<SEC-DOCUMENT>0000911177-20-000030.txt : 20200824
<SEC-HEADER>0000911177-20-000030.hdr.sgml : 20200824
<ACCEPTANCE-DATETIME>20200428115221
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000911177-20-000030
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200428

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CASELLA WASTE SYSTEMS INC
		CENTRAL INDEX KEY:			0000911177
		STANDARD INDUSTRIAL CLASSIFICATION:	REFUSE SYSTEMS [4953]
		IRS NUMBER:				030338873
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		25 GREENS HILL ROAD
		CITY:			RUTLAND
		STATE:			VT
		ZIP:			05701
		BUSINESS PHONE:		8027750325

	MAIL ADDRESS:	
		STREET 1:		25 GREENS HILL ROAD
		CITY:			RUTLAND
		STATE:			VT
		ZIP:			05701
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2020 Workiva -->
<title>Document</title></head><body><div id="i9f10f3c84dcb4cf78305b6db162f0c98_30"></div><div style="height:72pt;width:100%;"><div><img alt="letterhead1.jpg" src="letterhead1.jpg" style="height:964px;width:750px;"></div></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center;"><font><br></font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">April 28, 2020</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%;">By EDGAR Submission</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">U.S. Securities and Exchange Commission</font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">100 F Street, N.E.</font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Washington, D.C. 20549</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Attn&#58;  Yolanda Guobadia, Division of Corporation Finance</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%;">Re&#58; Casella Waste Systems, Inc.</font></div><div style="padding-left:18pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%;">Form 10-K for the Fiscal Year Ended December 31, 2019</font></div><div style="padding-left:18pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%;">Filed February 21, 2020</font></div><div style="padding-left:18pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%;">Form 8-K Filed February 20, 2020</font></div><div style="padding-left:18pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%;">File No. 0-23211</font></div><div><font><br></font></div><div style="margin-top:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Dear Ms. Guobadia&#58; </font></div><div style="margin-top:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">We are in receipt of the letter, dated April 23, 2020, from the staff of the United States Securities and Exchange Commission with respect to the above-referenced filings by Casella Waste Systems, Inc.  Per your telephone discussion with our counsel, in order to ensure ample time to provide you with thorough responses, we anticipate providing a complete response to the comment letter no later than Thursday, May 21, 2020.  </font></div><div style="margin-top:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">If you have any questions regarding the foregoing responses or otherwise, please do not hesitate to call me at (802) 772-2239.</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Sincerely,</font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;"> </font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration: underline;">&#47;s&#47; Edmond R. Coletta                                    </font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Edmond R. Coletta</font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">Senior Vice President and Chief Financial Officer</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;">cc&#58;       Sondra Snyder, Division of Corporation Finance</font></div><div><font><br></font></div><div style="position:relative;width:100%;height:72pt;"><div style="position:absolute;bottom:0;width:100%;"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>letterhead1.jpg
<TEXT>
begin 644 letterhead1.jpg
MB5!.1PT*&@H    -24A$4@   U(   1," 8   "37:)B     7-21T( KLX<
MZ0    1G04U!  "QCPO\804    )<$A9<P  %B4  !8E 4E2)/   #V'241!
M5'A>[=T_D!S'F2=LQE)::M<YF?*P(+A+4LXJX@*0+(Q,FC1ERJ1WBF^I.WHG
MCZ9,F31ATKD(B%H#)DV:-&G2I F3W_O+RJS)KJX>S  SP(!XGHB,[JK*RG^5
M5979U=/S%@
M
M
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MV^V@W6N2^+>^^=I4NI?_L8F:#.78/SO<_^BH[-4',@'M25TH99KWO4J[ 0#
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M!G!]Z8V7B50&\'T1
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M/LMKOWJ%><S+:Q[=FD?/<\UCY-GSV+;5FF=Y[CPV]7A6'KMM-1OI 0
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
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M:8X\YC3S?J^OCC1''B/-D<?V?,A^>3_V P
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MI<SC1,X)/BY EWTBM9SX2[QI(G,T(3K?_VI/I*9/^0^>2/5/7 \^Q9F/5;N
M5MU2I[9]\X3N,C*H;OVV#Y:&/D#8'?BD[U;?6_[V8C.YR "AUAW=%.<G4LL
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M>9_7+(]M(SX
M
M                                                <)W>>NO_!X=C
2D->@FPGI     $E%3D2N0F""

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
