POINTS TO KEEP IN MIND 1. ABELPRO is only a tool for evaluating settlement offers in the cost recovery process. ABELPRO was developed for use in negotiation not litigation. If you are already in litigation, EPA does not recommend that you unilaterally reduce the cost sought based on the ABELPRO analysis. In addition, arguments about the validity of ABELPRO should be avoided as they will tend to slow down the proceedings. 2. ABELPRO may not be able to determine an amount that an RP is 100% able to pay even when the cleanup cost entered is very low. If this is the case the model is telling you that the RP is probably in bad financial shape regardless of the added burden of a cleanup cost. 3. Because ABELPRO is based on tax return information the results tend to be conservative. Therefore, we would prefer that you didn't input penalties or costs of compliance such as tank upgrade, etc.. into the model. We believe these costs can be reflected in the settlement negotiations if the implementing agency so chooses. ------- EPA 510-F-92-003 USING ABELPRO IN UST COST RECOVERY CASES ABELPRO is an spreadsheet computer program adapted from the EPA ability-to-pay computer program ABEL. ABELPRO uses tax return information to assess small businesses' ability to pay civil penalties or other costs. The Office of Underground Storage Tanks (OUST) believes ABELPRO can be beneficial to State UST programs by helping them determine a responsible party's (RP) ability to pay LUST Trust Fund cleanup costs. ABELPRO analyzes data in two phases. Phase I produces financial ratios based solely on the tax information provided. The ratios are then compared to threshold values for small businesses. The comparison gives the user a general sense of the overall financial condition of the RP. Phase I uses balance sheet information incorporating tangible and intangible assets. Phase II is based solely upon cash flow and does not consider net worth or assets. Phase II goes one step further than Phase I by giving the user a range of probabilities that the RP can pay various dollar amounts. For example, the Phase II analysis might say there is a 80% chance the RP can pay $25,000, a 70% chance they can pay $30,000, etc. Cleanup costs are added to the model in Phase II to produce these probabilities. ABELPRO is good at determining obvious ability-to-pay and obvious inability-to-pay, but it is less accurate at predicting the ability-to-pay of borderline cases. If Phase I arid Phase II of ABELPRO produce contradictory results, or the Phase ir results are inconclusive, it might be prudent to use a financial analyst to study the RPs financial papers in detail. This decision will have to be made on a case by case basis. Since ABELPRO uses tax form information to predict ability-to-pay, it should be kept in mind that the results' are going to be more conservative than an analysis made by a trained financial analyst who would evaluate the complete financial picture of an RP. ------- |