Chevron Puerto Rico to Pay $600,000 Penalty

Chevron Puerto Rico has agreed to improve safety standards at approximately 100 underground storage tank facilities that had been cited for leakage violations, the U.S. Environmental Protection Agency said Tuesday.

The agency said the company will pay a $600,000 penalty and has agreed to spend $5.2 million for improvements such as leak detection, monitoring and alarm systems by March 2013.

Chevron has said it plans to sell its 187 Texaco stations across the U.S. Caribbean territory. The U.S. Justice Department says that whoever takes over the stations will have to assume the obligations agreed to in the settlement.