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Credit for Early ReplacementsBased on the Regulation as of September 7, 2012

This credit applies only to a reduction in your Tier 0 hp from 1, 2006 to Mar 1, 2009. It is calculated as follows.

  1. Sum the Tier 0 hp you retired between Mar 1, 2006 to Mar 1, 2009.
  2. Sum the Tier 0 hp you purchased between Mar 1, 2006 to Mar 1, 2009.
  3. Calculate any credit from the "Credit for Early Reduced HP" and multiply that credit by two.
  4. Multiply your fleet hp on Mar 1, 2006, Mar 1, 2007, Mar 1, 2008, and Mar 1, 2009 by 0.08. Sum the results.
  5. Subtract #2 from #1.
  6. Add #3 and #5.
  7. Subtract #4 from #6. If the result is positive this is the amount of your credit.

The credit can be applied only to large fleet Jan 1, 2014 BACT obligation. It would require reporting fleet data for Mar 1, 2006, Mar 1, 2007, Mar 1, 2008 and Mar 1, 2009.