Oregon Administrative Rules
Chapter 340 - DEPARTMENT OF ENVIRONMENTAL QUALITY
Division 271 - OREGON CLIMATE PROTECTION PROGRAM
Section 340-271-0830 - Holding Community Climate Investment Credits
Universal Citation: OR Admin Rules 340-271-0830
Current through Register Vol. 63, No. 3, March 1, 2024
(1) When DEQ distributes a CCI credit to a covered fuel supplier according to OAR 340-271-0820, the covered fuel supplier may continue to hold the CCI credit until any of the following apply:
(a) The covered fuel supplier uses the CCI
credit toward its demonstration of compliance according to OAR
340-271-0450;
(b) Two demonstration
of compliance deadlines described in OAR 340-271-0450(2) have passed since the
date DEQ provided written notice of its approval of the CCI credit to the
covered fuel suppler according to OAR 340-271-0820 and the covered fuel
supplier has not used the CCI credit in its demonstration(s) of compliance. In
such a case, DEQ will cancel the CCI credit. A cancelled CCI credit may not be
used toward demonstration of compliance; or
(c) The covered fuel supplier has ceased
being a covered fuel supplier according to OAR 340-271-0130. When a covered
fuel supplier ceases to be a covered fuel supplier, DEQ will cancel the CCI
credit at the time of such cessation. A cancelled CCI credit may not be used
toward any demonstration of compliance.
(2) Only a covered fuel supplier that receives a CCI credit from DEQ may hold the CCI credit. The covered fuel supplier may not trade the CCI credit.
Statutory/Other Authority: ORS 468.020, 468A.025 & 468A.040
Statutes/Other Implemented: ORS 468.020, 468A.025, 468A.040, 468.035, 468A.010, 468A.015 & 468A.045
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