Five-Year Extension of Services Provided to
Miami Fort and Zimmer Power Plants in Ohio
Charah® Solutions, Inc. (NYSE: CHRA) (the “Company”), a leading
provider of environmental and maintenance services to the power
generation industry, today announced that it recently was awarded a
contract extension to provide byproduct sales and material handling
operations for Luminant’s Miami Fort Power Plant and Zimmer Power
Plant in southern Ohio.
As part of this agreement, Charah Solutions will continue to
manage and market coal combustion products (CCPs) produced by these
two Ohio facilities. Charah Solutions currently has the right to
sell and market 100% of the high quality, specification grade Class
F fly ash from the two power plants for beneficial use via the
Company’s MultiSource® materials network. By shipping via truck,
rail and barge, the Company is able to market the fly ash from both
facilities to concrete product manufacturers and ready mix concrete
producers throughout Ohio, Kentucky, Indiana, Pennsylvania, New
Jersey, New York, Connecticut, North Carolina, Florida,
Mississippi, Louisiana and Oklahoma, providing customers with
multiple supply options of high quality fly ash. The MultiSource
materials network is a unique distribution system of more than 40
locations nationwide, with international sourcing and distribution,
which improves the Company’s ability to provide a continuous and
reliable supply of supplementary cementitious materials for ready
mix concrete producers and other customers throughout the U.S.
In addition, Charah Solutions will continue all other coal
combustion residuals (CCR) material handling and disposal
operations at both locations, including landfill management and
byproduct loadout, as well as the operations and maintenance of the
Plant FGD system at Miami Fort.
According to Scott Sewell, Charah Solutions President and CEO,
“Charah Solutions is nationally recognized in the power generation
industry as a total solutions company, providing unparalleled
service and innovation to meet the evolving and increasingly
complex needs of our utility partners. This is a great example of
our unique ability to bundle our service offerings for utilities,
providing both CCR and CCP solutions at the same time. As a result,
ready mix concrete producers are now able to reliably purchase
quality fly ash through the Charah Solutions MultiSource network in
the Midwest, Northeast and deep South. In addition, we have
dramatically reduced the need to landfill high quality fly ash at
Miami Fort and Zimmer, saving Luminant both expense and valuable
landfill space, while lowering their risk.”
“This extended agreement will help Miami Fort and Zimmer move
towards 100% beneficial re-use of our byproducts,” stated Todd A.
Stinson, manager of byproducts and refined coal at Luminant.
“Charah Solutions’ ongoing presence in the Ohio River region and
broad terminal network will continue to be a major factor in
achieving this goal.”
The use of fly ash in concrete products offers benefits in both
the hardened and plastic state of concrete. In addition to
improving the finish product quality, using fly ash in concrete
products and other applications not only eliminates the need to
dispose of fly ash in landfills, it also significantly reduces the
overall carbon footprint and conserves our natural resources by
replacing materials that would otherwise have to be mined and
processed for these products.
Click here to see a complete map of Charah Solutions’
MultiSource materials network locations.
About Charah Solutions, Inc.
With 30 years of experience, Charah® Solutions, Inc. is a
leading provider of environmental and maintenance services to the
power generation industry, with operations in fossil fuel and
nuclear power generation sites across the country. Based in
Louisville, Kentucky, Charah Solutions assists utilities with all
aspects of managing and recycling ash byproducts generated from the
combustion of coal in the production of electricity as well as
routine power plant maintenance and outage services for the fossil
fuel and nuclear power generation industry. The Company also
designs and implements solutions for ash pond management and
closure, landfill construction, fly ash and slag sales, and
structural fill projects. Charah Solutions is the partner of choice
for solving customers’ most complex environmental challenges, and
as an industry leader in quality, safety, and compliance, the
Company is committed to reducing greenhouse gas emissions for a
cleaner energy future. For more information, please visit
www.charah.com.
MultiSource is a trademark of Charah, LLC. in the United
States.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. These forward-looking
statements are identified by their use of terms and phrases such as
“may,” “expect,” “estimate,” “project,” “plan,” “believe,”
“intend,” “achievable,” “anticipate,” “will,” “continue,”
“potential,” “should,” “could,” and similar terms and phrases.
These statements are based on certain assumptions made by the
Company based on management’s experience and perception of
historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause actual results to differ materially from those
implied or expressed by the forward-looking statements.
Any forward-looking statement speaks only as of the date on
which such statement is made and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190910005219/en/
Investor Contact Tony Semak (502) 245-1353 ir@charah.com
Media Contact Katrina Gallagher (502) 472-6003
media@charah.com
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