74.26—Allocation formula.
(a)
The Administrator will calculate the annual allowance allocation for a combustion source based on the data, corrected as necessary, under § 74.20 through § 74.25 as follows:
(1)
For combustion sources for which the current promulgated SO2 emissions limit under § 74.25 is greater than or equal to the current allowable SO2 emissions rate under § 74.24, the number of allowances allocated for each year equals:
(2)
For combustion sources for which the current promulgated SO2 emissions limit under § 74.25 is less than the current allowable SO2 emissions rate under § 74.24.
(i)
The number of allowances for each year ending prior to the effective date of the promulgated SO2 emissions limit equals:
(ii)
The number of allowances for the year that includes the effective date of the promulgated SO2 emissions limit and for each year thereafter equals: