PSEG INC: Power Facing Potential Case on Keystone Plant Matters

Public Service Enterprise Group Incorporated’s subsidiary, PSEG Power LLC, is a facing a potential case on matters concerning the Keystone coal-fired plant in Pennsylvania.

Power owns about 23 percent of the plant.

On Jan. 14, 2009, the U.S. Environmental Protection Agency issued…

PSEG INC: Named a Third-Party Defendant in Passaic River Action

Public Service Enterprise Group Incorporated’s subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC, were named as third-party defendants in litigation concerning the Passaic River.

In 2005, the New Jersey Department of Environmental Protection (NJDEP) filed suit against…

PSEG INC: Involved in Occidental RI/FS on Newark Bay Study Area

Public Service Enterprise Group Incorporated is participating in and partially funding the Remedial Investigation/Feasibility Study conducted by Occidental Chemical Corporation (OCC) on the Newark Bay Study Area.

The U.S. Environmental Protection Agency has established the Newark Bay Study Area, which it…

PSEG INC: Cites $730Mil Long-Term Environmental Costs at June 30

Public Service Enterprise Group Incorporated’s long-term environmental costs were US$730 million as of June 30, 2009, compared with US$743 million as of Dec. 31, 2008.

Newark, N.J.-based Public Service Enterprise Group Incorporated’s subsidiary, Public Service Electric and Gas (PSE&G), transmits and…

PSEG INC: $560M Expended for Mercer, Hudson Projects at June 30

Public Service Enterprise Group Incorporated’s subsidiary, PSEG Power LLC, expended US$560 million as of June 30, 2009 for projects at the Hudson and Mercer generating stations.

The Prevention of Significant Deterioration/New Source Review (PSD/NSR) regulations, promulgated under the Clean Air Act,…

PSEG INC: Power Records $50Mil Liability for Generating Stations

Public Service Enterprise Group Incorporated’s subsidiary, PSEG Power LLC, had a US$50 million liability as of both June 30, 2009 and Dec. 31, 2008 for identified potential environmental hazards on the alleged discharge of hazardous substances at certain generating stations.

In…

OCCIDENTAL PETROLEUM: Reserves $419Mil for 164 Sites at March 31

Occidental Petroleum Corporation’s environmental reserves at 164 sites amounted to US$419 million.

As of March 31, 2009, the Company participated in or monitored remedial activities or proceedings at 164 sites.

As of March 31, 2009, the Company’s environmental reserves exceeded US$10 million…

CROWN OIL: To Spend $147T in ‘09 for Monitoring in Russian Sites

Crown Oil and Gas Inc. says that it has to spend about US$147,000 on environmental monitoring at its three Russian licensed areas in 2009.

About US$45,000 is for the Tereshkinsky Area; about US$54,000 is for the Kikinsko-Gusikhinsky Area; and about US$48,000…

PETROBRAS ENERGIA: Cites ARS46M Cleanup Expense Allowance in ‘08

Petrobras Energia S.A. recorded ARS46 million as current expense allowance for environmental remediation in 2008, compared with ARS38 million in 2007.

The Company recorded ARS66 million as non-current expense allowance for environmental remediation in 2008, compared with ARS64 million in 2007.

Buenos…

SUNOCO INC: Accrues $121Mil Total Cleanup Liability at March 31

Sunoco, Inc.’s total accrued liability for environmental remediation was US$121 million at March 31, 2009 and US$123 million at Dec. 31, 2008.

At March 31, 2009, the aggregate of the estimated maximum additional reasonably possible losses, which relate to numerous individual…

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