T-3/A 1 covanta_t3a4.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-3/A (Amendment No. 4) FOR APPLICATIONS FOR QUALIFICATION OF INDENTURES UNDER THE TRUST INDENTURE ACT OF 1939 Covanta Energy Corporation ("Covanta") and AMOR 14 Corporation Covanta Acquisition, Inc. Covanta Bessemer, Inc. Covanta Cunningham Environmental Support, Inc. Covanta Energy Americas, Inc. Covanta Energy Construction, Inc. Covanta Energy Group, Inc. Covanta Energy International, Inc. Covanta Energy Resource Corp. Covanta Energy Services, Inc Covanta Energy West, Inc. Covanta Engineering Services, Inc. Covanta Geothermal Operations Holdings, Inc. Covanta Geothermal Operations, Inc. Covanta Haverhill Properties, Inc. Covanta Heber Field Energy, Inc. Covanta Hennepin Energy Resource Co., Limited Partnership Covanta Hillsborough, Inc. Covanta Huntington Resource Recovery One Corp. Covanta Huntington Resource Recovery Seven Corp. Covanta Huntsville, Inc. Covanta Hydro Energy, Inc. Covanta Hydro Operations West, Inc. Covanta Hydro Operations, Inc. Covanta Imperial Power Services, Inc. Covanta Kent, Inc. Covanta Lancaster, Inc. Covanta Lee, Inc. Covanta Long Island, Inc. Covanta Marion Land Corp. Covanta Mid-Conn., Inc. Covanta Montgomery, Inc. Covanta New Martinsville Hydroelectric Corporation Covanta New Martinsville Hydro-Operations Corporation Covanta Oahu Waste Energy Recovery, Inc Covanta Onondaga Five Corporation Covanta Onondaga Four Corporation Covanta Onondaga Operations, Inc. Covanta Onondaga Three Corporation Covanta Onondaga Two Corporation Covanta Onondaga, Inc. Covanta Operations of Union LLC Covanta OPW Associates, Inc. Covanta OPWH, Inc. Covanta Pasco, Inc. Covanta Plant Services of New Jersey, Inc. Covanta Power Equity Corporation Covanta Power Pacific, Inc. Covanta Power Plant Operations Covanta Projects of Hawaii, Inc. Covanta Projects, Inc. Covanta RRS Holdings Inc. Covanta Secure Services, Inc. Covanta SIGC Energy, Inc. Covanta SIGC Energy II, Inc. Covanta SIGC Geothermal Operations, Inc. Covanta Systems, Inc. Covanta Wallingford Associates, Inc. Covanta Waste to Energy, Inc. Covanta Water Holdings, Inc. Covanta Water Systems Inc. Covanta Water Treatment Services Inc. DSS Environmental, Inc. ERC Energy II, Inc. ERC Energy, Inc. Heber Field Energy II, Inc. Heber Loan Partners LMI, Inc. Mammoth Geothermal Company Mammoth Power Company Mt. Lassen Power Pacific Geothermal Company Pacific Oroville Power, Inc. Pacific Wood Fuels Company Pacific Wood Services Company Three Mountain Operations, Inc. Three Mountain Power, LLC Burney Mountain Power Covanta Alexandria/Arlington, Inc. Covanta Bristol, Inc. Covanta Fairfax, Inc. Covanta Haverhill, Inc. Covanta Honolulu Resource Recovery Venture Covanta Indianapolis, Inc. Covanta Marion, Inc. Covanta Omega Lease, Inc. Covanta Stanislaus, Inc. Haverhill Power, Inc. Michigan Waste Energy, Inc. (the "Guarantors" and, together with Covanta, the "Applicants") ----------------------------------------------------------------------------- (Name of applicants) 40 Lane Road, Fairfield, NJ 07004 ------------------------------------------------------------------------------ (Address of principal executive offices) Securities to be Issued Under the Indentures to be Qualified: Title of Class Amount ------------------------------------------------------------------------------ 8.25% Senior Secured Notes due 2011 Up to a maximum aggregate principal amount of $230,000,000 7.5% Subordinated Unsecured Notes due 2012 Up to a maximum aggregate principal amount of up to $50,000,000 Approximate date of proposed public offering: As promptly as possible after the Effective Date of this Application for Qualification. Jeffrey R. Horowitz Covanta Energy Corporation 40 Lane Road Fairfield, New Jersey 07007-2615 (Name and Address of Agent for Service) With a copy to: William F. Gorin, Esq. Cleary Gottlieb Steen & Hamilton One Liberty Plaza New York, NY 10006 and David E. Webb, Esq. Cleary Gottlieb Steen & Hamilton One Liberty Plaza New York, NY 10006 The registrant hereby amends this application for qualification on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this application for qualification shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine. GENERAL 1. General Information. (a) Form of organization. The following Applicants are corporations: AMOR 14 Corporation; Covanta Energy Corporation; Covanta Acquisition, Inc.; Covanta Bessemer, Inc.; Covanta Cunningham Environmental Support, Inc.; Covanta Energy Americas, Inc.; Covanta Energy International, Inc.; Covanta Energy Resource Corp.; Covanta Energy Services, Inc.; Covanta Energy West, Inc.; Covanta Engineering Services, Inc.; Covanta Geothermal Operations Holdings, Inc.; Covanta Geothermal Operations, Inc.; Covanta Haverhill Properties, Inc.; Covanta Heber Field Energy, Inc.; Covanta Hillsborough, Inc.; Covanta Huntington Resource Recovery One Corp.; Covanta Huntington Resource Recovery Seven Corp.; Covanta Huntsville, Inc.; Covanta Energy Construction, Inc.; Covanta Energy Group, Inc. Covanta Hydro Energy, Inc.; Covanta Hydro Operations West, Inc.; Covanta Hydro Operations, Inc.; Covanta Imperial Power Services, Inc.; Covanta Kent, Inc.; Covanta Lancaster, Inc.; Covanta Lee, Inc.; Covanta Long Island, Inc.; Covanta Marion Land Corp.; Covanta Mid-Conn., Inc.; Covanta Montgomery, Inc.; Covanta New Martinsville Hydroelectric Corporation; Covanta New Martinsville Hydro-Operations Corporation; Covanta Oahu Waste Energy Recovery, Inc; Covanta Onondaga Five Corporation; Covanta Onondaga Four Corporation; Covanta Onondaga Operations, Inc.; Covanta Onondaga Three Corporation; Covanta Onondaga Two Corporation; Covanta Onondaga, Inc.; Covanta OPW Associates, Inc.; Covanta OPWH, Inc.; Covanta Pasco, Inc.; Covanta Plant Services of New Jersey, Inc.; Covanta Power Equity Corporation; Covanta Power Pacific, Inc.; Covanta Power Plant Operations; Covanta Projects of Hawaii, Inc.; Covanta Projects, Inc.; Covanta RRS Holdings Inc.; Covanta Secure Services, Inc.; Covanta SIGC Energy, Inc.; Covanta SIGC Energy II, Inc.; Covanta SIGC Geothermal Operations, Inc.; Covanta Systems, Inc.; Covanta Wallingford Associates, Inc.; Covanta Waste to Energy, Inc .; Covanta Water Holdings, Inc.; Covanta Water Systems Inc.; Covanta Water Treatment Services Inc.; DSS Environmental, Inc.; ERC Energy II, Inc.; ERC Energy, Inc.; Heber Field Energy II, Inc.; LMI, Inc.; Mammoth Geothermal Company; Mammoth Power Company; Mt. Lassen Power; Pacific Geothermal Company; Pacific Oroville Power, Inc.; Pacific Wood Fuels Company; Pacific Wood Services Company; Three Mountain Operations, Inc.; Burney Mountain Power; Covanta Alexandria/Arlington, Inc.; Covanta Bristol, Inc.; Covanta Fairfax, Inc.; Covanta Haverhill, Inc.; Covanta Indianapolis, Inc; Covanta Marion, Inc.; Covanta Omega Lease, Inc.; Covanta Stanislaus, Inc.; Haverhill Power, Inc.; and Michigan Waste Energy, Inc. The following Applicants are partnerships: Covanta Hennepin Energy Resource Co., Limited Partnership; Heber Loan Partners; Covanta Honolulu Resource Recovery Venture. The following Applicants are LLCs: Covanta Operations of Union LLC; Three Mountain Power, LLC. (b) State or other sovereign power under the laws of which organized. The following Applicants are organized under the laws of the state of Delaware: Covanta Energy Corporation; AMOR 14 Corporation; Covanta Acquisition, Inc.; Covanta Bessemer, Inc.; Covanta Cunningham Environmental Support, Inc.; Covanta Energy Americas, Inc.; Covanta Energy Construction, Inc.; Covanta Energy Group, Inc.; Covanta Energy International, Inc.; Covanta Energy Resource Corp.; Covanta Energy Services, Inc; Covanta Energy West, Inc.; Covanta Geothermal Operations Holdings, Inc.; Covanta Geothermal Operations, Inc.; Covanta Heber Field Energy, Inc.; Covanta Hennepin Energy Resource Co., Limited Partnership; Covanta Huntington Resource Recovery One Corp.; Covanta Huntington Resource Recovery Seven Corp.; Covanta Hydro Energy, Inc.; Covanta Hydro Operations West, Inc.; Covanta Long Island, Inc.; Covanta New Martinsville Hydroelectric Corporation; Covanta Onondaga Five Corporation; Covanta Onondaga Four Corporation; Covanta Onondaga Operations, Inc.; Covanta Onondaga Three Corporation; Covanta Onondaga Two Corporation; Covanta Projects, Inc.; Covanta RRS Holdings Inc.; Covanta Secure Services, Inc.; Covanta SIGC Energy, Inc.; Covanta Systems, Inc.; Covanta Waste to Energy, Inc.; Covanta Water Holdings, Inc.; Covanta Water Systems Inc.; Covanta Water Treatment Services Inc.; ERC Energy II, Inc.; ERC Energy, Inc.; Heber Field Energy II, Inc.; Three Mountain Operations, Inc.; Three Mountain Power, LLC; Covanta OPWH, Inc.; Covanta Power Equity Corporation; Covanta Omega Lease, Inc.; and Michigan Waste Energy, Inc. The following Applicants are organized under the laws of the state of California: Covanta Imperial Power Services, Inc.; Covanta Oahu Waste Energy Recovery, Inc.; Covanta Power Pacific, Inc.; Covanta Power Plant Operations; Covanta SIGC Energy II, Inc.; Covanta SIGC Geothermal Operations, Inc.; Heber Loan Partners; Mammoth Geothermal Company; Mammoth Power Company; Mt. Lassen Power; Pacific Geothermal Company; Pacific Oroville Power, Inc.; Pacific Wood Fuels Company; Pacific Wood Services Company; Burney Mountain Power; Covanta Stanislaus, Inc. The following Applicants are organized under the laws of the state of Florida: Covanta Lee, Inc.; Covanta Hillsborough, Inc.; Covanta Pasco, Inc. The following Applicants are organized under the laws of the state of Connecticut: Covanta Mid-Conn., Inc.; Covanta OPW Associates, Inc.; Covanta Wallingford Associates, Inc.; Covanta Bristol, Inc. The following Applicants are organized under the laws of the state of New York: DSS Environmental, Inc.; Covanta Onondaga, Inc. The following Applicants are organized under the laws of the state of New Jersey: Covanta Engineering Services, Inc.; Covanta Plant Services of New Jersey, Inc.; Covanta Operations of Union LLC; The following Applicants are organized under the laws of the state of Massachusetts: Covanta Haverhill Properties, Inc.; LMI, Inc.; Covanta Haverhill, Inc.; Haverhill Power, Inc. The following Applicants are organized under the laws of the state of Virginia: Covanta Alexandria/Arlington, Inc.; Covanta Fairfax, Inc. Covanta Hydro Operations, Inc. is organized under the laws of the state of Tennessee; Covanta Kent, Inc. is organized under the laws of the state of Michigan; Covanta Lancaster, Inc. is organized under the laws of the state of Pennsylvania; Covanta Marion Land Corp. and Covanta Marion, Inc. are organized under the laws of the state of Oregon; Covanta Montgomery, Inc. is organized under the laws of the state of Maryland; Covanta New Martinsville Hydro-Operations Corporation is organized under the laws of the state of West Virginia; Covanta Projects of Hawaii, Inc. and Covanta Honolulu Resource Recovery Venture is organized under the laws of the state of Hawaii; Covanta Huntsville, Inc. is organized under the laws of the state of Alabama; and Covanta Indianapolis is organized under the laws of the state of Indiana. 2. Securities Act exemption applicable. Certain of the Guarantors listed herein may be removed from the list of guarantors under the Secured Notes Indenture at a future date. Covanta intends to offer, under the terms and subject to the conditions set forth in the Debtors' Second Joint Reorganization Plan under Chapter 11 of the Bankruptcy Code (as amended, the "Reorganization Plan") and as further described in the Second Disclosure Statement with Respect to Reorganizing Debtors' Second Joint Plan of Reorganization and Liquidating Debtors' Second Joint Plan of Liquidation Under Chapter 11 of the Bankruptcy Code (as amended, the "Disclosure Statement") and Debtors' Second Joint Plan of Liquidation under Chapter 11 of the Bankruptcy Code of Covanta and certain of its subsidiaries (collectively, the "Debtors"), copies of which are included as exhibits to this application, the 8.25% Senior Secured Notes due 2011 (the "Secured Notes") and the 7.5% Subordinated Unsecured Notes due 2012 (the "Subordinated Notes" and together with the Secured Notes, the "Notes"). The Guarantors will be guarantors under the Secured Notes, but not the Subordinated Notes. The Secured Notes will be issued pursuant an indenture to be qualified under this Form T-3 (the "Secured Notes Indenture"), a copy of which is attached as exhibit T3C-1 to this application. The Subordinated Notes will be issued pursuant to an indenture also to be qualified under this Form T-3 (the "Subordinated Notes Indenture"), a copy of which is attached as exhibit T3C-2 to this application. The Notes and the Guarantees are being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), afforded by section 1145 of title 11 of the United States Code, as amended (the "Bankruptcy Code"). Generally, section 1145(a)(1) of the Bankruptcy Code exempts the offer and sale of securities under a bankruptcy reorganization plan from registration under the Securities Act and under equivalent state securities and "blue sky" laws if the following requirements are satisfied: (i) the securities are issued by the debtor (or its successor or an affiliate participating in a joint plan with the debtor) under a reorganization plan; (ii) the recipients of the securities hold a claim against the debtor, an interest in the debtor or a claim or a claim for an administrative expense against the debtor; and (iii) the securities are issued entirely in exchange for the recipient's claim against or interest in the debtor or are issued "principally" in such exchange and "partly" for cash or property. The Applicants believe that the offer and exchange of the Notes and the Guarantees under the Reorganization Plan will satisfy such requirements of section 1145(a)(1) of the Bankruptcy Code and, therefore, such offer and exchange is exempt from the registration requirements referred to above. Pursuant to the Reorganization Plan, the Secured Notes will be issued to holders of Allowed Class 3 Claims and Allowed Class 6 Claims (both as defined in the Reorganization Plan) in partial satisfaction of their claims against the Debtors. A more complete description of the Secured Notes is provided in the Secured Notes Indenture, which is attached to this application as exhibit T3C-1. Also pursuant to the Reorganization Plan, the Subordinated Notes will be issued to holders of Allowed Class 4 Claims and Allowed Class 6 Claims (both as defined in the Reorganization Plan) in satisfaction of Allowed Class 4 Claims against the Debtors and in partial satisfaction of Allowed Class 6 Claims against the Debtors. A more complete description of the Subordinated Notes is provided in the Subordinated Notes Indenture, a copy of which is attached as exhibit T3C-2 to this