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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


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<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></DIV>



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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COVANTA HOLDING CORPORATION</B><BR>
(Exact name of registrant as specified in its charter)
</DIV>

<DIV align="center">
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    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>95-6021257</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
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</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>40 Lane Road<BR>
Fairfield, New Jersey 07004<BR>
(973)&nbsp;882-9000</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(Address, including zip code, and telephone number,<BR>
including area code, of registrant&#146;s principal executive offices)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Covanta Holding Corporation Equity Award Plan for Employees and Officers</B><BR>
(Full title of plan)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Anthony J. Orlando<BR>
President and Chief Executive Officer<BR>
Covanta Holding Corporation<BR>
40 Lane Road<BR>
Fairfield, New Jersey 07004</B><BR>
(Name and address of agent for service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(973)&nbsp;882-9000</B><BR>
(Telephone number, including area code, of agent for service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>with copies to:</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Timothy J. Simpson, Esq.<BR>
Senior Vice President,<BR>
General Counsel and Secretary<BR>
Covanta Holding Corporation<BR>
40 Lane Road<BR>
Fairfield, New Jersey 07004<BR>
(973)&nbsp;882-9000
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">David S. Stone, Esq.<BR>
Neal, Gerber &#038; Eisenberg LLP<BR>
Two North LaSalle Street<BR>
Chicago, Illinois 60602<BR>
(312)&nbsp;269-8000
</DIV>


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</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CALCULATION OF REGISTRATION FEE
</DIV>

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    <TD width="5%">&nbsp;</TD>
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    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount to be</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>maximum offering</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>aggregate</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registered (1)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>price per share (2)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>offering price (2)</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registration fee</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock (par value $.10 per share)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">2,000,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">12.89</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">25,780,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">2,758.46</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px solid #000000">&nbsp;</TD>
</TR>

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</DIV>



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<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
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<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 of the Securities Act of 1933, also covers such additional number of
shares as may be required in the event of a stock dividend, stock split, recapitalization or
other similar event.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee in accordance with Rules
457(c) and (h)&nbsp;of the Securities Act of 1933 and based on the average of the high and low
prices of a share of Common Stock as reported on the New York Stock Exchange on November&nbsp;22,
2005.</TD>
</TR>

</TABLE>



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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form S-8 is filed to register an additional 2,000,000 shares of
common stock, par value $.01 per share (the &#147;Common Stock&#148;), of Covanta Holding Corporation,
formerly known as Danielson Holding Corporation (the &#147;Company&#148;), as a result of an increase in the
number of shares of Common Stock issuable under the Company&#146;s Equity Award Plan for Employees and
Officers, as amended (the &#147;Plan&#148;). The Company previously filed a Registration Statement on Form
S-8 relating to the Plan with the Securities and Exchange Commission (the &#147;Commission&#148;) on October
7, 2004 (File No.&nbsp;333-119609). Pursuant to General Instruction E of Form S-8, this Registration
Statement has been prepared in accordance therewith and the previously filed Registration Statement
is hereby incorporated by reference herein.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. &nbsp;Exhibits.</B>
</DIV>

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    <TD width="7%">&nbsp;</TD>
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    <TD width="88%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">4.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Covanta Holding Corporation Equity Award Plan for Employees and Officers (incorporated by
reference to Appendix&nbsp;B of the Company&#146;s Definitive Proxy Statement, filed on August&nbsp;23,
2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">4.</DIV></TD>
<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">2</DIV></TD>
    <TD align="left" valign="top">Form of Covanta Holding Corporation Stock Option Agreement (incorporated by reference to
the Company&#146;s Current Report on Form&nbsp;8-K, filed on October&nbsp;6, 2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">4.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">3</DIV></TD>
    <TD align="left" valign="top">Form of Covanta Holding Corporation Restricted Stock Award Agreement (incorporated by
reference to the Company&#146;s Current Report on Form&nbsp;8-K, filed on October&nbsp;6, 2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">5.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Opinion of Neal, Gerber &#038; Eisenberg LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Holding Corporation
and Subsidiaries, dated November&nbsp;29, 2005, by Ernst &#038; Young LLP.</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">2</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November&nbsp;29, 2005, by Deloitte &#038; Touche LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">3</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Quezon Power, Inc. and
Subsidiary, dated November&nbsp;30, 2005, Sycip Gorres Velayo &#038; Co., A Member Practice of Ernst
&#038; Young Global.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">4</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November&nbsp;29, 2005 by PricewaterhouseCoopers LLP for their report dated
March&nbsp;15, 2005.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">5</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered
Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November&nbsp;29, 2005, by PricewaterhouseCoopers LLP for their report
dated June&nbsp;30, 2004.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">6</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November&nbsp;29, 2005, by KPMG LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">7</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November&nbsp;29, 2005, by PricewaterhouseCoopers LLP for their report
dated March&nbsp;15, 2005.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">8</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November&nbsp;29, 2005, by PricewaterhouseCoopers LLP for their report
dated March&nbsp;29, 2004.</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">9</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November&nbsp;29, 2005, by Ernst &#038; Young LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.</DIV></TD>

