UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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| Item 8.01 | Other Events. |
Waste Connections, Inc. (the “Company”) expects to record an increase to its landfill closure and post-closure liabilities in the amount of approximately $160 million in its Form 10-K for the fiscal year ending December 31, 2023. This increase in estimated costs for facility closure and post-closure obligations is attributed to addressing and mitigating the impacts of an Elevated Temperature Landfill Event (“ETLF”) occurring in a non-active area of the Chiquita Canyon Landfill in Southern California. The ETLF impacts are site-specific, area-specific and expected to be non-recurring in nature. The additional projected costs relate to the handling and processing of incremental leachate generation and related costs associated with mitigating the ETLF. Based upon facts currently known, we understand that the ETLF began during 2023 and are projecting that the additional costs will be substantially realized by the end of 2025. Based on current engineering estimates and the projected timeline, the outlays for operating and capital costs associated with mitigating the ETLF are expected at approximately $30 million over the third and fourth quarters of 2023, $75 million in 2024 and $40 million in 2025.
The Company will continue to refine its operating plans, which periodically may result in modifications to the expected timeline and procedures, which could result in further refinements to the expected closure and post-closure liabilities associated with mitigating the ETLF.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WASTE CONNECTIONS, INC. | ||
| Date: November 30, 2023 | BY: | /s/ Mary Anne Whitney |
| Mary Anne Whitney | ||
| Executive Vice President and Chief Financial Officer | ||