Created: 12/27/2013 6:13 PM WHEC.com
By: Associated Press
General Electric Co. says a study requested by New York state Comptroller Thomas DiNapoli shows no need to expand dredging underway in a portion of the upper Hudson River contaminated with PCBs.
GE says Friday the scientific and legal analysis shows wildlife is thriving there and any concern about the company getting hit with future liabilities for environmental damage is speculative. GE released the PCBs into the river decades ago.
DiNapoli had asked for the review in a shareholder resolution as trustee of the state pension system. He withdrew the resolution after Fairfield-Conn.-based GE agreed to the study this year.
GE just completed a fourth season of dredging as part of a federal Superfund project.
A DiNapoli spokesman says his office will review the report and the potential effect on shareholders.