98 articles for

June 2009

HOVNANIAN ENT: DOJ, EPA’s Talks on Discharge Matters Continuing

Hovnanian Enterprises, Inc. continues to be in discussions with the U.S. Department of Justice and the U.S. Environmental Protection Agency to resolve issues on storm water discharge practices.

In March 2005, the Company received two requests for information under Section 308…

WAL-MART STORES: In Talks to Resolve Orange Waste Handling Case

Wal-Mart Stores, Inc. and the District Attorney for Orange County, Calif., are negotiating to resolve hazardous waste handling matters.

The District Attorney has alleged that the Company’s store in Foothill Ranch, Calif., failed to comply with certain California statutes regulating hazardous…

PRECISION CASTPARTS: Has $83.4MM March 29 Environmental Reserves

Precision Castparts Corp., at March 29, 2009, had accrued aggregate environmental reserves of about US$83.4 million, according to the Company’s annual report filed with the Securities and Exchange Commission on May 28, 2009.

The Company has been named as a potentially…

FIRSTENERGY CORP: Records $1.6Bil Invested in Trusts at March 31

FirstEnergy Corp., as of March 31, 2009, had about US$1.6 billion invested in external trusts to be used for the decommissioning and environmental remediation of Davis-Besse (Oak Harbor, Ohio), Beaver Valley (Shippingport, Pa.), Perry (N. Perry Village, Ohio) and Three…

SUNOCO INC: Reaches Deal With Holly Corp. to Sell Tulsa Refinery

Sunoco, Inc., in April 2009, entered an agreement in principle to sell its Tulsa, Ariz. refinery to Holly Corporation.

In May 2004, the U.S. Environmental Protection Agency adopted a rule which is phasing in limits on the allowable sulfur content in…

CHEVRON CORP: Party to 36 Pending Actions, Claims Involving MTBE

Chevron Corporation is a party to 36 pending lawsuits and claims involving methyl tertiary butyl ether (MTBE), the majority of which involve numerous other petroleum marketers and refiners.

The Company and many other companies in the petroleum industry have used MTBE…

SUNOCO INC: Cites $14Mil at March 31 for Envt’l. Claims Recovery

Sunoco, Inc. says that claims for recovery of environmental liabilities that are probable of realization totaled US$14 million at March 31, 2009 and are included principally in deferred charges and other assets in the condensed consolidated balance sheets.

The Company maintains…

DYNEGY INC: Providing Information to EPA on Danskammer Facility

Dynegy Inc. is providing information to the U.S. Environmental Protection Agency over maintenance, repair and replacement projects undertaken between Jan. 1, 2000 and the present at the Company’s Danskammer facility.

On March 9, 2009, the Company received the information request from…

FIRSTENERGY CORP: Connecticut Motion to Intervene OK’d March 24

FirstEnergy Corp. says that the state of Connecticut’s Motion to Intervene, in a New Source Review (NSR) lawsuit involving Company subsidiary Metropolitan Edison Company (Met-Ed), was granted by the U.S. District Court on March 24, 2009.

On Dec. 18, 2007, the…

FIRSTENERGY CORP: Accrues About $91M Total Liability at March 31

FirstEnergy Corp.’s total environmental liabilities of about US$91 million have been accrued through March 31, 2009.

The Company’s Utilities (Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Pennsylvania Power Company, Jersey Central Power & Light Company, Metropolitan…

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