application. AFFILIATIONS 3. Affiliates. Set forth below is a list of all current direct and indirect subsidiaries of Covanta. Unless stated otherwise, each subsidiary is wholly owned, directly or indirectly, by Covanta (including the other Applicants). Each of the Applicants is an affiliate of the other Applicants. Affiliate Jurisdiction of Incorporation or Qualification 8309 Tujunga Avenue Corp. California Alpine Food Products, Inc. Washington Ambiente 2000 S.r.l (40% owned) Italy Americana Entertainment N.V. (80% owned) Aruba AMOR 14 Corporation Delaware Bal-Sam India Holdings Limited Mauritius BDC Liquidating Corporation Delaware Bouldin Development Corporation California Burney Mountain Power California Cladox International S.A. Uruguay Covanta Acquisition, Inc. Delaware Covanta Alexandria/Arlington, Inc. Virginia Covanta Babylon, Inc. New York Covanta Bangladesh Operating Limited Bangladesh Covanta Bangladesh Technical Services Aps Denmark Covanta Bessemer, Inc. Florida Covanta Bristol, Inc. Virginia Covanta Cayman (Sahacogen) Ltd. Cayman Islands Covanta Cayman (Rojana) Ltd. Cayman Islands Covanta Chinese Investments Limited Mauritius Covanta Concerts Holdings, Inc. (f/k/a The Metropolitan Entertainment Co., Inc.) (85% owned) New Jersey Covanta Cunningham Environmental Support, Inc. New York Covanta Energy Americas, Inc. Delaware Covanta Energy Asia Pacific Limited Hong Kong Covanta Energy China (Alpha) Ltd. Mauritius Covanta Energy China (Beta) Ltd. Mauritius Covanta Energy China (Delta) Ltd. Mauritius Covanta Energy China (Gamma) Ltd. Mauritius Covanta Energy Construction, Inc. Delaware Covanta Energy Europe Ltd. United Kingdom Covanta Energy Group, Inc. Delaware Covanta Energy India Investments Ltd. Mauritius Covanta Energy India (Balaji) Limited Mauritius Covanta Energy India CBM Limited Mauritius Covanta Energy India (Samalpatti) Limited Mauritius Covanta Energy India Private Limited India Covanta Energy International, Inc. Delaware Covanta Energy Philippines Holdings, Inc. Philippines Covanta Energy Resource Corporation Delaware Covanta Energy Sao Jeronimo, Inc. Delaware Covanta Energy Services, Inc. Delaware Covanta Energy (Thailand) Limited Thailand Covanta Energy West, Inc. Delaware Covanta Engineering Services, Inc. New Jersey Covanta Equity of Alexandria/Arlington, Inc. Virginia Covanta Equity of Stanislaus, Inc. California Covanta Fairfax, Inc. Virginia Covanta Financial Services, Inc. Delaware Covanta Five Ltd. Mauritius Covanta Four Ltd. Mauritius Covanta Geothermal Operations Holdings, Inc. Delaware Covanta Geothermal Operations, Inc. Delaware Covanta Haverhill Associates Massachusetts Covanta Haverhill, Inc. Massachusetts Covanta Haverhill Properties, Inc. Massachusetts Covanta Hennepin Energy Resource Co., L.P. Delaware Covanta Heber Field Energy, Inc. Delaware Covanta Honolulu Resource Recovery Venture Hawaii Covanta Huntington Limited Partnership Delaware Covanta Hillsborough, Inc. Florida Covanta Huntington Resource Recovery One Corporation Delaware Covanta Huntington Resource Recovery Seven Corporation Delaware Covanta Huntington, Inc. New York Covanta Huntsville, Inc. Alabama Covanta Hydro Energy, Inc. Delaware Covanta Hydro Operations West, Inc. Delaware Covanta Hydro Operations, Inc. Tennessee Covanta Imperial Power Services, Inc. California Covanta Indianapolis, Inc. Indiana Covanta India Operating Private Limited (90% owned) India Covanta Kent, Inc. Michigan Covanta Key Largo, Inc. Florida Covanta Lake, Inc. Florida Covanta Lancaster, Inc. Pennsylvania Covanta Lee, Inc. Florida Covanta Long Island, Inc. New York Covanta Marion Land Corporation Oregon Covanta Marion, Inc. Oregon Covanta Mid-Conn., Inc. Connecticut Covanta Montgomery, Inc. Maryland Covanta New Martinsville Hydroelectric Corporation Delaware Covanta New Martinsville Hydro-Operations Corp West Virginia Covanta Northwest Puerto Rico, Inc. Puerto Rico Covanta Oahu Waste Energy Recovery, Inc. California Covanta Oil & Gas, Inc. Delaware Covanta Omega Lease, Inc. Delaware Covanta One Limited Mauritius Covanta Onondaga Five Corporation Delaware Covanta Onondaga Four Corporation Delaware Covanta Onondaga Limited Partnership Delaware Covanta Onondaga Operations, Inc. Delaware Covanta Onondaga Three Corporation Delaware Covanta Onondaga Two Corporation Delaware Covanta Onondaga, Inc. New York Covanta Operations of Union, LLC New Jersey Covanta OPW Associates, Inc. Connecticut Covanta OPWH, Inc. Delaware Covanta Pasco, Inc. Florida Covanta Philippines Operating, Inc. Cayman Islands Covanta Plant Services of New Jersey, Inc. New Jersey Covanta Power Development of Bolivia, Inc. Delaware Covanta Power Development, Inc. Delaware Covanta Power Equity Corporation Delaware Covanta Power International Holdings, Inc. Delaware Covanta Power Plant Operations California Covanta Power Pacific, Inc. California Covanta Projects of Hawaii, Inc. Hawaii Covanta Projects of Wallingford, L.P. Delaware Covanta Projects, Inc. Delaware Covanta RRS Holdings Inc. Delaware Covanta Samalpatti Operating Pvt. Ltd. India Covanta SBR Associates Massachusetts Covanta Secure Services USA, Inc. Delaware Covanta Secure Services, Inc. Delaware Covanta SIGC Energy, Inc. Delaware Covanta SIGC Energy II, Inc. California Covanta SIGC Geothermal Operations, Inc. California Covanta Stanislaus, Inc. California Covanta Systems, Inc. Delaware Covanta Tampa Bay, Inc. Florida Covanta Tampa Construction, Inc. Delaware Covanta Three Limited Mauritius Covanta Tulsa, Inc. Oklahoma Covanta Two Limited Mauritius Covanta Union, Inc. New Jersey Covanta Wallingford Associates, Inc. Connecticut Covanta Warren Energy Resource Co., L.P. Delaware Covanta Waste Solutions, Inc. Delaware Covanta Waste to Energy of Italy, Inc. Delaware Covanta Waste to Energy, Inc. Delaware Covanta Waste to Energy Asia Investments Mauritius Covanta Water Holdings, Inc. Delaware Covanta Water Systems, Inc. Delaware Covanta Water Treatment Services, Inc. Delaware Doggie Diner, Inc. Delaware DSS Environmental, Inc. (90% owned) New York Edison Bataan Cogeneration Corporation Philippines El Gorguel Energia S.L. Spain Enereurope Holdings III B.V. Netherlands ERC Energy II, Inc. Delaware ERC Energy, Inc. Delaware Estadio Olimpico de Sevilla, S.A. (15.9% owned) Spain Financiere Ogden France GBL Power Limited (49% owned) India Generating Resource Recovery Partners, L.P. (50% owned) California Goa Holdings Limited Mauritius Great Eastern Energy Corp Limited (29% owned) Thailand Greenway Insurance Company of Vermont Vermont Gulf Coast Catering Company, Inc. Louisiana Haugzhou Linan Ogden-Jinjiang Cogeneration Co., Ltd. (60% owned) China Haverhill Power, Inc. Massachusetts Heber Field Energy II, Inc. Delaware Heber Loan Partners California Hidro Operaciones Don Pedro S.A. Costa Rica Hungarian-American Geothermal Limited Liability Company (37.5% owned) Hungary Island Power Corporation (40% owned) Philippines J.R. Jack's Construction Corporation Nevada Koma Kulshan Associates (50% owned) California Lenzar Electro-Optics, Inc. Delaware LINASA Cogeneracion y Asociados, S.L. (50% owned) Spain LMI, Inc. Massachusetts Logistic Operations, Inc. Virginia Madurai Power Corporation Pvt. Limited (74.8% owned) India Magellan Cogeneration, Inc. Philippines Mammoth Geothermal Company California Mammoth Power Associates, L.P. (50% owned) California Mammoth Power Company California Mecaril, S.A. Uruguay Menezul, S.A. Uruguay Michigan Waste Energy, Inc. Delaware Modigold, S.A. Uruguay Mt. Lassen Power California NEPC Consortium Power Limited (45.1% owned) Bangladesh Offshore Food Service, Inc. Louisiana OFS Equity of Alexandria/Arlington, Inc. Virginia OFS Equity of Babylon, Inc. New York OFS Equity of Delaware, Inc. Delaware OFS Equity of Huntington, Inc. New York OFS Equity of Indianapolis, Inc. Indiana OFS Equity of Stanislaus, Inc. California Ogden Aeropuertos RD S.A. (f/k/a Paltir, S.A.) Uruguay Ogden Alimentos Comercio e Servicos Ltda. Brazil Ogden Allied Abatement and Decontamination Service, Inc. New York Ogden Allied Maintenance Corporation New York Ogden Allied Payroll Services, Inc. New York Ogden Allied Services GmbH Germany Ogden Attractions, Inc. Delaware Ogden Aviation Distributing, Inc. New York Ogden Aviation Fueling Company of Virginia, Inc. Delaware Ogden Aviation Security Services of Indiana Indiana Ogden Aviation Service Company of Colorado Colorado Ogden Aviation Service Company of Pennsylvania, Inc. Pennsylvania Ogden Aviation Services International Corporation New York Ogden Aviation Terminal Services, Inc. Massachusetts Ogden Aviation, Inc. Delaware Ogden Balaji O&M Services Private Limited (99.98% owned) India Ogden Cargo Spain, Inc. Delaware Ogden Central and South America, Inc. Delaware Ogden Cisco, Inc. Delaware Ogden Communication, Inc. Delaware Ogden Constructors, Inc. Florida Ogden do Brasil Participacoes S/C Ltda. Brazil Ogden Energy of Bongaigaon Private Limited India Ogden Energy Gulf Limited Mauritius Ogden Energy India (Bakreshwar) Limited Mauritius Ogden Entertainment Services de Mexico, S.A. de C.V. Mexico Mexico Ogden Entertainment Services Spain, S.A. Spain Ogden Environmental and Energy Services Co., Inc. Delaware Ogden Facility Holdings, Inc. Delaware Delaware Ogden Facility Management Corporation of Anaheim California Ogden Facility Management Corporation of West Virginia West Virginia Ogden Film and Theatre, Inc. Delaware Ogden Firehole Entertainment Corporation Delaware Ogden Food Service Corporation of Milwaukee, Inc. Wisconsin Ogden Gaming of Ontario Limited Canada Ogden HCI Services (60% owned) Washington Ogden Holdings, S.A. Argentina Ogden International Europe, Inc. Delaware Ogden Leisure, Inc. Delaware Ogden Logistic Service Maryland Ogden Management Services, Inc. Delaware Ogden Martin Systems of Nova Scotia Limited Canada Ogden MEI, LLC Delaware Ogden New York Services, Inc. New York Ogden Palladium Services, Inc. Canada Ogden Pipeline Service Corporation Delaware Ogden Power Aqua y Energia Torre Pacheco, S.A. (83.3% owned) Spain Ogden Power Development - Cayman, Inc. Cayman Islands Ogden PS&M Entertainment Limited (50% owned) Brazil Ogden Services Corporation Delaware Ogden Spain, S.A. Spain Ogden Support Services, Inc. Delaware Ogden Taiwan Investments Limited Mauritius Ogden Technology Services Corporation Delaware Ogden Transition Corporation Delaware Olmec Insurance Limited Bermuda OPDB Limited Cayman Islands Operaciones LICA S.L. Spain OPI Carmona Limited Cayman Islands OPI Carmona One Limited Cayman Islands OPI Quezon, Inc. Delaware PA Aviation Fuel Holdings, Inc. Delaware Pacific Energy Operating Group, LP (50% owned) California Pacific Energy Resources, Inc. California Pacific Geothermal Company California Pacific Hydropower Company California Pacific Oroville Power, Inc. California Pacific Recovery Corporation California Pacific Wood Fuels Company California Pacific Wood Services Company California Pacific Ultrapower Chinese Station (50% owned) California Parque Isla Magica, S.A. (26.12% owned) Spain Penstock Power Company California Philadelphia Fuel Facilities Corporation Pennsylvania Power Operations and Maintenance Ltd Bermuda Prima S.r.l. (13% owned) Italy Quezon Equity Funding Ltd. (27.5% owned) Cayman Islands Quezon Power, Inc. (27.5% owned) Cayman Islands Quezon Power (Philippines) Limited (98% owned) Philippines Rent LLC (.01% owned) New York Samalpatti Power Company Private Limited (60% owned) India SJ Investors Participacoes Ltda. (90% owned) Brazil South Fork II Associates, LP (50% owned) Washington Spectra Enterprises Association, L.P. Delaware Taixing Ogden-Yanjiang Cogeneration Co., Limited (60% owned) China Three Mountain Power, LLC Delaware Three Mountain Operations, Inc. Delaware Zibo Ogden-Bohui Cogeneration Co. Limited (60% owned) China Set forth below is a list of all direct and indirect subsidiaries of Covanta to exist upon consummation of the Reorganization Plan. Unless stated otherwise, each subsidiary will be wholly owned, directly or indirectly, by Covanta (including the other Applicants) and Covanta will be wholly owned by Danielson Holding Corporation ("DHC"). Affiliate Jurisdiction of Incorporation or Qualification 8309 Tujunga Avenue Corp. California Ambiente 2000 S.r.l (40% owned) Italy Americana Entertainment N.V. (80% owned) Aruba AMOR 14 Corporation Delaware Bal-Sam India Holdings Limited Mauritius Bouldin Development Corporation California Burney Mountain Power California Cladox International S.A. Uruguay Covanta Acquisition, Inc. Delaware Covanta Alexandria/Arlington, Inc. Virginia Covanta Babylon, Inc. New York Covanta Bangladesh Operating Limited Bangladesh Covanta Bangladesh Technical Services Aps Denmark Covanta Bessemer, Inc. Florida Covanta Bristol, Inc. Virginia Covanta Cayman (Sahacogen) Ltd. Cayman Islands Covanta Cayman (Rojana) Ltd. Cayman Islands Covanta Chinese Investments Limited Mauritius Covanta Cunningham Environmental Support, Inc. New York Covanta Energy Americas, Inc. Delaware Covanta Energy Asia Pacific Limited Hong Kong Covanta Energy China (Alpha) Ltd. Mauritius Covanta Energy China (Beta) Ltd. Mauritius Covanta Energy China (Delta) Ltd. Mauritius Covanta Energy China (Gamma) Ltd. Mauritius Covanta Energy Construction, Inc. Delaware Covanta Energy Europe Ltd. United Kingdom Covanta Energy Group, Inc. Delaware Covanta Energy India Investments Ltd. Mauritius Covanta Energy India (Balaji) Limited Mauritius Covanta Energy India CBM Limited Mauritius Covanta Energy India (Samalpatti) Limited Mauritius Covanta Energy India Private Limited India Covanta Energy International, Inc. Delaware Covanta Energy Philippines Holdings, Inc. Philippines Covanta Energy Resource Corporation Delaware Covanta Energy Services, Inc. Delaware Covanta Energy (Thailand) Limited Thailand Covanta Energy West, Inc. Delaware Covanta Engineering Services, Inc. New Jersey Covanta Equity of Alexandria/Arlington, Inc. Virginia Covanta Equity of Stanislaus, Inc. California Covanta Fairfax, Inc. Virginia Covanta Five Ltd. Mauritius Covanta Four Ltd. Mauritius Covanta Geothermal Operations Holdings, Inc. Delaware Covanta Geothermal Operations, Inc. Delaware Covanta Haverhill Associates Massachusetts Covanta Haverhill, Inc. Massachusetts Covanta Haverhill Properties, Inc. Massachusetts Covanta Hennepin Energy Resource Co., L.P. Delaware Covanta Heber Field Energy, Inc. Delaware Covanta Honolulu Resource Recovery Venture Hawaii Covanta Huntington Limited Partnership Delaware Covanta Hillsborough, Inc. Florida Covanta Huntington Resource Recovery One Corporation Delaware Covanta Huntington Resource Recovery Seven Corporation Delaware Covanta Huntsville, Inc. Alabama Covanta Hydro Energy, Inc. Delaware Covanta Hydro Operations West, Inc. Delaware Covanta Hydro Operations, Inc. Tennessee Covanta Imperial Power Services, Inc. California Covanta