Covanta Reopens Tulsa Waste-to-Energy Plant

Date: November 12, 2008

Source: Covanta Energy

Covanta Reopens the Tulsa Energy-From-Waste Facility

Tulsa, Oklahoma, November 12, 2008 - Covanta Energy, a world leader in the development and operation of large scale Energy-from-Waste and other renewable energy projects and a wholly-owned subsidiary of Covanta Holding Corporation (NYSE: CVA), today announced the reopening of the Walter B. Hall Resource Recovery Facility.

The facility, which can process up to 1,125 tons of municipal solid waste per day and generate 240,000 pounds per hour of steam, is currently accepting commercial and residential household waste for processing into clean, renewable energy.

"The reopening of Tulsa's only Energy-from-Waste Facility demonstrates the continued need for both renewable energy and sustainable solid waste management solutions," said Seth Myones, President of Covanta Americas. "Further, this is a powerful indication of the strength of the Energy-from-Waste industry and our ability to generate clean energy from a sustainable fuel source, municipal solid waste."

Covanta acquired the Energy-from-Waste facility from CIT earlier this year and has been implementing environmental, safety, and operational improvements to the plant, which began commercial operation in 1986 but has not been open since June 2007. Steam generated by the conversion process will be sold to local refineries and used to generate electricity.

About Covanta
Covanta Energy is a subsidiary of Covanta Holding Corporation, 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. Covanta's 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 approximately 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, visit www.covantaholding.com

Contact:
Vera Carley
Media Relations Manager
1-973-882-2439

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