RUTLAND, Vt., Feb. 03, 2016 (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 permit to expand the Ontario County landfill disposal area by 43.5 acres, or by approximately 15.7 million cubic yards, which will create approximately 13 years of additional airspace at the current run-rate.
The landfill located in Seneca, New York is currently permitted to accept up to 917,694 tons per year of municipal solid waste (MSW).
“We are very excited to receive this important permit increase at the Ontario County landfill,” said John W. Casella, chairman and chief executive officer of Casella Waste Systems, Inc. “With this permit issuance we are well positioned to continue to meet New York state’s solid waste disposal needs into the future.”
“Over the last 12 years we have worked closely with Ontario County and the Town of Seneca to develop the landfill and co-located Zero-Sort® recycling infrastructure 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 partnership, most notably through funding of projects within Ontario County aimed at recycling, diversion and education initiatives, including continuing the successful scholarship program.”
Casella Waste Services of Ontario, LLC is the operator of the facility and entered into a 25-year operating agreement with Ontario County in December 2003. On December 4, 2015, the NYSDEC issued the Part 360 and wetlands permits, and on January 26, 2016 the NYSDEC issued the Title V air permit, the final permit necessary for the expansion of the site.
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” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. 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,” “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 we operate and management’s beliefs and assumptions. We cannot guarantee that we actually will achieve the financial results, plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of our 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 our forward-looking statements. There are a number of other important risks and uncertainties that could cause our 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 our Form 10-KT for the transition period ended December 31, 2014 and in our Form 10-Q for the quarterly period ended September 30, 2015.
We undertake 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.
CONTACT: Investors: Ned Coletta Chief Financial Officer (802) 772-2239 Media: Joseph Fusco Vice President (802) 772-2247 http://www.casella.com