Current through Register Vol. 56, No. 24, December 18, 2024
(a) A calendar of anticipated auction dates
will be available on the CO[2] allowance auction website,
">www.rggi.org/auctions] www.rggi.org.
The calendar will indicate the auction format and the number of allowances and
allocation years of allowances to be auctioned at each auction. The calendar
may periodically be revised, including the anticipated dates of future
auctions, provided that the information relevant to the next scheduled CO[2]
allowance auction will be fixed NO[x] later than 45 calendar days prior to such
auction. The calendar will include the dates of at least the next four CO[2]
allowance auctions and may also include the anticipated number of allowances to
be auctioned at each future auction.
(b) A notice of each CO[2] allowance auction
will be provided on the CO[2] allowance auction website NO[x] later than 45
days prior to the date upon which the auction will be conducted and may be
transmitted electronically to parties requesting such notification, provided
they have submitted an e-mail address to the
New Jersey RGGI program contact person. The RGGI program
contact for each participating state, including New Jersey, is listed on the
RGGI website at www.rggi.org
(c) In addition to the information
specified at N.J.A.C. 7:27C-9.1(a), the notice of COallowance auction will
include, but not be limited to, the following:
1. The date, time, and location of the CO[2]
allowance auction, including the Internet address or electronic address for the
CO[2] allowance auction location, as applicable;
2. The format for the CO[2] allowance
auction;
3. The categories of
bidders who will be eligible to bid;
4. The number and allocation years of New
Jersey CO[2] allowances to be auctioned;
5. The minimum reserve price;
6. All information regarding the CO[2] cost
containment reserve, required to be in the notice pursuant to N.J.A.C.
7:27C-9.1(a);
7. The procedures for
conducting the CO[2] allowance auction, including the required bid submission
format and process, and information regarding financial settling of CO[2]
allowance payments;
8. All CO[2]
allowance auction participation requirements;
9. The amount and type of financial security
required and instructions for submitting acceptable financial surety;
10. Participation limits, such as bidding
limits that may apply to an individual bidder or a group of related
bidders;
11. Application
instructions for applying to participate in the COallowance auction;
12. Identification of a New Jersey auction
contact person for further information; and
13. Other pertinent rules or procedures of
the auction as may be required to ensure a transparent, fair, and competitive
auction.
