Dive Summary:

• Covanta Energy (NYSE: CVA) and Waterbury, Connecticut secured a deal that has the waste-to-energy firm disposing of the city's 40,000 tons of solid waste per year.
• The contract also includes 5,000 tons of recyclable materials be collected.
• The agreement was implemented on July 1, 2013 and will last for the next five years.

From the article:

“The new agreement saves taxpayers at least $2 million,” commented Waterbury Mayor Neil M. O’Leary.

As part of the agreement, Covanta and Waterbury have agreed to establish an educational outreach program for the citizens of Waterbury, which will cover a variety of projects including recycling education and hazardous household waste collections.

Covanta also said that since the end of 2011 it has added a number of new partner municipalities in Connecticut including East Hartford, Enfield, Guilford, Madison, Newington, Southbury, Vernon, West Hartford and Windsor Locks.