LITTLE ROCK, AR- The Arkansas Attorney General has issued a Consumer Alert regarding the proposal from ExxonMobil that has been sent to property owners affected by the Mayflower oil spill.
The 38-page document proposes either purchasing affected homes or providing some compensation as a result of the company's Pegasus pipeline rupture and spill.
The complex proposal offers a variety of options for property owners within the Northwoods subdivision.
The proposal provides no compensation for others directly affected by the spill, including those who live near the "cove" area of Lake Conway.
Attorney General Dustin McDaniel says he has reviewed the full proposal, and he issued the consumer alert today to share with affected homeowners and others his thoughts on the document, which he said fails to include provisions for fair compensation to all impacted property owners.
In addition, McDaniel reminded Arkansas consumers that he has created a Mayflower Consumer Response task force within his office to assist Arkansans with any concerns they may have related to the March 29 oil spill.
Consumers may call the office at (800) 482-8982 or email OilSpill@ArkansasAG.gov.
As to Exxon's "Property Purchase and Price Protection Program," McDaniel said the proposal is too restrictive and it also unfairly addresses the impact of the spill on residents near the cove, as well as tenants of rented property.
McDaniel said the plan also fails to contemplate "For Sale by Owner" situations and is lacking in the amount Exxon sets aside to offer residents who retain counsel to review the complex plan.