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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 Auction select 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. The PENNVEST Nutrient Credit Clearinghouse Rulebook has been revised as of 09/06/2012 to reflect changes in the enrollment process, due to the implementation of an online auction platform, and to further provide additional information on the methodology used to calculate auction results. If you have any questions about the revised Rulebook, please contact Shawn Weis at sweis@pa.gov or 717-783-6776.
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