Covanta Holding (CVA) 8-K Covanta Holding Corporation Reports 2006 Second Quarter Results

Exhibit 99.2

LTM Pro Forma 6/30/06 Revenue Breakdown Total = $1.244 billion

Energy Revenue LTM 6/30/06 (Pro Forma) International IPP Energy Revenue - $141 million. Domestic IPP Energy Revenue - $25 million. Service Fee facilities Energy Revenue - $53 million. Includes electricity and steam sales. This represents the Company's share of gross energy revenue which approximates 15%. Tip Fee structured facilities Energy Revenue - $207 million. Includes electricity and steam sales. $426 million

Waste & Service Fee Revenue LTM 6/30/06 (Pro Forma) Other Service Fee Revenue - $25 million. This is primarily sales of scrap metal recovered from waste processed. Service Fee Revenue - $446 million earned for processing 9.4 million tons of waste at facilities structured with Service Fee contracts. Includes $103 million earned explicitly to pay project debt service on Company- owned Service Fee facilities. Tip Fee Revenue - $330 million earned for disposing 5.5 million tons of waste under contracts structured as "tip fee" arrangements (5.4 million tons disposed of at WTE facilities, remainder disposed at landfills) $801 million