Information Regarding Allowances Used in Cross-State Air Pollution Rule (CSAPR) Trading Programs, 29328-29329 [2024-08493]
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Federal Register / Vol. 89, No. 78 / Monday, April 22, 2024 / Notices
FEDERAL AGENCY HAZARDOUS WASTE COMPLIANCE DOCKET UPDATE #45—ADDITIONS
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UPDATE #45
FEDERAL AGENCY HAZARDOUS WASTE COMPLIANCE DOCKET UPDATE #45—DELETIONS
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FEDERAL AGENCY HAZARDOUS WASTE COMPLIANCE DOCKET UPDATE #45—CORRECTIONS
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BILLING CODE 6560–50–P
ENVIRONMENTAL PROTECTION
AGENCY
[FRL–9542–06–OAR]
Information Regarding Allowances
Used in Cross-State Air Pollution Rule
(CSAPR) Trading Programs
Environmental Protection
Agency (EPA).
ACTION: Notice of data availability.
AGENCY:
The Environmental Protection
Agency (EPA) is providing notice of the
availability of data on emission
allowance allocations to certain units
under the Cross-State Air Pollution Rule
(CSAPR) trading programs. EPA has
completed final calculations for the
allocations of allowances from the new
unit set-asides (NUSAs) for the 2023
control periods and has posted
spreadsheets containing the calculations
on EPA’s website. EPA has also
completed calculations for allocations of
the remaining 2023 NUSA allowances to
existing units and has posted
spreadsheets containing those
calculations on EPA’s website as well.
Additionally, EPA is making available
an estimate of the data and calculations
to be used in the allowance bank
recalibration process for the 2024
control period under the CSAPR NOX
Ozone Season Group 3 Trading
Program.
DATES: April 22, 2024.
FOR FURTHER INFORMATION CONTACT:
Questions concerning this action should
be addressed to Garrett Powers at (202)
564–2300 or powers.jamesg@epa.gov or
Morgan Riedel at (202) 564–1144 or
riedel.morgan@epa.gov.
SUPPLEMENTARY INFORMATION:
lotter on DSK11XQN23PROD with NOTICES1
VerDate Sep<11>2014
06:41 Apr 20, 2024
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I
I
Under each CSAPR trading program
where EPA is responsible for
determining emission allowance
allocations, a portion of each state’s
emissions budget for the program for
each control period is reserved in a
NUSA (and, under most of the trading
programs, in an additional Indian
country NUSA in the case of states with
Indian country within their borders) for
allocation to certain units that would
not otherwise receive allowance
allocations. The procedures for
identifying the eligible units for each
control period and for allocating
allowances from the NUSAs and Indian
country NUSAs to these units are set
forth in the CSAPR trading program
regulations at 40 CFR 97.411(b) and
97.412 (NOX Annual), 97.511(b) and
97.512 (NOX Ozone Season Group 1),
97.611(b) and 97.612 (SO2 Group 1),
97.711(b) and 97.712 (SO2 Group 2),
97.811(b) and 97.812 (NOX Ozone
Season Group 2), and 97.1012 (NOX
Ozone Season Group 3). Each NUSA
allowance allocation process involves
allocations to eligible units, termed
‘‘new’’ units, followed by the allocation
to ‘‘existing’’ units of any allowances
not allocated to new units.1
In a notice of data availability (NODA)
published in the Federal Register on
March 1, 2024 (89 FR 15199), EPA
provided notice of the preliminary
1 The CSAPR NO Ozone Season Group 3 Trading
X
Program serves as the compliance mechanism for
electricity generating units under the Good
Neighbor Plan (88 FR 36654, June 5, 2023). As of
the date of signature of this notice, applications for
a stay of the Good Neighbor Plan are pending before
the Supreme Court of the United States. If a stay
order is issued and depending on its nature, it
could affect EPA’s ability to implement the
regulatory provisions of the CSAPR NOX Ozone
Season Group 3 Trading Program that are described
in this notice.
PO 00000
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Fmt 4703
Sfmt 4703
Reporting
mechanism
Agency
I. Allocations From New Unit SetAsides
[FR Doc. 2024–07518 Filed 4–19–24; 8:45 am]
SUMMARY:
Zip
Code
State
Code
I
Date
I
calculations of NUSA allowance
allocations for the 2023 control periods
and described the process for submitting
any objections. This NODA concerns the
final NUSA allowance allocations.
