Plasco founder Rod Bryden steps down

The founder of Plasco Energy Group, which promises to turn Ottawa's garbage into electricity, is leaving the company.

Rod Brydenfounded thewaste-to-energy company in 2005.

Plascohas a contract with the City of Ottawa worth about $9 milliona year.

It has missed two deadlines to get financing together to build a largewaste-processing plant on Trim Road.

The company received an extension at the end of August and now has until December 2014 to secure funding.

• Plasco and city ink garbage-to-energy deal
• Plasco asks for another extension to secure financing
• Environment committee votes forPlascoextension

Ray Floyd replaced Bryden as Plasco CEO in November.

Bryden was the owner ofthe Ottawa Senators from 1992 until 2003.He turns 73 in March