Indianapolis, Inc. Indiana Covanta India Operating Private Limited (90% owned) India Covanta Kent, Inc. Michigan Covanta Lake, Inc. Florida Covanta Lancaster, Inc. Pennsylvania Covanta Lee, Inc. Florida Covanta Long Island, Inc. New York Covanta Marion Land Corporation Oregon Covanta Marion, Inc. Oregon Covanta Mid-Conn., Inc. Connecticut Covanta Montgomery, Inc. Maryland Covanta New Martinsville Hydroelectric Corporation Delaware Covanta New Martinsville Hydro-Operations Corporation West Virginia Covanta Oahu Waste Energy Recovery, Inc. California Covanta Omega Lease, Inc. Delaware Covanta One Limited Mauritius Covanta Onondaga Five Corporation Delaware Covanta Onondaga Four Corporation Delaware Covanta Onondaga Limited Partnership Delaware Covanta Onondaga Operations, Inc. Delaware Covanta Onondaga Three Corporation Delaware Covanta Onondaga Two Corporation Delaware Covanta Onondaga, Inc. New York Covanta Operations of Union, LLC New Jersey Covanta OPW Associates, Inc. Connecticut Covanta OPWH, Inc. Delaware Covanta Pasco, Inc. Florida Covanta Philippines Operating, Inc. Cayman Islands Covanta Plant Services of New Jersey, Inc. New Jersey Covanta Power Development of Bolivia, Inc. Delaware Covanta Power Development, Inc. Delaware Covanta Power Equity Corporation Delaware Covanta Power International Holdings, Inc. Delaware Covanta Power Plant Operations California Covanta Power Pacific, Inc. California Covanta Projects of Hawaii, Inc. Hawaii Covanta Projects of Wallingford, L.P. Delaware Covanta Projects, Inc. Delaware Covanta RRS Holdings Inc. Delaware Covanta Samalpatti Operating Pvt. Ltd. India Covanta SBR Associates Massachusetts Covanta Secure Services, Inc. Delaware Covanta SIGC Energy, Inc. Delaware Covanta SIGC Energy II, Inc. California Covanta SIGC Geothermal Operations, Inc. California Covanta Stanislaus, Inc. California Covanta Systems, Inc. Delaware Covanta Tampa Bay, Inc. Florida Covanta Tampa Construction, Inc. Delaware Covanta Three Limited Mauritius Covanta Two Limited Mauritius Covanta Union, Inc. New Jersey Covanta Wallingford Associates, Inc. Connecticut Covanta Warren Energy Resource Co., L.P. Delaware Covanta Waste to Energy of Italy, Inc. Delaware Covanta Waste to Energy, Inc. Delaware Covanta Waste to Energy Asia Investments Mauritius Covanta Water Holdings, Inc. Delaware Covanta Water Systems, Inc. Delaware Covanta Water Treatment Services, Inc. Delaware DSS Environmental, Inc. (90% owned) New York Edison Bataan Cogeneration Corporation Philippines El Gorguel Energia S.L. Spain Enereurope Holdings III B.V. Netherlands ERC Energy II, Inc. Delaware ERC Energy, Inc. Delaware Estadio Olimpico de Sevilla, S.A. (15.9% owned) Spain Financiere Ogden France GBL Power Limited (49% owned) India Generating Resource Recovery Partners, L.P. (50% owned) California Goa Holdings Limited Mauritius Great Eastern Energy Corporation Limited (29% owned) Thailand Greenway Insurance Company of Vermont Vermont Haugzhou Linan Ogden-Jinjiang Cogeneration Co., Ltd. (60% owned) China Haverhill Power, Inc. Massachusetts Heber Field Energy II, Inc. Delaware Heber Loan Partners California Hidro Operaciones Don Pedro S.A. Costa Rica Hungarian-American Geothermal Limited Liability Company (37.5% owned) Hungary Island Power Corporation (40% owned) Philippines Koma Kulshan Associates (50% owned) California LINASA Cogeneracion y Asociados, S.L. (50% owned) Spain LMI, Inc. Massachusetts Madurai Power Corporation Pvt. Limited (74.8% owned) India Magellan Cogeneration, Inc. Philippines Mammoth Geothermal Company California Mammoth Pacific, L.P. (50% owned) California Mammoth Power Associates, L.P. (50% owned) California Mammoth Power Company California Mecaril, S.A. Uruguay Menezul, S.A. Uruguay Michigan Waste Energy, Inc. Delaware Modigold, S.A. Uruguay Mt. Lassen Power California NEPC Consortium Power Limited (45.1% owned) Bangladesh Ogden Aeropuertos RD S.A. (f/k/a Paltir, S.A.) Uruguay Ogden Alimentos Comercio e Servicos Ltda. Brazil Ogden Allied Services GmbH Germany Ogden Balaji O&M Services Private Limited (99.98% owned) India Ogden do Brasil Participacoes S/C Ltda. Brazil Ogden Energy of Bongaigaon Private Limited India Ogden Energy Gulf Limited Mauritius Ogden Energy India (Bakreshwar) Limited Mauritius Ogden Entertainment Services de Mexico, S.A. de C.V. Mexico Ogden Entertainment Services Spain, S.A. Spain Ogden Gaming of Ontario Limited Canada Ogden HCI Services (60% owned) Washington Ogden Holdings, S.A. Argentina Ogden Logistic Service Maryland Ogden Martin Systems of Nova Scotia Limited Canada Ogden MEI, LLC Delaware Ogden Palladium Services, Inc. Canada Ogden Power Aqua y Energia Torre Pacheco, S.A. (83.3% owned) Spain Ogden Power Development - Cayman, Inc. Cayman Islands Ogden PS&M Entertainment Limited (50% owned) Brazil Ogden Spain, S.A. Spain Ogden Taiwan Investments Limited Mauritius Olmec Insurance Limited Bermuda OPDB Limited Cayman Islands Operaciones LICA S.L. Spain OPI Carmona Limited Cayman Islands OPI Carmona One Limited Cayman Islands OPI Quezon, Inc. Delaware Pacific Energy Operating Group, LP (50% owned) California Pacific Energy Resources, Inc. California Pacific Geothermal Company California Pacific Hydropower Company California Pacific Oroville Power, Inc. California Pacific Recovery Corporation California Pacific Wood Fuels Company California Pacific Wood Services Company California Pacific Ultrapower Chinese Station (50% owned) California Parque Isla Magica, S.A. (26.12% owned) Spain Penstock Power Company California Power Operations and Maintenance Ltd Bermuda Prima S.r.l. (13% owned) Italy Quezon Equity Funding Ltd. (27.5% owned) Cayman Islands Quezon Power, Inc. (27.5% owned) Cayman Islands Quezon Power (Philippines) Limited (98% owned) Philippines Rent LLC (.01% owned) New York Samalpatti Power Company Private Limited (60% owned) India SJ Investors Participacoes Ltda. (90% owned) Brazil Spectra Enterprises Association, L.P. Delaware South Fork II Associates, LP (50% owned) Washington Taixing Ogden-Yanjiang Cogeneration Co., Limited (60% owned) China Three Mountain Power, LLC Delaware Three Mountain Operations, Inc. Delaware Zibo Ogden-Bohui Cogeneration Co. Limited (60% owned) China MANAGEMENT AND CONTROL 4. Directors and executive officers. [TO COME] 5. Principal owners of voting securities. As of the date of this application, Covanta believes that no person owns 10% or more of Covanta's voting securities. Upon consummation of the Reorganization Plan, DHC will own 100% of the voting securities of Covanta. DHC's mailing address is 2 North Riverside Plaza, Suite 600, Chicago, IL 60606. The following chart shows the principal owners of voting securities of the Guarantors as of the date of this application. It is currently anticipated that the information on the following chart will not change upon consummation of the Reorganization Plan. The mailing address for each owner listed below is c/o Covanta Energy Corporation, 40 Lane Road, Fairfield, NJ 07004.
-------------------------- --------------------------------------- ------------------------------ ------------------------------- Name of Owner(s) Title of Class Owned Amount Owned Percentage of Voting Securities Owned -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta SIGC Energy Inc. Common Stock of AMOR 14 100% 100% Corporation -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Water Systems, Common Stock of Covanta 100% 100% Inc. Acquisition, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Water Systems, Common Stock of Covanta 100% 100% Inc. Bessemer, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Acquisition, Common Stock of Covanta 100% 100% Inc. Cunningham Environmental Support Services, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy West, Common Stock of Covanta Energy 100% 100% Inc. Americas, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Energy 100% 100% Americas, Inc. Construction, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Energy 100% 100% Corporation Group, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Projects, Inc. Common Stock of Covanta Energy 100% 100% International, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta Energy 100% 100% Energy, Inc. Resource Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta Energy 100% 100% Energy, Inc. Services, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Energy 100% 100% International, Inc. West, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Engineering Services, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta 100% 100% Americas, Inc. Geothermal Operations Holdings, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta 100% 100% Americas, Inc. Geothermal Operations, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Haverhill Properties, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Equity Common Stock of Covanta Heber 100% 100% Corporation Field Energy, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Resource Partnership Interests in Covanta Covanta Energy Resource Covanta Energy Resource Corp. Hennepin Energy Resource Co., Corp. owns 99% as General Corp. owns 99% as General Limited Partnership Partner Partner -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Hillsborough, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Huntington Resource Recovery One Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Huntington Resource Recovery Seven Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Huntsville, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Equity Common Stock of Covanta Hydro 100% 100% Corporation Energy, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Hydro 100% 100% Americas, Inc. Operations West, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Hydro 100% 100% Americas, Inc. Operations, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Imperial 100% 100% Americas, Inc. Power Services, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Kent, Inc. 100% 100% -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Lancaster, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Lee, Inc. 100% 100% -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Long 100% 100% Island, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Marion 100% 100% Land Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta RRS Holdings, Common Stock of Covanta Mid-Conn, 100% 100% Inc. Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Montgomery, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Equity Common Stock of Covanta New 100% 100% Corporation Martinsville Hydroelectric Corporation -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta New 100% 100% Americas, Inc. Martinsville Hydro-Operations Corporation -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta RRS Holdings, Common Stock of Covanta Oahu 100% 100% Inc. Waste Energy Recovery Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Onondaga 100% 100% Five Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Onondaga 100% 100% Four Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Onondaga 100% 100% Operations, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Onondaga 100% 100% Three Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Onondaga 100% 100% Two Corp. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Onondaga, 100% 100% Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Projects, Inc. Equity Interests in Covanta Covanta Projects, Inc. Operations of Union, LLC owns 99% as Managing Member Covanta Projects, Inc. owns 99% as Managing Member -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta OPW 100% 100% Energy, Inc. Associates, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta OPWH, Inc. 100% 100% Energy, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Pasco, 100% 100% Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Plant 100% 100% Services, Inc. Services of New Jersey, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Power 100% 100% Americas, Inc. Equity Corporation -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta Power 100% 100% Americas, Inc. Pacific, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Common Stock of Covanta Power 100% 100% Inc. Plant Operations -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta RRS Holdings, Common Stock of Covanta Projects 100% 100% Inc. of Hawaii, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Group, Common Stock of Covanta Projects, 100% 100% Inc. Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta RRS 100% 100% Energy, Inc. Holdings Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta Secure 100% 100% Energy, Inc. Services, Inc -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta SIGC 100% 100% Americas, Inc. Energy, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta SIGC 100% 100% Americas, Inc. Energy II, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Covanta SIGC 100% 100% Americas, Inc. Geothermal Operations, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta Systems, 100% 100% Energy, Inc. Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Waste to Common Stock of Covanta 100% 100% Energy, Inc. Wallingford Associates, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Projects, Inc. Common Stock of Covanta Waste to 100% 100% Energy, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Projects, Inc. Common Stock of Covanta Water 100% 100% Holdings, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Water Holdings, Common Stock of Covanta Water 100% 100% Inc. Systems, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Water Holdings, Common Stock of Covanta Water 100% 100% Inc. Treatment Services, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Water Systems, Common Stock of DSS 90% Inc. Environmental, Inc. 90% -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Equity Common Stock of ERC Energy II, 100% 100% Corporation Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Common Stock of ERC Energy, Inc. 100% 100% International Holdings, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Equity Common Stock of Heber Field 100% 100% Corporation Energy II, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- ERC Energy Inc. and ERC Partnership Interests in Heber ERC Energy Inc. owns 50% ERC Energy, Inc. owns a 50% Energy II, Inc. Loan Partners as General Partner GP interest; ERC Energy II, Inc. owns a ERC Energy II, Inc. owns 50% GP interest. 