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E.ON Completes First 2010 Emissions Trade on Green Exchange
2010-10-19 07:36:51.452 GMT
By Lars Paulsson
Oct. 19 (Bloomberg) -- E.ON Energy Trading SE, a unit of
Germany's biggest utility, on Oct. 15 completed its first
transaction on the Green Exchange LLC, a new carbon market owned
by CME Group Inc.'s New York Mercantile Exchange.
The Dusseldorf-based company bought a cleared December 2010
over-the-counter contract for European emissions, it said today
in an e-mailed statement.
Trading on the Green Exchange will give E.ON better access
to the U.S. emissions market, which will "increasingly
influence what happens in Europe," Tom Sargent, the company's
head of power and emissions trading, said in the statement.
For Related News and Information:
Environment Top Stories: GREEN <GO>
Emissions Pricing: EMIT <GO>
--Editors: Rob Verdonck, Raj Rajendran
To contact the reporter on this story:
Lars Paulsson in London at +44-207-673-2759 or
lpaulsson@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
