Ashland Inc. and its subsidiary, Hercules Incorporated, as of June 30, 2009, were identified as potentially responsible parties (PRPs) by U.S. federal and state authorities, or by private parties seeking contribution, for the cost of environmental investigation and cleanup at…
American Electric Power Company, Inc. and its subsidiary, American Electric Power Service Corporation (AEPSC), are parties to public nuisance litigation on carbon dioxide (CO2) emissions.
In 2004, eight states and the City of New York filed an action in Federal District…
Goodman Global, Inc., as of June 30, 2009, reserved about US$500,000 for the Fort Pierce, Fla., facility.
However, it is possible that environmental costs could exceed this amount by up to about US$2.7 million.
Under a March 15, 2001 Consent Order with…
Transocean Ltd. has been named as a potentially responsible party (PRP) in connection with a site in California known as the Casmalia Resources Site.
The Company and other PRPs have entered into an agreement with the U.S. Environmental Protection Agency and…
ITT Corporation’s environmental liabilities were US$126.2 million as of June 30, 2009, compared with US$119.5 million as of Dec. 31, 2008.
The Company is responsible, or is alleged to be responsible, for ongoing environmental investigation and remediation of sites in various…
ITT Corporation says that a case styled ITT Corporation et al. v. Pacific Indemnity Corporation et al. is back in the California Superior Court, Los Angeles County.
The parties are currently engaged in further discovery.
In the suit filed in 1991 against…
Continental Airlines, Inc. says that, on June 15, 2009, it received an arbitrator’s decision in its favor, which found that Honeywell International, Inc. is not entitled to indemnification and defense from the Company with respect to claims concerning the U.S.…
Raytheon Company’s estimate of total environmental remediation costs was US$192 million at June 28, 2009 and US$157 million at Dec. 31, 2008.
Discounted at a weighted-average risk-free rate of 5.7 percent, the Company estimated the liability at June 28, 2009 to…
ConAgra Foods, Inc. says that the reserves for its Beatrice Company subsidiary’s environmental matters totaled US$88.8 million as of May 31, 2009.
Expenditures for Beatrice environmental matters are expected to continue for a period of up to 20 years.
In fiscal 1991,…
Continental Airlines, Inc. says that it could be responsible for environmental remediation costs primarily related to solvent contamination on and near a site surrounding its aircraft maintenance hangar in Los Angeles.
In 2001, the California Regional Water Quality Control Board (CRWQCB)…