Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Ben Kallo - Stanford Group.
Ben Kallo - Stanford Group
Could you guys walk us through the different options you have for refinancing the debt and then also de-leveraging how you’re looking at that and then maybe, how you rank those options and timing or any time that you could give us on that?
John Casella
Yes sure, I’ll be happy too. I think first of all, there is a couple of different factors that come into play. We’ve previously discussed our effort in terms of delivering with the sale of main energy. Second, we currently have a $140 million of availability in terms of refinancing and I think it’s fair to say that we can reduce that pretty easily. So, there is two factors need to be incorporated into the being part of the discussions.
The discussion that we’ve had is, fundamentally over the next six months we’ll be in the marketplace looking to refinance. The discussions that we’ve had currently, obviously the current market has been fundamentally closed and so I think the real challenge is going to be whether or not financial markets begin to fall and we begin to see a fundamental change, but the two things that we’re working are two factors; one obviously, the delivering with the potential sale of main energy; second, potential reduction in the facility.
I think there are a number of different things that we can look at from a capital structure standpoint to the extent that the markets do not get better in terms of, how we might approach that. We’re working closely with Bank of America, we’ve put together our package; we’re getting prepared so that we’re able to access the markets in terms of having the work down. I think that’s predominately, how we are looking at this point in time.
Obviously it makes no sense to try to access the market or to have tried to access the market over the last month or two, because effectively the market is effectively closed. I think that the sense would be that I think obviously you’ve certainly seen some deals that have gotten done, but the price paid is very, very significant in terms of the actual cost.
Operator
Your next question comes from Corey Greendale - First Analysis.
Corey Greendale - First Analysis
A question about the waste energy projects; there are two questions about it actually. First of all, do you have some sort of a back of the envelope number for the EBITDA contribution in the quarter from the new plant starting up this year; and secondly, given energy prices coming down, does that change your appetite for doing these plants or how does it affect the economics of the plants that you are building?
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