Source: http://www.dec.ny.gov/regs/47181.html
Timestamp: 2014-09-30 19:59:16
Document Index: 746684520

Matched Legal Cases: ['art 242', 'art 242', '§242', '§242', 'art 242', '§242', '§242', '§242', 'arts 242', 'arts 242', '§242', '§242']

Subpart 242-1: CO2 Budget Trading Program General Provisions - NYS Dept. of Environmental Conservation
Home » Regulations and Enforcement » Regulations » Chapter III- Air Resources » Subpart 242-1: CO2 Budget Trading Program General Provisions
242-1.1 Purpose
242-1.2 Definitions
242-1.3 Measurements, abbreviations and acronyms
242-1.4 Applicability
242-1.5 Standard requirements
242-1.6 Computation of time
242-1.7 Severability
§242-1.1 Purpose
This Part establishes the New York State component of the CO2 Budget Trading Program, which is designed to stabilize and then reduce anthropogenic emissions of CO2, a greenhouse gas, from CO2 budget sources in an economically efficient manner.
§242-1.2 Definitions
(7) Allowance auction or auction. An auction in which the New York State Research and Development Authority (NYSERDA) or its agent offers CO2 allowances for sale.
(18) CO2 allowance deduction or deduct CO2 allowances. The permanent withdrawal of CO2 allowances by the Department or its agent from a CO2 allowance tracking system compliance account to account for the number of tons of CO2 emitted from a CO2 budget source for a control period or an interim control period, determined in accordance with Subpart 242-8 of this Part, or for the forfeit or retirement of CO2 allowances as provided by this Part.
(20) CO2 allowance tracking system. The system by which the department or its agent records allocations, deductions, and transfers of CO2 allowances under the CO2 Budget Trading Program. The tracking system may also be used to track CO2 emissions offset projects, CO2 allowance prices and emissions from affected sources, and to determine the New York CO2 Budget Trading Program adjusted budget in accordance with section 242-5.2.
(28) CO2 Budget Trading Program adjusted budget. The New York CO2 Budget Trading Program adjusted budget is determined in accordance with section 242-5.2 and is the annual amount of CO2 tons available in New York for allocation in a given allocation year, in accordance with the CO2 Budget Trading Program. CO2 offset allowances allocated to project sponsors and CO2 CCR allowances offered for sale at an auction are separate from and additional to CO2 allowances allocated from the New York CO2 Budget Trading Program adjusted budget.
(41) Cost containment reserve trigger price, or CCR trigger price. The CCR trigger price is the minimum price at which CO2 CCR allowances are offered for sale by NYSERDA or its agent at an auction. The CCR trigger price shall be $4.00 per CO2 allowance for calendar year 2014, $6.00 per CO2 allowance in calendar year 2015, $8.00 per CO2 allowance in calendar year 2016, and $10.00 per CO2 allowance in calendar year 2017. Each calendar year thereafter, the CCR trigger price shall be 1.025 multiplied by the CCR trigger price from the previous calendar year, rounded to the nearest whole cent.
(42) Eligible biomass. Eligible biomass includes sustainably harvested woody and herbaceous fuel sources that are available on a renewable or recurring basis (excluding old-growth timber), including dedicated energy crops and trees, agricultural food and feed crop residues, and forest and mill residue. Eligible biomass may also include biogas derived from such fuel sources and animal wastes and other clean organic wastes not mixed with other solid waste. Liquid biofuels do not qualify as eligible biomass. Sustainably harvested as it applies to woody and herbaceous fuel sources will be determined by the department.
(43) Energy efficiency and clean energy technology account. A general account established and administered by the NYSERDA.
(46) First control period interim adjustment for banked allowances. An adjustment applied to the New York CO2 Budget Trading Program base budget for allocation years 2014 through 2020 to address the surplus allocation year 2009, 2010 and 2011 allowances held in general and compliance accounts, including compliance accounts established pursuant to the CO2 Budget Trading Program, but not including accounts opened by participating states.
(56) Minimum reserve price (MRP). The minimum reserve price in calendar year 2014 shall be $2.00. Each calendar year thereafter the minimum reserve price shall be 1.025 multiplied by the minimum reserve price from the previous calendar year, rounded to the nearest whole cent.
(67) Reserve Price. The minimum acceptable price for each CO2 allowance in a specific auction. The reserve price at an auction is either the minimum reserve price or the CCR trigger price as specified in subdivision 242-5.3(b).
