N.J. Admin. Code § 7:27C-11.13

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:27C-11.13 - Award of CO[2] allowances to winning bidders

(a) Following the approval of the results of a CO[2] allowance auction by the Department pursuant to N.J.A.C. 7:27C-11.12 and the settlement of financial transactions by a winning bidder, the Department will award CO[2] allowances to such winning bidder in a number equal to the number of CO[2] allowances represented in winning bids submitted by the bidder.

(b) The Department will allocate CO[2] allowances to the compliance account or general account identified in the qualification application of a winning bidder, in a number equal to the CO[2] allowances awarded to the bidder pursuant to (a) above.

Adopted by 51 N.J.R. 992(a), effective 6/17/2019