Ensuring affordable, long term, and environmentally sound disposal of MSW

Who is buying the Coastal Resources of Maine facility?

Initially the bondholders and their trustee chose Delta Thermo Energy
(DTE), a Pennsylvania- based company and entered into an exclusive agreement via a Memo of Understanding (MOU) containing certain mutually agree-to provisions.

In June, however the MRC and the bondholders declared that DTE had failed to adhere to the MOU and so revoked DTE’s exclusive right to pursue buying the plant and began to entertain other offers.

At present, the Bondholder Trustee and the MRC are vetting new bids, while DTE continues to pursue financing.

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