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ACCRUED CLOSURE COSTS AND ARO
 12 Months Ended
Dec. 31, 2024
Asset Retirement Obligation Disclosure [Abstract]  
ACCRUED CLOSURE COSTS AND ARO

NOTE 11

ACCRUED CLOSURE COSTS AND ARO

 

Accrued closure costs represent our estimated environmental liability to clean up our fixed-based regulated facilities as required by our permits, in the event of closure. Changes to reported closure liabilities (current and long-term) for the years ended December 31, 2024, and 2023, were as follows:

 

Amounts in thousands    
Balance as of December 31, 2022  $7,966 
Accretion expense   462 
Spending   (298)
Balance as of December 31, 2023  $8,130 
Accretion expense   433 
Spending   (223)
Balance as of December 31, 2024  $8,340 

 

As of December 31, 2024, and 2023, the current portion of the closure liabilities totaled approximately $50,000 and $79,000, respectively, which reflect closure liabilities for our EWOC facility. The spending made in each of the years 2024 and 2023 was primarily for our EWOC facility.

 

The reported closure asset or ARO, is reported as a component of “Net Property and equipment” in the Consolidated Balance Sheets as of December 31, 2024, and 2023 with the following activity for the years ended December 31, 2024, and 2023:

 

Amounts in thousands    
Balance as of December 31, 2022  $4,101 
Amortization of closure and post-closure asset   (878)
Balance as of December 31, 2023  $3,223 
Amortization of closure and post-closure asset   (202)
Balance as of December 31, 2024  $3,021