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An incinerator, went the logic, allowed a city to lock in a disposal price for 20 years or more.
So why not build it big? With the extra capacity, an incinerator could reap hefty profits by taking trash from elsewhere at escalating market rates As with office buildings and airlines, a space glut has led to fierce price-cutting as dump and incinerator owners compete for refuse.
In hindsight, the public sector got most of the risks and the private sector most of the rewards in building waste-to-energy facilities.
Moreover, many municipalities and their consultants overestimated the amount of trash they would be generating, failing to foresee sharp reductions from recycling and the recession; a slower economy generates less waste.
Cities therefore have been forced to bid for trash on the open market, often at disposal fees far below what their own residents must pay. Typically, the municipality provided financing; the company guaranteed the thing would work; the municipality guaranteed a certain amount of trash at a set price.
Then the market price for disposal plunged At its worst, a shortfall of trash begets a higher local dump fee to cover fixed costs, which chases away local haulers and begets a bigger shortfall: Westinghouse is the incinerator operator while the owner is the Ford Motor Credit Corp.
The incinerators are suffering a shortfall that could hittons this year. Under a so-called put-or-pay deal, the county pays for at least 1, tons even if it incinerates, or puts, less. WMX Technologies also owns a big dump in the county, and accepts trash that could be burned.
WMX took more than two million tons of trash to the dump during the eight months ended March 31, most of it from the Hurricane Andrew cleanup. The company says the hurricane trash was too wet to burn.
Wheelabrator is the operator of this 3, tpd incinerator, while Pinellas County is the owner. Ogden Martin is vendor, designer and operator. The affluent county, just north of Washington D. Westinghouse is the operator of this 2, tpd incinerator that went on line in June The facility is losing money So, while electricity changes hands these days between utilities at 1 cent to 3 cents a kilowatt hour, some incinerators can get as much as 11 cents.
Utilities are trying to limit new NUGs and renegotiate such high priced contracts. Niagara Mohawk Power Corp. Southern California Edison Co. According to another Wall Street Journal article published on Sept. Heymann, an analyst with NatWest Securities Corp. The industry also is suffering from too many incinerators and too little trash, which is pushing down prices.
And incinerators carry high fixed costs, making it easy for them to fall into the red when their operating rates decline, Mr. The solid and hazardous-waste-service businesses of Oak Brook, Ill. The jobs will be phased out by the end of About 70 percent of the writedown is in the incineration and fuels-blending area, underscoring a national overcapacity problem12k Likes, Comments - Wall Street Journal (@wsj) on Instagram: “President Donald Trump and North Korean leader Kim Jong Un shook hands at a summit in Singapore, a ”.
Wall Street Journal, Sept. 7, , S&P Places Debt Of Waste Management Firms Under Review. CHEMICAL WASTE MANAGEMENT, A 77% OWNED SUBSIDIARY OF WMX TECHNOLOGIES, TO CUT 1, JOBS. Dec 28, · The Wall Street Journal/Europe had a circulation of 57, in the first half of A final decision on the venture will be made early next year, Mr.
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