1	Solid Waste 102 November 21, 2003
2	History of the Solid Waste system
3	District / County’s Solid Waste system Integrated Solid Waste Management Environmentally sound system WTE contract requirement of 1.095M tons per year (tpy) of processable waste annually (total capacity is ~1.4M tpy)
4	Who Are the parties to the Agreements? Broward County Wheelabrator North Broward Inc. Wheelabrator South Broward Inc.
5	What Is The Purpose? Design Construct Finance Operate Maintain Own
6	South Plant Additional Purposes Construct Operate Maintain
7	How Long? Initial term 20 years
8	Waste-to-Energy Facilities Summary
9	Spot Market Waste Disposal capacity greater than put-or-pay requirement Wheelabrator may contract with 3^rd parties to use excess capacity Contracts may not exceed 5 years Broward Non-ILA cities cannot receive better contract terms than ILA cities
10	Wheelabrator Operations Receive and process waste by combustion Generate energy Recover metals
11	Company Responsibilities Operate, maintain and repair Labor, materials and equipment Obtain and maintain permits and licenses Comply with laws, regulations, permits and licenses Keeping accurate records
12	Types of Waste Capable of being burned at a mass burn W-T-E plant Examples: garbage, trash, commercial, light industrial
13	Unprocessable Predominantly not combustible Examples: metal furniture, appliances, concrete rubble
14	Unacceptable Only permitted in landfills Examples: hazardous waste, sludges, sewage, manure, explosives
15	How do we pay Wheelabrator?
16	Service Fees Net fee (estimated annually) Base fee (1989) adjusted for: Debt service Capital cost Operation & Maintenance Revenue Initial energy (North only) Annual energy Reimbursable items (under Force Majeure only)
17	Monthly Pass-through Costs Examples Tax payments Fuel costs for start up/shut down (North)
18	Service Fees Paid Monthly 1/12 of put-or-pay requirement or for actual deliveries
19	Annual Settlement Determine actual service fee based on actual expenses Reconcile estimated fee to actual fee Apply aggregated put-or-pay tonnage (excess tonnage at one plant applied to shortfall at the other) Apply 3rd party credit
20	3^rd Party Credit If POP tonnage is not reached, aggregate POP tonnage applied 1st, then credit for 3rd party tonnage applied to shortfall not to exceed the shortfall amount
21	Aggregate Put-Or-Pay If one plant is short tonnage, and the other is over, then the excess tonnage is applied to the one with the shortfall
22	Aggregate Put-Or-Pay
23	What Happens at the End? County has unilateral right and option to extend agreements for five years All terms and conditions stay in effect Includes pricing and most favored nation clause County notice of intent to extend 6 – 24 months in advance
24	North and South Plants Process the county’s waste under a “most favored nations” type provision Provide county 10% discount below lowest price then being charged to 3^rd parties
25	North Plant 12 year additional term or 7 years if 5-year option is chosen
26	South Plant Wheelabrator has unilateral right to extend lease agreement for up to 30 years, in successive 5-year periods after initial term
27	Tipping Fee Usage
28	Use of Funds
29	Questions & Answers