XML 58 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
U.S. Treasury Grant
6 Months Ended
Jun. 30, 2012
U.S. Treasury Grant

18. U.S. Treasury Grant

On April 5, 2012, PCA’s application for a U.S. Treasury Section 1603 Grant for Specified Energy property was approved for the Valdosta energy optimization project. The Company received the grant proceeds of $57.4 million on April 11, 2012 and recorded the proceeds as a reduction to the cost of the related property, plant and equipment. These proceeds will be amortized ratably over the estimated useful lives of the related equipment.