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PPL only power company so far to predict a financial impact from CAIR ruling

机译:迄今为止,只有PPL的电力公司才能预测CAIR裁决的财务影响

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PPL Corp. last week was the first -and so far only -power company to disclose a potential financial hit from the July 11 ruling by the US Court of Appeals for the DC Circuit invalidating the Environmental Protection Agency's Clean Air Interstate Rule. PPL said it may take a third-quarter impairment charge on unusable emission allowances for nitrogen oxides and sulfur dioxide, because the court found that a regional cap-and-trade program cannot be used to help meet EPA's ozone and fine particulates standards. As a result, all of the annual NOx allowances bought by PPL EnergyPlus may be impaired because they are no longer required. The market price of SO2 allowances has fallen dramatically since the Court's decision, PPL noted in a Form 8-K filed July 16. "PPL currently is evaluating the court's decision to determine its financial and other impacts," it added. "The combined book value for these sulfur dioxide and nitrogen oxide emission allowances was approximately $100 million at June 30, 2008, excluding the seasonal nitrogen oxide allowances unaffected by the Court's ruling."
机译:PPL Corp.上周是第一家(也是迄今为止唯一的一家)电力公司,该公司披露了美国上诉法院7月11日发布的针对直流巡回法院的裁决,该裁决使环境保护署的《清洁空气州际法》无效。 PPL表示,可能对第三季度氮氧化物和二氧化硫的无用排放配额计提减值准备,因为法院发现,区域上限和交易计划不能用于帮助达到EPA的臭氧和细颗粒物标准。结果,PPL EnergyPlus购买的所有年度NOx配额可能会减少,因为不再需要了。 PPL在7月16日提交的8-K表格中指出,自法院作出判决以来,SO2配额的市场价格已大幅下跌。“ PPL当前正在评估法院的决定,以确定其财务和其他影响。” “截至2008年6月30日,这些二氧化硫和氮氧化物排放配额的账面总价值约为1亿美元,其中不包括不受法院裁决影响的季节性氮氧化物配额。”

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