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Nutrient Credit Trading Program (NCT)

Auction Application Enrollment Cut-Off Date Auction Date - Type 
February 12, 2014 March 19, 2014 - Forward Auction
May 7, 2014   June 11, 2014 - Forward  Auction
August 6, 2014   September 10, 2014 - Forward Auction
October 15, 2014   November 5, 2014 - Spot Auction

 

What Is the NCT Program:  The Pennsylvania Infrastructure Investment Authority (PENNVEST), working in conjunction with the Department of Environmental Protection (DEP), is hosting auctions for the sale and purchase of nutrient credits in the Susquehanna and Potomac watersheds. PENNVEST’s Nutrient Credit Trading program provides a cost-effective means for regulated public and private waste water treatment plants and other parties to purchase credits to meet their nitrogen and phosphorus discharge limits for the compliance year. PENNVEST will serve as central counterparty and clearinghouse for auction transactions. Credit buyers and sellers will be contracting with PENNVEST thereby reducing risk for buyers and sellers, which in turn should help create a stable nutrient credit trading market in Pennsylvania.

Enroll in NCT Auctions:  Markit is providing enrollment and eligibility, auctions and registry services to PENNVEST to facilitate these auctions. To acces the  Markit Environmental Registry and Auctionselect the link :

http://www.markit.com/en/products/environmental/auctions/pennvest.page

Additional Information:  To read about Auctions Rules and other information about the PENNVEST Nutrient Credit Trading program please select the  Documents section on the left navigation under Nutrient Credit Trading.   If you have any questions about the auction, please contact Robert Boos at rboos@pa.gov or 717-783-4493.