N.H. Code Admin. R. Env-A 4606.11

Current through Register No. 25, June 20, 2024

Section Env-A 4606.11 - Emergency Set-Aside Allocation

(a) The department shall open and manage a set-aside account for emergencies for each calendar year.

(b) As required by RSA 125-O:22, VI, the department shall reserve one percent of the annual budget allowances in the emergency set-aside account.

(c) The department shall make budget allowances available in accordance with RSA 125-O:22, VI and this section to CO₂ budget sources in periods of operation during which an Operating Procedure 4 capacity deficiency alert, as established by the Independent System Operator of New England, is in force.

(d) As directed by RSA 125-O:22, VI, the department shall directly sell the reserved emergency allowances to affected CO₂ sources at the most recent regional auction clearing price upon request of the CO₂ budget source.

(e) As directed by RSA 125-O:22, VI, those allowances reserved in the emergency set-aside account but not sold in a given year shall be auctioned the following calendar year.

N.H. Code Admin. R. Env-A 4606.11

#10468, eff 1-1-14 (from Env-A 4606.08)

Amended by Volume XL Number 2, Filed January 9, 2020, Proposed by #12967, Effective 1/1/2020, Expires 1/1/2030.