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Clean Harbors held an initial public offering (IPO) of one million shares at $9 a share on the NASDAQ on November 24, 1987. Six months later Clean Harbors' stock had risen from $9 to more than $15. The company made a secondary offering at the higher share price. After the two tranches Alan McKim retained about 60 percent ownership of Clean Harbors.
The Federal Power Act created the Federal Energy Regulatory Commission (FERC) as the licensing authority for hydroelectric power. Over time, FERC's task list grew to include conservation and protection of natural waterways and the wildlife within them. The Federal Power Act was the first major regulatory legislation for hydropower.
Acquisitions have been acting as a key growth catalyst for Clean Harbors (CLH). It looks strong on the back of expansive infrastructure, specialized equipment, capital base and customer relationships.
Margins matter. The more Clean Harbors (NYS: CLH) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
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Through its Safety-Kleen subsidiary, Clean Harbors also is a premier provider of used oil recycling and re-refining, parts washers and environmental services for the small quantity generator market.
Community Choice Aggregation (CCA), also known as Community Choice Energy, municipal aggregation, governmental aggregation, electricity aggregation, and community aggregation, is an alternative to the investor-owned utility energy supply system in which local entities in the United States aggregate the buying power of individual customers within a defined jurisdiction in order to secure ...
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