Current through Register Vol. 54, No. 45, November 9, 2024
Section 145.358 - Closing of general accounts(a) The CO2 authorized account representative of a general account may instruct the Department or its agent to close the account by submitting a statement requesting deletion of the account from COATS and by correctly submitting for recordation under § 145.361 (relating to submission of CO2 allowance transfers) a CO2 allowance transfer of all CO2 allowances in the account to one or more other COATS account.(b) If a general account shows no activity for 1 year or more and does not contain any CO2 allowances, the Department or its agent may notify the CO2 authorized account representative for the account that the account will be closed in COATS following 30 business days after the notice is sent. The Department or its agent will close the account after the 30-day period unless before the end of the 30-day period the Department or its agent receives a correctly submitted transfer of CO2 allowances into the account under § 145.361 or a statement submitted by the CO2 authorized account representative requesting that the account should not be closed. The Department or its agent will have sole discretion to determine if the owner or operator of the unit demonstrated that the account should not be closed. This section cited in 25 Pa. Code § 145.302 (relating to definitions); 25 Pa. Code § 145.306 (relating to standard requirements); and 25 Pa. Code § 145.355 (relating to compliance).