Ill. Admin. Code tit. 35 § 225.325

Current through Register Vol. 48, No. 38, September 20, 2024

Section 225.325 - Trading Program

a) The CAIR SO₂ Trading Program is administered by USEPA. CAIR SO₂ allowances are issued as described by the definition for allocate in 40 CFR 96.202, as incorporated by reference in Section 225.140. The amount of CAIR SO₂ allowances to be credited to a CAIR SO₂ source's CAIR SO₂ Allowance Tracking System account for a CAIR SO₂ unit will be determined in accordance with 40 CFR 96.253, as incorporated by reference in Section 225.140.

b) A CAIR SO₂ allowance is a limited authorization to emit SO₂ during the calendar year for which the allowance is allocated or any calendar year thereafter pursuant to the CAIR SO₂ Trading Program as follows:

1) For one CAIR SO₂ allowance allocated for a control period in a year before 2010, one ton of SO₂, except as provided for in the compliance deductions pursuant to 40 CFR 96.254(b);

2) For one CAIR SO₂ allowance allocated for a control period in 2010 through 2014, 0.50 ton of SO₂, except as provided for in the compliance deductions pursuant to 40 CFR 96.254(b); and

3) For one CAIR SO₂ allowance allocated for a control period in 2015 or later, 0.35 ton of SO₂, except as provided for in the compliance deductions pursuant to 40 CFR 96.254(b).

Ill. Admin. Code tit. 35, § 225.325

Added at 31 Ill. Reg. 12864, effective August 31, 2007