Is the Minnesota Public Utilities Commission (PUC) being a) hoodwinked, b) hornswaggled, or c) bamboozled by Enbridge, or all of the above?
At the center of the bamboozle is Enbridge’s pledge to provide a “Decommissioning Trust Fund.” It would be a financial reserve to pay for the removal and/or clean up of the newly approved Line 3 once it has outlived its useful purpose.
It’s a little understood proposal — because it’s only been around for a week. After years of debate over Line 3, Enbridge made a last-minute pitch of deal sweeteners to try to woo PUC approval. (Along with the Decommissioning Trust Fund, Enbridge promised to include a Parental Guaranty for Environmental Damages; Landowner Choice Program (for removing old pipeline); Neutral Footprint Program; and General Liability and Environmental Impairment Liability Insurance.)
The problem is, these proposals came in after the contested case hearing was done and the record closed. Line 3 opponents had no chance to review or comment on these proposals. At the time of the PUC vote, Enbridge’s Trust Fund proposal was thin. The PUC told Enbridge to submit more details and on July 16, Enbridge filed its Decommissioning Trust Fund Proposal. The Minnesota Department of Commerce responded days later, seeking significant changes in what appears to be a complicated and inadequate plan.
Continue reading →