May 31, 2011
William J. Lindquist
, Chief Executive Officer of Waste Control Specialists ("WCS"), a wholly-owned subsidiary of Valhi, Inc. (NYSE: VHI), today praised the Texas Legislature for approving legislation that strengthens the partnership between the state of
and WCS to provide a
to a critical longstanding environmental challenge.
Noting the significant efforts and investments made by all three partners in developing a disposal facility, Mr. Lindquist said the legislature put the final piece in place by recognizing waste from outside the state was necessary to make the facility affordable and cost-effective for
generators, paving the way for disposal operations to begin later this year at the WCS site in
"The Texas Legislature put the best interests of
consumers and ratepayers first by devising a way to keep disposal costs low for
generators while providing tens of millions of dollars annually for the state budget through a voluntary access surcharge paid by generators outside the Texas Compact states of
," Lindquist said.
This legislation was sponsored by Senator
, both of whom represent
. The legislation received overwhelming support in the legislature; near unanimous approval in the Senate and three-quarters approval in the House of Representatives.
"Senator Seliger and Representative Lewis have taken a very conservative approach in this legislation, mindful of the fact that this facility will be owned by the state and that the investment must be sound," Lindquist said.