<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">10</DIV></TD>
    <TD align="left" valign="top">Consent of Neal, Gerber &#038; Eisenberg LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">24.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Powers of Attorney (included as part of the signature page of this Registration Statement).</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Fairfield, State of New Jersey, on November&nbsp;30, 2005.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">COVANTA HOLDING CORPORATION<BR>
(Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
ANTHONY J. ORLANDO
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Anthony J. Orlando&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints ANTHONY J. ORLANDO and CRAIG D. ABOLT, and each of them, his/her true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute
and file with the Securities and Exchange Commission (or any other governmental or regulatory
authority), for us and in our names in the capacities indicated below, this registration statement
on Form S-8 (including all amendments thereto) with all exhibits and any and all documents required
to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them,
full power and authority to do and to perform each and every act and thing necessary and/or
desirable to be done in and about the premises in order to effectuate the same as fully to all
intents and purposes as he himself/she herself might or could do if personally present, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully
do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement on Form S-8 has been signed on November&nbsp;30, 2005, by the following persons in the
capacities indicated:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><u>Signature</u></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><u>Title</u></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Samuel Zell</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>Samuel Zell</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">

<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Anthony J. Orlando</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>Anthony J. Orlando</TD>
    <TD>&nbsp;</TD>
    <TD align="left">Director, President and Chief Executive Officer (Principal Executive Officer)</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">

<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Craig D. Abolt</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Craig D. Abolt</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">

<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Thomas Bucks</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Thomas Bucks</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Vice President and Chief Accounting Officer
(Principal Accounting Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
David M. Barse</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
David M. Barse</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Ronald J. Broglio</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Ronald J. Broglio</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Peter C.B. Bynoe</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Peter C.B. Bynoe</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Richard L. Huber</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Richard L. Huber</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
William C. Pate</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
William C. Pate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Robert Silberman</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Robert Silberman</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Jean Smith</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Jean Smith</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Joseph P. Sullivan</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
<TD align="center" nowrap valign="top"><FONT style="font-variant: SMALL-CAPS">/s/
Clayton Yeutter</font>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Clayton Yeutter</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><b>EXHIBIT
INDEX</b>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">4.</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Covanta Holding Corporation Equity Award Plan for Employees and Officers (incorporated by
reference to Appendix&nbsp;B of the Company&#146;s Definitive Proxy Statement, filed on August&nbsp;23,
2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">2</DIV></TD>
    <TD align="left" valign="top">Form of Covanta Holding Corporation Stock Option Agreement (incorporated by reference to
the Company&#146;s Current Report on Form&nbsp;8-K, filed on October&nbsp;6, 2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>

<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">3</DIV></TD>
    <TD align="left" valign="top">Form of Covanta Holding Corporation Restricted Stock Award Agreement (incorporated by
reference to the Company&#146;s Current Report on Form&nbsp;8-K, filed on October&nbsp;6, 2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">5.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Opinion of Neal, Gerber &#038; Eisenberg LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Holding Corporation
and Subsidiaries, dated November&nbsp;29, 2005, by Ernst &#038; Young LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">2</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November&nbsp;29, 2005, by Deloitte &#038; Touche LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>

<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">3</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Quezon Power, Inc. and
Subsidiary, dated November&nbsp;30, 2005, Sycip Gorres Velayo &#038; Co., A Member Practice of Ernst
&#038; Young Global.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>

<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">4</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November&nbsp;29, 2005 by PricewaterhouseCoopers LLP for their report dated
March&nbsp;15, 2005.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>

<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">5</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm Covanta ARC Holdings Corp. and
Subsidiaries, dated November&nbsp;29, 2005, by PricewaterhouseCoopers LLP for their report
dated June&nbsp;30, 2004.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>

