160 articles for

June 2010

ABBOTT LABS: Has $235Mil at March 31 for Legal, Envt’l. Matters

Abbott Laboratories’ recorded reserve balance at March 31, 2010 for legal proceedings and environmental exposures was about US$235 million.

The Company has been identified as a potentially responsible party for investigation and cleanup costs at a number of locations in the…

DPL INC: Has Reserve $1.2M for Environmental Matters at March 31

DPL Inc., through its wholly owned captive insurance subsidiary Miami Valley Insurance Company (MVIC), as of March 31, 2010, has an actuarially calculated reserve of US$1.2 million for environmental matters.

Based in Dayton, Ohio, DPL Inc. is a public utility that…

MOLSON COORS: Accrues $200T for Remediation at Cooper Drum Site

Molson Coors Brewing Company has accrued US$200,000 for environmental remediation at the Cooper Drum site in southern California.

In October 2006, the Company was notified by the U.S. Environmental Protection Agency that it is a potentially responsible party, along with about…

MARATHON OIL: Modification to NSR Consent Decree Filed March 19

A modification to Marathon Oil Corporation’s New Source Review consent decree was lodged with the Court on March 19, 2010 and is expected to be finalized during second quarter 2010.

During 2001, the Company entered into an NSR consent decree and…

AMERICAN ELECTRIC: Records $11M of Cleanup Expense Before Jan. 1

American Electric Power Company, Inc.’s subsidiary, Indiana Michigan Power Company (I&M) recorded about US$11 million of remediation expense prior to Jan. 1, 2010, US$3 million of which I&M recorded in March 2009.

In March 2008, I&M received a letter from the…

HUNTSMAN CORP: Tolling Deal on State Marine Site Signed March 29

On March 29, 2010, Huntsman Corporation submitted a signed tolling agreement and offer to negotiate to the U.S. Department of Justice, regard issues in connection with releases of hazardous substances from the State Marine Superfund Site in Port Arthur, Tex.

By…

GENERAL MOTORS: Cites $187MM Environmental Liability at March 31

General Motors Company’s environmental liability amounted to US$187 million as of March 31, 2010, compared with US$190 million as of Dec. 31, 2009.

At March 31, 2010, the Company estimates that remediation losses could range from US$130 million to US$320 million.

Based…

AVERY DENNISON: Records $55.4Mil Envt’l. Liabilities at April 3

Avery Dennison Corporation recorded environmental liabilities of US$55.4 million during the three months ended April 3, 2010, compared with US$56.5 million during the year ended Jan. 2, 2010.

As of April 3, 2010, about US$11 million of the total balance was…

HUNTSMAN CORP: Potentially Liable for Cleanup at 10 CERCLA Sites

Huntsman Corporation has been notified by third parties of claims against it for cleanup liabilities at about 10 former facilities or third party sites, including, but not limited to, sites listed under the Comprehensive Environmental Response, Compensation, and Liability Act…

MOLSON COORS: Accrues $4.5Mil for East Rutherford, Berry’s Creek

Molson Coors Brewing Company has accrued US$4.5 million for environmental cleanup of the East Rutherford and Berry’s Creek sites in New Jersey.

During the third quarter of 2008, the Company was notified by the U.S. Environmental Protection Agency that it is…

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