New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 27C - CO[2] BUDGET TRADING PROGRAM
Subchapter 5 - CO[2] ALLOWANCE ALLOCATIONS
Section 7:27C-5.4 - Distribution of COallowances in the consumer benefit account

Universal Citation: NJ Admin Code 7:27C-5.4

Current through Register Vol. 56, No. 24, December 18, 2024

(a) The Department will make all CO[2] allowances for an allocation year that are held in the consumer benefit account for that allocation year available for purchase or auction by NO[x] later than the December 31 of the calendar year that corresponds to that allocation year.

(b) Except for those CO[2] allowances available to adjust the compliance obligation of a cogeneration unit pursuant to N.J.A.C. 7:27C-5.3 or for direct sale pursuant to N.J.A.C. 7:27C-5.5 to a CO[2] authorized account representative for a certified dispatch agreement facility, the Department will make all CO[2] allowances for a respective allocation year that are held in the consumer benefit account available for sale through an auction administered by the Department or on its behalf, pursuant to N.J.A.C. 7:27C-11.

(c) The Department may retire undistributed or unsold CO[2] allowances at the end of each control period, including the initial control period, including allowances representing adjustments to the compliance obligations of cogeneration facilities as provided at N.J.A.C. 7:27C-5.3.

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