Global

Enbridge boosts spill cost estimate to $550 million

CALGARY, Alberta (Reuters) - Enbridge Energy Partners LP boosted its estimate for the cost of cleaning up a July pipeline spill in Michigan by 28 percent, to $550 million.

The partnership, the U.S. affiliate of Canadian pipeline company Enbridge Inc, said in a regulatory filing on Friday that it raised the estimate from $430 million as it reviewed its spending to date and received additional information on the cost of environmental remediation and restoration of the spill site.

More than 20,000 barrels of oil leaked into a Michigan river system when Enbridge's Line 6B ruptured on July 26, closing the line for nine weeks.

The partnership said it expects most of the costs to be covered under a $650 million insurance policy, but the estimate does not include $13 million in lost revenue.

The revised estimate also does not include any fines or penalties that may be levied because of the spill.

(Reporting by Scott Haggett; editing by Rob Wilson)

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