Date: November 14, 2009
Source: News Room
Wheelabrator Technologies said it is willing to buy the Southeastern Public Service Authority (SPSA) for $240 million, matching a similar offer from ReEnergy Holdings. Wheelabrator, a subsidiary of Waste Management, said it would prefer to buy only the Portsmouth waste to energy plant as previously proposed for $150 million. Both companies argue that their deals will help SPSA pay down its debt and dramatically reduce disposal fees charged to the eight member municipalities, six of which are paying the highest rates in the country.
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