§97.724. Compliance with CSAPR SO 2 Group 2 emissions limitation. — Inbound Citations

(i) 2 Group 2 Trading Programs. A State listed in paragraph (c)(1) of this section may adopt and include in a SIP revision, and the Administrator will approve, as correcting the deficiency in the SIP that is the basis for the CSAPR Federal Implementation Plan set forth in paragraphs (a), (c)(1), (g), and (h) of this section with regard to sources in the State and areas of Indian country within the borders of the State subject to the State's SIP authority, regulations that are substantively identical to the provisions of the CSAPR SO2 Group 2 Trading Program set forth in §§ 97.702 through 97.735 of this chapter, except that the SIP revision:

(iii) The decision on the deduction of CSAPR SO2 Group 2 allowances under § 97.724 or § 97.725 of this chapter.

(ii) For a bottoming-cycle unit, useful power not less than 45 percent of total energy input;

(1) Any CSAPR SO2 Group 2 unit that is permanently retired shall be exempt from § 97.706(b) and (c)(1), § 97.724, and §§ 97.730 through 97.735.

(b) A CSAPR SO2 Group 2 allowance transfer to or from a compliance account that is submitted for recordation after the allowance transfer deadline for a control period and that includes any CSAPR SO2 Group 2 allowances allocated or auctioned for any control period before such allowance transfer deadline will not be recorded until after the Administrator completes the deductions from such compliance account under § 97.724 for the control period immediately before such allowance transfer deadline.

(b) Any CSAPR SO2 Group 2 allowance that is held in a compliance account or a general account will remain in such account unless and until the CSAPR SO2 Group 2 allowance is deducted or transferred under § 97.711(c), § 97.723, § 97.724, § 97.725, § 97.727, or § 97.728 or paragraph (c) of this section.

(2) A new unit set-aside;

(c) 2 emissions requirements—(1) CSAPR SO2 Group 2 emissions limitation. (i) As of the allowance transfer deadline for a control period in a given year, the owners and operators of each CSAPR SO2 Group 2 source and each CSAPR SO2 Group 2 unit at the source shall hold, in the source's compliance account, CSAPR SO2 Group 2 allowances available for deduction for such control period under § 97.724(a) in an amount not less than the tons of total SO2 emissions for such control period from all CSAPR SO2 Group 2 units at the source.

(3) If the Administrator already recorded such CSAPR SO2 Group 2 allowances under § 97.721 and if the Administrator makes the determination under paragraph (c)(1) of this section before making deductions for the source that includes such recipient under § 97.724(b) for such control period, then the Administrator will deduct from the account in which such CSAPR SO2 Group 2 allowances were recorded an amount of CSAPR SO2 Group 2 allowances allocated for the same or a prior control period equal to the amount of such already recorded CSAPR SO2 Group 2 allowances. The authorized account representative shall ensure that there are sufficient CSAPR SO2 Group 2 allowances in such account for completion of the deduction.

(A) The owners and operators of the source and each CSAPR SO2 Group 2 unit at the source shall hold the CSAPR SO2 Group 2 allowances required for deduction under § 97.724(d); and