Shaw said in a letter late Tuesday to the Senate Committee on Commerce, Science and Transportation that while the company has total accrued charges of almost $400 million for the derailment, that amount doesn't include expected costs for funds tied to falling property values, long term health care or water treatment.Shaw said the company was "undertaking these efforts and expenses without any judicial or investigatory finding of fault.
Later Wednesday, the Senate committee will debate broad, new rail safety legislation in response to the wreck in Ohio and other derailments that followed. Among measures under consideration are requiring at least two crew members aboard each train, something the industry has been fighting against; an increase in the maximum penalty for violating rail safety rules, from $100,000 to $10 million; and requiring the use of defect detection technology that could prevent derailments like the one in East Palestine.
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