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Kodak, Recycled Energy Development finalize utilities transition deal

Eastman Kodak and Recycled Energy Development announced the closing of their deal to transition Kodak’s utility infrastructure at Eastman Business Park to RED. EBP utilities include electricity, steam, water, refrigeration, compressed air, and nitrogen, as well as wastewater treatment. An acquisition agreement between RED-Rochester and Kodak was signed on December 21, 2012, and the parties have been working through 2013 to finalize customer contracts, secure various operating permits and coordinate with Kodak’s Chapter 11 restructuring process.