NOTE 1. ORGANIZATION AND BASIS OF PRESENTATION The terms  we,   our,   ours,   us  and  Company  refer to Covanta Holding Corporation and its subsidiaries; the term  Covanta Energy  refers to our subsidiary Covanta Energy Corporation and its subsidiaries. Organization We are one of the world s largest owners and operators of infrastructure for the conversion of waste to energy (known as  energy-from-waste  or  EfW ), as well as other waste disposal and renewable energy production businesses. Energy-from-waste serves two key markets as both a sustainable waste disposal solution that is environmentally superior to landfilling and as a source of clean energy that reduces overall greenhouse gas emissions and is considered renewable under the laws of many states and under federal law. Our facilities are critical infrastructure assets that allow our customers, which are principally municipal entities, to provide an essential public service. We operate and/or have ownership positions in 44 energy-from-waste facilities, which are primarily located in North America, and 17 additional energy generation facilities, including other renewable energy production facilities in North America (wood biomass, landfill gas and hydroelectric) and an independent power production ( IPP ) facility in Asia. We hold equity interests in energy-from-waste facilities in China and Italy. We also operate waste management infrastructure that is complementary to our core EfW business. We have one reportable segment which is Americas and is comprised of waste and energy services operations primarily in the United States and Canada. For additional information, see Note 5. Financial Information by Business Segments. In 2010, we adopted a plan to sell our interests in our fossil fuel independent power production facilities in the Philippines, India, and Bangladesh. During the first quarter of 2011, we completed the sale of our interests in a 510 megawatt ( MW ) (gross) coal-fired electric power generation facility in the Philippines ( Quezon ) and we