<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">6</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November&nbsp;29, 2005, by KPMG LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">7</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November&nbsp;29, 2005, by PricewaterhouseCoopers LLP for their report
dated March&nbsp;15, 2005.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">8</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November&nbsp;29, 2005, by PricewaterhouseCoopers LLP for their report
dated March&nbsp;29, 2004.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">9</DIV></TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November&nbsp;29, 2005, by Ernst &#038; Young LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>

<TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">10</DIV></TD>
    <TD align="left" valign="top">Consent of Neal, Gerber &#038; Eisenberg LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">24.
</DIV></TD>
    <TD valign="top" align="left"><DIV style="margin-left:0px; text-indent:-0px">1</DIV></TD>
    <TD align="left" valign="top">Powers of Attorney (included as part of the signature page of this Registration Statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


</BODY>
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sv8
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
COVANTA HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
95-6021257
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
40 Lane Road
Fairfield, New Jersey 07004
(973) 882-9000
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
Covanta Holding Corporation Equity Award Plan for Employees and Officers
(Full title of plan)
Anthony J. Orlando
President and Chief Executive Officer
Covanta Holding Corporation
40 Lane Road
Fairfield, New Jersey 07004
(Name and address of agent for service)
(973) 882-9000
(Telephone number, including area code, of agent for service)
with copies to:
Timothy J. Simpson, Esq.
Senior Vice President,
General Counsel and Secretary
Covanta Holding Corporation
40 Lane Road
Fairfield, New Jersey 07004
(973) 882-9000
David S. Stone, Esq.
Neal, Gerber & Eisenberg LLP
Two North LaSalle Street
Chicago, Illinois 60602
(312) 269-8000
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
maximum
Title of securities
Amount to be
maximum offering
aggregate
Amount of
to be registered
registered (1)
price per share (2)
offering price (2)
registration fee
Common Stock (par value $.10 per share)
2,000,000
$
12.89
$
25,780,000
$
2,758.46
(1)
Pursuant to Rule 416 of the Securities Act of 1933, also covers such additional number of
shares as may be required in the event of a stock dividend, stock split, recapitalization or
other similar event.
(2)
Estimated solely for the purpose of calculating the registration fee in accordance with Rules
457(c) and (h) of the Securities Act of 1933 and based on the average of the high and low
prices of a share of Common Stock as reported on the New York Stock Exchange on November 22,
2005.
EXPLANATORY STATEMENT
This Registration Statement on Form S-8 is filed to register an additional 2,000,000 shares of
common stock, par value $.01 per share (the "Common Stock"), of Covanta Holding Corporation,
formerly known as Danielson Holding Corporation (the "Company"), as a result of an increase in the
number of shares of Common Stock issuable under the Company's Equity Award Plan for Employees and
Officers, as amended (the "Plan"). The Company previously filed a Registration Statement on Form
S-8 relating to the Plan with the Securities and Exchange Commission (the "Commission") on October
7, 2004 (File No. 333-119609). Pursuant to General Instruction E of Form S-8, this Registration
Statement has been prepared in accordance therewith and the previously filed Registration Statement
is hereby incorporated by reference herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8.  Exhibits.
4.
1
Covanta Holding Corporation Equity Award Plan for Employees and Officers (incorporated by
reference to Appendix B of the Company's Definitive Proxy Statement, filed on August 23,
2005).
4.
2
Form of Covanta Holding Corporation Stock Option Agreement (incorporated by reference to
the Company's Current Report on Form 8-K, filed on October 6, 2004).
4.
3
Form of Covanta Holding Corporation Restricted Stock Award Agreement (incorporated by
reference to the Company's Current Report on Form 8-K, filed on October 6, 2004).
5.
1
Opinion of Neal, Gerber & Eisenberg LLP.
23.
1
Consent of Independent Registered Public Accounting Firm of Covanta Holding Corporation
and Subsidiaries, dated November 29, 2005, by Ernst & Young LLP.
23.
2
Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November 29, 2005, by Deloitte & Touche LLP.
23.
3
Consent of Independent Registered Public Accounting Firm of Quezon Power, Inc. and
Subsidiary, dated November 30, 2005, Sycip Gorres Velayo & Co., A Member Practice of Ernst
& Young Global.
23.
4
Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November 29, 2005 by PricewaterhouseCoopers LLP for their report dated
