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April 24, 2015 8:30 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Covanta Energy Corporation

Company Overview

Covanta Energy Corporation is a holding company, which through its subsidiaries constructs, owns, and operates energy-from-waste and power generation projects. The company’s facilities convert municipal solid waste into renewable energy. It also operates independent power facilities in the United States, Asia, and Europe. The company was formerly known as Ogden Corporation and changed its name to Covanta Energy Corporation in March 2001. The company was incorporated in 1939 and is based in Morristown, New Jersey. As of March 10, 2004, Covanta Energy Corporation operates as a subsidiary of Covanta Holding Corporation.

445 South Street

Morristown, NJ 07004

United States

Founded in 1939

1,800 Employees





Key Executives for Covanta Energy Corporation

Chief Operating Officer and Executive Vice President
Age: 55
Senior Vice President
Age: 76
Chief Sustainability Officer and Senior Vice President
Director of Energy
Compensation as of Fiscal Year 2014.

Covanta Energy Corporation Key Developments

Covanta Energy Corporation Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-03-2014 02:10 PM

Covanta Energy Corporation Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-03-2014 02:10 PM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Jim Reilly, Vice President & Treasurer.

Covanta Energy Corporation Signs New Agreement with City of Boston for Sustainable Waste Disposal

Covanta Energy Corporation has announced a new agreement with the city of Boston for sustainable waste disposal. The five-year contract will send approximately 140,000 tons of waste per year to Covanta's Energy-from-Waste (EfW) facilities in Massachusetts. The new agreement begins July 1, 2014. This new contract term continues its current 14-year long standing partnership. By choosing energy-from-waste, the City is able to generate clean energy from solid waste and reduce greenhouse gas emissions that would have been created had they chosen to send their waste to landfills. Covanta's EfW facilities provide Massachusetts communities, including Boston, with an environmentally superior alternative to landfilling their municipal solid waste and generate enough electricity to power 120,000 homes in the state. Recovering energy from waste after efforts to reduce, reuse and recycle is a critical component of sustainable waste management. For every ton of municipal solid waste processed at EfW facilities, greenhouse gas emissions are reduced by the equivalent of approximately one ton. This is due to the avoidance of methane from landfills, the offset of greenhouse gases from fossil fuel electrical production, and the recovery of metals for recycling.

Covanta Energy Corporation Announces Partnership with Nine Western Massachusetts Municipalities

Covanta Energy Corporation announced a new partnership with nine Western Massachusetts municipalities for sustainable waste management services. The company will provide sustainable waste disposal at the Covanta Springfield Energy-from-Waste facility, in addition to other waste services. The company is the owner/operator of the Covanta Springfield Energy-from-Waste facility in Agawam where eight of the nine municipalities have disposed their municipal solid waste since the facility was built in 1988. The original eight municipalities, Belchertown, East Longmeadow, Granville, Greenfield, Longmeadow, Ludlow, Southwick and Wilbraham bonded with one additional community, Shutesbury and partnered with the company to reach a new agreement. The nine municipalities will send approximately 25,000 tons of municipal solid waste to the Covanta Springfield Energy-from-Waste facility which provides area communities with an environmentally superior alternative to landfilling and generates clean, renewable electricity for 5,000 homes. The company will also provide electronic waste recycling, organics recycling, secure medication and bulk waste disposal. The new agreement is slated to begin in July 2014 with an initial term of three years followed by mutual extension options.

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