In response to the March 1, 2024,
NODA, EPA received a written objection
from Shell Chemical Appalachia LLC
(ORIS 58933) stating that the
preliminary allocation of one CSAPR
SO2 Group 1 allowance to unit 101 from
the NUSA for West Virginia was
incorrect and that unit 101 should
receive two allowances instead. EPA
agrees and accordingly has corrected the
final NUSA allowance allocations for
the CSAPR SO2 Group 1 Trading
Program to reflect a 1-ton increase in the
amount of NUSA allowances allocated
to Shell Chemical Appalachia LLC unit
101 and a corresponding 1-ton decrease
in the collective amount of NUSA
allowances allocated to West Virginia’s
‘‘existing’’ units. EPA received no other
written objections, and all other final
allocations are unchanged from the
preliminary allocations.
The detailed unit-by-unit data and
final allowance allocation calculations
are set forth in Excel spreadsheets titled
‘‘CSAPR_NUSA_2023_NOx_Annual_
Final_Data_New_Units,’’ ‘‘CSAPR_
NUSA_2023_NOx_OS_Final_Data_New_
Units,’’ ‘‘CSAPR_NUSA_2023_SO2_
Final_Data_New_Units,’’ ‘‘CSAPR_
NUSA_2023_NOx_Annual_Final_Data_
Existing_Units,’’ ‘‘CSAPR_NUSA_2023_
NOx_OS_Final_Data_Existing_Units,’’
and ‘‘CSAPR_NUSA_2032_SO2_Final_
Data_Existing_Units’’, available on
EPA’s website at www.epa.gov/CrossState-Air-Pollution/csapr-complianceyear-2023-nusa-nodas.
EPA notes that an allocation or lack
of allocation of allowances to a given
unit under a given CSAPR trading
program does not constitute a
determination that the trading program
E:\FR\FM\22APN1.SGM
22APN1
Federal Register / Vol. 89, No. 78 / Monday, April 22, 2024 / Notices
lotter on DSK11XQN23PROD with NOTICES1
does or does not apply to the unit. EPA
also notes that, under 40 CFR 97.411(c),
97.511(c), 97.611(c), 97.711(c),
97.811(c), 97.1011(c), and 97.1012(c),
allocations are subject to potential
correction if a unit to which allowances
have been allocated for a given control
period is not actually an affected unit as
of the start of that control period.
II. Information for the Allowance Bank
Recalibration Procedures
The CSAPR NOX Ozone Season Group
3 Trading Program includes provisions
calling for EPA to annually recalibrate
the bank of CSAPR NOX Ozone Season
Group 3 allowances if the total quantity
of banked allowances from previous
control periods held in all facility and
general accounts after compliance
deductions for those control periods
exceeds an allowance bank ceiling target
for the current control period. The
allowance bank recalibration procedures
are set forth in the trading program
regulations at 40 CFR 97.1026(d).
Generally, if recalibration takes place for
a given control period, the amount of
banked CSAPR NOX Ozone Season
Group 3 allowances from previous
control periods held in each facility or
general account will be adjusted so that
the amount of such banked allowances
held in the account after recalibration
will equal the amount held in the
account immediately before
recalibration multiplied by the
allowance bank ceiling target, divided
by the total amount of such banked
allowances held in all facility and
general accounts immediately before
recalibration, and rounded up to the
nearest allowance. Allowance bank
recalibration for a given control period
applies only to holdings of banked
allowances issued for previous control
periods; it does not affect any holdings
of allowances issued for that control
period. The regulations call for EPA to
carry out the allowance bank
recalibration procedures for the 2024
control period as soon as practicable on
or after August 1, 2024.2
For the 2024 control period, the
allowance bank ceiling target is
expected to be 12,605 tons, computed as
21% the sum of the 2024 state emission
budgets for the ten states currently
covered by the trading program. Based
on the emissions and allowance data
available at campd.epa.gov as of the
date of signature of this notice, EPA
estimates that after allowance
deductions for 2023 compliance are
completed in June 2024, approximately
38,545 banked vintage 2021–2023
allowances will be held in facility or
2 See
note 1, supra.
