250 R.I. Code R. 250-RICR-120-05-47.13

Current through December 26, 2024

Section 250-RICR-120-05-47.13 - Notice of Auction and Sale

47.13.1Notice of Auction

A. Notice of auctions shall be published on the central auction website or the Department's website, whichever is appropriate, no later than forty-five (45) days prior to the date upon which each auction may be conducted. Such Notices may be transmitted electronically to parties requesting such notification.

B. Each Notice shall provide a specific description of the auction format, including all auction participation requirements, and shall include, but not be limited to, the following information: the date, time and location and/or electronic address of the auction; the quantity of CO₂ allowances to be auctioned (by allocation year); the number of CO₂ CCR allowances that will be offered for sale at the auction if the condition of § 47.9(A) of this Part, is met; the CCR trigger price for the auction; the maximum number of CO₂ ECR allowances that may be withheld from sale at the auction if the condition of § 47.10(A) of this Part, is met; the ECR trigger price for the auction; the minimum reserve price for the auction; the amount and type of security required; any limits on the amount of CO₂ allowances any one bidder or group of bidders may purchase; the required bid format; information regarding settling and clearing of allowance payments; application instructions; other pertinent rules of the auction; and identification of a contact person for further information.

47.13.2Notice of Sale

A. Notice of sales shall be published on the Department's website no later than forty-five (45) days prior to the date upon which each sale may be conducted. Such Notices may be transmitted electronically to parties requesting such notification.

B. Each Notice will provide a specific description of the sale format, including all sale participation requirements, and shall include but not be limited to the following information: the date, time and location and/or electronic address of the sale; the quantity of CO₂ allowances to be offered for sale (by allocation year); amount and type of security required; the price of the CO₂ allowances; any limits on the amount of CO₂ allowances any one buyer or group of buyers may purchase; application instructions; other pertinent rules of the sale; and identification of a contact person for further information.

250 R.I. Code R. 250-RICR-120-05-47.13

Amended effective 12/25/2018