9/1/2005

Summary Minutes of the
U.S. Environmental Protection Agency (EPA)

Superfund Benefits Analysis Advisory Panel
Public Meeting
February 24-25, 2005

Committee Members: Dr. Rick Freeman

Dr. Robin Autienrieth
Dr. Kathleen Segerson
Dr. Anna Alberini
Dr. Jim Boyd

Dr. Horace Keith Moo-Young
Mr. Tim Thompson
Ms. Kate Probst
Dr. Mark Miller
Dr. Ted Gayer

9:00am - 5:00pm, Feb. 24, 2005
8:30am - 3:00pm, Feb. 25, 2005

1025 F Street, NW, Washington, D.C. 20460

To discuss the Superfund Benefits Analysis, a draft report issued
by the Office of Solid Waste and Emergency Response

Dr. Holly Stallworth, Designated Federal Officer

Kelly Maguire, Melissa Friedland, Jee Kim, Glenn Farber, Mike
Cook, Elizabeth Southerland

Terry Suomi, E2
Hagai Nassau, E2
Alex Farrell, E2
M. Hancox, E2
Keith Belton, OMB
Glenn Farber, OSWER
Troy Hiller, Policy Navition
Rachel Urdan, Inside EPA

Several attendees whose names could not be discerned from their
handwriting.

Date and Time:

Location:
Purpose:

SAB Staff:

Other EPA Staff:

Other:

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Meeting Summary

The discussion followed the issues and general timing as presented in the meeting agenda
(Attachment A).

Opening of Public Meeting

Dr. Holly Stallworth, Designated Federal Officer (DFO), opened the meeting with
a statement that the Superfund Benefits Analysis Advisory Panel is a federal advisory
committee whose meetings are subject to the requirements of the Federal Advisory
Committee Act. Dr. Vanessa Vu, Director of the Science Advisory Board Staff Office,
welcomed the Panel.

Mr. Mike Cook, Director of OSWER's Office of Superfund Remediation,
introduced the project to panelists. Mr. Cook explained the context for the project is that
there are lots of discussions about the cost of the program and very little discussion of the
benefits. OSWER's benefits study is designed to offer answers to questions about the
benefits of Superfund.

The members discussed the comparison between costs and benefits and whether
the cost side was included in the report. Some concern was expressed about using the
report to compare benefits to costs. Discussion also focused on the technical aspects of
the charge questions and whether the Panel could comment with a more general opinion
of the report. Discussion also extended to the relative merits of a retrospective versus a
prospective study.

Dr. Alex Farrell of the University of California at Berkeley working under an
OSWER contract with E2, presented an overview of the Superfund Benefits Analysis
(SBA). Dr. Farrell's presentation is captured in his Powerpoint slides, given here as
Attachment B. Panelists asked Dr. Farrell a number of questions about his draft study.

A public commenter followed Dr. Farrell's presentation. Mr. Michael Steinberg,
attorney for the Superfund Settlements Project, gave the comments appended here as
Attachment C.

Following these public remarks, members proceeded to discuss the charge
questions in the sequence shown in the agenda. In discussing charge questions #1 and
#7, members talked about the conceptual framework for the study and whether the
framework shown in Figure 1.1 captured the right aspects of Superfund's benefits. Some
members expressed concern about a benefit cited as "empowerment." Other members
expressed reservations about the need for the SBA to conform with EPA guidelines on
regulatory analysis. Another member expressed concerns about the weight given to
monetized versus non-monetized benefits.

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Action items:

•	Dr. Segerson, Moo-Young and Ms. Probst will draft a response to
questions 1 and 7.

•	Dr. Boyd will design a conceptual framework for the study that could
possibly replace Figure 1.2 .

After deciding on these action items, members discussed the relative importance
of human health versus ecological goals in deciding Superfund cleanups. One member
thought ecological risks played a large role in the Superfund sites he had worked on.
Another member expressed a desire to see a discussion of the studies on Superfund done
to date and where the SBA filled any gaps. Another member expressed a desire to have
the risk reduction accomplished by "removals" included in the SBA. Another member
expressed a desire to see the case studies relate back to the key points in the SBA.

In discussing charge question #2, members discussed the temporal dimension of
the SBA and whether changes in remedial actions over time should effect the analysis.
Members also expressed a concern with the SBA using proposed sites as opposed to final
and deleted sites. Discussion also occurred over whether state remedial actions should be
grouped with federal remedial actions. The issue of whether to use "construction
complete" or the Record of Decision (ROD) was also discussed.

Members expressed concerns with whether the SBA would receive a nuanced
reading in the press and whether, under such circumstances, it was better to have metrics
with lots of caveats or no numbers at all.

Actions items:

•	Ms. Probst and Mr. Thompson would draft a response to the first part of
question 2.

•	Dr. Gayer, Dr. Alberini and Mr. Thompson will draft a response to the
second part of question 2.

