ASBESTOS UPDATE: Energy Future Posts $489MM March 31 Obligations

Energy Future Holdings Corp.’s total asset retirement and mining retirement obligations were US$489 million as of March 31, 2011, of which US$39 million was current and US$450 million was non- current.

These liabilities primarily relate to nuclear generation plant decommissioning, land…

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: Halliburton Still Subject to AMSF’s Litigation

Halliburton Company continues to be subject to litigation involving asbestos, of which the Archdiocese of Milwaukee Supporting Fund is the lead plaintiff.

In June 2002, a class action lawsuit was filed against the Company in federal court alleging violations of the…

ASBESTOS UPDATE: Veolia Eau Units Still Facing Lawsuits in U.S.

Veolia Environnement says that several current and former indirect subsidiaries of Veolia Eau in the United States are defendants in lawsuits in the United States in which the plaintiffs seek recovery for personal injuries and other damages allegedly due to…

ASBESTOS UPDATE: Xcel Energy Inc. Posts $93.63MM AROs at Dec. 31

Xcel Energy Inc.’s asset retirement obligations for steam production asbestos were US$93,629,000 during the 12 months ended Dec. 31, 2010, compared with US$95,093,000 during the 12 months ended Dec. 31, 2009.

The Company’s AROs for common general plant asbestos were US$1,077,000…

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: California Water Still Named in Asbestos Claims

From time to time, California Water Service Group has been named as a co-defendant in several asbestos related lawsuits, according to the Company’s annual report filed with the Securities and Exchange Commission on March 1, 2011.

Several of these cases against…

ASBESTOS UPDATE: Constellation Energy Facing 485 Pending Claims

About 485 individuals who were never employees of Constellation Energy Group, Inc. or Baltimore Gas and Electric Company have pending asbestos claims, each seeking several million dollars in compensatory and punitive damages.

Since 1993, BGE and certain Company subsidiaries have been…

ASBESTOS UPDATE: NiSource Records $1.4MM for Settlement in 2010

NiSource, Inc.’s subsidiary, Northern Indiana Public Service Company, performed activities associated with asbestos removal resulting in settlements of US$1.4 million in 2010 and also recorded additions of US$2.3 million related to underground gas storage wells whose lives became determinable.

Northern Indiana…

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