Mark Klein Allowances Quotations

The real unknown for generators and for the petrochemical and cement industries is the allocation method that will be used for carbon allowances in phase two from 2008 onwards, the critical period for meeting the Kyoto targets.

We have gas plants and coal plants. Through different exchanges and bilateral agreements, we have bought carbon allowances to cover our generation position to 2007. There have been some days when we have been buyers of allowances, fewer days when we have been sellers.