ASBESTOS UPDATE: Duke Energy Indiana Subject to Exposure Actions

Duke Energy Corporation’s Duke Energy Indiana, Inc. subsidiary has been named as a defendant or co-defendant in lawsuits related to asbestos at its electric generating stations, according to the Company’s quarterly report filed with the Securities and Exchange Commission on…

ASBESTOS UPDATE: Duke Energy Carolinas Reserves $841MM for Cases

Duke Energy Corporation’s Duke Energy Carolinas, LLC subsidiary reserved US$841 million as of March 31, 2011 for asbestos-related claims, compared with US$853 million as of Dec. 31, 2010.

Duke Energy Carolinas has experienced numerous claims for indemnification and medical cost reimbursement…

ASBESTOS UPDATE: Duke Energy Ohio Still Named in Injury Actions

Duke Energy Corporation’s subsidiary, Duke Energy Ohio, Inc., has been named as a defendant or co-defendant in lawsuits related to asbestos at its electric generating stations.

Based on estimates under varying assumptions concerning uncertainties, such as: (i) the number of contractors…

ASBESTOS UPDATE: Duke Energy Indiana Still Facing Injury Actions

Duke Energy Corporation’s subsidiary, Duke Energy Indiana, Inc., has been named as a defendant or co-defendant in lawsuits related to asbestos at its electric generating stations.

Based on estimates under varying assumptions concerning uncertainties, such as: (i) the number of contractors…

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 Has $967M for Carolinas at March 31

Duke Energy Corporation says that amounts recognized as asbestos- related reserves related to subsidiary Duke Energy Carolinas, LLC totaled US$967 million as of March 31, 2010 and US$980 million as of Dec. 31, 2009.

The Company has experienced numerous claims for…

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…