In discussing charge question #4, one member expressed a desire to look at
probabilistic methods for capturing the health effects of Superfund cleanups. This
member suggested the SBA highlight some examples, using lead and volatile organic
compounds (VOC) from the Lybarger study. This member talked about recent studies on
the health impacts of lead exposure. A suggestion was made that the SBA could use the
same model for monetizing the effects of blood levels in children as was used in a
retrospective cost-benefit analysis for the Clean Air Act, i.e. the "812 study." Members
also discussed the potential for capturing morbidity effects using recent studies, e.g. from
Alberini and Rowe. The suggestion was made to use toxicity values in calculating
lifetime excess cancer risks and ATSDR's methods for capturing uncertainty. This
member suggested the SBA explain the parameters modified, parameters not modified
and the significance of toxicity factors.

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Action item:

•	Drs. Freeman, Miller and Autenrieth will write up comments in response
to charge question #4.

On the second day, February 25, panelists heard a presentation given by Dr.
Michael Greenstone of the Massachusetts Institute of Technology. Dr. Greenstone's
presentation is appended here as Attachment D. One comment in reference to Dr.
Greenstone's presentation was whether state programs and/or removal actions were
involved in the 290 sites used as a data set by Dr. Greenstone. Another member
suggested that the way to read Dr. Greenstone's study was that, ex poste, Superfund
cleanups left no stigma. Members had questions about the cost figures used in Dr.
Greenstone's study.

Following Dr. Greenstone's presentation, members turned to charge question #3.
Issues covered included perceived versus actual risk, whether a full price recovery can be
assumed, treatment of sites not yet cleaned up, omitted variables bias and the relationship
between market size and non-marginal changes. Members discussed the need to better
justify the studies chosen for the benefits transfer. The issue of whether the sites covered
by the 9 studies used for the benefits transfer were truly representative of the universe of
Superfund sites was also discussed. One member raised a concern about the inclusion of
the McClelland paper of 1990. The issue of including federal sites was discussed and one
member suggested that the SBA incorporate EPA's 1988 guidance for RI/FS studies
(Remedial Investigation/Feasibility Study). General issues common to all hedonic
studies were discussed.

Action item:

•	Drs. Gayer and Alberini will write their comments in response to charge
question #3.

Members discussed charge question #5 on estimating the ecological benefits of
Superfund. One member discussed the difference between the NRDA (Natural Resource
Damage Assessment) process and Superfund, with the former including habitat
enhancements and the latter omitting such. This member suggested the SBA carefully
frame up the differences between NRDA and Superfund. In addition, this member
suggested a number of sites where the NRDA might be helpful. Another member said
that NRDA's capture replacement costs more so than benefits. Another member raised a
concern about the SBA's intent to use a "conversion factor" based on NRDAs from a
small number of sites.

Action item:

•	Mr. Thompson and Drs. Boyd and Segerson will write comments in
response to charge question #5.

Members then turned their attention to charge question #8 on groundwater. One
member commented that it might be possible to calculate the total amount of

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groundwater affected by Superfund, but that putting a dollar value on that would be
questionable. This member suggested a mass balance approach. This member expressed
a preference for richly illustrated case studies rather than an attempt to monetize. The
general sentiment was that the SBA should use case studies and/or other endpoints where
monetization wasn't possible.

Action item:

•	Dr. Moo-Young will write comments in response to charge question #8.

Nearly all members participated in the discussion of charge question #6, the non-
quantified benefits of Superfund. Concerns were raised about some of the psychological
benefits suggested in the SBA, e.g. empowerment. An additional concern was raised
about the absence of any discussion of the deterrent effect of liability brought about by
Superfund. Other concerns were raised about the "public relations" tone of this particular
chapter in the SBA (chapter 6). Different opinions were expressed on whether Superfund
had brought about benefits in the area of emergency preparedness.

Action item:

•	Ms. Probst, Mr. Thompson and Drs. Gayer, Alberini, Autenrieth, and
Segerson will write their comments in response to charge question #6.

The meeting concluded with the following additional action items.

•	Panelists will get their write-ups to the Chair by March 18.

•	The Chair will compile all comments into a single report by April 1 and
send draft to the DFO.

•	The DFO will edit/format this document and send a draft out to the Panel
by April 15.

•	The Panel will have a teleconference on April 29 from 2:15-4:15pm to
discuss the draft.

Respectfully Submitted:

/Signed/

Holly Stallworth, Designated Federal Officer

Certified as True:

/Signed/

A. Myrick Freeman
Chair

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NOTE AND DISCLAIMER: The minutes of this public meeting reflect diverse ideas
and suggestions offered by the Panel members during the course of deliberations within
the meeting. Such ideas, suggestions, and deliberations do not necessarily reflect
definitive consensus advice from the panel members. The reader is cautioned to not rely
on the minutes to represent final, approved, consensus advice and recommendations
offered to the Agency. Such advice and recommendations may be found in the final
advisories, letters or reports prepared and transmitted to the EPA Administrator following
the public meetings.

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