Pasco County Florida Has Plans to Expand Burn Plant
Pasco County Florida Commissioners agreed to pursue a $160 million bond issue to finance an expansion of their waste-to-energy plant. The proposed expansion would increase daily operating capacity by 600 tons making it viable for the next 20 years. Meanwhile, the county will sign a four-year contract with Waste Services Inc. to haul the 61,000 tons excess waste annually to Osceola County...Read More »
St. Lucie Florida to Finalize Agreement on Plasma Arc Facility
St. Lucie County Florida hopes to soon finalize its land lease agreement with Atlanta-based Geoplasma LLC. to move forward with the planned plasma-arc gasification plant. The $450 million facility will be built on county land where it will process county waste but will be built and financed by Geoplasma. The agreement has boiled down to details about insurance and environmental concerns particularly mercury emissions which the company promises will be well below state guidelines. The target startup date is for the summer of 2008. The facility will be built on the former 331-acre St. Lucie County landfill where it will process waste from the county and reclaimed from the landfill...Read More »
McDowell County West Virginia Opens New 600 Thousand Ton per Year Landfill
McDowell County West Virginia recently cut the ribbon on a new 175-acre 50,000 ton per month landfill near the town of Welch. The $24 million Copper Ridge Landfill will be operated by Manassas, Va.-based EnviroSolutions Inc. will initially only accept wastes from the county, but will eventually accept out-of-state waste by rail. Negotiations continue on the rail aspect of the project. McDowell County has been working since 1988 to develop the landfill...Read More »
Connecticut Resources Recovery Authority Will Have to Pay $35.9 Million
The Connecticut state Supreme Court has denied a request by the Connecticut Resources Recovery Authority to stay an order that it pay $35.9 million to 70 municipalities that had sued the agency. The municipalities had alleged in their suit that they were being forced to pay higher tipping fees at the CRRA's Hartford WTE because of the agency's failed $220 million loan to now defunct Enron. Superior Court Judge Dennis G. Eveleigh in Waterbury ruled in June that the agreement, originally characterized by CRRA as an energy transaction, was nothing more than an illegal, unsecured loan. Enron only repaid $17.6 million before declaring bankruptcy in December 2001...Read More »
Deffenbaugh Industries Scales Back Slightly Due to Crimp in Housing
Shawnee Mission, KS-based Deffenbaugh Industries Inc. recently laid off 40 employees citing the downturn in the housing market as having hurt operations. However, the company has close to 2,000 employees companywide and most of the layoffs are heavy-equipment operators who worked in the company's rock quarries, a business that is directly related to construction, not waste management. Deffenbaugh is the biggest privately owned waste company in the region...Read More »
Waste Connections Refinances and Boosts Borrowing Capacity
Waste Connections completed a refinancing of its credit facility which increases it by $50 million and extends the maturity to 2012 resulting in a pretax savings of $1 million annually. The company has about $520 million utilized, including outstanding letters of credit, and an additional $480 million of either available or pre-approved capacity under its credit facility. Ronald Mittelstaedt, CEO, said that "despite continuing turmoil in the credit markets, we were successful in further reducing our borrowing costs and increasing available capacity to fund our growth strategy."...Read More »
Waste Connections to Announce Third Quarter Earnings on October 22
Waste Connections plans to announce third quarter earnings at the close of the markets on October 22. They will host a conference call the following day at 8:30 a.m. eastern to discuss...Read More »
Casella Wins Expansion of its Hakes C&D Landfill in Campbell, NY
Casella Waste Systems won an expansion at its Hakes construction and demolition (C&D) landfill in Campbell, New York. The permit modification increases the annual permit to 457,164 tons per year from 306,000 tons per year effective September 11, 2007. "We are pleased with the successful effort to expand the annual capacity at Hakes, thereby adding value to this investment," said John W. Casella, chairman and chief executive officer of Casella Waste Systems...Read More »
Waste Management to Announce Third Quarter Earnings on October 26
Waste Management will host a conference call on October 26 at 9 a.m. Central to discuss third quarter financial results to be released that morning...Read More »
Allied Waste to Announce Third Quarter Earnings on October 31
Allied Waste Industries will announce third quarter financial results at the close of markets on October 31. A conference call will follow at 5 p.m. eastern in which management will discuss those results...Read More »
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