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Covanta Holding CEO Discusses Q3 2011 Results - Earnings Call Transcript

Let me now turn to each of our markets and our initiatives to grow the business. Let’s start with waste on slide four. We had our third quarter in a row of improved year-over-year tip fee pricing. We’re also leveraging our internal capabilities to manage spot market exposure. We believe that we’ll be able to continue to do so throughout the rest of the year and into next year. We’re forecasting a full year tip fee price improvement of 1% to 2%.

Looking ahead to next year, and assuming the economy doesn’t slip back into recession, we anticipate our waste pricing will grow at inflationary rates supported contact escalators, relatively high diesel fuel cost and our growing special waste business.

We’re excited by the opportunities to add new customers who are committed to implementing a zero landfill solution. We had a small but public wind just the other day. A local hauler that contracts with us want to bid in Washington D.C. to convert Capitol Hill’s non-recycled waste into clean energy. In its press release, the architect of the Capitol stated, quote, “Under this new contract, instead of being placed in landfills, the waste will be burned, generating enough electricity to power an office building the size of the Dirksen or Longworth Building for several months.

Read the rest of this transcript for free on seekingalpha.com

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