Independent Power Producers and Energy Traders
Company Overview of Covanta Energy Corporation
Covanta Energy Corporation owns and operates energy-from-waste and power generation projects. Its facilities convert municipal solid waste into renewable energy. Covanta Energy Corporation 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
Founded in 1939
Key Executives for Covanta Energy Corporation
Chief Operating Officer and Executive Vice President
President of Asia Pacific
Compensation as of Fiscal Year 2013.
Covanta Energy Corporation Key Developments
Covanta Energy Corporation and Turning Earth, LLC Announce Partnership to Provide Organics Recycling to Connecticut Municipalities and Businesses
Oct 28 13
Covanta Energy Corporation and Turning Earth, LLC an integrated organics recycling company announced a new partnership to provide organics recycling to Connecticut municipalities and businesses. The 10-year agreement calls for Turning Earth to build, own and operate an integrated organics recycling facility in central Connecticut to which Covanta will divert organic waste for beneficial reuse in partnership with municipalities and commercial customers. Covanta and Turning Earth will explore future opportunities in the Connecticut and Massachusetts region. The facility will be powered by the Aikan(TM) Technology, a patented high solids anaerobic digestion (HSAD) and in-vessel composting system which converts organic waste streams into several valuable and environmentally beneficial products including renewable base load energy and high quality compost. Organic waste residuals provided by Covanta will come from Connecticut communities and businesses and will be comprised of yard waste, food waste and other organic waste streams. The facility will be powered by the Aikan(TM) Technology, a patented high solids anaerobic digestion (HSAD) and in-vessel composting system which converts organic waste streams into several valuable and environmentally beneficial products including renewable base load energy and high quality compost. Organic waste residuals provided by Covanta will come from Connecticut communities and businesses and will be comprised of yard waste, food waste and other organic waste streams.
Ovanta Energy Corporation Receives Commitments from Lenders to Lower the Pricing on its Senior Secured Term Loan B Facility Due 2019
Apr 3 13
Covanta Energy Corporation, a subsidiary of Covanta Holding Corporation, received commitments from lenders to lower the pricing on its senior secured term loan b facility due 2019. Effective march 29, 2013, the term loan bears interest at LIBOR + 2.75% with a 0.75% LIBOR floor versus the prior rate of LIBOR + 3.00% with a 1.00% LIBOR floor. Soft call protection for the term loan lenders was extended from March 29, 2013 to September 29, 2013. the foregoing description of the first amendment, dated as of march 12, 2013, to the credit and guaranty agreement, dated as of march 28, 2012 is qualified in its entirety by reference to the term loan amendment.
Covanta Energy and Clean Energy Partner to Build Natural Gas Stations at Covanta Facilities
Jan 3 13
Covanta Energy Corporation and Clean Energy Fuels Corp. announced an agreement to co-develop compressed natural gas (CNG) stations at select Covanta facilities throughout the U.S. The two companies will work together to identify Covanta sites on which to construct CNG stations. Each station will provide compressed natural gas for a minimum of 30 refuse trucks a day and depending on the location, will be accessible to the public for CNG fueling. The first Clean Energy CNG station at a Covanta facility will open at the Essex County Resource Recovery Facility in Newark, N.J. later this month. The station will provide cleaner, cost-efficient, domestic CNG fuel for the growing numbers of CNG refuse trucks that serve communities and businesses throughout the Northern New Jersey and New York City area. The two companies are currently evaluating Covanta sites throughout the country to build additional CNG stations.
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