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These excerpts taken from the EIX 10-K filed Mar 2, 2009. Hazardous
Substances and Hazardous Waste Laws
Under various federal, state and local environmental laws and
regulations, a current or previous owner or operator of any
facility, including an electric generating facility, may be
required to investigate and remediate releases or threatened
releases of hazardous or toxic substances or petroleum products
located at that facility, and may be held liable to a
governmental entity or to third parties for property damage,
personal injury, natural resource damages, and investigation and
remediation costs incurred by these parties in connection with
these releases or threatened releases. Many of these laws,
including the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, commonly referred to as CERCLA, as
amended by the Superfund Amendments and Reauthorization Act of
1986 and the Resource Conservation and Recovery Act, impose
liability without regard to whether the owner knew of or caused
the presence of the hazardous substances, and courts have
interpreted liability under these laws to be strict and joint
and several.
In connection with the ownership and operation of their
facilities, Edison International’s subsidiaries may be
liable for costs associated with hazardous waste compliance and
remediation required by the laws and regulations identified
herein.
Hazardous
Substances and Hazardous Waste Laws
Under various federal, state and local environmental laws and
regulations, a current or previous owner or operator of any
facility, including an electric generating facility, may be
required to investigate and remediate releases or threatened
releases of hazardous or toxic substances or petroleum products
located at that facility, and may be held liable to a
governmental entity or to third parties for property damage,
personal injury, natural resource damages, and investigation and
remediation costs incurred by these parties in connection with
these releases or threatened releases. Many of these laws,
including the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, commonly referred to as CERCLA, as
amended by the Superfund Amendments and Reauthorization Act of
1986 and the Resource Conservation and Recovery Act, impose
liability without regard to whether the owner knew of or caused
the presence of the hazardous substances, and courts have
interpreted liability under these laws to be strict and joint
and several.
In connection with the ownership and operation of their
facilities, Edison International’s subsidiaries may be
liable for costs associated with hazardous waste compliance and
remediation required by the laws and regulations identified
herein.
Hazardous Substances and Hazardous Waste Laws Under various federal, state and local environmental laws and regulations, a current or previous owner or operator of any facility, including an electric generating facility, may be required to investigate and remediate releases or threatened releases of hazardous or toxic substances or petroleum products located at that facility, and may be held liable to a governmental entity or to third parties for property damage, personal injury, natural resource damages, and investigation and remediation costs incurred by these parties in connection with these releases or threatened releases. Many of these laws, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, commonly referred to as CERCLA, as amended by the Superfund Amendments and Reauthorization Act of 1986 and the Resource Conservation and Recovery Act, impose liability without regard to whether the owner knew of or caused the presence of the hazardous substances, and courts have interpreted liability under these laws to be strict and joint and several. In connection with the ownership and operation of their facilities, Edison International’s subsidiaries may be liable for costs associated with hazardous waste compliance and remediation required by the laws and regulations identified herein. Hazardous Substances and Hazardous Waste Laws Under various federal, state and local environmental laws and regulations, a current or previous owner or operator of any facility, including an electric generating facility, may be required to investigate and remediate releases or threatened releases of hazardous or toxic substances or petroleum products located at that facility, and may be held liable to a governmental entity or to third parties for property damage, personal injury, natural resource damages, and investigation and remediation costs incurred by these parties in connection with these releases or threatened releases. Many of these laws, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, commonly referred to as CERCLA, as amended by the Superfund Amendments and Reauthorization Act of 1986 and the Resource Conservation and Recovery Act, impose liability without regard to whether the owner knew of or caused the presence of the hazardous substances, and courts have interpreted liability under these laws to be strict and joint and several. In connection with the ownership and operation of their facilities, Edison International’s subsidiaries may be liable for costs associated with hazardous waste compliance and remediation required by the laws and regulations identified herein. Hazardous
Substances and Hazardous Waste Laws
In connection with the ownership and operation of its
facilities, SCE may be liable for costs associated with
hazardous waste compliance and remediation required by laws and
regulations. Through an incentive mechanism, the CPUC allows SCE
to recover in retail rates paid by its customers some of the
environmental remediation costs at certain sites. Additional
information about these laws and regulations appears in
Note 6 of Notes to Consolidated Financial Statements.
