Pennsylvania Code
Title 52 - PUBLIC UTILITIES
Part I - Public Utility Commission
Subpart C - Fixed Service Utilities
Chapter 69 - GENERAL ORDERS, POLICY STATEMENTS AND GUIDELINES ON FIXED UTILITIES
CLEAN AIR ACT EMISSIONS ALLOWANCES
Section 69.292 - Definitions

The following words and terms, when used in § 69.291, this section and § § 69.293 and 69.294, have the following meanings, unless the context clearly indicates otherwise:

Allowance-An authorization, allocated to an affected utility by the Administrator of the United States Environmental Protection Agency or the Administrator's authorized representative to emit up to 1 ton of sulfur dioxide during a specified calendar year.

Allowance futures-The negotiation of agreements among parties for the sale and purchase of allowances sometime in the future.

Allowance options-A contract that conveys the right but not the obligation, to buy or sell allowances at a certain price for a limited time. Only the seller of the option is obligated to perform.

Allowance pool-An agreement by two or more utilities whereby the allocation of allowances is divided among the pool members.

Banked allowances-Allowances held in reserve for future use.

Below-the-line-Revenues and expenses that are not associated with utility operations and which are not used to establish rates.

Clean Air Act Compliance Plans-With regard to the 1990 Clean Air Act Amendments, this term refers to actions which a utility plans, prepared incompliance with 66 Pa.C.S. § 530 (relating to Clean Air Act implementation plans), to reduce SO2 emissions.

This section cited in 52 Pa. Code § 69.291 (relating to general).