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Covanta Holding Corporation To Present At The Merrill Lynch Power & Gas Leaders Conference

September 22, 2008

To: ENVIRONMENTAL EDITORS

Contact: Vera Carley, Media Relations Manager, +1-973-882-2439, for Covanta Holding Corporation

FAIRFIELD, N.J., Sept. 22 /PRNewswire-FirstCall/ — Covanta Holding Corporation (NYSE: CVA) is scheduled to participate in the Merrill Lynch Power & Gas Leaders Conference on Tuesday, September 23, 2008. Executive Vice President and CFO Mark Pytosh will be speaking at 1:15 pm EDT.

A live webcast of Covantas presentation will be available at http://www.veracast.com/webcasts/ml/powergas08/13106226.cfmand archived through October 7, 2008. The webcast and our presentation materials can also be accessed through the Investor Information — Investor Presentation section of the Covanta Holding Corporation website atwww.covantaholding.com.

About Covanta

Covanta Holding Corporation (NYSE: CVA), is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy. Covantas 38 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta’s modern Energy-from-Waste facilities safely and securely convert more than 16 million tons of waste into more than 8 million megawatt hours of clean renewable electricity and create 10 billion pounds of steam that are sold to a variety of industries. For more information, visitwww.covantaholding.com.

SOURCE Covanta Holding Corporation

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