TITLE 40 - PROTECTION OF ENVIRONMENT

CHAPTER I - ENVIRONMENTAL PROTECTION AGENCY

SUBCHAPTER C - AIR PROGRAMS

PART 72 - PERMITS REGULATION

subpart i - COMPLIANCE CERTIFICATION

72.95 - Allowance deduction formula.

Link to an amendment published at 70 FR 25334, May 12, 2005.

The following formula shall be used to determine the total number of allowances to be deducted for the calendar year from the allowances held in an affected unit's compliance subaccount as of the allowance transfer deadline applicable to that year: Total allowances deducted = Tons emitted + Allowances surrendered for underutilization + Allowances deducted for Phase I extensions + Allowances deducted for substitution or compensating units where: (a) Tons emitted is the total tons of sulfur dioxide emitted by the unit during the calendar year, as reported in accordance with part 75 of this chapter.

  (b) Allowances surrendered for underutilization is the total number of allowances calculated in accordance with 72.92 (a) and (c).

  (c) Allowances deducted for Phase I extensions is the total number of allowances calculated in accordance with 72.42(f)(1)(i).

  (d) Allowances deducted for substitution or compensating units is the total number of allowances calculated in accordance with the surrender requirements specified under 72.41(d)(3) or (e)(1)(iii)(B) or 72.43(d)(2).

[58 FR 3650, Jan. 11, 1993, as amended at 62 FR 55485, Oct. 24, 1997]