Allocation formula.

(a) The Administrator will calculate the annual allowance allocation for a combustion source based on the data, corrected as necessary, under § 74.20 through § 74.25 as follows: (1) For combustion sources for which the current promulgated SO 2 emissions limit under § 74.25 is greater than or equal to the current allowable SO 2 emissions rate under § 74.24, the number of allowances allocated for each year equals: (2) For combustion sources for which the current promulgated SO 2 emissions limit under § 74.25 is less than the current allowable SO 2 emissions rate under § 74.24. (i) The number of allowances for each year ending prior to the effective date of the promulgated SO 2 emissions limit equals: (ii) The number of allowances for the year that includes the effective date of the promulgated SO 2 emissions limit and for each year thereafter equals: [60 FR 17115, Apr. 4, 1995, as amended at 63 FR 18841, Apr. 16, 1998]