Salt Lake Tribune
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Envirocare Q and A
This is an archived article that was published on sltrib.com in 2004, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Q.

Who bought Envirocare of Utah?

A.

Lindsay Goldberg & Bessemer, a New York investment partnership, and Creamer Investments of South Jordan. Other Utah investors haven't been

named also are in on the deal. Envirocare promised more information sometime after the first of the year.

How will the new owners take over Envirocare's

operations?

The state Department of Environmental Quality will review plans for any changes before transferring Envirocare's permits, including its regulatory permit to accept so-called Class B and C waste, which is hotter than waste the company now receives. The new owners will have to tell the state how it would guarantee its requirement to cover costs of maintaining the site once it closes and will have to get state approval for their radiation safety personnel. If the new owners essentially promise to operate the way Envirocare already operates, the transfer process could be fairly simple.

What about that B and C waste permit? What happens

to it?

Lawmakers, Gov. Olene Walker and Gov.-elect Jon Huntsman Jr. say that a state law requiring both the Legislature and the governor to approve accepting the hotter waste means it has been effectively banned, since they say that approval isn't forthcoming. An attempt to get a task force to advance an actual ban on the waste died by one vote in the state's radioactive waste task force, but Sen. Patrice Arent is planning to try again when the Legislature convenes in January.

Q.

What did the buyers pay?

A.

Envirocare did not reveal the price, and probably won't, but industry insiders estimated the company sold for at least $500 million.

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