Filthy Five

DEFINITION of 'Filthy Five'

A series of power plants located in Massachusetts. The Filthy Five are five plants that were constructed before 1977, and are therefore exempt from modern pollution laws. These plants emit several times the amount of pollution created by modern plants.

BREAKING DOWN 'Filthy Five'

The Filthy Five are exempt from modern pollution regulations because they were grandfathered in under the old laws. They produce large amounts of sulfur, carbon dioxide, nitrogen dioxide and mercury. The governor of Massachusetts came under political pressure to do something about these plants and issued an edict requiring them to adhere to modern pollution regulations.

RELATED TERMS
  1. Absolute Pollution Exclusion

    A commercial liability insurance policy clause that removes coverage ...
  2. Plant Patent

    An intellectual property right that protects a new and unique ...
  3. Carbon Trade

    An exchange of credits between nations designed to reduce emissions ...
  4. Water Quality Improvement Act Of ...

    Legislation that expanded the federal government's authority ...
  5. Water Pollution Liability

    Financial and legal responsibility for causing contamination ...
  6. Common Pool

    A resource or asset that is jointly managed or accessed by a ...
Related Articles
  1. Personal Finance

    Budget-Stretching Gardening Tips

    A bakers dozen of easy, budget-stretching garden ideas just in time for spring and summer planting.
  2. Markets

    The Basics of FuelCell's Cost Share Carbon Reduction Project (FCEL)

    Discover how FuelCell Energy's carbon capture project with the Department of Energy works and how it could lead to cleaner air and huge profits.
  3. Personal Finance

    Make Sure Your Business Complies with These 3 Environmental Laws

    Discover why 1970 is considered the year of the environment, and learn about several major environmental laws with which businesses must comply.
  4. Personal Finance

    7 Tips to Cost-Effectively Landscape Your New Home

    Boost your new home's value and curb appeal with smart and cost-effective landscaping tips.
  5. Markets

    Understanding Externality

    An externality is a consequence of an economic activity that is experienced by unrelated third parties.
  6. Insights

    China Bans New Coal-fired Power Plants

    China’s National Development and Reform Commission (NDRC) on Tuesday banned construction of new coal-based thermal power plants, especially in areas with excess power supply, to tighten its grip ...
  7. Personal Finance

    Low-Cost Ideas For Urban Gardening

    Because urban gardening is a growing trend to create lots of greenery in your home, we give you these low-cost ideas without requiring a plot of land.
  8. Markets

    What Does Long Run Mean?

    A long run is a period of time in which all factors of a business’ production and costs are variable.
  9. Insights

    4 Government-Funded FuelCell Energy Projects (FCEL)

    Discover FuelCell Energy Inc. (NASDAQ: FCEL), an alternative energy provider developing renewable fuel cell power plants in the United States and abroad.
  10. Managing Wealth

    Save The Earth: Become A Capitalist

    Who says that capitalism and environmentalism have to be mutually exclusive?
RELATED FAQS
  1. If interest rate swaps are based on two companies' different outlook on interest ...

    See how two companies can swap interest rate payments and mutually benefit. See how these swaps arbitrage differences in ... Read Answer >>
  2. What is property, plant and equipment, and what does it mean?

    Property, plant and equipment (PP&E) is a term that describes an account on the balance sheet. The PP&E account is a summation ... Read Answer >>
  3. What are the different types of tangible assets?

    Learn what tangible assets are, what other names they are called, what specific items are included and how they are handled ... Read Answer >>
  4. Why do some oil refineries get tax exemptions?

    Understand why some oil refineries in the United States receive tax exemptions. Learn what is being done about it and who ... Read Answer >>
  5. What is "whoops" and how did it come to refer to one of the biggest municipal bond ...

    The Washington Public Power Supply System (WPPSS) was formed in the 1950s to make certain that the Pacific Northwest had ... Read Answer >>
  6. Why would a company want to do an acquisition of another company?

    Review some of the reasons why business acquisitions take place, and how the acquiring company is looking to benefit from ... Read Answer >>
Hot Definitions
  1. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  2. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  3. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  4. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  5. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  6. Real Rate Of Return

    The annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other ...
Trading Center