15A NCAC 02D .2408. TRADING PROGRAM AND BANKING

(a)  EPA to administer. The United States Environmental Protection Agency (EPA) shall administer the allowance tracking system according to the procedures in:

(1)           40 CFR Part 96, Subpart FF and Subpart GG for nitrogen oxides;

(2)           40 CFR Part 96, Subpart FFF and Subpart GGG for sulfur dioxide; and

(3)           40 CFR Part 96, Subpart FFFF and Subpart GGGG for ozone season nitrogen oxides.

(b)  Compliance account. The owners and operators of each source covered under this Section shall have a compliance account in the EPA administered tracking system that satisfies the requirements of:

(1)           40 CFR 96.151 for nitrogen oxides,

(2)           40 CFR 96.251 for sulfur dioxides, and

(3)           40 CFR 96.351 for ozone season nitrogen oxides.

(c)  General account. Any person may apply to open a general account to hold and transfer allowances by using the procedures and meeting the requirements in:

(1)           40 CFR 96.151(b) for nitrogen oxides and may close that account using the procedures in 40 CFR 96.157,

(2)           40 CFR 96.251(b) for sulfur dioxides and may close that account using the procedures in 40 CFR 96.257, and

(3)           40 CFR 96.351(b) for ozone season nitrogen oxides and may close that account using the procedures in 40 CFR 96.357.

(d)  Allowance transfers.

(1)           Any person who has a compliance or general account established under 40 CFR 96.151 may transfer allowances using the procedures in 40 CFR 96.160.

(2)           Any person who has a compliance or general account established under 40 CFR 96.251 may transfer allowances using the procedures in 40 CFR 96.260.

(3)           Any person who has a compliance or general account established under 40 CFR 96.351 may transfer allowances using the procedures in 40 CFR 96.360.

(e)  Submittal of information. Persons with accounts shall submit information to EPA following the requirements of:

(1)           40 CFR 96.152 for nitrogen oxides,

(2)           40 CFR 96.252 for sulfur dioxides, and

(3)           40 CFR 96.352 for ozone season nitrogen oxides.

(f)  Banking. Any person who has a compliance account or a general account may bank allowances for future use or transfer under:

(1)           40 CFR 96.155 for nitrogen oxides,

(2)           40 CFR 96.255 for sulfur dioxides, and

(3)           40 CFR 96.355 for ozone season nitrogen oxides.

(g)  Appeal Procedures. The appeal procedures for decisions of the Administrator are set forth in

(1)           40 CFR 96.108 for nitrogen oxides,

(2)           40 CFR 96.208 for sulfur dioxides, and

(3)           40 CFR 96.308 for ozone season nitrogen oxides.

 

History Note:        Authority G.S. 143-215.3(a); 143-215.107(a)(5), (10);

Eff. July 1, 2006.