$15M fine for Edenville Dam owner proposed by federal regulators
Updated Jan 27, 2021;
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BAY CITY, MI Federal regulators want to levy a $15 million civil fine against the operator of a failed hydroelectric dam that unleashed flooding in mid-Michigan last spring, but creditors and a bankruptcy case trustee are pushing back, arguing such a large penalty would upend proceedings and jeopardize a settlement fund for flood victims.
Mark H. Shapiro, a Southfield attorney who is trustee in the Boyce Hydro bankruptcy case, warned the Federal Energy Regulatory Commission (FERC) earlier this month that imposing such a penalty against the beleaguered dam operator would “wreak havoc” on its plan to exit bankruptcy and pay off creditors and victims of the May 2020 flood.