80 articles for

May 2009

NORFOLK SOUTHERN: Records $40M Exposure Liabilities at March 31

Norfolk Southern Corporation’s Consolidated Balance Sheets include liabilities for environmental exposures in the amount of US$40 million at March 31, 2009 and US$42 million at Dec. 31, 2008 (of which US$12 million is classified as a current liability at the…

NORTHROP GRUMMAN: Estimates $191M to $269M for Remediation Costs

Northrop Grumman Corporation estimates that as of March 31, 2009, the range of reasonably possible future costs for environmental remediation sites is US$191 million to US$269 million, of which US$232 million is accrued in other current liabilities.

Should other potentially responsible…

EXELON CORP: Claim on CAA Breaches over Keystone Station Ongoing

Exelon Corporation says that an environmental claim concerning Federal Clean Air Action violations at the Keystone Generating Station is ongoing.

On Jan. 14, 2009, Company subsidiary, Exelon Generation Company, LLC, received a Notice of Violation (NOV) addressed to it, the other…

EXELON CORP: $37Mil Estimated for West Lake Landfill Remediation

Exelon Corporation says that the current estimated cost of the anticipated remediation for the West Lake Landfill site in Missouri is US$37 million, which will be allocated among all potentially responsible parties, according to the Company’s quarterly report filed with…

GOODRICH CORP: Accrues $62.5MM Remediation Liability at March 31

Goodrich Corporation’s condensed consolidated balance sheet included an accrued liability for environmental remediation obligations of US$62.5 million at March 31, 2009 and US$62.3 million at Dec. 31, 2008.

About US$20.4 million at March 31, 2009 (US$20.9 million at Dec. 31, 2008)…

GOODRICH CORP: Receives $39.8M for Remediation Costs at April 15

Goodrich Corporation, on April 15, 2009, received a partial payment of US$39.8 million from Commercial Union Insurance Company, currently known as One Beacon America Insurance Company, for past remediation costs.

On Jan. 4, 2007, the Company received a judgment against Commercial…

EXELON CORP: EPA Probe on 6 Midwest Generation Stations Ongoing

The U.S. Environmental Protection Agency’s investigation on six electric generation stations operated by Exelon Corporation’s subsidiary, Midwest Generation, LLC is ongoing.

On Aug. 6, 2007, Company subsidiary, Commonwealth Edison Company, received a Notice of Violation (NOV), addressed to it and Midwest…

NORFOLK SOUTHERN: DOJ’s Action on Chlorine/Oil Discharge Ongoing

The U.S. Department of Justice’s environmental lawsuit resulting from a chlorine and oil discharge is ongoing against Norfolk Southern Corporation.

On April 24, 2008, the DOJ brought an action against the Company for alleged violations of federal environmental laws resulting from…

LOCKHEED MARTIN: Records $809MM March 31 Environmental Liability

Lockheed Martin Corporation says that, at March 29, 2009 and Dec. 31, 2008, the aggregate amount of liabilities recorded relative to environmental matters was US$809 million.

The Company performs quarterly reviews of environmental remediation sites and record liabilities and assets in…

RAYTHEON CO: Cites $193Mil for Environmental Cleanup at March 29

Raytheon Company’s estimate of total environmental remediation costs was US$193 million at March 29, 2009 and US$157 million at Dec. 31, 2008.

The Company is involved in various stages of investigation and cleanup related to remediation of various environmental sites.

Discounted at…

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