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Ohio River Basin Water Quality Trading Project

Ohio River Basin Water Quality Trading Project. Agenda Item 12. ORB WQT Stakeholder Engagement. Collaborators: Electric Power Research Institute American Farmland Trust Ohio Farm Bureau Federation ORSANCO Tennessee Valley Authority American Electric Power Hoosier Energy Duke Energy

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Ohio River Basin Water Quality Trading Project

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  1. Ohio River Basin Water Quality Trading Project Agenda Item 12

  2. ORB WQT Stakeholder Engagement Collaborators: Electric Power Research Institute American Farmland Trust Ohio Farm Bureau Federation ORSANCO Tennessee Valley Authority American Electric Power Hoosier Energy Duke Energy Exelon Troutman Sanders Kieser & Associates UC Santa Barbara Agencies: USEPA USDA States: Ohio Indiana Kentucky Steering Committees: WWTP Agriculture Power Plants Environmental Groups

  3. Steering Committees - Agriculture • Indiana State Department of Agriculture; • Kentucky Division of Conservation; • Ohio Department of Natural Resources; • USDA, ARS; USDA NRCS; • Kentucky, Ohio, and Indiana Farm Bureaus; • Illinois and Indiana State Conservationists; • National Pork Producers; • West Virginia Conservation Agency; • Kentucky Corn Growers Association • NC Department of Agriculture and Consumer Services; • Land Stewards, LLC.

  4. Steering Committees • WWTP – National Association of Clean Water Agencies (NACWA) host EPRI via their WQT working group • Power Companies – Duke, AEP, TVA, Hoosier, Exelon • Environmental Groups: • The Nature Conservancy OH • Sierra Club OH & IN • OH Environmental Council • Environmental Law and Policy Center • MN Center for Env’t Advocacy • KY Waterways Alliance • Kentucky Resources Council • Environmental Defense Fund

  5. Pilot Trading Plan Amendments • Stewardship Credits • Eligibility for inducements for early involvement in trading • Use of credits for SEPs • Farm specific variables rather than default values for modeling • Use of ODNR Load Reduction Spreadsheet to determine reductions from improved milkhouse waste handling • Amendments will be signed all the signatories of the Pilot Trading Plan 1.0 for the Ohio River Basin Interstate Water Quality Trading Project

  6. Contract Flow All Credits “Certified” by State Permitting Authority

  7. Evaluation Criteria for Cost-share • Primary Considerations • Cost per pound for a 5 year credit • Additional Considerations • A range of practices to gain max knowledge • SWCD and state priority concerns are addressed • Ancillary benefits addressed (habitat, rare species, air quality, social, Highly Erodible Lands, Ag viability) • Outreach potential

  8. Pilot Trades (2013-2015) 25-30 farmer contracts 66,000 lbs N/yr 30,000 lb P/yr Focus on KY, IN, OH Pilot Trade Locations Upper Ohio Middle Ohio

  9. Cost per pound reduction: $1.32-$4.66

  10. Heavy Use Area Protection (HUAP) Before Runoff, erosion, sedimentation. After No erosion, no sedimentation, easier manure management, proud farmer.

  11. Project Documentation Credit Transactions Credit Release Letter Credit Suspension Notice Credit Cancellation notice Buyer Contract Credit Creation Affidavit of Eligibility Farmer Contracts SWCD Installation Certification BMP Verification Report Credit Certification Report

  12. Credit Trading Registry Now Operational!

  13. Example Purchase Summary Transfer Details:Target Account Name: DEMO ORB SWCD ACCOUNT Transfer Date: 2013-09-16 00:00:00Comments: Transaction of Stewardship credits  Vintage Year: 2014   Quantity: 20.00000   Credit Type: TN lbs/year   Watershed (HUC4): Scioto   Sub Watershed (HUC10): Headwaters Scioto River Best Management Practice : Cover Crops & Buffer StripsAncillary Benefits : Carbon Sequestration, Pollinator Habitat

  14. Why buy pilot credits? • Develop comfort • Public recognition for leadership • Flexible NPDES compliance schedule • Inclusion in Corporate Sustainability Reports • Application, and agency preference, towards Supplemental Environmental Project (SEP) obligations

  15. Outside Interest • National Association of Regulatory Utility Commissioners – Resolution ORB WQT • Upper Mississippi River Basin Authority • Mississippi River Cities Initiatives • Louisiana Department of Environmental Quality

  16. Next Steps • Trading Plan amended in October 2013 • Verification of credits by end of 2013 • Credits will be sold in early 2014 • Expect a press release in March 2014

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