Music video about the Bethlehem landfill (Concord, Rochester: 2009, credit, loan)

[Slalom]

Most people here are probably aware of Bethlehem's struggle with Casella Waste Systems. Seems like some of the Bethlehem folks have found a creative outlet for voicing their opinions. This is really worth watching!


YouTube - "Somewhere Over The (Casella Waste Systems) Landfill" music video!

[Slalom]

For anyone interested in an update of this, apparently Casella has filed a lawsuit against the NH Department of Environmental Services because Casella applied for a permit and NH DES denied the application due to concerns about groundwater quality and concerns about the design.

[buck naked]

there are only two landfills in NH - Rochester's turnkey and the Bethlehem site. What basis is Casella filing a lawsuit on? DES has valid concerns.

Rochester is not much better. The good thing about Rochester's site is the methane gas line to UNH. Trash to energy......

[buck naked]

Casella ended its 2004 fiscal year with revenues of $439.7 million and operating income of $32.8 million.

NH's Publicly-Traded Landfill Operations | North America > United States from AllBusiness.com

[Slalom]

Originally Posted by buck naked

Casella ended its 2004 fiscal year with revenues of $439.7 million and operating income of $32.8 million.

NH's Publicly-Traded Landfill Operations | North America > United States from AllBusiness.com

Standard & Poor's doesn't think much of the company, apparently:

S&P cuts Casella ratings citing financial woes: Financial News - Yahoo! Finance

They've been cut to a BB-, and their recovery rating is as low as they go.

In 2008 they had a loss of $4m (that's not including the "discontinued items" line -- that's an extra $4m buck loss) on revenues of $580m.

Interest expense is KILLING them ($43m in 2008 up from $33m in 2006), and lower S&P rating ain't gonna help 'em any with that.

[countrylv22]

Originally Posted by Slalom

For anyone interested in an update of this, apparently Casella has filed a lawsuit against the NH Department of Environmental Services because Casella applied for a permit and NH DES denied the application due to concerns about groundwater quality and concerns about the design.

Thank you so much "SLALOM"

I appreciate your initial post & for keeping us informed on this!

I was not able to view the video from your post, but I GOOGLED it, and

found it. The whole thing is SAD!! I hope & wish they would just

leave NH!!! They are not just bringing TRASH from the State of NH, but from

other states as well! Why does NH have to be the DUMPING ground

for several states!!??? What a shame!!


And of course its AFFECTING the groundwater,

the soil & the AIR we breathe!!

THANK YOU "SLALOM" Please keep us posted!

Take care,

Countrylv22

[CometVoyager]

Originally Posted by Slalom

Most people here are probably aware of Bethlehem's struggle with Casella Waste Systems. Seems like some of the Bethlehem folks have found a creative outlet for voicing their opinions. This is really worth watching!


YouTube - "Somewhere Over The (Casella Waste Systems) Landfill" music video!

Thanks Slalom! Great Post! This is truly a bad mark for NH but I am hopeful it will be shut down and cleaned up soon!

[Slalom]

For anyone interested, yesterday the Concord Monitor did an article about the lawsuit against the State:

Concord Monitor - Waste firm sues state over denied permit

I like the former State Rep's statement at the end of the article:

"What you're seeing in the lawsuit is how the town has been treated for many years," McLeod said. "Now it's moving into the sphere of the state."

Too true.

[Slalom]

Casella stock has completely crashed. Six months ago, it was over $14 per share. Today it was 55 cents. They had a conference call last week and I guess they're having trouble with their banks or something. They have a HUGE amount of debt for a waste company, so if the banks don't renew their loan, they have a lot of money (hundreds of millions) that they're going to have to come up with.

[Slalom]

Here's an update for anyone who is curious. First two paragraphs are excerpted below, much more at the link. I guess that that leak wasn't "hypothetical" after all.

The truly sad thing is that this dump is located on top of an aquifer.

Concord Monitor - Landfill finds contaminant leaks

Concord Monitor
October 25, 2009

Landfill finds contaminant leaks
Company denied breach for months
by Chelsea Conaboy, Monitor staff

Operators of a large commercial landfill in Bethlehem have found leaks in the containment systems meant to prevent contaminants from escaping into groundwater. That acknowledgement comes after months of denials that such leaks were possible.



North Country Environmental Services, a subsidiary of Casella Waste Systems, has stayed a lawsuit against the state that said the Department of Environmental Services could not deny its application to expand the landfill based on a "hypothetical liner leak."...