[CPEO-BIF] Delphi bankruptcy plan worries Michigan regulators

[Lenny Siegel <lennysiegel@gmail.com>]

Delphi bankruptcy plan worries Michigan
Department of Environmental Quality

Eric English
Saginaw News (MI)
July 18, 2009

It's not just retirees, investors and workers worried about how Delphi 
Corp.'s plan to emerge from bankruptcy will play out.

The state Department of Environmental Quality is concerned the plan 
might leave Michigan on the hook to clean up pollution on the company's 
property. That includes contamination at three Delphi sites in
Saginaw County.

Delphi's plan to emerge from bankruptcy could win federal court approval 
as soon as this week.

The DEQ has filed a "limited" objection in New York federal bankruptcy 
court asserting that General Motors Co. remains liable for contamination 
at Delphi properties. GM once owned Delphi and will acquire Delphi 
Saginaw Steering Systems again under the bankruptcy plan.

...

For the entire article, see
http://www.mlive.com/business/mid-michigan/index.ssf/2009/07/delphi_bankruptcy_plan_worries.html

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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