The council is exploring its landfilling options for when its existing landfill contract with Waste Management expires at the end 2019.
Republic's revenue increased 7.5 percent over the prior year, the company's highest level of growth in more than eight years.
The law focuses on two main areas: fuel cells and WTE power plants.
The plan excludes incineration of municipal and medical waste from its list of renewable options.
The facility also recycles more than 35,000 tons of metal annually.
The Fairless Hills, Pa. facility is slated to fully launch this summer.
Covanta CEO Stephen Jones sees opportunity for some expansion of WTE facilities in the U.S. and new projects overseas.