Parker-Hannifin Corporation, as of June 30, 2011, had a reserve of US$15.3 million for environmental matters, which are probable and reasonably estimable.
As of June 30, 2011, the Company is involved in environmental remediation at various United States and non-U.S. Manufacturing…
Harris Corporation is named as a potentially responsible party at 14 sites where future liabilities could exist, according to the Company’s annual report filed on Aug. 29, 2011 with the Securities and Exchange Commission.
These sites include two sites owned by…
Nortel Networks Corporation says that, as of March 31, 2011, the accruals on the unaudited condensed consolidated balance sheet for environmental matters were US$9 million.
Based on information available as of March 31, 2011, management believes that the existing accruals are…
Nortel Networks Corporation says that, as of Dec. 31, 2010, the accruals on the consolidated balance sheet for environmental matters were US$9 million.
The Company has remedial activities under way at five sites that are either currently or previously owned.
Nortel Networks…
Verizon Communications Inc.’s subsidiary, Verizon New York Inc. (VZNY) faces potential claims over its underground storage tank registration, inspection and maintenance program.
The New York State Department of Environmental Conservation has advised VZNY of the potential issues.
While VZNY does not believe…
AT&T Inc. says that AT&T Corp. and the City of Philadelphia, in July 2009, settled a matter on alleged environmental breaches at an AT&T Corp. facility.
The matter was settled on terms that included civil penalties of less than US$100,000.
The City…
Nortel Networks Corporation, as of Sept. 30, 2008, had US$18 million accrued for environmental matters, compared with US$26 million as of Dec. 31, 2007.
The Company is exposed to liabilities and compliance costs arising from its past generation, management and disposal…
Verizon Communications Inc. is still awaiting the U.S. Environmental Protection Agency’s calculation of the penalties that are owed in connection with an audit of Verizon Wireless’ cell site, switch and non-retail building facilities.
Verizon Wireless has concluded an audit of its…
Verizon Communications Inc.’s operating unit, Verizon New York Inc. (VZNY), remains in dispute with the New York State Department of Environmental Conservation on alleged violations in connection with VZNY’s underground storage tank registration, inspection and maintenance program.
The New York State…
Verizon Communications Inc. still faces potential remediation liability related to site in Hicksville, N.Y.
During 2003, under a government-approved plan, remediation commenced at the site of a former Sylvania facility in Hicksville, N.Y., that processed nuclear fuel rods in the 1950s…