Water & Wastewater Newsletter
June 17, 2010

This Week´s Featured News Stories
BP Establishes $20 Billion Claims Fund for Deepwater Horizon Spill and Outlines Dividend Decisions
Following a meeting with the President of the United States, the BP Board announces an agreed package of measures to meet its obligations as a responsible party arising from the Deepwater Horizon spill.  Agreement was reached to create a $20bn claims fund over the next three and a half years on the following basis: 
  • BP will initially make payments of $3bn in Q3 of 2010 and $2bn in Q4 of 2010. These will be followed by a payment of $1.25bn per quarter until a total of $20bn has been paid in.
  • While the fund is building, BP"s commitments will be assured by the setting ...
AWWA and ASME-ITI issue ANSI standard for managing risk and resilience at water utilities
The American Water Works Association (AWWA) and American Society of Mechanical Engineers Innovative Technologies Institute, LLC (ASME-ITI) announced today the development of the first risk and resilience management standard designed specifically for water utilities.
 
The J100 standard, created in response to 9/11, Hurricane Katrina and other recent disasters, will be released July 1, 2010. The Risk Analysis and Management for Critical Asset Protection (RAMCAP) method is designed to help water and wastewater utilities identify potential threats to U.S. water infrastructure and prepare ...
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