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Regulation No. 1147, "Regional Greenhouse Gas Initiative to
Address Carbon Dioxide Emissions from Electric Generating Units”
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Introduction
 This new regulation will create Delaware's portion of a multi-state Carbon Dioxide (CO2) cap-and trade program. The cap-and-trade program was developed by the Regional Greenhouse Gas Initiative, or RGGI, which is a cooperative effort among a number of Northeastern and Mid-Atlantic States. The RGGI Memorandum of Understanding (MOU) was originally signed by Connecticut, Delaware, Maine, New Hampshire, New Jersey, New York and Vermont and subsequently by Maryland, Massachusetts, and Rhode Island. The purpose of RGGI is to reduce the emissions of CO2 from EGUs. CO2 is a greenhouse gas that contributes to global warming.
Between 2009 and 2015 the emissions of CO2 from any EGU with a maximum rated heat input capacity of equal to or greater than 25 megawatts that is located in a RGGI state would be stabalized at current levels (approximately 7.5 million tons). After 2015 the carbon dioxide emissions would be reduced incrementally to achieve a 10 percent reduction by 2019. Under the cap-and-trade program one allowance will be issued for each ton of CO2 emissions allowed by the cap. Each subject EGU will be required to have enough allowances to cover its reported emissions for the 3-year control period. The EGUs may buy or sell allowances, but individual EGU emissions shall not exceed the amount of allowances it possesses. The total amount of the allowances will be equal to the emissions cap for the RGGI states.
Path Forward
Delaware’s anticipated schedule for adopting Regulation No. 1147 is:
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Start Action Notice Approved - Complete
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RGGI Workgroup Meetings
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February 27, 2008
March 26, 2008 RESCHEDULED – March 19, 2008-
April 30, 2008 RESCHEDULED – April 30, 2008
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May 28, 2008 RESCHEDULED – May 21, 2008
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June 18, 2008
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Draft Regulatory Language Available - May 2008
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Public Workshops - June 2008
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Public Hearings - October 2008
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Planned Effective Date - December 2008
RGGI Workgroup
RGGI Workgroup & Public Comments
REGULATORY INFORMATION
Public Hearing - September 22, 2008 
Public Workshop - August 7, 2008
RGGI Workgroup Meetings
Meeting #5
June 18, 2008 (1 pm – 3 pm)
Priscilla Building Conference Room
156 S. State Street, Dover DE
Map & Driving Directions to the Priscilla Building Office
Meeting #4
May 21, 2008** (1 – 3 pm) **This meeting has been rescheduled from May 28, 2008.
Grantham Conference Room
715 Grantham Lane, New Castle DE
Map & Driving Directions to the Grantham Office
Meeting #3
April 16, 2008** (1 – 3 pm) **This meeting has been rescheduled from April 30, 2008.
Grantham Conference Room
715 Grantham Lane, New Castle DE
Map & Driving Directions to the Grantham Office
Meeting #2
March 19, 2008 ** (1 – 3 pm) **This meeting has been rescheduled from March 26, 2008.
Conference Room, Priscilla Building
156 S. State Street Dover DE
Map & Driving Directions to the Priscilla Bldg
Meeting #1
February 27, 2008 (1 – 3 pm)
Conference Room A, Lukens Building
391 Lukens Drive New Castle DE
Map & Driving Directions to the Lukens Bldg
RGGI Model Rule
Start Action Notice
REFERENCE INFORMATION
- Regional Greenhouse Gas Initiative Web site
- Regional Greenhouse Gas Initiative Memorandum of Understanding, December 20, 2005
- Regional Greenhouse Gas Initiative Amendment to Memorandum of Understanding, August 31, 2006
- Regional Greenhouse Gas Initiative Second Amendment to Memorandum of Understanding, May 1, 2007
- Regional Greenhouse Gas Initiative Model Rule, January 5, 2007
- Potential Emissions Leakage and the Regional Greenhouse Gas Initiative (RGGI): Evaluating Market Dynamics, Monitoring Options, and Possible Mitigation Mechanisms, dated March 14, 2007
- Trade-Offs in Allocating Allowances for CO2 Emissions, Congressional Budget Office, April 25, 2007
- Regional Incentives To Reduce Greenhouse Gases: The Crucial Importance Of Auctioning Permits For Jobs, Competitiveness, and Equity, J. Andrew Hoerner, September 2004
- U.S. EPA Climate Change Web site
- Delaware Climate Change Action Plan, University of Delaware Center for Energy and Environmental Policy, January 2002
- Intergovernmental Panel on Climate Change Web site
- World Health Organization Global Environmental Change Web site
- Governor Minner and Six Other Governors Announce Agreement on Regional Greenhouse Gas Initiative, December 20, 2005
- Emissions Trading in the U.S. Experience, Lessons, and Considerations for Greenhouse Gases, Ellerman et al, May 2003
- Life-Cycle Energy Cost and Greenhouse Gas Emissions for Gas Turbine Power, Energy Center of Wisconsin, December 2000
- Greenhouse Gas Reductions: California Action and the Regional Greenhouse Gas Initiative, Congressional Research Service, updated August 31, 2007
- Evaluation of Impact of Regional Greenhouse Gas Initiative CO2 Cap on the New England Power System, ISO New England Inc. October 26, 2006
- Allocation of CO2 Emissions Allowances in the Regional Greenhouse Gas Cap-and-Trade Program, Resources for the Future, June 2006
- Economic Impact in New Hampshire of the Regional Greenhouse Gas Initiative (RGGI): An Independent Assessment, University of New Hampshire, October 2007
- The Adverse Economic Impacts of Cap-and-Trade Regulations, Laffer and Winegarden, September 2007
- U.S. Supreme Court ruling, Massachusetts et al v. Environmental Protection Agency et al.
- Memorandum, Initial Report on Potential Emissions Leakage, March 14, 2007
- RGGI States’ First CO2 Auction Off to a Strong Start, September 29, 2008
For information regarding Regulation No. 1147 in Delaware contact:
Valerie Gray
156 South State Street
Dover, Delaware 19901
(302) 739-9402
FAX: (302) 739-3106
E-mail: valerie.gray@state.de.us |
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