CAIR Future Still Uncertain

Law360, New York (October 16, 2008, 12:00 AM EDT) -- Current headlines are filled with stories of market crashes and a world of uncertainty. While most of this news involves the current financial markets, it also describes the situation of utilities and allowance traders in the wake of North Carolina v. EPA. This D.C. Circuit decision from earlier this year has wreaked havoc with literally billions of dollars of investments under the Clean Air Interstate Rule (CAIR) and created a tremendous amount of uncertainty for the utility industry.

CAIR Background

CAIR was promulgated in March 2005...
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