Casella Waste Systems, Inc. Receives Permit to Accept MSW at the Company-Operated Juniper Ridge Landfill in Maine
07 March 2014 - 1:20AM
Casella Waste Systems, Inc. (Nasdaq:CWST), a regional solid waste,
recycling and resource management services company, said today that
it has received a permit from the State of Maine to accept in-state
municipal solid waste (MSW) directly at the state-owned,
company-operated Juniper Ridge Landfill in Old Town, Maine.
The company said the Maine Department of Environmental
Protection issued a permit allowing the company to dispose of
81,800 tons per year of MSW originating from Maine at the facility
through March 31, 2016. The permit was effective February 27,
2014.
The company also said that while it is currently accepting MSW
at Juniper Ridge under the conditions of the permit, it has filed
an appeal of those conditions with the Maine Board of Environmental
Protection, saying the permit provides for a smaller annual
disposal limit than requested, as well as a shorter permit term
than requested.
The company operates the state-owned Juniper Ridge landfill
under a 30-year operating and services agreement executed on
February 5, 2004. The 780-acre site is also permitted to take other
waste streams originating in Maine, including construction and
demolition material, ash from municipal solid waste incinerators
and fossil fuel boilers, front end processed residuals and bypass
MSW from waste-to-energy facilities, treatment plant sludge and
biosolids, and other approved special wastes. There are no annual
tonnage limitations on any materials other than MSW at the Juniper
Ridge landfill.
About Casella Waste Systems, Inc.
Casella Waste Systems, Inc., headquartered in Rutland, Vermont,
provides solid waste management services consisting of collection,
transfer, disposal, and recycling services in the northeastern
United States. For further information, contact Ned Coletta, chief
financial officer at (802) 772-2239, or Joe Fusco, vice president,
at (802) 772-2247, or visit the company's website at
http://www.casella.com.
Safe Harbor Statement
Certain matters discussed in this press release are
"forward-looking statements" intended to qualify for the safe
harbors from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
generally be identified as such by the context of the statements,
including words such as we "believe," "expect," "anticipate,"
"plan," "may," "will," "would," "intend," "estimate" and other
similar expressions, whether in the negative or affirmative. These
forward-looking statements are based on current expectations,
estimates, forecasts and projections about the disposition and the
industry and markets in which we operate and management's beliefs
and assumptions. We cannot guarantee that we actually will achieve
the plans, intentions or expectations disclosed in the
forward-looking statements made. Such forward-looking statements,
and all phases of our operations, involve a number of risks and
uncertainties, any one or more of which could cause actual results
to differ materially from those described in our forward-looking
statements. Such risks and uncertainties include or relate to,
among other things: we may be unable to source incremental landfill
volumes at appropriate pricing to fully utilize this new MSW
permit, we may be unable to extend the MSW permit beyond March 31,
2016 or increase the annual MSW tonnage allowed through our appeal
process; our permit is subject to challenge by citizen groups or
other factors beyond the company's control. There are a number of
other important risks and uncertainties that could cause our actual
results to differ materially from those indicated by such
forward-looking statements. These additional risks and
uncertainties include, without limitation, those detailed in Item
1A, "Risk Factors" in our Form 10-K for the year ended April 30,
2013.
We undertake no obligation to update publicly any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
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