Page ContentIn July 2012, the EFW Facility was featured in KPMG’s “Infrastructure 100: World Cities Edition”, which showcases innovative infrastructure projects from around the world. The EFW Facility was named as one of ten top recycling and waste management projects. In December 2008, the Regional Municipalities of Durham and York (the “Regions”) requested from the Ministry of Energy standard pricing for electrical generation for a proposed ‘Energy From Waste’ facility (the “EFW Facility”). The directive from the Minister of Energy and Infrastructure, issued on December 19, 2008, directed the Ontario Power Authority (the “OPA”) to enter into negotiations with the Regions for the procurement of electricity from the EFW Facility at the rate of 8 cents per kilowatt-hour and upon additional terms and conditions determined by the OPA. The EFW Contract, which was entered into on September 6, 2011, and released from escrow on February 8, 2012, contemplates a 20-year term. When operating at a design capacity of 140,000 tonnes per year, the electricity produced by the EFW Facility is sufficient to power approximately 10,000 homes. The capital cost of the project is estimated by the Regions to be $276.5 million. Gross annual operating costs for the EFW Facility are estimated to be approximately $14.7 million, which will be offset in part by revenue generation from the sale of electricity, pursuant to the EFW Contract, which is anticipated by the Regions to be approximately $8.5 million annually. The Regions were represented by Shane Freitag, Linda Bertoldi and Bernadette Corpuz of Borden Ladner Gervais LLP (BLG), and Matthew Gaskell, of the Regional Municipality of Durham, who represented the Regions throughout the negotiations. In a related contract for the EFW Facility, Ian Houston of BLG, and Matt Gaskell of the Regional Municipality of Durham, negotiated with Covanta Energy Corporation (“Covanta”) as the preferred vendor for design, build and operation of the EFW Facility, with a bid cost of $235.7 million. Adam Chamberlain of BLG provided the Regions with advice related to the environmental assessment and related approvals for the EFW Facility.