CCA Co. VII, L.L.C. Settlement
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CCA Co. VII, L.L.C. Settles For $400,000
In December 2024, the California Air Resources Board (CARB) reached a settlement with CCA Co. VII, L.L.C., a General Market Participant, for failing to comply with regulatory requirements of the California Cap on Greenhouse Gas Emissions and Market-Based Complaince Mechanisms Regulation (California Cap and Trade Regulation), as codified in California Code of Regulations, title 17, section 95801 et seq.
Specifically, each registered entity is required to abide by all requirements of the California Cap and Trade Regulation, including management of its account holdings to remain at or below the applicable holding limit pursuant to section 95920(a) of the Regulation. CCA Co. VII, L.L.C. failed to manage its account holdings to remain at or below the applicable holding limit share.
To settle the case, CCA Co. VII, L.L.C. agreed to the settlement amount of $400,000. This amount will be deposited into CARB’s Air Pollution Control Fund, which provides funding for projects and research to improve California’s air quality. CCA Co. VII, L.L.C. agrees to comply with CARB regulations moving forward.