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Covanta Energy: Operator of Waste Incinerator
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Covanta Energy Corporation (website), a New Jersey-based conglomerate, has operated a 24 megawatt municipal waste incinerator in Stanislaus County since 1988. Proposition 7 contains a provision explicitly allowing this plant to be counted as an eligible renewable energy resource -- a "clean energy facility" in the Proposition's parlance.
In 2002 Covanta Energy Corporation filed for bankruptcy under Chapter 11. 1 Subsequently Danielson Holding Corporation acquired Covanta Energy Corporation, making it a wholly owned subsidiary. 2
Covanta has been named one of the top 40 "primary responsible parties" at a New Hampshire Superfund site, and will have to pay its share of a $48 million cleanup there. 3
References
2. Covanta Energy Corporation, FundingUniverse.com, [cached]
3. Company seeking to build trash port is trying new type of venture, HamptonRoads.com, 10/9/2006 [cached]