WEATHERFORD INTL: Has $90M Cost for Oil-for-Food Program Matter

Weatherford International Ltd. disclosed in its latest Quarterly Report on Form 10-Q filed with U.S. Securities and Exchange Commission that in relation with its oil-for-food program, during the nine months ended Sept. 30, 2008, it incurred US$57 million for costs…

NICOR INC: ICC Review on Unit’s Proposed Rate Hike Ongoing

The Illinois Commerce Commission’s review of Northern Illinois Gas Co. d/b/a Nicor Gas Co.’s proposed rate increase is ongoing, according to Nicor Inc.’s latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission.

Nicor Gas is Nicor…

WEATHERFORD INTL: Probe on Oil-for-Food Program Still Ongoing

Weatherford International Ltd. disclosed in its latest Quarterly Report on Form 10-Q filed with U.S. Securities and Exchange Commission that it continues to be involved in government and internal investigations involving various of its operations.

The Company participated in the United…

ASHLAND INC: 31 Agent Orange Injury Actions Ongoing v. Hercules

Ashland Inc. says that its subsidiary, Hercules Incorporated, during the fiscal year ended Sept. 30, 2008, is a defendant in about 31 lawsuits (including two purported class actions) where plaintiffs allege that exposure to Agent Orange caused them to sustain…

ASHLAND INC: Continues to be Involved in MTBE Litigation in N.Y.

Ashland Inc. continues to be a defendant in cases alleging methyl tertiary-butyl ether (MTBE) contamination in groundwater.

Nearly all of 30 such cases have been consolidated in a multi- district litigation in the Southern District of New York for preliminary proceedings.…

HELMERICH & PAYNE: Review of Units’ Customs Past Payment Ongoing

A review on the legality of certain past payments by one of Helmerich & Payne, Inc.’s subsidiaries over the passage of materials through customs in Latin America is ongoing.

In connection with the Company’s Foreign Corrupt Practices Act training, questions were…

ASHLAND INC: Dow, Monsanto Appeal in Agent Orange Cases Pending

The appeals of The Dow Chemical Company and Monsanto Company in cases related to Agent Orange, which also involve Ashland Inc.’s subsidiary Hercules Incorporated and other companies, are pending.

Agent Orange is a defoliant that was manufactured by several companies, including…

TARGA RESOURCES: WTG Gas Processing Case Appeal Pending in Texas

An appeal filed by WTG Gas Processing in a lawsuit filed against Targa Resources, Inc., certain of its subsidiaries, and other parties, is ongoing.

On Dec. 8, 2005, WTG filed suit in the 333rd District Court of Harris County, Tex., against…

TARGA RESOURCES: Appeal in Versado Case Ongoing in Supreme Court

Targa Resources, Inc. says that an appeal filed by Versado Gas Processors, LLC, and Dynegy Midstream Services, Limited Partnership is pending before the Supreme Court of Texas.

In May 2002, Apache Corporation filed suit in Texas state court against Versado Gas…

XCEL ENERGY: PSCW to Review 2008 Fuel Cost Recovery in 2009

Xcel Energy Inc.’s subsidiary, Northern States Power Company- Wisconsin, expects the Public Service Commission of Wisconsin to conduct a final review of NSP-Wisconsin’s 2008 Electric Fuel Cost Recovery case in 2009, the Company disclosed in its latest Quarterly Report on…

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