(parent company of Covanta Energy Corp.)
Customers: Commercial/Industrial, Residential
Services: Transfer Stations, Landfills, Incineration/WTE
2009 Revenue: $1.55 bil.
2008 Revenue: $1.66 bil.
Projected 2010 Revenue: N/A
Covanta Holding Corp. is the parent company of Covanta Energy Corp., which owns and operates more than 40 waste-to-energy (WTE) plants across the United States. Combined, Covanta's WTE produce 8,000 Gigawatts-hours of renewable electricity per year, which creates enough energy to power the homes in the city of Philadelphia.
Covanta Holding Corp. reached an agreement in early July with Chicago-based Veolia Environmental Services North America Corp. to purchase most of Veolia's WTE business for $450 million. The deal, which Covanta says will close by the end of 2009, includes seven WTE facilities located in California, Florida, New York, Pennsylvania and Canada.