Hazardous
Substances and Hazardous Waste Laws
In connection with the ownership and operation of its
facilities, SCE may be liable for costs associated with
hazardous waste compliance and remediation required by laws and
regulations. Through an incentive mechanism, the CPUC allows SCE
to recover in retail rates paid by its customers some of the
environmental remediation costs at certain sites. Additional
information about these laws and regulations appears in
Note 6 of Notes to Consolidated Financial Statements.
Hazardous Substances and Hazardous Waste Laws In connection with the ownership and operation of its facilities, SCE may be liable for costs associated with hazardous waste compliance and remediation required by laws and regulations. Through an incentive mechanism, the CPUC allows SCE to recover in retail rates paid by its customers some of the environmental remediation costs at certain sites. Additional information about these laws and regulations appears in Note 6 of Notes to Consolidated Financial Statements. Hazardous Substances and Hazardous Waste Laws In connection with the ownership and operation of its facilities, SCE may be liable for costs associated with hazardous waste compliance and remediation required by laws and regulations. Through an incentive mechanism, the CPUC allows SCE to recover in retail rates paid by its customers some of the environmental remediation costs at certain sites. Additional information about these laws and regulations appears in Note 6 of Notes to Consolidated Financial Statements. Hazardous
Substances and Hazardous Waste Laws
With respect to EME’s potential liabilities arising under
CERCLA or similar laws for the investigation and remediation of
contaminated property, EME accrues a liability to the extent the
costs are probable and can be reasonably estimated. Midwest
Generation has accrued approximately $4 million at
December 31, 2008 for estimated environmental investigation
and remediation costs for the Illinois Plants. This estimate is
based upon the number of sites, the scope of work and the
estimated costs for investigation
and/or
remediation where such expenditures could be reasonably
estimated. Future estimated costs may vary based on changes in
regulations or requirements of federal, state, or local
governmental agencies, changes in technology, and actual costs
of disposal. In addition, future remediation costs will be
affected by the nature and extent of contamination discovered at
the sites that requires remediation. Given the prior history of
the operations at its facilities, EME cannot be certain that the
existence or extent of all contamination at its sites has been
fully identified. However, based on available information,
management believes that future costs in excess of the amounts
disclosed on all known and quantifiable environmental
contingencies will not be material to EME’s financial
position.
Hazardous
Substances and Hazardous Waste Laws
With respect to EME’s potential liabilities arising under
CERCLA or similar laws for the investigation and remediation of
contaminated property, EME accrues a liability to the extent the
costs are probable and can be reasonably estimated. Midwest
Generation has accrued approximately $4 million at
December 31, 2008 for estimated environmental investigation
and remediation costs for the Illinois Plants. This estimate is
based upon the number of sites, the scope of work and the
estimated costs for investigation
and/or
remediation where such expenditures could be reasonably
estimated. Future estimated costs may vary based on changes in
regulations or requirements of federal, state, or local
governmental agencies, changes in technology, and actual costs
of disposal. In addition, future remediation costs will be
affected by the nature and extent of contamination discovered at
the sites that requires remediation. Given the prior history of
the operations at its facilities, EME cannot be certain that the
existence or extent of all contamination at its sites has been
fully identified. However, based on available information,
management believes that future costs in excess of the amounts
disclosed on all known and quantifiable environmental
contingencies will not be material to EME’s financial
position.
Hazardous Substances and Hazardous Waste Laws With respect to EME’s potential liabilities arising under CERCLA or similar laws for the investigation and remediation of contaminated property, EME accrues a liability to the extent the costs are probable and can be reasonably estimated. Midwest Generation has accrued approximately $4 million at December 31, 2008 for estimated environmental investigation and remediation costs for the Illinois Plants. This estimate is based upon the number of sites, the scope of work and the estimated costs for investigation and/or remediation where such expenditures could be reasonably estimated. Future estimated costs may vary based on changes in regulations or requirements of federal, state, or local governmental agencies, changes in technology, and actual costs of disposal. In addition, future remediation costs will be affected by the nature and extent of contamination discovered at the sites that requires remediation. Given the prior history of the operations at its facilities, EME cannot be certain that the existence or extent of all contamination at its sites has been fully identified. However, based on available information, management believes that future costs in excess of the amounts disclosed on all known and quantifiable environmental contingencies will not be material to EME’s financial position. Hazardous Substances and Hazardous Waste Laws With respect to EME’s potential liabilities arising under CERCLA or similar laws for the investigation and remediation of contaminated property, EME accrues a liability to the extent the costs are probable and can be reasonably estimated. Midwest Generation has accrued approximately $4 million at December 31, 2008 for estimated environmental investigation and remediation costs for the Illinois Plants. This estimate is based upon the number of sites, the scope of work and the estimated costs for investigation and/or remediation where such expenditures could be reasonably estimated. Future estimated costs may vary based on changes in regulations or requirements of federal, state, or local governmental agencies, changes in technology, and actual costs of disposal. In addition, future remediation costs will be affected by the nature and extent of contamination discovered at the sites that requires remediation. Given the prior history of the operations at its facilities, EME cannot be certain that the existence or extent of all contamination at its sites has been fully identified. However, based on available information, management believes that future costs in excess of the amounts disclosed on all known and quantifiable environmental contingencies will not be material to EME’s financial position. These excerpts taken from the EIX 10-K filed Feb 27, 2008. Hazardous
Substances and Hazardous Waste Laws
With respect to EME’s potential liabilities arising under
CERCLA or similar laws for the investigation and remediation of
contaminated property, EME accrues a liability to the extent the
costs are probable and can be reasonably estimated. Midwest
Generation has accrued approximately $3 million at
December 31, 2007, for estimated environmental
investigation and remediation costs for the Illinois Plants.
