In 2003, the State of New Hampshire brought a lawsuit against manufacturers of the gasoline additive methyl tertiary butyl ether (MtBE) because of the negative impact on the drinking water and groundwater in the State. All but one of the manufactures agreed to settle the lawsuit. Exxon-Mobil went to trial and the New Hampshire jury found Exxon-Mobil guilty.
The State was awarded $276 million in damages caused to the State’s drinking water and groundwater. This money was used to establish the Drinking Water and Groundwater Trust Fund. The Trust Fund currently provides both grants and low interest loans to qualifying applicants. The accumulating interest, repayment of the loans and other investment returns are all income sources that support the longevity of the Trust.