American Ecology Announces Cost Increase, Insurance Settlement

Date: November 30, 2005

Source: News Room

American Ecology Corporation (NASDAQ: ECOL) has announced a $542,000 increase in its estimate for closure and post-closure costs for its non-operating hazardous waste disposal facility near Winona, Texas. The revised cost estimate reflects a monitored natural attenuation plan that the state and company decided on for the site. The company also reported proceeds of $1.3 million from its insurance carrier in partial resolution of a claim on a 2004 fire at its Robstown, Texas hazardous waste facility.
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