HARRISBURG, Pa. — The Pennsylvania Infrastructure Investment Authority (PENNVEST) and the Department of Environmental Protection recently announced they will host an auction Nov. 6, for the sale and purchase of nutrient credits in the Susquehanna and Potomac watersheds.
Auction
The auction will be a “spot” auction, where verified credits will be sold at auction, delivered and applied to the 2013 compliance year. The auction will afford wastewater treatment plants in these two watersheds the opportunity to purchase credits as a means of meeting their nitrogen and phosphorus discharge limits for the compliance year.
Enrollment to participate in the auction began Sept. 25 and closes Oct. 16.
Purpose
DEP’s nutrient credit trading program provides a cost-effective means for facilities that are subject to nitrogen and phosphorus limits to meet those limits by working with other facilities, non-point sources or both.
PENNVEST has chosen Markit Inc. to provide the platform for enrollment and eligibility, auctions and registry services. Markit, a financial information services company, has provided operations and infrastructure services to environmental programs worldwide. PENNVEST anticipates charging buyers and sellers 2.5 cents per credit to offset administrative costs.
For more information, visit www.pennvest.state.pa.us and click on “Nutrient Credit Trading” on the left side of the page; or call Robert Boos at 717-783-4493 or Veronica Kasi at 717-772-4053.
