Idaho Administrative Code › Title IDAPA 58 - Environmental Quality, Department of › Rule 58.01.01 - RULES FOR THE CONTROL OF AIR POLLUTION IN IDAHO › Section 58.01.01.461 - REQUIREMENTS FOR BANKING EMISSION REDUCTION CREDITS (ERC'S)

Current through August 31, 2023
01.
Application to Bank an ERC
.
			 The owner or operator of any facility may apply to the Department for a Tier I
			 or Tier II operating permit (or a revision thereto) to bank an emission
			 reduction credit. An application to bank an emission reduction credit must be
			 received by the Department no later than one (1) year after the reduction
			 occurs. The Department may issue or revise such a Tier I or Tier II operating
			 permit and a "Certificate of Ownership" for an emission reduction credit,
			 provided that all emission reductions satisfy the requirements of Section
			 460. (3-28-23)
02.
Banking Period
. Emission
			 reduction credits may be banked with the Department. The banked emission
			 reduction credits may be used for offsets, netting in accordance with the
			 definition of net emissions increase at Section
			 007, or sold to other facilities.
			 The use of banked emission reduction credits must satisfy the applicable
			 requirements of the program in which they are proposed for use, including
			 approval of a permit to construct or a Tier I or Tier II operating permit.
			 (3-28-23)
03.
Certificate of
			 Ownership
. Upon issuing or revising a Tier I or Tier II operating permit
			 for an emission reduction credit, the Department will issue a "Certificate of
			 Ownership" that will identify the owner of the credits, quantify the credited
			 emission reduction and describe the characteristics of the emissions that were
			 reduced and emissions unit(s) that previously emitted them. (3-28-23)
04.
Adjustment by Department
. If
			 at any time the Department, or the owner or operator of a facility that has
			 produced an emission reduction credit, finds that the actual reduction in
			 emissions differs from that in the certificate of ownership, the Department
			 will adjust the amount of banked emission reduction credits to reflect the
			 actual emission reduction and issue a revised certificate of ownership.
			 (3-28-23)
05.
Proportional
			 Discounts
. If at any time the Department finds that additional emission
			 reductions are necessary to attain and maintain any ambient air quality
			 standard or applicable prevention of significant deterioration (PSD) increment,
			 banked emission reduction credits at facilities in the affected area may be
			 proportionally discounted by an amount that will not exceed the percentage of
			 emission reduction required for that area. (3-28-23)
06.
Transfer of Ownership
.
			 Whenever the holder of a certificate of ownership for banked emission reduction
			 credits, sells or otherwise transfers ownership of all or part of the banked
			 credits, the holder must submit the certificate of ownership to the Department.
			 The Department will issue a revised certificate(s) of ownership that reflects
			 the old and new holder(s) and amount(s) of banked emission reduction credits.
			 (3-28-23)
07.
Public
			 Registry
. The Department will maintain a public registry of all banked
			 emissions reduction credits, indicating the current holder of each certificate
			 of ownership and the amount and type of credited emissions. (3-28-23)