March 15, 2005.
23.
5
Consent of Independent Registered
Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November 29, 2005, by PricewaterhouseCoopers LLP for their report
dated June 30, 2004.
23.
6
Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November 29, 2005, by KPMG LLP.
23.
7
Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November 29, 2005, by PricewaterhouseCoopers LLP for their report
dated March 15, 2005.
23.
8
Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November 29, 2005, by PricewaterhouseCoopers LLP for their report
dated March 29, 2004.
23.
9
Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November 29, 2005, by Ernst & Young LLP.
23.
10
Consent of Neal, Gerber & Eisenberg LLP (included in Exhibit 5.1).
24.
1
Powers of Attorney (included as part of the signature page of this Registration Statement).
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Fairfield, State of New Jersey, on November 30, 2005.
COVANTA HOLDING CORPORATION
(Registrant)
By:
/s/
ANTHONY J. ORLANDO
Anthony J. Orlando
President and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints ANTHONY J. ORLANDO and CRAIG D. ABOLT, and each of them, his/her true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute
and file with the Securities and Exchange Commission (or any other governmental or regulatory
authority), for us and in our names in the capacities indicated below, this registration statement
on Form S-8 (including all amendments thereto) with all exhibits and any and all documents required
to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them,
full power and authority to do and to perform each and every act and thing necessary and/or
desirable to be done in and about the premises in order to effectuate the same as fully to all
intents and purposes as he himself/she herself might or could do if personally present, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully
do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement on Form S-8 has been signed on November 30, 2005, by the following persons in the
capacities indicated:
Signature
Title
/s/
Samuel Zell
Samuel Zell
Chairman of the Board
/s/
Anthony J. Orlando
Anthony J. Orlando
Director, President and Chief Executive Officer (Principal Executive Officer)
/s/
Craig D. Abolt
Craig D. Abolt
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)
/s/
Thomas Bucks
Thomas Bucks
Vice President and Chief Accounting Officer
(Principal Accounting Officer)
/s/
David M. Barse
David M. Barse
Director
/s/
Ronald J. Broglio
Ronald J. Broglio
Director
/s/
Peter C.B. Bynoe
Peter C.B. Bynoe
Director
/s/
Richard L. Huber
Richard L. Huber
Director
/s/
William C. Pate
William C. Pate
Director
/s/
Robert Silberman
Robert Silberman
Director
/s/
Jean Smith
Jean Smith
Director
Joseph P. Sullivan
Director
/s/
Clayton Yeutter
Clayton Yeutter
Director
EXHIBIT
INDEX
4.
1
Covanta Holding Corporation Equity Award Plan for Employees and Officers (incorporated by
reference to Appendix B of the Company's Definitive Proxy Statement, filed on August 23,
2005).
4.
2
Form of Covanta Holding Corporation Stock Option Agreement (incorporated by reference to
the Company's Current Report on Form 8-K, filed on October 6, 2004).
4.
3
Form of Covanta Holding Corporation Restricted Stock Award Agreement (incorporated by
reference to the Company's Current Report on Form 8-K, filed on October 6, 2004).
5.
1
Opinion of Neal, Gerber & Eisenberg LLP.
23.
1
Consent of Independent Registered Public Accounting Firm of Covanta Holding Corporation
and Subsidiaries, dated November 29, 2005, by Ernst & Young LLP.
23.
2
Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November 29, 2005, by Deloitte & Touche LLP.
23.
3
Consent of Independent Registered Public Accounting Firm of Quezon Power, Inc. and
Subsidiary, dated November 30, 2005, Sycip Gorres Velayo & Co., A Member Practice of Ernst
& Young Global.
23.
4
Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November 29, 2005 by PricewaterhouseCoopers LLP for their report dated
March 15, 2005.
23.
5
Consent of Independent Registered Public Accounting Firm Covanta ARC Holdings Corp. and
Subsidiaries, dated November 29, 2005, by PricewaterhouseCoopers LLP for their report
dated June 30, 2004.
23.
6
Consent of Independent Registered Public Accounting Firm of Covanta ARC Holdings Corp. and
Subsidiaries, dated November 29, 2005, by KPMG LLP.
23.
7
Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November 29, 2005, by PricewaterhouseCoopers LLP for their report
dated March 15, 2005.
23.
8
Consent of Independent Registered Public Accounting Firm of Covanta Ref-Fuel Holdings LLC
and Subsidiaries, dated November 29, 2005, by PricewaterhouseCoopers LLP for their report
dated March 29, 2004.
23.
9
Consent of Independent Registered Public Accounting Firm of Covanta Energy Corporation and
Subsidiaries, dated November 29, 2005, by Ernst & Young LLP.
23.
10
Consent of Neal, Gerber & Eisenberg LLP (included in Exhibit 5.1).
24.
1
Powers of Attorney (included as part of the signature page of this Registration Statement).