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Spectron Handles First California Brokered CO2 Trade (Update1)
2010-11-23 14:31:50.715 GMT
(Adds Barclays trade in second paragraph.)
By Mathew Carr
Nov. 23 (Bloomberg) -- Spectron Group Ltd. handled the
first brokered forward-trade agreement for California carbon
allowances at $11.50 a metric ton, the London-based broker said
today in an e-mailed statement.
On Nov. 17, Barclays Plc and NRG Energy Inc., the largest
U.S. independent power producer, said they completed the first
deal for carbon-dioxide permits under California's planned cap-
and-trade program for greenhouse gases.
The most populous U.S. state is moving ahead with its
program to curb global-warming gases after federal cap-and-trade
legislation championed by President Barack Obama stalled in
Congress this year. Republicans and some Democrats called the
plan an energy tax in disguise.
For Related News and Information:
Top Power Stories: PTOP <GO>
For New Energy Finance Model, Weekly Research CARX <GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: Rob Verdonck, Stephen Cunningham
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss on +44-20-7073-3520 or sev@bloomberg.net
