Notice of Lodging of Settlement Agreement in Re Continental Airlines, Inc. Under the Comprehensive Environmental Response, Compensation, and Liability Act

[Federal Register Volume 64, Number 142 (Monday, July 26, 1999)]
[Notices]
[Pages 40390-40391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-19009]


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DEPARTMENT OF JUSTICE


Notice of Lodging of Settlement Agreement in Re Continental 
Airlines, Inc. Under the Comprehensive Environmental Response, 
Compensation, and Liability Act

    Notice is hereby given that a Settlement Agreement (``Agreement'') 
in In re Continental Airlines, Inc., et al., Nos. 90-932 through 984. 
(Bankr. D. Del.,), has been entered into by the United States on behalf 
of U.S. EPA and Continental Airlines, Inc. and certain of its 
subsidiaries (collectively the ``Debtors'') and was lodged with the 
United States Bankruptcy Court for the United States Bankruptcy Court 
for the District of Delaware on June 30, 1999. The Agreement relates to 
liabilities under the Comprehensive Environmental Response, 
Compensation and Liability Act (``CERCLA''), 42 U.S.C. 9601 et seq. The 
Agreement resolves CERCLA claims against the Debtors for the following 
six hazardous waste sites, denominated as ``Liquidated Sites'' under 
the Agreement: The Operating Industries, Inc. Site in Monterey Park, 
CA; the Lowry Landfill Site in Denver, CO; the Rocky Flats Industrial 
Park Site in Jefferson County, CO; the Chemical Handling Corp. Site in 
Broomfield, CO; the Omega Chemical Corp. Site in Whittier, CA; and the 
Environmental Pacific Corp. Site in Amity, OR.

[[Page 40391]]

    Under the Agreement, Continental has agreed to allowed general 
unsecured claims in the total amount of $1,290,000 and allowed claims 
to be paid in full as administrative expense claims in the total amount 
of $229,084.37 as specified in the Agreement. The Agreement also 
contains provisions pertaining to the treatment of Debtor-Owned Sites 
and Additional Sites.
    The Department of Justice will receive comments relating to the 
proposed Agreement for 30 days following the publication of this 
Notice. Comments should be addressed to the Assistant Attorney General 
of the Environment and Natural Resources Division, Department of 
Justice, Washington, DC 20530, and should refer to In re Continental 
Airlines, Inc., D.J. Ref. No. 90-11-2-1231.
    The proposed Agreement may be examined at the Office of the United 
States Attorney for the District of Delaware, 1201 Market Street, Suite 
1100, Chemical Bank Plaza, Wilmington, DE 19899-2046; the United States 
Environmental Protection Agency, 401 M Street, SW, Washington, DC 
20460; and at the Consent Decree Library, 1120 G Street, NW, 3rd Floor, 
Washington, DC 20005 (202-624-0892). A copy of the proposed Agreement 
may be obtained in person or by mail from the Consent Decree Library, 
1120 G Street, NW, 3rd Floor, Washington, DC 20005. In requesting a 
copy of the proposed Amended Settlement Agreement, please enclose a 
check in the amount of $6.75 (25 cents per page for reproduction 
costs), payable to the Consent Decree Library.
Joel M. Gross,
Section Chief, Environmental Enforcement Section, Environment and 
Natural Resources Division.
[FR Doc. 99-19009 Filed 7-23-99; 8:45 am]
BILLING CODE 4410-15-M