2008 Annual Report - Hubbell Wiring Device-Kellems

Inability to access capital markets may adversely affect our business.Our ability to invest in our business and make strategic acquisitions may require access to the capital markets.If we are unable to access the capital markets, we could experience a material adverse affect on our business andfinancial results.We are subject to litigation and environmental regulations that may adversely impact our operatingresults.We are, and may in the future be, a party to a number of legal proceedings and claims, including thoseinvolving product liability and environmental matters, which could be significant. Given the inherent uncertainty oflitigation, we can offer no assurance that a future adverse development related to existing litigation or any futurelitigation will not have a material adverse impact to our business. We are also subject to various laws and regulationsrelating to environmental protection and the discharge of materials into the environment, and we could incursubstantial costs as a result of the noncompliance with or liability for clean up or other costs or damages underenvironmental laws.We face the potential harms of natural disasters, terrorism, acts of war, international conflicts or otherdisruptions to our operations.Natural disasters, acts or threats of war or terrorism, international conflicts, and the actions taken by the UnitedStates and other governments in response to such events could cause damage to or disrupt our business operations,our suppliers or our customers, and could create political or economic instability, any of which could have anadverse effect on our business. Although it is not possible to predict such events or their consequences, these eventscould decrease demand for our products, make it difficult or impossible for us to deliver products, or disrupt oursupply chain.Item 1B.NoneUnresolved Staff Comments10