GE announced today that it has advised the U.S. Environmental Protection Agency (EPA) that it will perform the second and final phase of the Hudson River dredging project. “We engaged in intensive and constructive discussions with EPA, and the Agency’s decision reflects our discussions and many of our proposals,” said Ann R. Klee, GE’s Vice President of Corporate Environmental Programs. cost-effective way,” Klee said. GE also said it will take an after-tax charge of about $500 million in the fourth quarter of 2010 to help fund the remainder of the project. As discussed on December 14 with securities analysts, GE expects that positive items, including a favorable tax settlement, will offset this charge.