Covanta Energy Corporation · Fairfield, NJ United States
Company Description
View Covanta Energy Corporation Locations On A US Map
This link will open in a new window
This link will open in a new window The power ball is back in Covanta Energy's court. The major operating arm of Covanta Holding , the power producer has interests in 60 power plants located in the Americas, Asia, and Europe. Its plants use a variety of fuels, including municipal solid waste, wood waste (biomass), landfill gas, water (hydroelectric), natural gas, coal, and heavy fuel. Covanta Energy has 30 waste to energy plants worldwide. These specialized plants can convert 16 million tons of waste into more than 8 million MW hours of electricity annually and create 10 billion pounds of steam that are sold to a variety of industries. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Covanta Energy Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 3,000 |
Covanta Energy Corporation Executives
28 executives listed for Covanta Energy Corporation's Fairfield, NJ location.
| Title | Name & Bio | Contact |
| Chairman | Samuel Zell | Network |
| President, CEO, and Director | Anthony Orlando | Network |
| SVP and COO | John Klett | Network |
Competition
Competitive Landscape for Covanta Energy Corporation
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Covanta Energy Corporation Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!