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06:41 Apr 20, 2024
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general accounts (84,378 current
allowance holdings + 3,365 upcoming
NUSA allocations¥49,198 reported
2023 ozone season emissions = 38,545
estimated remaining allowances). Based
on these figures, EPA expects that
allowance bank recalibration will take
place for the 2024 control period and
estimates that the amount of banked
vintage 2021–2023 allowances that will
be held in each facility or general
account after recalibration will be the
amount of such banked allowances held
in the account immediately before
recalibration multiplied by 12,605 and
divided by 38,545 (or, equivalently, the
amount of such banked allowances held
in the account immediately before
recalibration multiplied by
approximately 33%). In the actual
allowance bank recalibration process,
instead of using the estimated figures
described in this notice, EPA will use
the most current information available
as of the recalibration date.
(Authority: 40 CFR 97.411(b), 97.511(b),
97.611(b), 97.711(b), 97.811(b), and
97.1012(a).)
Rona Birnbaum,
Director, Clean Air and Power Division, Office
of Atmospheric Protection, Office of Air and
Radiation.
[FR Doc. 2024–08493 Filed 4–19–24; 8:45 am]
BILLING CODE 6560–50–P
29329
• Agency website: www.fhfa.gov/
open-for-comment-or-input.
• Email: RegComments@fhfa.gov.
FHFA will post all public comments
received without change, including any
personal information you provide, such
as your name, address, email address,
and telephone number, on the FHFA
website at https://www.fhfa.gov. In
addition, all comments received will be
available for examination by the public
through the electronic comment docket
for this notice also located on the FHFA
website.
FOR FURTHER INFORMATION CONTACT: Eric
Bryant, Policy Analyst, Division of
Housing Mission and Goals, (202) 253–
4505, eric.bryant@fhfa.gov; William
Merrill, Associate Director, Division of
Housing Mission and Goals, (202) 649–
3428, william.merrill@fhfa.gov; Lyn
Abrams, Associate General Counsel,
Office of General Counsel, (202) 649–
3059, lyn.abrams@fhfa.gov; or Dinah
Knight, Assistant General Counsel,
Office of General Counsel, (202) 748–
7801, dinah.knight@fhfa.gov, Federal
Housing Finance Agency, 400 Seventh
Street, SW, Washington, DC 20219.
These are not toll-free numbers. For
TTY/TRS users with hearing and speech
disabilities, dial 711 and ask to be
connected to any of the contact numbers
above.
SUPPLEMENTARY INFORMATION:
I. Background
FEDERAL HOUSING FINANCE
AGENCY
[No. 2024–N–5]
Freddie Mac Proposed Purchase of
Single-Family Closed-End Second
Mortgages; Comment Request
Federal Housing Finance
Agency.
ACTION: Notice of proposed Enterprise
new product; request for comment.
AGENCY:
The Federal Housing Finance
Agency (FHFA) invites comments on a
proposal by the Federal Home Loan
Mortgage Corporation (Freddie Mac) to
purchase certain single-family closedend second mortgages as a new product
(proposed new product).
DATES: FHFA will accept written
comments on the proposed new product
on or before May 22, 2024.
ADDRESSES: You may submit your
comments by electronic mail (Email)
only on the proposed new product,
identified by ‘‘Proposed Enterprise New
Product; Comment Request ‘Freddie
Mac Single-Family Closed-End Second
Mortgages,’ (No. 2024–N–5),’’ by either
of the following methods:
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
A. FHFA’s Statutory and Regulatory
Authority
FHFA oversees the government
sponsored enterprises, the Federal
National Mortgage Association (Fannie
Mae) and the Federal Home Loan
Mortgage Corporation (Freddie Mac and,
together with Fannie Mae, the
Enterprises), to ensure that they operate
in a safe and sound manner, achieve the
purposes of the Federal Housing
Enterprises Financial Safety and
Soundness Act of 1992, as amended 1
(the Safety and Soundness Act), fulfill
their statutory charters,2 and comply
with other applicable laws.3
In recognition of the significant
impact that the activities of the
Enterprises have on the U.S. housing
finance system, market participants, and
the broader economy, section 1321 of
the Safety and Soundness Act requires
the FHFA Director to review new
Enterprise activities and to approve new
Enterprise products before these
activities and products are offered to the
1 12
U.S.C. 4501 et seq.
U.S.C. 1716 et seq. and 12 U.S.C. 1451 et seq.
