1. (a) The department shall open and manage a set-aside account for emergencies for each calendar year.
2. (b) As required by RSA 125-O:22, VI, the department shall reserve one percent of the annual budget allowances in the emergency set-aside account.
3. (c) The department shall make budget allowances available in accordance with RSA 125-O:22, VI and this section to CO2 budget sources in periods of operation during which an Operating Procedure 4 capacity deficiency alert, as established by the Independent System Operator of New England, is in force.
4. (d) As directed by RSA 125-O:22, VI, the department shall directly sell the reserved emergency allowances to affected CO2 sources at the most recent regional auction clearing price upon request of the CO2 budget source.
5. (e) As directed by RSA 125-O:22, VI, those allowances reserved in the emergency set-aside account but not sold in a given year shall be auctioned the following calendar year.

Source. #10468, eff 1-1-14 (from Env-A 4606.08); ss by #12967, eff 1-1-20 (from Env-A 4606.12)