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Waste Business Journal Weekly News Bulletin: Aug. 21-27, 2006

Headlines...

  1. New Orleans Landfill Forced to Close
  2. Casella Waste Announces Preliminary First Quarter Fiscal 2007 Results
  3. SPSA Asks For Loan Guarantee From Localities
  4. Georgia-based Nuclear Facility Finds Missing Spent Fuel Rods
  5. Waste-To-Energy Plant Sees Trash Issues
  6. Clean Harbors Completes Acquisition of Teris L.L.C.
  7. Covanta Names New CFO - Hired Away From Waste Services
  8. NSWMA Promotes Public Motorist Safety
  9. Safety-Kleen Completes Recapitalization as Turnaround Progresses

 

  1. New Orleans Landfill Forced to Close

    U.S. District Judge Carl Barbier rejected a request by Waste Management of Louisiana to continue use of its controversial New Orleans landfill. The Chef Menteur landfill was closed on Tuesday, August 15. Waste Management and the state Department of Environmental Quality both agree that the landfill is "environmentally and technically sound," and have argued that closing the landfill would lead to lengthy delays in clean-up from Katrina and cost the city millions of dollars...Read More »

  2. Casella Waste Announces Preliminary First Quarter Fiscal 2007 Results

    Casella Waste Systems, Inc. (Nasdaq: CWST), said that earnings for its first quarter of fiscal year 2007 would be slightly lower resulting in a net loss per share of $(0.02) to $(0.04). The company blamed record level rainfall in the Northeast that suppressed roll-off pulls, especially in Massachusetts, and drove up leachate treatment expenses and other related costs at its landfills...Read More »

  3. SPSA Asks For Loan Guarantee From Localities

    Southeastern Public Service Authority, a regional waste authority in Virginia, is asking localities, including Virginia Beach, Norfolk, Portsmouth, Suffolk, Franklin and Isle of Wright, to guarantee a bank loan of $22 million for improvements. These improvements include $7 million to expand the Regional Landfill in Suffolk, which is running low on capacity, $2.6 million to upgrade SPSA's power plant in Portsmouth, and money to replace aging hauling equipment...Read More »

  4. Georgia-based Nuclear Facility Finds Missing Spent Fuel Rods

    More than five feet of spent nuclear rods, originally reported as missing last fall from Georgia-based utility Southern Company's Hatch nuclear reactors, never left the company, according to company officials. Discrepancies at three other nuclear power facilities and a subsequent NRC requirement lead to an exhaustive inventory of all spent fuel rods. While approximately 18 inches of material remains unaccounted for, the audit concluded that none of the missing material is due to theft or diversion - more likely it is onsite in fragmented or otherwise unobservable but contained condition; or it was previously shipped to a licensed disposal facility...Read More »

  5. Waste-To-Energy Plant Sees Trash Issues

    830,000 tons of waste is dumped annually at Hartford's Connecticut Resources Recovery Authority's Mid-Connecticut Project, one of six waste-to-energy plants in Connecticut. About 2,000 tons of burnable waste is combusted there daily, producing about 1,400 megawatt hours of power. The waste-to-energy plants are an attempt to produce some good from American's disposable culture...Read More »

  6. Clean Harbors Completes Acquisition of Teris L.L.C.

    Clean Harbors, Inc. (Nasdaq: CLHB) completed its acquisition of Teris L.L.C., an environmental services firm based in Dallas, Texas for $52.7 million in cash from SITA USA, Inc. a subsidiary of Suez Environnement, S.A. Teris operates an incineration facility in El Dorado, Ark. and a TSD in Wilmington, CA. Clean Harbors expects to achieve economies-of-scale from the acquisition which will better utilize the Teris operations as well as enhance Clean Harbors' broad array of services...Read More »

  7. Covanta Names New CFO - Hired Away From Waste Services

    Covanta Holding Corp. (NYSE: CVA) has appointed Mark A. Pytosh to the position of Senior Vide President and Chief Financial Officer. Pytosh had been in a similar position at Waste Services, Inc. Prior to that; he had been a managing director at Lehman Brothers culminating 15 years of investment banking experience. Meanwhile, Waste Services has initiated a search for a new CFO...Read More »

  8. NSWMA Promotes Public Motorist Safety

    The National Solid Wastes Management Association (NSWMA) and its president and CEO Bruce Parker recently voiced outrage at the "disturbing number of fatalities to solid waste employees occurring because motorists are distracted or speed up to get around sanitation trucks." Last year NSWMA partnered with Rumpke and McNeilus Trucks to create the "Slow Down to Get Around" program, designed to raise public awareness of the serious issue...Read More »

  9. Safety-Kleen Completes Recapitalization as Turnaround Progresses

    Safety-Kleen recently completed a major recapitalization that included a $100 million rights offering to purchase the company's common stock and $395 million debt facility that allowed the elimination of senior subordinated debt, repayment of current bank credit facilities and redemption of preferred stock giving the company more flexibility and lower future interest expenses...Read More »

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