Casella Waste Systems, Inc. Announces a Permit Expansion at the Clinton County Landfill
07 September 2018 - 6:05AM
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 modified permit for the Clinton County Landfill
to increase the annual permit limit from 175,000 tons per year to
250,000 tons per year.
“We are thrilled to receive this important annual permit
increase at the Clinton County landfill,” said John W. Casella,
Chairman and CEO of Casella Waste Systems, Inc. “With this
important permit issuance, we are well positioned to continue to
meet the region’s disposal needs as other disposal facilities
continue to permanently close.”
“We have worked closely with Clinton County to develop this
landfill 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 public-private
partnership.”
New England Waste Services of N.Y., Inc., is the operator of the
facility and party to a 25-year operating agreement with Clinton
County. The NYSDEC issued the modified Part 360 permit on
August 30, 2018.
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". 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,” “will,” “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 the Company operates and management’s beliefs and
assumptions. The Company cannot guarantee that it actually
will achieve the plans, intentions, expectations or guidance
disclosed in the forward-looking statements made. Such
forward-looking statements, and all phases of the Company’s
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 its forward-looking statements. Such risks
and uncertainties include or relate to, among other things: the
Company may not fully recognize the financial benefits of this
permit modification due to an inability to source incremental
volumes to the site at appropriate rates. There are a number
of other important risks and uncertainties that could cause the
Company’s 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 the Company's Form 10-K for the
fiscal year ended December 31, 2017, and in other filings that
the Company may make with the Securities and Exchange Commission in
the future.
The Company undertakes 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 ColettaChief Financial Officer(802) 772-2239
Media:Joseph FuscoVice President (802) 772-2247
http://www.casella.com
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