This estimate is based upon the number of sites, the scope of
work and the estimated costs for investigation
and/or
remediation where such expenditures could be reasonably
estimated. Future estimated costs may vary based on changes in
regulations or requirements of federal, state, or local
governmental agencies, changes in technology, and actual costs
of disposal. In addition, future remediation costs will be
affected by the nature and extent of contamination discovered at
the sites that requires remediation. Given the prior history of
the operations at its facilities, EME cannot be certain that the
existence or extent of all contamination at its sites has been
fully identified. However, based on available information,
management believes that future costs in excess of the amounts
Table of Contents
disclosed on all known and quantifiable environmental
contingencies will not be material to EME’s financial
position.
Hazardous Substances and Hazardous Waste Laws With respect to EME’s potential liabilities arising under CERCLA or similar laws for the investigation and remediation of contaminated property, EME accrues a liability to the extent the costs are probable and can be reasonably estimated. Midwest Generation has accrued approximately $3 million at December 31, 2007, for estimated environmental investigation and remediation costs for the Illinois Plants. This estimate is based upon the number of sites, the scope of work and the estimated costs for investigation and/or remediation where such expenditures could be reasonably estimated. Future estimated costs may vary based on changes in regulations or requirements of federal, state, or local governmental agencies, changes in technology, and actual costs of disposal. In addition, future remediation costs will be affected by the nature and extent of contamination discovered at the sites that requires remediation. Given the prior history of the operations at its facilities, EME cannot be certain that the existence or extent of all contamination at its sites has been fully identified. However, based on available information, management believes that future costs in excess of the amounts
Table of Contentsdisclosed on all known and quantifiable environmental contingencies will not be material to EME’s financial position. This excerpt taken from the EIX 10-K filed Feb 28, 2007. Hazardous Substances and Hazardous Waste Laws Under various federal, state and local environmental laws and regulations, a current or previous owner or operator of any facility, including an electric generating facility, may be required to investigate and remediate releases or threatened releases of hazardous or toxic substances or petroleum products located at that facility, and may be held liable to a governmental entity or to third parties for property damage, personal injury, natural resource damages, and investigation and remediation costs incurred by these parties in connection with these releases or threatened releases. Many of these laws, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, and the Resource Conservation and Recovery Act, impose liability without regard to whether the owner knew of or caused the presence of the hazardous substances, and courts have interpreted liability under these laws to be strict and joint and several. In addition, the federal Toxic Substances Control Act and accompanying regulations govern the manufacturing, processing, distribution in commerce, use, and disposal of listed compounds, including polychlorinated biphenyls, a toxic substance. Federal, state, and local laws, regulations and ordinances also govern the removal, encapsulation or disturbance of asbestos-containing materials when these materials are in poor condition or in the event of construction, remodeling, renovation or demolition of a building and other structures containing asbestos. In connection with the ownership and operation of its facilities, SCE may be liable for costs associated with hazardous waste compliance and remediation required by the laws and regulations identified herein. The CPUC allows SCE to recover in retail rates paid by its customers partial environmental remediation costs at certain sites through an incentive mechanism. Additional information about these laws and regulations appears in Note 6 of Notes to Consolidated Financial Statements. | EXCERPTS ON THIS PAGE:
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