50% as General Partner -------------------------- --------------------------------------- ------------------------------ ------------------------------- Haverhill Power, Inc. Common Stock of LMI, Inc. 100% 100% -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Common Stock of Mammoth 100% 100% Inc. Geothermal Company -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Common Stock of Mammoth Power 100% 100% Inc. Company -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Common Stock of Mt. Lassen Power 100% 100% Power International Holdings, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Common Stock of Pacific 100% 100% Inc. Geothermal Company -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Common Stock of Pacific Oroville 100% 100% Inc. Power, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Common Stock of Pacific Wood 100% 100% Inc. Fuels Company -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Common Stock of Pacific Wood 100% 100% Inc. Services Company -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Common Stock of Three Mountain 100% 100% Americas, Inc. Operations, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Energy Equity Interest in Three Mountain 100% 100% Americas, Inc. Power, LLC -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Power Pacific, Equity Interests in Burney 100% 100% Inc. Mountain Power -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Alexandria/Arlington, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Bristol 100% 100% -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Fairfax, 100% 100% Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Haverhill, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Projects of Partnership Interest in Covanta Covanta Projects of Covanta Projects of Hawaii, Inc. and Honolulu Resource Recovery Venture Hawaii, Inc. owns 50% as Hawaii, Inc. owns a 50% GP Covanta Oahu Waste general partner; Covanta Interest; Covanta Oahu Energy Recovery, Inc. Oahu Waste Energy Waste Energy Recovery, Inc. Recovery, Inc. owns 50% as owns a 50% GP Interest general partner -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Indianapolis, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta Marion, 100% 100% Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Haverhill, Inc. Common Stock of Covanta Omega 100% 100% Lease, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Systems, Inc. Common Stock of Covanta 100% 100% Stanislaus, Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta Haverhill, Inc. Common Stock of Haverhill Power, 100% 100% Inc. -------------------------- --------------------------------------- ------------------------------ ------------------------------- Covanta RRS Holdings, Common Stock of Michigan Waste to 100% 100% Inc. Energy, Inc. -------------------------- --------------------------------------- ------------------------------ -------------------------------
UNDERWRITERS 6. Underwriters. Not applicable. CAPITAL SECURITIES 7. Capitalization. The following table sets forth certain information with respect to each authorized class of securities of Covanta as of the date of this application. ----------------------------------- ------------------------------------------- Name Title of Class and Amount Authorized and Outstanding ----------------------------------- ------------------------------------------- Covanta Energy Corporation Common Stock Authorized: 80,000,000 shares at $.50 par value Issued and Outstanding: 49,824,251 shares $1.875 Cumulative Convertible Preferred Stock (Series A) Authorized: 4,000,000 shares Issued and Outstanding: 33,049 shares 9.25% Debentures due 2022 Authorized: $100,000,000 Issued and Outstanding: $100,000,000 6% Convertible Debentures due June 1, 2002 Authorized: $85,000,000 Issued and Outstanding: $85,000,000 5.75% Convertible Debentures due October 20, 2002 Authorized: $75,000,000 Issued and Outstanding: $63,650,000 ----------------------------------- ------------------------------------------- The following is a brief outline of the voting rights of each class of Covanta's voting securities: The holders of common stock possess full voting power with respect to the election of directors and all other purposes, except as limited by the Delaware General Corporation Law and except as described below. Each holder of common stock is entitled to one vote for each full share of common stock then issued and outstanding and held in such record holder's name. Holders of common stock vote together with the holders of Series A preferred stock and would vote together with the holders of any other series of preferred stock that may be issued and entitled to vote in such manner, and not as a separate class. The Company's Certificate of Incorporation does not provide for either preemptive rights or cumulative voting with respect to common stock or preferred stock. The holders of Series A preferred stock are entitled to one-half vote for each share of Series A preferred stock and except as described below, vote together as a class with the holders of common stock. However, if at any time dividends with respect to the Series A preferred stock have not been paid in an amount equal to or exceeding the dividends payable in respect of six quarterly periods, then the holders of Series A preferred stock, voting as a separate class with each share of Series A preferred stock having one vote, are entitled to elect two additional directors to the Board of Directors at the next annual meeting of stockholders in lieu of voting together with the holders of common stock in the election of directors, with such right continuing until all dividends in default have been paid. In addition, the separate consent or approval of at least two-thirds of the number of shares of any series of preferred stock then outstanding is required before the Company can undertake certain transactions, as specified in the Company's Certificate of Incorporation, that may have the effect of adversely affecting the rights of such series. The following table sets forth certain information with respect to each authorized class of securities of all Guarantors as of the date of this application:
---------------------------- ------------------------------------- ----------------------------------------- Name Title of Class Amount Authorized and Outstanding ---------------------------- ------------------------------------- ----------------------------------------- AMOR 14 Corporation Common Stock Authorized: 5,000 shares at $1.00 par value Issued and Outstanding: 5,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Acquisition, Common Stock Authorized: 100 shares at $1.00 Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Bessemer, Common Stock Authorized: 100 shares at $1.00 Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Cunningham Common Stock Authorized: 200 shares at no par Environmental Support value Services, Inc. Issued and Outstanding: 10 shares issued ---------------------------- ------------------------------------- ----------------------------------------- Covanta Energy Common Stock Authorized: 1,000 shares at $1.00 Americas, Inc. par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Energy Common Stock Authorized: 100 shares of common Construction, Inc. stock at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Energy Group, Common Stock Authorized: 100 shares at $1.00 Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Energy Common Stock Authorized: 100 shares at $1.00 InternationalInc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Energy Common Stock Authorized: 1,000 shares at $1.00 Resource Corp. par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Energy Common Stock Authorized: 100 shares at $1.00 Services, Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Energy West, Common Stock Authorized: 100 shares at $1.00 Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Engineering Common Stock Authorized: 100 shares at $1.00 Services, Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Geothermal Common Stock Authorized: 100 shares at $1.00 Operations Holdings, par value Inc. Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Geothermal Common Stock Authorized: 1,500 shares at no par Operations, Inc. value Issued and Outstanding: 1,500 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Haverhill Common Stock Authorized: 100 shares at $1.00 Properties, Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Heber Field Common Stock Authorized: 1500 shares at no par Energy, Inc. value Issued and Outstanding: 1500 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Hennepin Equity Interest Covanta Energy Resource Corp., Energy Resource Co., General Partner - 99% Limited Partnership Covanta OPWH, Inc., Limited Partner - 1% ---------------------------- ------------------------------------- ----------------------------------------- Covanta Hillsborough, Common Stock Authorized: 100 shares at $1.00 Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Huntington Common Stock Authorized: 1,000 shares at $1.00 Resource par value Recovery One Corp. Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Huntington Common Stock Authorized: 100 shares at no par Resource value Recovery Seven Corp. Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Huntsville, Common Stock Authorized: 100 shares at $1.00 par Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Hydro Energy, Common Stock Authorized: 1,500 shares at no par Inc. value Issued and Outstanding: 1,500 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Hydro Common Stock Authorized: 100 shares at $1.00 par Operations value West, Inc. Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Hydro Common Stock Authorized: 100 shares at $1.00 par Operations, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Imperial Power Common Stock Authorized: 1,000 shares at no par Services, Inc. value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Kent, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Lancaster, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Lee, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Long Island, Common Stock Authorized: 100 shares at no par Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Marion Land Preferred Stock and Common Authorized: Corp. Stock 300 preferred shares 1,000 common shares Issued and Outstanding: 100 common shares and 300 preferred shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Mid-Conn, Inc. Common Stock Authorized: 1,000 shares at $1.00 par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Montgomery, Common Stock Authorized: 100 shares at $1.00 par Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta New Common Stock Authorized: 10 shares at no par Martinsville value Hydroelectric Corporation Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta New Common Stock Authorized: 1,000 shares at $.01 Martinsville par value Hydro-Operations Corporation Issued and Outstanding: 400 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Oahu Waste Common Stock Authorized: 1,000 shares at no par Energy value Recovery Inc. Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Onondaga Five Common Stock Authorized: 100 shares at $1.00 par Corp. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Onondaga Four Common Stock Authorized: 100 shares at $1.00 par Corp. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Onondaga Common Stock Authorized: 100 shares at $1.00 par Operations, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Onondaga Three Common Stock Authorized: 100 shares at $1.00 par Corp. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Onondaga Two Common Stock Authorized: 100 shares at $1.00 par Corp. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Onondaga, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Operations of Equity Interests Covanta Projects, Inc. owns 99% Union, LLC Covanta Waste to Energy, Inc. owns 1% ---------------------------- ------------------------------------- ----------------------------------------- Covanta OPW Common Stock Authorized: 100 shares at $1.00 par Associates, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta OPWH, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Pasco, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Plant Services Common Stock Authorized: 100 shares at $1.00 par of New Jersey, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Power Equity Common Stock Authorized: Corporation A) 1,000 shares of Class A Common at $1.00 par value B) 250 shares of Class B Common at $.01 par value Issued and Outstanding: 1,000 shares of Common Class A ---------------------------- ------------------------------------- ----------------------------------------- Covanta Power Pacific, Common Stock Authorized: 10 shares at $1.00 par Inc. value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Power Plant Common Stock Authorized: 10,000 at no par value Operations Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Projects of Common Stock Authorized: 1,000 shares at $1.00 Hawaii, Inc. par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Projects, Inc. Preferred Stock and Common Authorized: 40,000,000 common Stock shares at $1.00 par value 1,000,000 preferred shares at $.50 par value Issued and Outstanding: 1,000 common shares Preferred shares have not been issued. ---------------------------- ------------------------------------- ----------------------------------------- Covanta RRS Holdings Common Stock Authorized: 100 shares at $1.00 Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Secure Common Stock Authorized: 100 shares at $1.00 Services, Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta SIGC Energy, Common Stock Authorized: 1000 shares at $1.00 Inc. par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta SIGC Energy Common Stock Authorized: 1000 shares at $1.00 II, Inc. par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta SIGC Geothermal Common Stock Authorized: 500 shares at no par Operations, Inc. value Issued and Outstanding: 500 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Systems, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Wallingford Common Stock Authorized: 100 shares at $1.00 par Associates, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Waste to Common Stock Authorized: 100 shares at $1.00 par Energy, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Water Common Stock Authorized: 100 shares at $1.00 par Holdings, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Water Systems, Common Stock Authorized: 100 shares at $1.00 par Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Water Treatment Common Stock Authorized: 100 shares at $1.00 par Services, Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- DSS Environmental, Inc. Preferred Stock and Common Authorized: Stock 100 common shares at $1.00 par value 20 preferred shares at no par value Issued and Outstanding: 100 common shares No preferred shares have been issued ---------------------------- ------------------------------------- ----------------------------------------- ERC Energy II, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- ERC Energy, Inc. Common Stock Authorized: 2,000 shares at $.05 par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Heber Field Energy II, Common Stock Authorized: 100 shares at $1.00 par Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Heber Loan Partners Equity Interests ERC Energy Inc. - 50% ERC Energy II, Inc. - 50% ---------------------------- ------------------------------------- ----------------------------------------- LMI, Inc. Common Stock Authorized: 10,000 shares at $.01 par value Issued and Outstanding: 10,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Mammoth Geothermal Common Stock Authorized: 1,000 shares at no par Company value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Mammoth Power Company Common Stock Authorized: 1,000 shares at no par value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Mt. Lassen Power Common Stock Authorized: 10 shares at $1.00 par value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Pacific Geothermal Common Stock Authorized: 10,000 shares at no par Company value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Pacific Oroville Common Stock Authorized: 10,000 shares at no par Power, Inc. value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Pacific Wood Fuels Common Stock Authorized: 10,000 shares at no par Company value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Pacific Wood Services Common Stock Authorized: 1,000 shares at no par Company value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Three Mountain Common Stock Authorized: 100 shares at $1.00 Operations, Inc. par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Three Mountain Power, Equity Interest Authorized: 100 shares at $1.00 par LLC value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Burney Mountain Power Common Stock Authorized: 10,000 shares at no par value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Common Stock Authorized: 1,000 shares at $1.00 Alexandria/Arlington, par value Inc. Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Bristol, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Fairfax, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Haverhill, Inc. Common Stock Authorized: 100 shares at $1.00 par value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Honolulu Equity Interests Covanta Projects of Hawaii, Inc., Resource Recovery General Partner - 50% Venture Covanta Oahu Waste Energy Recovery, Inc., General Partner - 50% ---------------------------- ------------------------------------- ----------------------------------------- Covanta Indianapolis, Common Stock Authorized: 100 shares at $1.00 par Inc. value Issued and Outstanding: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Marion, Inc. Common Stock Authorized: 10 shares at no par value Issued and Outstanding: 10 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Omega Lease, Common Stock Authorized: 1,000 shares at $1.00 Inc. par value Issued and Outstanding: 1,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Covanta Stanislaus, Common Stock Authorized: 100 shares at $1.00 par Inc. value Issued: 100 shares ---------------------------- ------------------------------------- ----------------------------------------- Haverhill Power, Inc. Common Stock Authorized: 300,000 shares at $.01 par value Issued: 10,000 shares ---------------------------- ------------------------------------- ----------------------------------------- Michigan Waste to Common Stock Authorized: 1,000 shares at $1.00 Energy, Inc. par value Issued: 1,000 shares ---------------------------- ------------------------------------- -----------------------------------------
The following is a brief outline of the voting rights of each class of the Guarantors' voting securities: The holders of the outstanding common shares of each of the Guarantors have the right to elect its Board of Directors and to vote on all other matters that may be acted on at any meeting of its shareholders, except for the holders of the outstanding common shares of Covanta Power Equity Corporation and DSS Environmental, Inc. The holders of the outstanding Class A common stock of Covanta Power Equity Corporation have all of the voting rights, including election of the Board of Directors, not reserved to the Class B common stock. The holders of the outstanding Class B common stock of Covanta Power Equity Corporation are entitled to elect one director and vote on amendments to the article of the certificate of incorporation that sets forth the purposes of the corporation. The holders of the outstanding common stock of DSS Environmental, Inc. do not have voting rights. The holders of the preferred stock of Covanta Marion Land Corporation have no voting rights except as required by law. The holders of the preferred stock have preference with respect to dividends and upon liquidation, dissolution or winding up of the company. The holders of the preferred stock of Covanta Projects, Inc. have preference upon liquidation, dissolution or winding up of the company and the same voting rights as the holders of the common stock. The holders of the preferred stock of DSS Environmental Inc. have voting rights, but the holders of the common stock do not. The holders of equity interests in Covanta Honolulu Resource Recovery Venture have the right to vote on all matters relating to the company's business. The holders of equity interests in Three Mountain Power, LLC have the right to vote on all matters relating to the company's business. The general partners of Heber Loan Partners each appoint one member to the Management Committee, and each member of the Management Committee has one vote on all matters involving management and direction of business and operations. The holders of equity interests in Covanta Operations of Union, LLC each appoint one member to the Board of Managers, and each member of the Board of Managers has one vote on all matters involving management and direction of business and operations. The general partners of Covanta Hennepin Energy Resource Co., Limited Partnership have the exclusive right to manage the business of the partnership. The powers and duties of the general partners may be exercised by any one of the general partners acting alone unless the partnership agreement specifically provides otherwise. No partner has the right to withdraw from the partnership without the consent of all of the general partners. INDENTURE SECURITIES 8. Analysis of indenture provisions. Secured Notes Indenture The following is a general description of certain provisions of the Secured Notes Indenture. This description is qualified in its entirety by reference to the form of Secured Notes Indenture filed as Exhibit T3C-1 hereto, including that "Company" means Covanta and that each Guarantor is a "Restricted Subsidiary." Capitalized terms used in this Item 8 and not defined elsewhere in this application have the meanings given to such terms in the Secured Notes Indenture. References to "Sections" in this analysis refer to sections of the Secured Notes Indenture, and references to the "Indenture" refer to the Secured Notes Indenture. (A) Events of Default; Withholding of Notice The Indenture defines "Event of Default" as: (a) The default for 30 days in the payment of interest due on the Secured Notes; (b) The default in the payment of principal or accreted value of, or premium (if any) on the Secured Notes; (c) The failure of the Company or any of its Restricted Subsidiaries to observe or perform its obligations under certain covenants in the Indenture relating to merger, consolidation, sale of assets or change of control (Sections 4.15 and 5.01); (d) The failure by the Company or any of its Restricted Subsidiaries for 60 days notice from the Trustee or holders of at least 25% in aggregate principal amount of the outstanding Secured Notes to observe or perform any other covenant, condition or agreement in the Indenture or the Security Documents; (e) The default under any mortgage, indenture, agreement or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness of the Company or any of its Restricted Subsidiaries, whether such Indebtedness now exists, or is created after the Issue Date, which default is caused by the failure to pay principal or liquidation preference at final maturity or results in the acceleration of such Indebtedness prior to maturity, or results in the requirement that the Company or any of its Restricted Subsidiaries collateralize any letter of credit and the Company and such Restricted Subsidiary fails to provide the required collateral, in each case where the principal amount of such Indebtedness or collateralization requirement aggregates at least $20,000,000; (f) The failure by the Company or any of its Restricted Subsidiaries to pay final judgments aggregating in excess of $10 million of the amounts which the Company's insurance carriers have agreed to pay, which judgments have not been waived, satisfied, bonded or discharged for a period of 60 days during which a stay of enforcement is not in effect; (g) Certain events of bankruptcy or insolvency relating to the Company or any Restricted Subsidiary of the Company (other than a Restricted Subsidiary that is in bankruptcy upon effectiveness of the Reorganization Plan). The Indenture provides that the Trustee will, within 90 days after the occurrence of a default that is continuing and known to the Trustee, give the holders of Notes notice of such default. Except in the case of default in the payment of principal of, premium (if any) or interest on any Secured Note, however, the Trustee may withhold notice if and so long as a committee of its Responsible Officers in good faith determines withholding the notices is in the interests of the Holders of the Secured Notes. If an Event of Default occurs and is continuing, the Trustee of holders of at least 25% in principal amount at Stated Maturity of the Secured Notes may declare the Secured Notes to be immediately due and payable. The amount due shall be the Accreted Value of the Secured Notes as of the date of acceleration. In the Event of Default as described in clause (e) above, such declaration of acceleration shall be annulled if the holders in respect of such Indebtedness have rescinded their declaration of acceleration within 30 days of the date of such declaration and such annulment would not conflict with the judgment or decree of a court of competent jurisdiction and all existing Events of Default, except nonpayment of principal or interest on the Secured Notes due and payable solely because of such acceleration have been cured or waived. The holders of a majority in aggregate principal amount at Stated Maturity of the outstanding Secured Notes may rescind an acceleration and its consequence by written notice to the Trustee if such rescission would not conflict with any judgment or decree and if all existing Events of Default (other than nonpayment of principal and interest as stated above) have been cured or waived. If an Event of Default occurs by willful action by the Company with the intention of avoiding payment of the premium that the Company would have to pay if it elected to redeem the Secured Notes pursuant to the Optional Redemption provisions in the Indenture (Section 3.07), then upon acceleration and equivalent premium shall also become due and payable. Defaults may be waived by the holders of a majority in aggregate principal amount at Stated Maturity of the outstanding Secured Notes, upon conditions provided in the Indenture, except that such holders may not waive an Event of Default in the payment of the principal or Accreted Value of or premium or interest on the Secured Notes, including an offer to purchase. However, such holders may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration. (B) Execution and Authentication of the Secured Notes The aggregate principal amount of Secured Notes which may be authenticated and delivered under the Indenture is limited to $230,000,000 at Stated Maturity. The Secured Notes to be issued under the Indenture will be executed on behalf of the Company by its proper officers and delivered to the Trustee for authentication and delivery in accordance with the Company's Authentication Certificate and the Indenture. On the date of the Indenture, the Trustee will authenticate the Secured Notes to be issued in Global Form for $230,000,000 in aggregate principal amount at Stated Maturity. The Trustee may appoint an authenticating agent acceptable to the Company to authenticate the Secured Notes. An authenticating agent may authenticate the Secured Notes whenever the Trustee may do so. There will be no proceeds (and therefore no application of such proceeds) from the issuance of the Secured Notes because the Notes will be issued as part of an exchange for claims pursuant to the Plan of Reorganization as described in Item 2 of this application. (C) Release or Substitution of Collateral The Trustee shall not direct the Collateral Agent to release Collateral subject to the lien of the Indenture and the Security Documents unless such release is in accordance with the provisions of the Indenture, the Security Documents and Section 314(d) of the TIA. The Company may file a request for an exemption from the requirements of Section 314(d) of the TIA for releases of collateral and the making of cash payments in the ordinary course of business, provided that the Company and the Guarantors continue to furnish to the Trustee all necessary certificates required under the Indenture. The Indenture permits the Company and its Restricted Subsidiaries to sell, lease transfer or otherwise dispose of any of its assets, provided that certain conditions are met (including the application of Net Proceeds in accordance with the Indenture). (D) Satisfaction and Discharge Under the Indenture The Indenture shall cease to be of further effect (except that certain obligations of the Company and the Guarantors regarding indemnification and compensation of the Trustee and certain obligations of the Trustee relating to the payment of excess monies held in Trust) when all outstanding Secured Notes that have been authenticated an issued have been delivered (other than destroyed, lost or stolen Secured Notes that have been replaced or paid) to the Trustee for cancellation and the Company has paid all sums payable by the Company under the Indenture. In addition, with regards to Notes that have not been delivered to the Trustee for cancellation that have become due and payable, the Company may terminate all of its obligations under the Indenture if: (a) The Company or any Guarantor has irrevocably deposited with the Trustee cash in U.S. dollars, non-callable Government Securities or a combination thereof, in amounts sufficient without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness of those Secured Notes for principal or Accreted Value, premium (if any) and accrued interest