New Bedford Harbor. Photo courtesy/NOAA Restoration Center, NE Region A former New Bedford manufacturing company has agreed to pay more than $366 million—the largest cash settlement in the history of the federal Superfund program—to clean up the PCB-laden New Bedford Harbor within 7 years.

The South Carolina-based AVX Corp., whose predecessor, Aerovox Corp., operated an electrical capacitor plant on the harbor for more than 3 decades until the 1970s, agreed to the cash settlement to accelerate dredging of the harbor. PCBs are considered a probable human carcinogen.

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