25 Pa. Code § 145.343 - Distribution of CO[2] allowances in the air pollution reduction account

(a) Except for the CO₂ allowances allocated to the waste coal set-aside account under § 145.342(i) (relating to CO₂ allowance allocations), the strategic use set-aside account under § 145.342(j) and the combined heat and power set-aside account under § 145.342(k), the Department will make all CO₂ allowances for an allocation year that are held in the air pollution reduction account for that allocation year available for purchase or auction by no later than the December 31 of the calendar year that corresponds to that allocation year.

(b) The Department will administer the air pollution reduction account so that CO₂ allowances will be sold in a transparent allowance auction. The proceeds of the auction will be used in the elimination of air pollution in accordance with the act and Chapter 143 (relating to disbursements from the Clean Air Fund) and for programmatic costs associated with the CO₂ Budget Trading Program.

(c) The Department or its agent, will not be obligated to sell any CO₂ allowances for less than the reserve price.

(d) The Department may transfer to the air pollution reduction account undistributed or unsold CO₂ allowances at the end of each control period, including CO₂ allowances allocated to the waste coal set-aside account under § 145.342(i), the strategic use set-aside account under § 145.342(j) and the combined heat and power set-aside account under § 145.342(k).

Notes

25 Pa. Code § 145.343

This section cited in 25 Pa. Code § 145.306 (relating to standard requirements); 25 Pa. Code § 145.351 (relating to CO₂ Allowance Tracking System (COATS) accounts); 25 Pa. Code § 145.401 (relating to auction of CO₂ allowances); and 25 Pa. Code § 145.409 (relating to approval of auction results).