Casella Waste Systems, Inc. Announces Permit Expansion at the Ontario County Landfill
04 February 2016 - 12:41AM
Casella Waste Systems, Inc. (Nasdaq:CWST), a regional solid waste,
recycling and resource management services company, announced that
the New York State Department of Environmental Conservation
(“NYSDEC”) issued a permit to expand the Ontario County landfill
disposal area by 43.5 acres, or by approximately 15.7 million cubic
yards, which will create approximately 13 years of additional
airspace at the current run-rate.
The landfill located in Seneca, New York is currently permitted
to accept up to 917,694 tons per year of municipal solid waste
(MSW).
“We are very excited to receive this important permit increase
at the Ontario County landfill,” said John W. Casella, chairman and
chief executive officer of Casella Waste Systems, Inc. “With
this permit issuance we are well positioned to continue to meet New
York state’s solid waste disposal needs into the future.”
“Over the last 12 years we have worked closely with Ontario
County and the Town of Seneca to develop the landfill and
co-located Zero-Sort® recycling infrastructure into an
environmental asset that creates substantial value for the
community and our stakeholders,” Casella said “We look
forward to further building upon this strong partnership, most
notably through funding of projects within Ontario County aimed at
recycling, diversion and education initiatives, including
continuing the successful scholarship program.”
Casella Waste Services of Ontario, LLC is the operator of the
facility and entered into a 25-year operating agreement with
Ontario County in December 2003. On December 4, 2015, the
NYSDEC issued the Part 360 and wetlands permits, and on January 26,
2016 the NYSDEC issued the Title V air permit, the final permit
necessary for the expansion of the site.
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, investors should
contact Ned Coletta, chief financial officer at (802) 772-2239, and
media should contact Joseph 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 “believe,” “expect,” “anticipate,” “plan,”
“may,” “would,” “intend,” “estimate,” “guidance” 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 industry and markets
in which we operate and management’s beliefs and assumptions. We
cannot guarantee that we actually will achieve the financial
results, plans, intentions, expectations or guidance 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. 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-KT for the transition period
ended December 31, 2014 and in our Form 10-Q for the quarterly
period ended September 30, 2015.
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.
Investors:
Ned Coletta
Chief Financial Officer
(802) 772-2239
Media:
Joseph Fusco
Vice President
(802) 772-2247
http://www.casella.com
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