Despite the turmoil in the energy industry and a declining U. S. economy, American Ref-Fuel's record of reliable operating and financial results continued in 2002. In addition, we were pleased to record an overall improvement in our safety results as well as continued progress on our operational alignment initiatives.

Our operational results reflect the magnitude of our outage schedule in 2002, but continue to demonstrate our historical stability, a significant accomplishment in the face of today's business trends. our engineering and projects groups executed successful overhauls on three of our large turbine generators at Essex, SEMASS, and Delaware Valley, while the balance of our engineering resources maintained their focus on optimization of operational parameters and equipment condition.

The marketing and business team continued to pursue every opportunity to leverage our facilities' capacity to satisfy our customers' diverse waste disposal needs, as wll as explore creative opportunities to better manage their waste streams. Working closely with the operating managers, the business group ensured consistent disposal options were available for our customers during the planned outages.

 

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