Owner means any of the following persons:
(1) With regard to a CAIR NOX source or a CAIR NOX unit at a source, respectively:
(i) Any holder of any portion of the legal or equitable title in a CAIR NOX unit at the source or the CAIR NOX unit;
(ii) Any holder of a leasehold interest in a CAIR NOX unit at the source or the CAIR NOX unit; or
(iii) Any purchaser of power from a CAIR NOX unit at the source or the CAIR NOX unit under a life-of-the-unit, firm power contractual arrangement; provided that, unless expressly provided for in a leasehold agreement, owner shall not include a passive lessor, or a person who has an equitable interest through such lessor, whose rental payments are not based (either directly or indirectly) on the revenues or income from such CAIR NOX unit; or
(2) With regard to any general account, any person who has an ownership interest with respect to the CAIR NOX allowances held in the general account and who is subject to the binding agreement for the CAIR authorized account representative to represent the person's ownership interest with respect to CAIR NOX allowances.
40 CFR § 96.102
The terms used in this subpart and subparts BB through II shall have the meanings set forth in this section as follows: