Outline of Transport Rule Revisions for Program Implementation
III. Specific Revisions
      A. Budgets/New Unit Set-aside Revisions
         * Of approximately 3,600 units in the Transport Rule EGU inventory, proposal would revise control assumptions at only about a dozen units, based on updated information about planned controls.
         * Proposal includes re-calculation of new unit set-asides in a couple of states to account for new facilities coming online, to ensure allowance availability to new units
         * Proposal also considers new information provided by utilities and system operators regarding immediate-term operational constraints that drive out-of-merit-order dispatch of certain units, whose emissions would affect the calculation of Transport Rule state budgets
         * Results in revisions to budgets in FL, LA, MI, MS, NE, NJ, NY, TX, and WI, and revisions to new unit set-asides in AR and TX
B. Allowance Allocation Revisions to Units Covered by Existing Utility Consent Decrees
         * Proposal aligns allocations to units under consent decrees to match their maximum allowable emissions, which ensures that all other allowances under that state budget remain available to other sources
C. Amend the Assurance Penalty Provisions to Make Them Effective Starting in 2014
         * Starting the assurance provisions in 2014 will help promote the pace of robust allowance market development and will encourage trading to go forward immediately for reductions in the 2012-2013 timeframe
         * Smoothes transition from CAIR to Transport Rule programs 
D. Correct Typographical Errors
         * These edits are cosmetic corrections.
IV. Recordation of Transport Rule Allowances

         * EPA will record 99.7% of allowances from final Transport Rule on schedule for program implementation and promotion of markets; the other 0.3%, plus any new allowances resulting from the proposed revisions, will be recorded promptly after issuance of the final revisions rule.
