Trading Program

Section 225.325  Trading Program a)         The CAIR SO 2 Trading Program is administered by USEPA.  CAIR SO 2 allowances are issued as described by the definition for allocate in 40 CFR 96.202, as incorporated by reference in Section 225.140.  The amount of CAIR SO 2 allowances to be credited to a CAIR SO 2 source's CAIR SO 2 Allowance Tracking System account for a CAIR SO 2 unit will be determined in accordance with 40 CFR 96.253, as incorporated by reference in Section 225.140. b)         A CAIR SO 2 allowance is a limited authorization to emit SO 2 during the calendar year for which the allowance is allocated or any calendar year thereafter pursuant to the CAIR SO 2 Trading Program as follows: 1)         For one CAIR SO 2 allowance allocated for a control period in a year before 2010, one ton of SO 2 , except as provided for in the compliance deductions pursuant to 40 CFR 96.254(b); 2)         For one CAIR SO 2 allowance allocated for a control period in 2010 through 2014, 0.50 ton of SO 2 , except as provided for in the compliance deductions pursuant to 40 CFR 96.254(b); and 3)         For one CAIR SO 2 allowance allocated for a control period in 2015 or later, 0.35 ton of SO 2 , except as provided for in the compliance deductions pursuant to 40 CFR 96.254(b).