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Multnomah County previews ordinance to require fuel-hub operators to post financial assurances
Summary
County staff and neighbors urged a draft ordinance to require financial assurance from operators at the Critical Energy Infrastructure (CEI) Hub to cover cleanup, response and public costs after a catastrophic spill; staff said the draft aligns with state seismic rules and is open for public comment.
Commissioner Myron on Thursday introduced a draft financial responsibility ordinance that would require operators of large storage facilities in Multnomah County—s Critical Energy Infrastructure (CEI) Hub to show evidence of financial assurance for cleanup and public costs in the event of a spill or release.
The measure, presented at a board briefing, would apply to facilities with 2,000,000 gallons or more of storage capacity and would scale the required assurances based on a facility—s total capacity and its progress implementing the state—s Seismic Tank Stability Program. John Boschinski, the county—s sustainability director, said the draft allows operators to demonstrate assurance through insurance, a trust, a bond or a letter of credit and proposed administration of the program in the Office of Sustainability with one FTE and…
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