Current through Register Vol. 54, No. 44, November 2, 2024
Section 145.404 - Auction notice(a) A notice of each CO2 allowance auction will be provided no later than 45 days prior to the date upon which the auction will be conducted.(b) In addition to the information specified under § 145.382(a) (relating to general requirements), the notice of a CO2 allowance auction will include the following: (1) The date, time and location of the CO2 allowance auction.(2) The format for the CO2 allowance auction.(3) The categories of bidders who will be eligible to bid.(4) The number and allocation years of Pennsylvania CO2 allowances to be auctioned.(5) The minimum reserve price.(6) All information regarding the CO2 cost containment reserve, required to be in the notice under § 145.382(a).(7) The procedures for conducting the CO2 allowance auction, including the required bid submission format and process, and information regarding financial settling of CO2 allowance payments.(8) All CO2 allowance auction participation requirements.(9) The amount and type of financial security required and instructions for submitting acceptable financial surety.(10) Participation limits, including bidding limits that may apply to an individual bidder or a group of related bidders.(11) Application instructions for applying to participate in the CO2 allowance auction.(12) Identification of a Pennsylvania auction contact person for further information.(13) Other pertinent rules or procedures of the auction as may be required to ensure a transparent, fair and competitive auction. This section cited in 25 Pa. Code § 145.302 (relating to definitions); 25 Pa. Code § 145.401 (relating to auction of CO2 allowances); 25 Pa. Code § 145.403 (relating to auction timing and CO2 allowance submission schedule); 25 Pa. Code § 145.405 (relating to auction participant requirements); 25 Pa. Code § 145.408 (relating to bid submittal requirements); and 25 Pa. Code § 145.409 (relating to approval of auction results).