and for companies to more closely analyze the results of their inspections. (AP Photo/Paul Sancya, File)

MARSHALL, Mich. – A pipeline company says it expects $62 million in fines and penalties related to a 2010 Michigan oil spill.

In a filing Monday with the Securities and Exchange Commission, Enbridge says $55 million represents penalties under federal water law. The Alberta-based company says no final fine or penalty has been ordered yet as negotiations continue with the U.S. government.

READ MORE: Enbridge, Michigan reach settlement over 2010 oil spill

Enbridge says about 20,000 barrels of oil spilled into the Kalamazoo River system, near Marshall, from a ruptured line in 2010.

Enbridge says total costs from the disaster are pegged at $1.2 billion. The company says most of the costs are covered by insurance.

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