to the date of maturity or redemption; (b) No Event of Default has occurred and is continuing on the date of such deposit or will occur on account of such deposit, and such deposit will not result in a breach or violation of any other instrument to which the Company or any Guarantor is a party; (c) The Company or any Guarantor has paid all sums payable under the Indenture; (d) The Company has delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the Secured Notes at maturity or on the redemption date; (e) The Company has delivered an Officer's Certificate and Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied. The Company may effect a defeasance (i.e., the discharge of certain obligations of the Issuer under the Indenture, including the Indebtedness represented by the Secured Notes), or a covenant defeasance (i.e., the release of certain covenant obligations of the Issuer and each Guarantor under the Indenture) with respect to the defeased Secured Notes upon the satisfaction of certain conditions, including, (a) the irrevocable deposit by the Company with the Trustee in trust for the benefit of the holders, cash in U.S. dollars, non-callable Government Securities or a combination thereof, in such amount as shall be sufficient to pay the principal or Accreted Value of, and premium, if any, and interest on the outstanding Notes on the stated date for payment; (b) the delivery to the Trustee of certain prescribed Opinions of Counsel (including an opinion with respect to certain U.S. Federal income tax); (c) that no Default or Event of Default shall have occurred and be continuing on the date of such Deposit; (d) such defeasance shall not result in a breach or violation of, or constitute a default under any material agreement or instrument to which the Company or any of its Subsidiaries is a party or is bound; (e) the delivery to the Trustee of an Officer's Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of Notes over the other creditors of the Company with the intent of defeating, delaying or defrauding any other creditors of the Company; and (f) the delivery to the Trustee of an Officer's Certificate and an Opinion of Counsel stating that all conditions precedent provided for or related to the defeasance have been complied with. The Opinion of Counsel required by (f) above does not need to be delivered if all Secured Notes not therefore delivered to the Trustee for cancellation (i) have become due and payable or (ii) will become due and payable on their maturity date within one year under arrangements satisfactory to the Trustee for the giving of notice of assumption by the Trustee in the name and at the expense of the Company. (E) Evidence of Compliance with Conditions and Covenants So long as any of the Secured Notes are outstanding, the Indenture requires that the Company and the Guarantors (if the Guarantor is so required under the TIA) to deliver to the Trustee: (a) Within 105 days after the end of each fiscal year, an Officer's Certificate, that to the best of the signing Officer's knowledge the Company and Guarantors have kept, observed, performed and fulfilled each and every covenant contained in the Indenture and are not in default in the performance or observance of any of the terms, provisions and conditions of the Indenture (or, if a Default or an Event of Default has occurred, describing all such Defaults or Events of Default and what action is being proposed) and that to the best of his or her knowledge no event has occurred and is continuing by reason of which payments of the principal or Accreted Value of, or interest or premium, if any, on the Secured Notes are prohibited, or if such event has occurred, a description of the event and what action the Company or Guarantor is taking with respect thereto; (b) So long as not contrary to the then current recommendations of the American Institute of Certified Pubic Accountants, the year-end financial statements delivered pursuant to Section 4.03 of the Indenture shall be accompanied by a written statements of the Company's independent public accountants that in connection with their audit, nothing has come to their attention that has caused them to believe that, with respect to financial and accounting matters, the Company failed to comply with any provision of Articles 4 or 5 of the Indenture, or if any such noncompliance has come to their attention, specifying the nature and period of existence, it being understood that their audit was not directed primarily towards obtaining knowledge of such noncompliance and that they will not be held liable directly or indirectly to any Person for failure to obtain such knowledge; (c) Within five Business Days after the date on which any officer of the Company becomes aware of a Default or Event of Default, the Company shall deliver to the Trustee an Officer's Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take; (d) Upon any request or application by the Company to the Trustee to take any action under the Indenture, the Company is required to furnish to the Trustee (1) an Officer's Certificate and (2) an opinion of legal counsel, each to the effect that all conditions precedent and covenants, if any, provided for in the Indenture relating to the proposed actions have been satisfied; (e) The Company and the Guarantors are required to deliver all certificates and opinions under Section 314 of the TIA relating to collateral and releases thereof. Subordinated Notes Indenture The following is a general description of certain provisions of the Subordinated Notes Indenture. This description is qualified in its entirety by reference to the form of Subordinate Notes Indenture filed as exhibit T3C-2 hereto. Capitalized terms used in this Item 8 and not defined elsewhere in this application have the meanings given to such terms in the Indenture. References to "Sections" in this analysis refer to sections of the Secured Notes Indenture, and references to the "Indenture" refer to the Secured Notes Indenture. (A) Events of Default; Withholding of Notice The Indenture defines "Event of Default" as: (a) The default in the payment of principal on the Unsecured Notes, except if the Company is prohibited from making such payment under the provisions relating to defaults on Senior Indebtedness of the Company (Section 10.3) and for 5 Business Days after the relevant prohibition is terminated; (b) The default for 30 days in the payment of interest due on the Unsecured Notes; except if the Company is prohibited from making such payment under the provisions relating to defaults on Senior Indebtedness of the Company (Section 10.3) and for 5 Business Days after the relevant prohibition is terminated; (c) The failure by the Company for 60 days notice from the Trustee or holders of at least 25% in aggregate principal amount of the outstanding Subordinated Notes to observe or perform any other covenant, condition or agreement in the Indenture; (d) A default by the Company under any Indebtedness which results in the acceleration of such Indebtedness prior to its Stated Maturity in the aggregate of $20,000,000 or more; and (e) Certain events of bankruptcy or insolvency relating to the Company and any Restricted Subsidiary of the Company (other than a Bankrupt Subsidiary) as specified in the Indenture. The Indenture provides that the Company will deliver to the Trustee an Officer's Certificate describing any Default or Event of Default, the status and what action the Company proposes to take. The Indenture provides that the Trustee will, within 90 days after the occurrence of a default that is continuing and known to the Trustee, give the holders of Notes notice of such default. Except in the case of default in the payment of principal of, premium (if any) or interest on any Unsecured Note, however, the Trustee may withhold notice if and so long as a committee of its Trust Officers in good faith determines withholding the notices is in the interests of the holders of the Unsecured Notes. If an Event of Default occurs and is continuing, the Trustee of holders of at least 25% in principal amount of the Unsecured Notes may declare the Unsecured Notes to be immediately due and payable. In the Event of Default as described in clause (e) above, the unpaid principal of and accrued and unpaid interest on all the Notes will become immediately due and payable without any declaration or other act on the part of the Trustee or the holders. The holders of a majority in aggregate principal amount of the outstanding Notes may rescind an acceleration and its consequence by written notice to the Trustee if such rescission would not conflict with any judgment or decree, if all existing Events of Default (other than nonpayment of principal and interest as stated above) have been cured or waived, and if the Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its reasonable expenses, disbursements and advancements. Defaults may be waived by the holders of a majority in aggregate principal amount of the outstanding Unsecured Notes, upon conditions provided in the Indenture, except Event of Default in the payment of the principal or interest on the Unsecured Notes. (B) Execution and Authentication of the Unsecured Notes The aggregate principal amount of Unsecured Notes which may be authenticated and delivered under the Indenture is limited up to $50,000,000. The Unsecured Secured Notes to be issued under the Indenture will be executed from time to time on behalf of the Company by its proper officers and delivered to the Trustee for authentication and delivery in accordance with the Company's Authentication Certificate and the Indenture. The Trustee may appoint an authenticating agent acceptable to the Company to authenticate the Unsecured Notes. An authenticating agent may authenticate the Secured Notes whenever the Trustee may do so. There will be no proceeds (and therefore no application of such proceeds) from the issuance of the Unsecured Notes because the Notes will be issued as part of an exchange for claims pursuant to the Plan of Reorganization as described in Item 2 of this application. (C) Release or Substitution of Collateral The Unsecured Notes are unsecured. The Indenture therefore does not contain any provisions relating to the release and substitution of collateral. (D) Satisfaction and Discharge Under the Indenture The Indenture shall cease to be of further effect (except that certain obligations of the Company regarding indemnification and compensation of the Trustee, and surviving rights or registration or transfer or exchange of the Unsecured Notes expressly provided in the Indenture) when all outstanding Unsecured Notes that have been authenticated an issued have been delivered (other than destroyed, lost or stolen Unsecured Notes that have been replaced or paid) to the Trustee for cancellation and the Company has paid all sums payable by the Company under the Indenture. In addition, with regards to Unsecured Notes that have not been delivered to the Trustee for cancellation that have become due and payable, the Company may terminate all of its obligations under the Indenture if: (a) The Company has irrevocably deposited with the Trustee U.S. Legal Tender or U.S. Government Obligations sufficient without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness of those Unsecured Notes for principal and interest to the date of deposit, together with irrevocable instructions from the Company directing the Trustee to apply such funds to the payment; (b) The Company has delivered to the Trustee an Officers' Certificate stating that all conditions under this Indenture relating to the satisfaction and discharge have been complied with; and (c) The Company has paid all sums payable under the Indenture and the Unsecured Notes. (E) Evidence of Compliance with Conditions and Covenants So long as any of the Unsecured Notes are outstanding, the Indenture requires that the Company to deliver to the Trustee: (a) Within 105 days after the end of each fiscal year the Company shall deliver an Officer's Certificate that complies with Section 314(a)(4) of the TIA, and states that in the course of the performance by the signers of their duties as Officers of the Company they would normally have knowledge of any Default of Event of Default that occurred during such period, and if they do, shall describe such Default or Event of Default, it status and what actions the Company proposes to take with respect thereto; (b) Upon becoming aware of any Default or Event of Default the Company shall deliver to the Trustee an Officer's certificate specifying such Default or Event of Default and what action the Company proposes to take with respect thereto; (c) Upon any request or application by the Company to the Trustee to take any action under the Indenture, the Company is required to furnish to the Trustee (1) an Officer's Certificate and (2) an opinion of legal counsel, each to the effect that all conditions precedent and covenants, if any, provided for in the Indenture relating to the proposed actions have been satisfied; and (d) The Company is required to deliver all certificates and opinions required under Section 314(a)(4) of the TIA. 9. Other obligors. There are no obligors under the indenture securities other than the Applicants. The Guarantors are obligors in respect of the Secured Notes, but not the Subordinated Notes. CONTENTS OF APPLICATION FOR QUALIFICATION This application for qualification comprises: (a) Pages numbered 1 to [?], consecutively. (b) The statement of eligibility and qualification of each trustee under the indentures to be qualified. (c) The following exhibits in addition to those filed as a part of the statement of eligibility and qualification of each trustee: Exhibit T3A-1. Restated Certificate of Incorporation for Covanta Energy Corporation as amended, previously filed as Exhibit 3(a) to the Company's Form 10-K for the fiscal year ended December 31, 1988 and incorporated herein by reference. Exhibit T3A-2. Certificate of Ownership and Merger, Merging Ogden-Covanta, Inc. into Ogden Corporation, dated March 7, 2001, previously filed as Exhibit 3.1(b) to the Company's Form 10-K for the fiscal year ended December 31, 2000 and incorporated herein by reference. Exhibit T3A-3. Certificate of Incorporation for AMOR 14 Corporation Exhibit T3A-4. Certificate of Incorporation for Covanta Acquisition, Inc. Exhibit T3A-5. Certificate of Incorporation for Covanta Bessemer, Inc. Exhibit T3A-6. Certificate of Incorporation for Covanta Cunningham Environmental Support, Inc. Exhibit T3A-7. Certificate of Incorporation for Covanta Energy Americas, Inc. Exhibit T3A-8. Certificate of Incorporation for Covanta Energy Construction, Inc. Exhibit T3A-9. Certificate of Incorporation for Covanta Energy Group, Inc. Exhibit T3A-10. Certificate