FIRSTENERGY CORP: Disputes on MEW Indemnification Claims Ongoing

FirstEnergy Corp.’s subsidiary, Pennsylvania Electric Company (Penelec), is engaged in disputes with Mission Energy Westside, Inc. (MEW) on indemnification claims relating to the Homer City Power Station in Pennsylvania.

On June 11, 2008, the EPA issued a Notice and Finding of…

PEABODY ENERGY: Still Facing NYAG Subpoena on Coal-Fired Plants

Peabody Energy Corporation remains subject to a subpoena by the New York Office of the Attorney General in connection with plans to build new coal-fired electric generating units.

The New York Office of the Attorney General sent a letter to the…

AMERICAN INT’L: Has $221M Loss Reserve for Environmental Matters

American International Group, Inc., at June 30, 2008, had a net reserve of US$221 million for losses and loss expenses related to environmental matters, compared to US$258 million at June 30, 2007.

At June 30, 2008, the Company estimated US$117 million,…

SOUTHERN CO: Still Faces Complaints on Carbon Dioxide Emissions

The Southern Company continues to face complaints alleging that the Company’s carbon dioxide emissions contribute to global warming.

In July 2004, attorneys general from eight states, each outside of Southern Company’s service territory, and the corporation counsel for New York City…

ASHLAND INC: Still Awaits Approval to Settlement of MTBE Claims

Ashland Inc. is awaiting court approval of a tentative settlement agreement between the plaintiffs and certain defendants of 21 cases alleging methyl tertiary-butyl ether (MTBE) contamination in groundwater.

The Company is a defendant along with many other companies in about…

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