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RUTLAND, Vt., Sept. 06, 2018 (GLOBE NEWSWIRE) -- 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.
Chief Financial Officer