Distribution of emissions performance units
 16. (1) The Director shall take the following steps in respect of a facility for a compliance period: 1. On or before November 15 in the year following the compliance period, subject to subsections (4) and (5), distribute into the facility account the number of emissions performance units equivalent to the amount determined under subsection (3). 2. If a verification statement for a revised report is given to the Director after October 15 in the year following the compliance period, no later than 60 days after the date on which the verification statement is given or is deemed to have been given to the Director, subject to subsections (8) and (9), distribute into the facility account the number of emissions performance units equivalent to the amount determined under subsection (7). O. Reg. 562/22, s. 17. (2) The facility account mentioned in subsection (1) is the account established as a result of the most recent registration or continuation of registration in respect of the facility that occurred before the end of the registration period containing the compliance period. O. Reg. 562/22, s. 17. (3) The amount mentioned in paragraph 1 of subsection (1) is the amount determined in accordance with the following formula: VTAEL – VVA in which, “VTAEL” is the verified total annual emissions limit from the verification statement for the report in respect of the facility for the compliance period, and “VVA” is the verified verification amount from the verification statement for the report in respect of the facility for the compliance period. O. Reg. 562/22, s. 17. (4) Paragraph 1 of subsection (1) applies only if the amount determined under subsection (3) is greater than zero and the verification statement for the report in respect of the facility for the compliance period includes, (a) a positive or qualified positive verification amount conclusion; and (b) a positive or qualified positive total annual emissions limit verification conclusion. O. Reg. 562/22, s. 17. (5) If the verified total annual emissions limit was calculated using the Historical Facility Emissions Limit Standard method under the Methodology, the number of emissions performance units to be distributed under paragraph 1 of subsection (1) shall not exceed the amount, rounded down to the nearest whole number, determined in accordance with the following formula: 0.05 × VVA in which, “VVA” is the verified verification amount from the verification statement for the report in respect of the facility for the compliance period. O. Reg. 562/22, s. 17. (6) If one or more verification statements for revised reports in respect of a compliance period are given to the Director on or before October 15 in the year following the compliance period, the most recent of those verification statements shall be used for the purposes of subsections (3) to (5) in respect of the compliance period. O. Reg. 562/22, s. 17. (7) The amount mentioned in paragraph 2 of subsection (1) is the amount determined in accordance with the following formula: VTAELR – VVAR – EPU in which, “VTAELR” is the verified total annual emissions limit from the verification statement for the revised report in respect of the facility for the compliance period, “VVAR” is the verified verification amount from the verification statement for the revised report in respect of the facility for the compliance period, and “EPU” is the total number of emissions performance units previously distributed in accordance with this section in respect of the facility for the compliance period. O. Reg. 562/22, s. 17. (8) Paragraph 2 of subsection (1) does not apply and the Director shall not distribute additional emissions performance units into a facility account if any of the following circumstances exist: 1. The verification statement for the revised report is given or is deemed to have been given to the Director after October 15 in the fifth year following the compliance period to which the report relates. 2. The amount determined under subsection (7) is zero or a negative number. 3. Emissions performance units were not distributed under paragraph 1 of subsection (1) in respect of the facility for the compliance period. 4. The verification statement for the revised report does not include both, i. a positive or qualified positive verification amount conclusion, and ii. a positive or qualified positive total annual emissions limit verification conclusion. O. Reg. 562/22, s. 17. (9) If the verified total annual emissions limit in the revised report was calculated using the Historical Facility Emissions Limit Standard method under the Methodology, the number of additional emissions performance units distributed under paragraph 2 of subsection (1) shall not exceed the amount, rounded down to the nearest whole number, determined in accordance with the following formula: 0.05 × VVAR – EPU in which, “VVAR” is the verified verification amount from the verification statement for the revised report in respect of the facility for the compliance period, and “EPU” is the total number of emissions performance units previously distributed in accordance with this section in respect of the facility for the compliance period. O. Reg. 562/22, s. 17.