of Incorporation for Covanta Energy International, Inc. Exhibit T3A-11. Certificate of Incorporation for Covanta Energy Resource Corp. Exhibit T3A-12. Certificate of Incorporation for Covanta Energy Services, Inc. Exhibit T3A-13. Certificate of Incorporation for Covanta Energy West, Inc. Exhibit T3A-14. Certificate of Incorporation for Covanta Engineering Services, Inc. Exhibit T3A-15. Certificate of Incorporation for Covanta Geothermal Operations Holdings, Inc. Exhibit T3A-16. Certificate of Incorporation for Covanta Geothermal Operations, Inc. Exhibit T3A-17. Certificate of Incorporation for Covanta Haverhill Properties, Inc. Exhibit T3A-18. Certificate of Incorporation for Covanta Heber Field Energy, Inc. Exhibit T3A-19. Certificate of Incorporation for Covanta Hennepin Energy Resource Co., L.P. Exhibit T3A-20. Certificate of Incorporation for Covanta Hillsborough, Inc. Exhibit T3A-21. Certificate of Incorporation for Covanta Huntington Resource Recovery One Corp. Exhibit T3A-22. Certificate of Incorporation for Covanta Huntington Resource Recovery Seven Corp. Exhibit T3A-23. Certificate of Incorporation for Covanta Huntsville, Inc. Exhibit T3A-24. Certificate of Incorporation for Covanta Hydro Energy, Inc. Exhibit T3A-25. Certificate of Incorporation for Covanta Hydro Operations West, Inc. Exhibit T3A-26. Certificate of Incorporation for Covanta Hydro Operations, Inc. Exhibit T3A-27. Certificate of Incorporation for Covanta Imperial Power Services, Inc. Exhibit T3A-28. Certificate of Incorporation for Covanta Kent, Inc. Exhibit T3A-29. Certificate of Incorporation for Covanta Lancaster, Inc. Exhibit T3A-30. Certificate of Incorporation for Covanta Lee, Inc. Exhibit T3A-31. Certificate of Incorporation for Covanta Long Island, Inc. Exhibit T3A-32. Certificate of Incorporation for Covanta Marion Land Corp. Exhibit T3A-33. Certificate of Incorporation for Covanta Mid-Conn., Inc. Exhibit T3A-34. Certificate of Incorporation for Covanta Montgomery, Inc. Exhibit T3A-35. Certificate of Incorporation for Covanta New Martinsville Hydroelectric Corporation Exhibit T3A-36. Certificate of Incorporation for Covanta New Martinsville Hydro-Operations Corporation Exhibit T3A-37. Certificate of Incorporation for Covanta Oahu Waste Energy Recovery, Inc. Exhibit T3A-38. Certificate of Incorporation for Covanta Onondaga Five Corporation Exhibit T3A-39. Certificate of Incorporation for Covanta Onondaga Four Corporation Exhibit T3A-40. Certificate of Incorporation for Covanta Onondaga Operations, Inc. Exhibit T3A-41. Certificate of Incorporation for Covanta Onondaga Three Corporation Exhibit T3A-42. Certificate of Incorporation for Covanta Onondaga Two Corporation Exhibit T3A-43. Certificate of Incorporation for Covanta Onondaga, Inc. Exhibit T3A-44. Certificate of Incorporation for Covanta Operations of Union LLC Exhibit T3A-45. Certificate of Incorporation for Covanta OPW Associates, Inc. Exhibit T3A-46. Certificate of Incorporation for Covanta OPWH, Inc. Exhibit T3A-47. Certificate of Incorporation for Covanta Pasco, Inc. Exhibit T3A-48. Certificate of Incorporation for Covanta Plant Services of New Jersey, Inc. Exhibit T3A-49. Certificate of Incorporation for Covanta Power Equity Corporation Exhibit T3A-50. Certificate of Incorporation for Covanta Power Pacific, Inc. Exhibit T3A-51. Certificate of Incorporation for Covanta Power Plant Operations Exhibit T3A-52. Certificate of Incorporation for Covanta Projects of Hawaii, Inc. Exhibit T3A-53. Certificate of Incorporation for Covanta Projects, Inc. Exhibit T3A-54. Certificate of Incorporation for Covanta RRS Holdings Inc. Exhibit T3A-55. Certificate of Incorporation for Covanta Secure Services, Inc. Exhibit T3A-56. Certificate of Incorporation for Covanta SIGC Energy, Inc. Exhibit T3A-57. Certificate of Incorporation for Covanta SIGC Energy II, Inc. Exhibit T3A-58. Certificate of Incorporation for Covanta SIGC Geothermal Operations, Inc. Exhibit T3A-59. Certificate of Incorporation for Covanta Systems, LLC Exhibit T3A-60. Certificate of Incorporation for Covanta Wallingford Associates, Inc. Exhibit T3A-61. Certificate of Incorporation for Covanta Waste to Energy , LLC Exhibit T3A-62. Certificate of Incorporation for Covanta Water Holdings, Inc. Exhibit T3A-63. Certificate of Incorporation for Covanta Water Systems Inc. Exhibit T3A-64. Certificate of Incorporation for Covanta Water Treatment Services Inc. Exhibit T3A-65. Certificate of Incorporation for DSS Environmental, Inc. Exhibit T3A-66. Certificate of Incorporation for ERC Energy II, Inc. Exhibit T3A-67. Certificate of Incorporation for ERC Energy, Inc. Exhibit T3A-68. Certificate of Incorporation for Heber Field Energy II, Inc. Exhibit T3A-69. Certificate of Incorporation for Heber Loan Partners Exhibit T3A-70. Certificate of Incorporation for LMI, Inc. Exhibit T3A-71. Certificate of Incorporation for Mammoth Geothermal Company Exhibit T3A-72. Certificate of Incorporation for Mammoth Power Company Exhibit T3A-73. Certificate of Incorporation for Mt. Lassen Power Exhibit T3A-74. Certificate of Incorporation for Pacific Geothermal Company Exhibit T3A-75. Certificate of Incorporation for Pacific Oroville Power, Inc. Exhibit T3A-76. Certificate of Incorporation for Pacific Wood Fuels Company Exhibit T3A-77. Certificate of Incorporation for Pacific Wood Services Company Exhibit T3A-78. Certificate of Incorporation for Three Mountain Operations, Inc. Exhibit T3A-79. Certificate of Incorporation for Three Mountain Power, LLC Exhibit T3A-80 Certificate of Incorporation for Burney Mountain Power Exhibit T3A-81. Certificate of Incorporation for Covanta Alexandria/Arlington, Inc. Exhibit T3A-82. Certificate of Incorporation for Covanta Bristol, Inc. Exhibit T3A-83. Certificate of Incorporation for Covanta Fairfax, Inc. Exhibit T3A-84. Certificate of Incorporation for Covanta Haverhill, Inc. Exhibit T3A-85. Certificate of Incorporation for Honolulu Resource Recovery Venture Exhibit T3A-86. Certificate of Incorporation for Indianapolis, Inc. Exhibit T3A-87. Certificate of Incorporation for Covanta Marion, Inc. Exhibit T3A-88. Certificate of Incorporation for Covanta Omega Lease, Inc. Exhibit T3A-89. Certificate of Incorporation for Covanta Stanislaus, Inc. Exhibit T3A-90. Certificate of Incorporation for Covanta Haverhill Power, LLC Exhibit T3A-91. Certificate of Incorporation for Michigan Waste Energy, Inc. Exhibit T3B-1. By-Laws, as amended, of Covanta Energy Corporation, previously filed as Exhibit 3.2 to the Company's Form 10-Q for the quarterly period ended March 31, 1998 and incorporated herein by reference. Exhibit T3B-2. Bylaws of AMOR 14 Corporation Exhibit T3B-3. Bylaws of Covanta Acquisition, Inc. Exhibit T3B-4. Bylaws of Covanta Bessemer, Inc. Exhibit T3B-5. Bylaws of Covanta Cunningham Environmental Support, Inc. Exhibit T3B-6. Bylaws of Covanta Energy Americas, Inc. Exhibit T3B-7. Bylaws of Covanta Energy Construction, Inc. Exhibit T3B-8. Bylaws of Covanta Energy Group, Inc. Exhibit T3B-9. Bylaws of Covanta Energy International, Inc. Exhibit T3B-10. Bylaws of Covanta Energy Resource Corp. Exhibit T3B-11. Bylaws of Covanta Energy Services, Inc. Exhibit T3B-12. Bylaws of Covanta Energy West, Inc. Exhibit T3B-13. Bylaws of Covanta Engineering Services, Inc. Exhibit T3B-14. Bylaws of Covanta Geothermal Operations Holdings, Inc. Exhibit T3B-15. Bylaws of Covanta Geothermal Operations, Inc. Exhibit T3B-16. Bylaws of Covanta Haverhill Properties, Inc. Exhibit T3B-17. Bylaws of Covanta Heber Field Energy, Inc. Exhibit T3B-18. Bylaws of Covanta Hennepin Energy Resource Co., Limited Partnership Exhibit T3B-19. Bylaws of Covanta Hillsborough, Inc. Exhibit T3B-20. Bylaws of Covanta Huntington Resource Recovery One Corp. Exhibit T3B-21. Bylaws of Covanta Huntington Resource Recovery Seven Corp. Exhibit T3B-22. Bylaws of Covanta Huntsville, Inc. Exhibit T3B-23. Bylaws of Covanta Hydro Energy, Inc. Exhibit T3B-24. Bylaws of Covanta Hydro Operations, Inc. Exhibit T3B-25. Bylaws of Covanta Hydro Operations West, Inc. Exhibit T3B-26. Bylaws of Covanta Imperial Power Services, Inc. Exhibit T3B-27. Bylaws of Covanta Kent, Inc. Exhibit T3B-28. Bylaws of Covanta Lancaster, Inc. Exhibit T3B-29. Bylaws of Covanta Lee, Inc. Exhibit T3B-30. Bylaws of Covanta Long Island, Inc. Exhibit T3B-31. Bylaws of Covanta Marion Land Corp. Exhibit T3B-32. Bylaws of Covanta Mid-Conn, Inc. Exhibit T3B-33. Bylaws of Covanta Montgomery, Inc. Exhibit T3B-34. Bylaws of Covanta New Martinsville Hydroelectric Corporation Exhibit T3B-35. Bylaws of Covanta New Martinsville Hydro-Operations Corporation Exhibit T3B-36. Bylaws of Covanta Oahu Waste Energy Recovery Inc. Exhibit T3B-37. Bylaws of Covanta Onondaga Five Corp. Exhibit T3B-38. Bylaws of Covanta Onondaga Four Corp. Exhibit T3B-39. Bylaws of Covanta Onondaga Operations, Inc. Exhibit T3B-40. Bylaws of Covanta Onondaga Three Corp. Exhibit T3B-41. Bylaws of Covanta Onondaga Two Corp. Exhibit T3B-42. Bylaws of Covanta Onondaga, Inc. Exhibit T3B-43. Bylaws of Covanta Operations of Union, LLC Exhibit T3B-44. Bylaws of Covanta OPW Associates, Inc. Exhibit T3B-45. Bylaws of Covanta OPWH, Inc. Exhibit T3B-46. Bylaws of Covanta Pasco, Inc. Exhibit T3B-47. Bylaws of Covanta Plant Services of New Jersey, Inc. Exhibit T3B-48. Bylaws of Covanta Power Equity Corporation Exhibit T3B-49. Bylaws of Covanta Power Pacific, Inc. Exhibit T3B-50. Bylaws of Covanta Power Plant Operations Exhibit T3B-51. Bylaws of Covanta Projects of Hawaii, Inc. Exhibit T3B-52. Bylaws of Covanta Projects, Inc. Exhibit T3B-53. Bylaws of Covanta RRS Holdings Inc. Exhibit T3B-54. Bylaws of Covanta Secure Services, Inc. Exhibit T3B-55. Bylaws of Covanta SIGC Energy, Inc. Exhibit T3B-56. Bylaws of Covanta SIGC Energy II, Inc. Exhibit T3B-57. Bylaws of Covanta SICG Geothermal Operations, Inc. Exhibit T3B-58. Bylaws of Covanta Systems, Inc. Exhibit T3B-59. Bylaws of Covanta Wallingford Associates, Inc. Exhibit T3B-60. Bylaws of Covanta Waste to Energy, Inc. Exhibit T3B-61. Bylaws of Covanta Water Holdings, Inc. Exhibit T3B-62. Bylaws of Covanta Water Systems, Inc. Exhibit T3B-63. Bylaws of Covanta Water Treatment Services, Inc. Exhibit T3B-64. Bylaws of DSS Environmental, Inc. Exhibit T3B-65. Bylaws of ERC Energy II, Inc. Exhibit T3B-66. Bylaws of ERC Energy, Inc. Exhibit T3B-67. Bylaws of Heber Field Energy II, Inc. Exhibit T3B-68. Bylaws of Heber Loan Partners Exhibit T3B-69. Bylaws of LMI, Inc. Exhibit T3B-70. Bylaws of Mammoth Geothermal Company Exhibit T3B-71. Bylaws of Mammoth Power Company Exhibit T3B-72. Bylaws of Mt. Lassen Power Exhibit T3B-73. Bylaws of Pacific Geothermal Company Exhibit T3B-74. Bylaws of Pacific Oroville Power, Inc. Exhibit T3B-75. Bylaws of Pacific Wood Fuels Company Exhibit T3B-76. Bylaws of Pacific Wood Services Company Exhibit T3B-77. Bylaws of Three Mountain Operations, Inc. Exhibit T3B-78. Bylaws of Three Mountain Power, LLC Exhibit T3B-79 Bylaws of Burney Mountain Power Exhibit T3B-80. Bylaws of Covanta Alexandria/Arlington, Inc. Exhibit T3B-81. Bylaws of Covanta Bristol, Inc. Exhibit T3B-82. Bylaws of Covanta Fairfax, Inc. Exhibit T3B-83. Bylaws of Covanta Haverhill, Inc. Exhibit T3B-84. Bylaws of Covanta Honolulu Resource Recovery Venture Exhibit T3B-85. Bylaws of Covanta Indianapolis, Inc. Exhibit T3B-86. Bylaws of Covanta Marion, Inc. Exhibit T3B-87. Bylaws of Covanta Omega Lease, Inc. Exhibit T3B-88. Bylaws of Covanta Stanislaus, Inc. Exhibit T3B-89. Bylaws of Covanta Haverhill Power, LLC Exhibit T3B-90. Bylaws of Michigan Waste Energy, Inc. Exhibit T3C-1. Form of Indenture for 8.25% Senior Secured Notes due 2011 between Covanta, the Guarantors party thereto and the Trustee. Exhibit T3C-2. Form of Indenture for 7.5% Unsecured Subordinated Notes due 2012 between Covanta and the Trustee. Exhibit T3D. Not applicable. Exhibit T3E-1. Debtors' Second Joint Reorganization Plan under Chapter 11 of the Bankruptcy Code previously filed as Exhibit T3E-1 to the Company's T-3/A (Amendment No. 3) filed with the Commission on January 26, 2004 and incorporated herein by reference. Exhibit T3E-2. Debtors' Second Joint Plan of Liquidation under Chapter 11 of the Bankruptcy Code previously filed as Exhibit T3E-2 to the Company's T-3/A (Amendment No. 3) filed with the Commission on January 26, 2004 and incorporated herein by reference. Exhibit T3E-3. Second Disclosure Statement with Respect to Reorganizing Debtors' Second Joint Plan of Reorganization and Liquidating Debtors' Second Joint Plan of Liquidation Under Chapter 11 of the Bankruptcy Code previously filed as Exhibit T3E-3 to the Company's T-3/A (Amendment No. 3) filed with the Commission on January 26, 2004 and incorporated herein by reference. Exhibit T3F-1. Cross reference sheet showing the location in the Secured Notes Indenture of the provisions inserted therein pursuant to Section 310 through 318(a), inclusive, of the Trust Indenture Act of 1939. Exhibit T3F-2. Cross reference sheet showing the location in the Subordinated Notes Indenture of the provisions inserted therein pursuant to Section 310 through 318(a), inclusive, of the Trust Indenture Act of 1939. Exhibit T3-G. Statement of eligibility and qualification of the Trustee on Form T-1. ------------------------------------------------------------------------------ SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939, each of the Applicants, Covanta Energy Corporation, a corporation organized and existing under the laws of Delaware; AMOR 14 Corporation, a corporation organized and existing under the laws of Delaware; Covanta Acquisition, Inc., a corporation organized and existing under the laws of Delaware; Covanta Bessemer, Inc., a corporation organized and existing under the laws of Delaware; Covanta Cunningham Environmental Support, Inc., a corporation organized and existing under the laws of Delaware; Covanta Energy Americas, Inc., a corporation organized and existing under the laws of Delaware; Covanta Energy Construction, Inc., a corporation organized and existing under the laws of Delaware; Covanta Energy Group, Inc., a corporation organized and existing under the laws of Delaware; Covanta Energy International, Inc., a corporation organized and existing under the laws of Delaware; Covanta Energy Resource Corp., a corporation organized and existing under the laws of Delaware; Covanta Energy Services, Inc., a corporation organized and existing under the laws of Delaware; Covanta Energy West, Inc., a corporation organized and existing under the laws of Delaware; Covanta Engineering Services, Inc., a corporation organized and existing under the laws of New Jersey; Covanta Geothermal Operations Holdings, Inc., a corporation organized and existing under the laws of Delaware; Covanta Geothermal Operations, Inc., a corporation organized and existing under the laws of Delaware; Covanta Haverhill