3 Since 2008, FHFA has also acted as conservator
for each Enterprise.
2 12
E:\FR\FM\22APN1.SGM
22APN1
]]>Agencies
[Federal Register Volume 89, Number 78 (Monday, April 22, 2024)]
[Notices]
[Pages 29328-29329]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08493]
-----------------------------------------------------------------------
ENVIRONMENTAL PROTECTION AGENCY
[FRL-9542-06-OAR]
Information Regarding Allowances Used in Cross-State Air
Pollution Rule (CSAPR) Trading Programs
AGENCY: Environmental Protection Agency (EPA).
ACTION: Notice of data availability.
-----------------------------------------------------------------------
SUMMARY: The Environmental Protection Agency (EPA) is providing notice
of the availability of data on emission allowance allocations to
certain units under the Cross-State Air Pollution Rule (CSAPR) trading
programs. EPA has completed final calculations for the allocations of
allowances from the new unit set-asides (NUSAs) for the 2023 control
periods and has posted spreadsheets containing the calculations on
EPA's website. EPA has also completed calculations for allocations of
the remaining 2023 NUSA allowances to existing units and has posted
spreadsheets containing those calculations on EPA's website as well.
Additionally, EPA is making available an estimate of the data and
calculations to be used in the allowance bank recalibration process for
the 2024 control period under the CSAPR NOX Ozone Season
Group 3 Trading Program.
DATES: April 22, 2024.
FOR FURTHER INFORMATION CONTACT: Questions concerning this action
should be addressed to Garrett Powers at (202) 564-2300 or
[email protected] or Morgan Riedel at (202) 564-1144 or
[email protected].
SUPPLEMENTARY INFORMATION:
I. Allocations From New Unit Set-Asides
Under each CSAPR trading program where EPA is responsible for
determining emission allowance allocations, a portion of each state's
emissions budget for the program for each control period is reserved in
a NUSA (and, under most of the trading programs, in an additional
Indian country NUSA in the case of states with Indian country within
their borders) for allocation to certain units that would not otherwise
receive allowance allocations. The procedures for identifying the
eligible units for each control period and for allocating allowances
from the NUSAs and Indian country NUSAs to these units are set forth in
the CSAPR trading program regulations at 40 CFR 97.411(b) and 97.412
(NOX Annual), 97.511(b) and 97.512 (NOX Ozone
Season Group 1), 97.611(b) and 97.612 (SO2 Group 1),
97.711(b) and 97.712 (SO2 Group 2), 97.811(b) and 97.812
(NOX Ozone Season Group 2), and 97.1012 (NOX
Ozone Season Group 3). Each NUSA allowance allocation process involves
allocations to eligible units, termed ``new'' units, followed by the
allocation to ``existing'' units of any allowances not allocated to new
units.\1\
---------------------------------------------------------------------------
\1\ The CSAPR NOX Ozone Season Group 3 Trading
Program serves as the compliance mechanism for electricity
generating units under the Good Neighbor Plan (88 FR 36654, June 5,
2023). As of the date of signature of this notice, applications for
a stay of the Good Neighbor Plan are pending before the Supreme
Court of the United States. If a stay order is issued and depending
on its nature, it could affect EPA's ability to implement the
regulatory provisions of the CSAPR NOX Ozone Season Group
3 Trading Program that are described in this notice.
---------------------------------------------------------------------------
In a notice of data availability (NODA) published in the Federal
Register on March 1, 2024 (89 FR 15199), EPA provided notice of the
preliminary calculations of NUSA allowance allocations for the 2023
control periods and described the process for submitting any
objections. This NODA concerns the final NUSA allowance allocations.
In response to the March 1, 2024, NODA, EPA received a written
objection from Shell Chemical Appalachia LLC (ORIS 58933) stating that
the preliminary allocation of one CSAPR SO2 Group 1
allowance to unit 101 from the NUSA for West Virginia was incorrect and
that unit 101 should receive two allowances instead. EPA agrees and
accordingly has corrected the final NUSA allowance allocations for the
CSAPR SO2 Group 1 Trading Program to reflect a 1-ton
increase in the amount of NUSA allowances allocated to Shell Chemical
Appalachia LLC unit 101 and a corresponding 1-ton decrease in the
collective amount of NUSA allowances allocated to West Virginia's
``existing'' units. EPA received no other written objections, and all
other final allocations are unchanged from the preliminary allocations.
