Plant and Equipment, Net

3 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

8. PLANT AND EQUIPMENT, NET

Energy-from-Waste Projects

Our Energy-from-Waste segment consists of two projects under construction in Tees Valley, United Kingdom, designed to process municipal solid waste to generate renewable power.

Due to technical challenges, on-stream delays, and capital commitments for these projects, we continue to evaluate whether impairment for this asset group exists. Factors specific to the impairment assessment for this asset group include estimating long-term efficiency, output, and on-stream reliability of the projects. Our evaluation as of 31 December 2015 indicated that the probability weighted undiscounted cash flows of the asset group exceed the carrying value; therefore, no impairment was indicated. The carrying value of this asset group as of 31 December 2015 was $938.9. It is reasonably possible that key assumptions or actual conditions may change and result in a future impairment charge.

In November 2015, the Company suspended construction of the second project until certain design issues of the first project are understood, remediated, and can be efficiently integrated into the design of the second project. During the three months ended 31 December 2015, we incurred incremental costs of $14.3 ($11.4 after-tax, or $.05 per share) to safely suspend construction activities of the second project. These costs are reflected on the consolidated income statements as “Project suspension costs.”