Properties, Inc., a corporation organized and existing under the laws of Massachusetts; Covanta Heber Field Energy, Inc., a corporation organized and existing under the laws of Delaware; Covanta Hennepin Energy Resource Co., Limited Partnership, a limited partnership organized and existing under the laws of Delaware; Covanta Hillsborough, Inc., a corporation organized and existing under the laws of Florida; Covanta Huntington Resource Recovery One Corp., a corporation organized and existing under the laws of Delaware; Covanta Huntington Resource Recovery Seven Corp., a corporation organized and existing under the laws of Delaware; Covanta Huntsville, Inc., a corporation organized and existing under the laws of Alabama; Covanta Hydro Energy, Inc., a corporation organized and existing under the laws of Delaware; Covanta Hydro Operations, Inc., a corporation organized and existing under the laws of Tennessee; Covanta Hydro Operations West, Inc., a corporation organized and existing under the laws of Delaware; Covanta Imperial Power Services, Inc., a corporation organized and existing under the laws of the state of California; Covanta Kent, Inc., a corporation organized and existing under the laws of Michigan; Covanta Lancaster, Inc., a corporation organized and existing under the laws of Pennsylvania; Covanta Lee, Inc., a corporation organized and existing under the laws of Florida; Covanta Long Island, Inc., a corporation organized and existing under the laws of Delaware; Covanta Marion Land Corp., a corporation organized and existing under the laws of Oregon; Covanta Mid-Conn., Inc., a corporation organized and existing under the laws of Connecticut; Covanta Montgomery, Inc., a corporation organized and existing under the laws of Maryland; Covanta New Martinsville Hydroelectric Corporation, a corporation organized and existing under the laws of Delaware; Covanta New Martinsville Hydro-Operations Corporation, a corporation organized and existing under the laws of West Virginia; Covanta Oahu Waste Energy Recovery, Inc., a corporation organized and existing under the laws of California; Covanta Onondaga, Inc., a corporation organized and existing under the laws of New York; Covanta Onondaga Five Corporation, a corporation organized and existing under the laws of Delaware; Covanta Onondaga Four Corporation, a corporation organized and existing under the laws of Delaware; Covanta Onondaga Operations, Inc., a corporation organized and existing under the laws of Delaware; Covanta Onondaga Three Corporation, a corporation organized and existing under the laws of Delaware; Covanta Onondaga Two Corporation, a corporation organized and existing under the laws of Delaware; Covanta Operations of Union LLC, a corporation organized and existing under the laws of New Jersey; Covanta OPW Associates, Inc., a corporation organized and existing under the laws of Connecticut; Covanta OPWH, Inc. a corporation organized and existing under the laws of Delaware; Covanta Pasco, Inc., a corporation organized and existing under the laws of Florida; Covanta Plant Services of New Jersey, Inc., a corporation organized and existing under the laws of New Jersey; Covanta Power Equity Corporation, a corporation organized and existing under the laws of Delaware; Covanta Power Pacific, Inc., a corporation organized and existing under the laws of California; Covanta Power Plant Operations, a corporation organized and existing under the laws of California; Covanta Projects, Inc., a corporation organized and existing under the laws of Delaware; Covanta Projects of Hawaii, Inc., a corporation organized and existing under the laws of Hawaii; Covanta RRS Holdings Inc., a corporation organized and existing under the laws of Delaware; Covanta Secure Services, Inc., a corporation organized and existing under the laws of Delaware; Covanta SIGC Energy, Inc., a corporation organized and existing under the laws of Delaware; Covanta SIGC Energy II, Inc., a corporation organized and existing under the laws of California; Covanta SIGC Geothermal Operations, Inc., a corporation organized and existing under the laws of California; Covanta Systems, Inc., a corporation organized and existing under the laws of Delaware; Covanta Wallingford Associates, Inc., a corporation organized and existing under the laws of Connecticut; Covanta Waste to Energy, Inc., a corporation organized and existing under the laws of Delaware; Covanta Water Holdings, Inc., a corporation organized and existing under the laws of Delaware; Covanta Water Systems Inc., a corporation organized and existing under the laws of Delaware; Covanta Water Treatment Services Inc., a corporation organized and existing under the laws of Delaware; DSS Environmental, Inc., a corporation organized and existing under the laws of New York; ERC Energy II, Inc., a corporation organized and existing under the laws of Delaware; ERC Energy, Inc., a corporation organized and existing under the laws of Delaware; Heber Field Energy II, Inc., a corporation organized and existing under the laws of Delaware; Heber Loan Partners, a partnership organized and existing under the laws of California; LMI, Inc., a corporation organized and existing under the laws of Massachusetts; Mammoth Geothermal Company, a corporation organized and existing under the laws of California; Mammoth Power Company, a corporation organized and existing under the laws of California; Mt. Lassen Power, a corporation organized and existing under the laws of California; Pacific Geothermal Company, a corporation organized and existing under the laws of California; Pacific Oroville Power, Inc., a corporation organized and existing under the laws of California; Pacific Wood Fuels Company, a corporation organized and existing under the laws of California; Pacific Wood Services Company, a corporation organized and existing under the laws of California; Three Mountain Operations, Inc., a corporation organized and existing under the laws of Delaware; Three Mountain Power, LLC, a LLC organized and existing under the laws of Delaware; Burney Mountain Power, a corporation organized and existing under the laws of California; Covanta Alexandria/Arlington, Inc., a corporation organized and existing under the laws of Virginia; Covanta Bristol, Inc., a corporation organized and existing under the laws of Connecticut; Covanta Fairfax, Inc., a corporation organized and existing under the laws of Virginia; Covanta Haverhill, Inc. a corporation organized and existing under the laws of Massachusetts; Covanta Honolulu Resource Recovery Venture, a partnership organized and existing under the laws of Hawaii; Covanta Indianapolis, Inc., a corporation organized and existing under the laws of Indiana; Covanta Marion, Inc., a corporation organized and existing under the laws of Oregon; Covanta Omega Lease, Inc., a corporation organized and existing under the laws of Delaware; Covanta Stanislaus, Inc., a corporation organized and existing under the laws of California; Haverhill Power, Inc., a corporation organized and existing under the laws of Massachusetts; and Michigan Waste Energy, Inc., a corporation organized and existing under the laws of Delaware have duly caused this Amendment No. 4 to the Application on Form T-3 to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, all in the city of Fairfield, and State of New Jersey, on the [?] day of March 2004. COVANTA ENERGY CORPORATION (SEAL) By: /s/ Jeffrey R. Horowitz --------------------------- Name: Jeffrey R. Horowitz Title: Senior Vice President and General Counsel Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant AMOR 14 CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ACQUISITION, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA BESSEMER, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA CUNNINGHAM ENVIRONMENTAL SUPPORT, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENERGY AMERICAS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENERGY CONSTRUCTION, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENERGY GROUP, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENERGY INTERNATIONAL, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENERGY RESOURCE CORP. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENERGY SERVICES, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENERGY WEST, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ENGINEERING SERVICES, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA GEOTHERMAL OPERATIONS HOLDINGS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA GEOTHERMAL OPERATIONS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HAVERHILL PROPERTIES, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HEBER FIELD ENERGY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HENNEPIN ENERGY RESOURCE CO., LIMITED PARTNERSHIP (SEAL) By: COVANTA ENERGY RESOURCE CORP., General Partner By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President of Covanta Energy Resource Corp. Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HILLSBOROUGH, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HUNTINGTON RESOURCE RECOVERY ONE CORP. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HUNTINGTON RESOURCE RECOVERY SEVEN CORP. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HUNTSVILLE, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HYDRO ENERGY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HYDRO OPERATIONS WEST, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HYDRO OPERATIONS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA IMPERIAL POWER SERVICES, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA KENT, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA LANCASTER, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA LEE, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA LONG ISLAND, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA MARION LAND CORP. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA MID-CONN., INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA MONTGOMERY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA NEW MARTINSVILLE HYDROELECTRIC CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA NEW MARTINSVILLE HYDRO-OPERATIONS CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA OAHU WASTE ENERGY RECOVERY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ONONDAGA FIVE CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ONONDAGA FOUR CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ONONDAGA OPERATIONS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ONONDAGA THREE CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ONONDAGA TWO CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ONONDAGA, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA OPERATIONS OF UNION LLC (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA OPW ASSOCIATES, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA OPWH, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA PASCO, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA PLANT SERVICES OF NEW JERSEY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA POWER EQUITY CORPORATION (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA POWER PACIFIC, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA POWER PLANT OPERATIONS (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA PROJECTS OF HAWAII, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA PROJECTS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA RRS HOLDINGS INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA SECURE SERVICES, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA SIGC ENERGY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA SIGC ENERGY II, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA SIGC GEOTHERMAL OPERATIONS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA SYSTEMS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA WALLINGFORD ASSOCIATES, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA WASTE TO ENERGY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA WATER HOLDINGS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA WATER SYSTEMS INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA WATER TREATMENT SERVICES INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant DSS ENVIRONMENTAL, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant ERC ENERGY II, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant ERC ENERGY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant HEBER FIELD ENERGY II, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant HEBER LOAN PARTNERS (SEAL) By: ERC Energy Inc. and ERC Energy I I, Inc., General Partners By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President of ERC Energy Inc. and ERC Energy II, Inc. Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant LMI, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant MAMMOTH GEOTHERMAL COMPANY (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant MAMMOTH POWER COMPANY (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant MT. LASSEN POWER (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant PACIFIC GEOTHERMAL COMPANY (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant PACIFIC OROVILLE POWER, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant PACIFIC WOOD FUELS COMPANY (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant PACIFIC WOOD SERVICES COMPANY (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant THREE MOUNTAIN OPERATIONS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant THREE MOUNTAIN POWER, LLC (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant BURNEY MOUNTAIN POWER (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA ALEXANDRIA/ARLINGTON, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA BRISTOL, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA FAIRFAX, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HAVERHILL, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA HONOLULU RESOURCE RECOVERY VENTURE (SEAL) By: Covanta Projects of Hawaii, Inc. and Covanta Oahu Waste Energy Recovery, Inc., General Partners By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President of Covanta Projects of Hawaii, Inc. and Covanta Oahu Waste Energy Recovery, Inc. Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA INDIANAPOLIS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA MARION, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA OMEGA LEASE, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant COVANTA STANISLAUS, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant HAVERHILL POWER, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant MICHIGAN WASTE ENERGY, INC. (SEAL) By: /s/ Anthony J. Orlando --------------------------- Name: Anthony J. Orlando Title: President Attest: /s/ Maria Stephenson --------------------- Maria Stephenson Executive Assistant