The detailed unit-by-unit data and final allowance allocation
calculations are set forth in Excel spreadsheets titled
``CSAPR_NUSA_2023_NOx_Annual_Final_Data_New_Units,''
``CSAPR_NUSA_2023_NOx_OS_Final_Data_New_Units,''
``CSAPR_NUSA_2023_SO2_Final_Data_New_Units,''
``CSAPR_NUSA_2023_NOx_Annual_Final_Data_Existing_Units,''
``CSAPR_NUSA_2023_NOx_OS_Final_Data_Existing_Units,'' and
``CSAPR_NUSA_2032_SO2_Final_Data_Existing_Units'', available
on EPA's website at www.epa.gov/Cross-State-Air-Pollution/csapr-compliance-year-2023-nusa-nodas.
EPA notes that an allocation or lack of allocation of allowances to
a given unit under a given CSAPR trading program does not constitute a
determination that the trading program
[[Page 29329]]
does or does not apply to the unit. EPA also notes that, under 40 CFR
97.411(c), 97.511(c), 97.611(c), 97.711(c), 97.811(c), 97.1011(c), and
97.1012(c), allocations are subject to potential correction if a unit
to which allowances have been allocated for a given control period is
not actually an affected unit as of the start of that control period.
II. Information for the Allowance Bank Recalibration Procedures
The CSAPR NOX Ozone Season Group 3 Trading Program
includes provisions calling for EPA to annually recalibrate the bank of
CSAPR NOX Ozone Season Group 3 allowances if the total
quantity of banked allowances from previous control periods held in all
facility and general accounts after compliance deductions for those
control periods exceeds an allowance bank ceiling target for the
current control period. The allowance bank recalibration procedures are
set forth in the trading program regulations at 40 CFR 97.1026(d).
Generally, if recalibration takes place for a given control period, the
amount of banked CSAPR NOX Ozone Season Group 3 allowances
from previous control periods held in each facility or general account
will be adjusted so that the amount of such banked allowances held in
the account after recalibration will equal the amount held in the
account immediately before recalibration multiplied by the allowance
bank ceiling target, divided by the total amount of such banked
allowances held in all facility and general accounts immediately before
recalibration, and rounded up to the nearest allowance. Allowance bank
recalibration for a given control period applies only to holdings of
banked allowances issued for previous control periods; it does not
affect any holdings of allowances issued for that control period. The
regulations call for EPA to carry out the allowance bank recalibration
procedures for the 2024 control period as soon as practicable on or
after August 1, 2024.\2\
---------------------------------------------------------------------------
\2\ See note 1, supra.
---------------------------------------------------------------------------
For the 2024 control period, the allowance bank ceiling target is
expected to be 12,605 tons, computed as 21% the sum of the 2024 state
emission budgets for the ten states currently covered by the trading
program. Based on the emissions and allowance data available at
campd.epa.gov as of the date of signature of this notice, EPA estimates
that after allowance deductions for 2023 compliance are completed in
June 2024, approximately 38,545 banked vintage 2021-2023 allowances
will be held in facility or general accounts (84,378 current allowance
holdings + 3,365 upcoming NUSA allocations-49,198 reported 2023 ozone
season emissions = 38,545 estimated remaining allowances). Based on
these figures, EPA expects that allowance bank recalibration will take
place for the 2024 control period and estimates that the amount of
banked vintage 2021-2023 allowances that will be held in each facility
or general account after recalibration will be the amount of such
banked allowances held in the account immediately before recalibration
multiplied by 12,605 and divided by 38,545 (or, equivalently, the
amount of such banked allowances held in the account immediately before
recalibration multiplied by approximately 33%). In the actual allowance
bank recalibration process, instead of using the estimated figures
described in this notice, EPA will use the most current information
available as of the recalibration date.
(Authority: 40 CFR 97.411(b), 97.511(b), 97.611(b), 97.711(b),
97.811(b), and 97.1012(a).)
Rona Birnbaum,
Director, Clean Air and Power Division, Office of Atmospheric
Protection, Office of Air and Radiation.
[FR Doc. 2024-08493 Filed 4-19-24; 8:45 am]
BILLING CODE 6560-50-P
