Illinois Administrative Code › Title 35 - ENVIRONMENTAL PROTECTION › Part 205 - EMISSIONS REDUCTION MARKET SYSTEM › Subpart E - ALTERNATIVE ATU GENERATION › Section 205.510 - Inter-Sector Transaction

Current through Register Vol. 48, No. 28, July 12, 2024
Any person may submit a proposal to the Agency to have ATUs
				  issued to the Transaction Account of a participating source, new participating
				  source or general participant equivalent to VOM emissions reductions from
				  mobile sources or area sources in the Chicago area. Any such proposal for the
				  VOM emissions reduction project is subject to Agency review and approval, shall
				  be consistent with laws and regulations and shall include all supporting
				  documentation. The Agency shall review all such proposals in accordance with
				  the following:
a) Regulatory Based
				Proposal
If the VOM emission reductions that have been generated or
				  will be generated are pursuant to a regulation that provides the procedure to
				  determine VOM emissions reductions and allows for such reductions to be
				  converted to ATUs, the Agency shall approve the proposal if based on the
				  provisions of the applicable regulation. The Agency shall approve,
				  conditionally approve or deny any complete and adequately supported proposal
				  within 45 days after the Agency's receipt thereof by sending written
				  notification of its decision. If the Agency denies or conditionally approves a
				  proposal, this written notice shall include a statement of the specific reasons
				  for denying or modifying the proposal.
b) Other Proposals
If the proposal is based on VOM emissions reductions that
				  have been generated or will be generated which are beyond VOM emissions
				  reductions required by any mandatory applicable rules, the proposal shall
				  include an explanation of the method(s) used to achieve the VOM emissions
				  reductions and the method(s) used to quantify the VOM emissions reductions,
				  including supporting documentation and calculations. The Agency shall evaluate
				  the validity of VOM emission reductions that allegedly were generated or will
				  be generated and approve, conditionally approve or deny any complete proposal
				  within 90 days after the Agency's receipt by sending written notification of
				  its decision to the source. If the Agency denies or conditionally approves a
				  proposal, this written notice shall include a statement of the specific reasons
				  for denying or modifying the proposal.
c) No ATUs shall be issued based on mobile or
				area source VOM emissions reductions unless a proposal, in accordance with this
				Section, has been approved by the Agency.
d) All ATUs issued pursuant to a proposal
				approved pursuant to this Section shall be issued to the Transaction Account
				identified in the proposal. Such ATUs shall only be valid for the seasonal
				allotment period in which the emissions reductions were achieved, unless the
				Agency specifies in its approval that such ATUs shall be valid for the seasonal
				allotment period following issuance and for the next seasonal allotment
				period.
e) The Agency's
				determination that a proposal submitted pursuant to this Section is denied or
				conditionally approved is subject to review by the Board as provided at 35 Ill.
				Adm. Code
				105.102.