ASBESTOS UPDATE: Duke Energy Carolinas Has $853M Dec. 31 Reserve

Amounts recognized as asbestos-related reserves related to Duke Energy Corporation’ subsidiary, Duke Energy Carolinas, LLC, totaled US$853 million as of Dec. 31, 2010 and US$980 million as of Dec. 31, 2009.

Duke Energy Carolinas has experienced numerous claims for indemnification and…

ASBESTOS UPDATE: Duke Unit Reserves $954MM for Claims at June 30

Amounts recognized as asbestos-related reserves related to Duke Energy Corporation unit, Duke Energy Carolinas, LLC, in the respective Condensed Consolidated Balance Sheets totaled US$954 million as of June 30, 2010 and US$980 million as of Dec. 31, 2009.

Duke Energy Carolinas…

ASBESTOS UPDATE: Duke Energy Records $992Mil Carolinas Reserves

Duke Energy Corporation reserved US$992 million as of Sept. 30, 2009 (US$1.031 billion as of Dec. 31, 2008) for asbestos matters of its Duke Energy Carolinas, LLC subsidiary.

The Company has claims for indemnification and medical cost reimbursement relating to damages…

ASBESTOS LITIGATION: Duke Energy Cites $1.019B Carolinas Reserve

Amounts recognized as asbestos reserves related to Duke Energy Corporation subsidiary, Duke Energy Carolinas, LLC, in the Consolidated Balance Sheets totaled about US$1.019 billion as of March 31, 2009 and US$1.031 billion as of Dec. 31, 2008.

The Company has experienced…