Acid Rain Program: Allowance Tracking System

ENVIRONMENTAL PROTECTION AGENCY

[FRL-4845-2]

Acid Rain Program: Allowance Tracking System

AGENCY: Environmental Protection Agency.

ACTION: Notice of opening for business of the Allowance Tracking

System.

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SUMMARY: The Environmental Protection Agency is announcing the

commencement of operation of the Allowance Tracking System (ATS) on

March 14, 1994. As of that date, EPA will record transfers of

allowances between accounts in the ATS.

Subpart C of 40 CFR part 73 directs EPA to establish an allowance

tracking system for the allocation, transfer, and use of SO2

emissions allowances, as required by section 403(b) of the Clean Air

Act. Section 403(b) specifically provides that allowance transfers are

not effective, for purposes of compliance with the allowance holding

requirements of the Acid Rain Program, until EPA receives and records a

written certification of the transfer signed by a responsible official

of each party to the transfer (e.g., a completed Allowance Transfer

form). Subpart D of 40 CFR part 73 establishes the procedure by which

EPA will record transfers of allowances to and from accounts

established within the ATS.

An ATS unit account has been established for each utility unit that

was allocated allowances under 40 CFR 73.10 (58 FR 15634, March 23,

1993) and general accounts have been established for those who have

submitted an Allowance Account Information form. Allowances allocated

to each unit as well as any allowances that were purchased at the 1993

EPA allowance auctions have been assigned unique serial numbers and

placed in the appropriate unit and general accounts. ATS does not

currently contain any additional allowances to which a utility may be

entitled, such as those associated with Phase I compliance plans, the

Conservation and Renewable Energy Reserve, Early Reduction Credits, and

Phase I Extension. These additional allowances will be placed in the

appropriate ATS accounts later this year, when the next version of ATS

is completed.

All information in the ATS is publicly available. To receive

instructions on how to place an information request, call the Acid Rain

Hotline at the phone number listed below.

ADDRESSES: Any correspondence in this matter shall be sent to: U.S.

Environmental Protection Agency, Acid Rain Division (6204J), Attn:

Allowance Tracking System, 401 M Street, SW., Washington, DC 20460.

FOR FURTHER INFORMATION CONTACT: Janice K. Wagner, Chief, Allowance

Market Section, Acid Rain Division, (202) 233-9170 or by mail at the

address above. To obtain written materials describing ATS or any of the

forms mentioned above, call the Acid Rain Hotline at (202) 233-9620 and

leave a message in the allowance system voice mailbox.

Dated: February 24, 1994.

Janice K. Wagner,

Acting Director, Acid Rain Division, Office of Air and Radiation.

[FR Doc. 94-4924 Filed 3-2-94; 8:45 am]

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