<div id="subtitle">Lawsuit over New York carbon auction for power plant emissions settled</div><div><p>New York officials have settled a lawsuit with power plant owners that challenged their legal authority to auction allowances required for carbon dioxide emissions.</p><p>Under the settlement with Indeck Corinth, the Department of Environmental Conservation will maintain at least 1.5 million allowances annually available to power plant operators with long-term contracts.</p><p>Indeck has a contract with Consolidated Edison Inc., which is agreeing to buy any additional allowances Indeck needs for its gas-fired generator.</p><p>The New York State Energy and Research Development Authority will use proceeds from the carbon auction to benefit ConEd customers.</p><p>The settlement includes Brooklyn Navy Yard Cogeneration Partners and Selkirk Cogen Partners.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=65948620&bid=informcom" /></div><div id="copyright"><div>

Copyright 2009  <a href="http://www.ap.org">AP News</a></div></div>