Synagro Gets Go Ahead for Carlyle Group Merger

Synagro Technologies, Inc. (NasdaqGM:SYGR) stockholders approved the Agreement and Plan of Merger among Synagro, Synatech Holdings, Inc. and Synatech, Inc., whereby Synagro will become a wholly owned subsidiary of Parent, an affiliate of The Carlyle Group. The parties expect to consummate the merger on April 2, 2007. Additionally, as contemplated by the Merger Agreement, Synagro announced that its Board of Directors has declared a cash dividend to all of its stockholders of record as of the close of business today, March 29, 2007. About Synagro Synagro believes that it is the largest recycler of biosolids and other organic residuals in the United States and is the only national company focused exclusively on the estimated $8 billion organic residuals industry, which includes water and wastewater residuals. The Company serves more than 600 municipal and industrial water and wastewater treatment accounts with operations in 33 states and the District of Columbia. The Company offers a broad range of water and wastewater residuals management services focusing on the beneficial reuse of organic, non-hazardous residuals resulting from the wastewater treatment process, including drying and pelletization, composting, product marketing, incineration, alkaline stabilization, land application, collection and transportation, regulatory compliance, dewatering, and facility cleanout services. About […]

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Solar Act Introduced in Congress

US Senator Robert Menendez (D-NJ) and Reps. Dennis Cardoza (D-CA) and Michael Ferguson (R-NJ) have introduced The “Solar Opportunity and Local Access Rights Act” (SOLAR) – which would establish national standards for the interconnection and net metering of solar energy systems, based on the most progressive state standards to date. The legislation would require utilities to credit their customers at retail electric rates for supplying excess solar power to the grid. The bill would also establish that ownership of renewable energy credits (RECs) resides with the solar system owner for purposes of selling or trading to meet a state or federal renewable portfolio standard. The SOLAR Act would protect solar consumers from restrictive covenants that block the siting of solar systems on a roof – similar to the current legislative treatment of satellite dishes. The bill would also help shield prospective system buyers from exorbitant permitting and licensing fees. “Tackling our nation’s energy challenges in a clean and efficient way should be our top priority,” said Senator Menendez. “Rather than putting up roadblocks to those who want to use alternative energy sources, we should be incentivizing such consumer initiative. This Act would ease restrictions on those who want to harvest […]

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US Senator Robert Menendez (D-NJ) and Reps. Dennis Cardoza (D-CA) and Michael Ferguson (R-NJ) introduced The “Solar Opportunity and Local Access Rights Act” (SOLAR) – which would establish national standards for the interconnection and net metering of solar energy systems, based on the most progressive state standards to date. The legislation would require utilities to credit customers at retail electric rates for supplying excess solar power to the grid. The bill would also establish that ownership of renewable energy credits (RECs) resides with the solar system owner for purposes of selling or trading to meet a state or federal renewable portfolio standard. The SOLAR Act would protect solar consumers from restrictive covenants that block the siting of solar systems on a roof – similar to the current legislative treatment of satellite dishes. The bill would also help shield prospective system buyers from exorbitant permitting and licensing fees. “Tackling our nation’s energy challenges in a clean and efficient way should be our top priority,” said Senator Menendez. “Rather than putting up roadblocks to those who want to use alternative energy sources, we should be incentivizing such consumer initiative. This Act would ease restrictions on those who want to harvest alternative energy, […]

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Colorado Governor Signs Two Bills to Spur New Energy Economy

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