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Four Companies Submit Offers to Buy Two Trash Plants From SPSA

August 17, 2008

By JEN MCCAFFERY

By Jen McCaffery

The Virginian-Pilot

PORTSMOUTH

Four companies have now entered bids to buy two Portsmouth trash plants from the regional waste authority.

The Southeastern Public Service Authority announced Friday that it had received bids from three companies by its deadline: Wheelabrator Technologies Inc. of Hampton, N.H.; Energy Answers International Inc. of Albany, N.Y.; and Fortistar LLC, which is based in White Plains, N.Y.

Those bids join an unsolicited proposal made May 28 by Covanta Energy Corp., based in Fairfield, N.J.

SPSA staff will review the proposals and report them to the organization’s board at a closed-session meeting Aug. 27, according to a news release.

The two plants, which straddle Victory Boulevard on Portsmouth’s waterfront, have worked together since 1988.

They convert about 12,500 tons of garbage and trash per week into steam and electric energy, which are respectively sold to the U.S. Navy and AEP, a power company, according to the release.

The trash authority has talked about selling off some of its public assets to help streamline operations.

The organization faces an estimated $240 million in debts.

Jen McCaffery, (757) 446-2627,

jen.mccaffery@pilotonline.com

what’s next

SPSA staff will review the proposals and report them to the organization’s board at a closed-session meeting Aug. 27, according to a news release.

Originally published by BY JEN MCCAFFERY.

(c) 2008 Virginian – Pilot. Provided by ProQuest LLC. All rights Reserved.




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