FRONTIER OIL: Has $5M Accrued as of June 30 for Cheyenne Unit

Frontier Oil Corporation, as of June 30, 2008, had an accrual of US$5 million for environmental liabilities reflecting the estimated present value of expenditures related to Cheyenne Refinery in Wyoming.

The Company is party to an agreement with the State…

FRONTIER OIL: 1988 Consent Order with KDHE Remains in Effect

Frontier Oil Corporation continues implementation of a groundwater management program at its El Dorado Refinery under a 1988 consent order with the Kansas Department of Health and Environment (KDHE).

Subject to the terms of the purchase and sale agreement for…

CENTERPOINT ENERGY: CERC Accrues $14M at June 30 for MGP Sites

CenterPoint Energy, Inc.’s subsidiary, CenterPoint Energy Resources Corp., at June 30, 2008, had accrued US$14 million for the remediation of former manufactured gas plant sites in Minnesota.

CERC and its predecessors operated MGP in the past. In Minnesota, CERC has completed…

TRANSOCEAN INC: Unit Faces Potential Obligations for Calif. Site

A Transocean Inc. subsidiary is still facing potential obligations to a testing plan for a site in Alhambra, Calif.

The subsidiary has been ordered by the California Regional Water Quality Control Board to develop a testing plan for a site known…

TRANSOCEAN INC: Cleanup Share Claim Resolved for $130T in July

Transocean Inc., in July 2008, settled its dispute for about US$130,000 regarding a company’s request to contribute toward remediation costs of the Environmental Protection Corporation (EPC) Eastside Disposal Facility near Bakersfield, Calif.

The Company, which originally requested about US$140,000 from one…

TRANSOCEAN INC: Faces Dispute in La. Over Dissolved Subsidiary

Transocean Inc. is still involved in disputes over an attempt to impose liability on the Company related to one of its dissolved subsidiaries in Louisiana.

On July 11, 2005, one of the Company’s subsidiaries was served with a lawsuit filed on…

CENTERPOINT ENERGY: Probe on Possible Maine MGP Cleanup Ongoing

CenterPoint Energy, Inc. continues to investigate details on potential remediation of former manufactured gas plant sites in Maine.

Subsidiary CenterPoint Energy Resources Corp. (CERC) has been named as a defendant in a lawsuit filed in the U.S. District Court, District…

TRANSOCEAN INC: Still Potentially Liable for Carson, Calif. Site

Transocean Inc. continues to be named a potentially responsible party in connection with a site in Carson, Calif., formerly maintained by Cal Compact Landfill.

On Feb. 15, 2002, the Company was served with a required 90-day notification that eight California cities,…

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