|Exchange:||New York Stock Exchange|
|Stock:||Waste Management Inc|
|Waste Management, Inc. was incorporated in Oklahoma in 1987 under the name “USA Waste Services, Inc.” and was reincorporated as a Delaware company in 1995. The Company changed its name from USA Waste Services to Waste Management, Inc. in 1998. Waste Management is a provider of waste management services in North America. The Company’s subsidiaries provide collection, transfer, recycling, and disposal services. It is also a developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. Through its core waste management services, the Company owns or operates 271 landfill sites, In order to make disposal more practical for larger urban markets, where the distance to landfills or waste-to-energy facilities is typically farther, the Company manages 287 transfer stations that consolidate, compact and transport waste efficiently and economically. The Company also uses waste to create energy. One method the Company’s use involves recovering the gas produced naturally as waste decomposes in landfills for use in the generation of electricity. It also uses waste to create energy through a highly efficient combustion process. The Company’s waste-to-energy subsidiary, Wheelabrator Technologies Inc., operates 22 plants that produce clean, renewable energy. Through its recycling operations, the Company provides cost-efficient, environmentally sound programs for municipalities, businesses and households across the U.S. and Canada. In addition to traditional waste operations, the Company is also expanding to increase the service offerings it provides for customers. The Company currently manages and evaluates its principal operations through five groups. Its four geographic groups, which are comprised of Eastern, Midwest, Southern and Western groups, provide collection, transfer, disposal (in both solid waste and hazardous waste landfills) and recycling services. Its fifth Group is the Wheelabrator Group, which provides waste-to-energy services and manages waste-to-energy facilities and independent power production plants. Landfills are the main depositories for solid waste in North America. Solid waste landfills are constructed and operated on land with engineering safeguards that limit the possibility of water and air pollution, and are operated under procedures prescribed by regulation. The Company also operates five secure hazardous waste landfills in the United States. The Company has owned or operated 287 transfer stations in North America. It deposit wastes at these stations, as do other waste haulers. The Company has owned or operated 17 waste-to-energy facilities and five independent power production plants, or IPPs, which are located in the Northeast, in the Mid-Atlantic, and in Florida, California and Washington. The Company’s recycling operations provide communities and industries with an alternative to traditional landfill disposal and support it to extract more value from the materials it manages. It provides recycling brokerage services which involves managing the marketing of recyclable materials for third parties. The Company develops, operates and promotes projects for the beneficial use of landfill gas through its Waste Management Renewable Energy Program. The Company’s customers include residential, commercial, industrial and municipal customers throughout North America. The Company encounters intense competition from governmental, quasi-governmental and private sources in all aspects of its operations. The Company's business is subject to federal, state or provincial and local environmental, health, safety and transportation laws and regulations.|
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