Covanta Energy Corp., Fairfield, N.J., hired Prudential as custodian...

Covanta Energy Corp., Fairfield, N.J., hired Prudential as custodian and sole investment manager for its $16 million pension plan, said Carla Brooks, manager, human resources. Ms. Brooks would not identify the previous custodian or investment managers. The plan's asset allocation is 70% equity and 30% fixed income. It did not use a consultant.