EPA Regional Superfund Director Walter Mugdan:

"We are satisfied that the project we've had General Electric carry out has been a great success. We believe we are achieving the goals of the cleanup plan. We removed about twice as many pounds of PCBs than had been anticipated."

GE Issues Report on Hudson River Project

FAIRFIELD, CT. - December 27, 2013 – General Electric Co. today issued a report on the environmental dredging project the Company is conducting on the Upper Hudson River in New York State.

The Company said its completion of the project — expected in 2016 — will fully resolve its remedial liabilities. Any liability for natural resource damages beyond the cleanup is speculative at best, GE said, because current scientific evidence shows that Hudson River wildlife populations are robust and thriving. Therefore, GE said, it believes no expansion of the dredging project is warranted.

GE has spent more than $1 billion thus far implementing the project selected and overseen by the U.S. Environmental Protection Agency. EPA has said the project is meeting the Agency’s clean-up goals and protects human health and the environment.

The report responds to a request from New York State Comptroller Thomas P. DiNapoli, sole trustee and manager of the New York State public employees’ Common Retirement Fund.

To read the report click here.