(75) Undistributed CO2 allowance. CO2 allowances originally allocated to a set-aside account pursuant to section 242-5.3 that were not distributed.
(79) Voluntary renewable energy purchase. A purchase of electricity from renewable energy generation or renewable energy attribute credits by a retail electricity customer on a voluntary basis. Renewable energy includes electricity generated from a source built on or after January 1, 2003 that is contained in the revised list of eligible electric generation technologies in the New York State Public Service Commission's Order on Customer-Sited Tier Implementation issued and effective June 28, 2006, attached as appendix B in the New York State Public Service Commission's Order Regarding Retail Renewable Portfolio Standard, issued and effective September 24, 2004, except for electricity generated from a CO2 budget source that co-fires eligible biomass as a compliance mechanism and for which the CO2 authorized account representative requests the retirement of CO2 allowances pursuant to subdivision 242-5.3(c) of this Part. The renewable energy generation or renewable energy attribute credits related to such purchases may not be used by the generator or purchaser to meet any regulatory mandate, such as a renewable portfolio standard.
§242-1.3 Measurements, abbreviations and acronyms
(c) hr-hour.
(d) lb-pound.
(e) mmBtu-million Btu.
(f) MWe-megawatt electrical.
(g) MWh-megawatt hours.
§242-1.4 Applicability
(a) Units. Any unit that, at any time on or after January 1, 2005, serves an electricity generator with a nameplate capacity equal to or greater than 25 MWe shall be a CO2 budget unit, and any source that includes one or more such units shall be a CO2 budget source, subject to the requirements of this Part.
(1) Applicability. Notwithstanding subdivision (a) of this section, any unit that, on or before December 1, 2008, applied for an enforceable permit condition restricting the supply of the unit's annual electrical output to the electric grid to less than or equal to 10 percent of the annual gross generation of the unit, and that from and after January 1, 2009 complies with the 10 percent restriction and the provisions in paragraph (3) of this subdiviion, shall be exempt from the requirements of this Part, except for the provisions of this section, sections 242-1.2, 242-1.3, and 242-1.6 of this Subpart.
(4) Reduction in CO2 Budget Trading Program base budget. In the event that a unit applies for and receives a permit condition that renders the unit exempt under this subdivision, then the department shall reduce the CO2 Budget Trading Program base budget to remove the number of tons equal to the unit's average annual emissions from the previous three calendar years.
§242-1.5 Standard requirements
(1) The owners and operators of each CO2 budget source and each CO2 budget unit at the source shall hold CO2 allowances available for compliance deductions under section 242-6.5 of this Part, as of the CO2 allowance transfer deadline, in the source's compliance account in an amount not less than the total CO2 emissions for the control period from all CO2 budget units at the source, less the CO2 allowances deducted to meet the requirements of paragraph 242-1.5(c)(2) with respect to the previous two interim control periods, as determined in accordance with Subparts 242-6 and 242-8 of this Part.
(2) The owners and operators of each CO2 budget source and each CO2 budget unit at the source shall hold CO2 allowances available for compliance deductions under section 242-6.5, as of the CO2 allowance transfer deadline, in the source's compliance account in an amount not less than the total CO2 emissions for the interim control period from all CO2 budget units at the source multiplied by 0.50, as determined in accordance with Subparts 242-6 and 242-8.
(d) Excess emissions requirements. The owners and operators of a CO2 budget source that has excess emissions in any control period, or excess interim emissions for any interim control period, shall:
(3) Any provision of the CO2 Budget Trading Program that applies to a CO2 budget unit (including a provision applicable to the CO2 authorized account representative of a CO2 budget unit) shall also apply to the owners and operators of such unit.
§242-1.6 Computation of time
(a) Unless otherwise stated, any time period scheduled, under the CO2 Budget Trading Program, to begin on the occurrence of an act or event shall begin on the day the act or event occurs.
(b) Unless otherwise stated, any time period scheduled, under the CO2 Budget Trading Program, to begin before the occurrence of an act or event shall be computed so that the period ends the day before the act or event occurs.
(c) Unless otherwise stated, if the final day of any time period, under the CO2 Budget Trading Program, falls on a weekend or a State or Federal holiday, the time period shall be extended to the next business day.
§242-1.7 Severability