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Copyright 2008-10,
CaliforniaPHOTON.com
V 1.06
site last updated: 6/26/2010

C a l i f o r n i a   P H O T O N

Covanta Energy: Operator of Waste Incinerator

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

1. COMPANY NEWS; COVANTA ENERGY FILES FOR BANKRUPTCY, NYTimes.com, 4/2/2002 [cached]
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]