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Mr. Himanshu Mehta <br /> 13 July 2007 <br /> Page 6 <br /> Task 3b consists of the following subtasks: <br /> • provide historic and current offset price trends as needed to SWDD to enable them to <br /> make decision on when to sell; and <br /> • sell offsets when directed by SWDD, pay transaction fees to CCX, deduct <br /> aggregator expenses and fees, and pay SWDD. <br /> Tasks 4and 5 : Emission Offsets Trading for 2009 and 2010 Offsets <br /> Tasks 4, and 5 consist of emission offsets trading for 2009 and 2010 offsets, <br /> respectively. The scope of services for these tasks is similar to the ones presented under <br /> Task 3 for emission offsets trading for 2008 . <br /> Optional Task 6 : Emission Offsets Trading for 2003 —mid 2007 Offsets <br /> As previously discussed the GCCS has been installed at the IRCL since 2003 and therefore <br /> SWDD could potentially qualify for trading the emission offsets from 2003 through mid 2007. <br /> However, it is known that the quarterly calibration of the flow meter required by CCX was not <br /> followed during this period. Also, it is very possible that the gas collection and flare systems <br /> were not fully operational in 2003 and 2004 for those years to qualify for offsets trading. The <br /> CCX Landfill Gas Subcommittee is currently looking into the possibility of allowing the use of <br /> an "as-found calibration curve approach" for past emissions offsets. If this outcome is <br /> successful, Geosyntee will perform Task 6 as outlined below. Task 6 is divided into two <br /> subtasks, Tasks 6a and 6b. Task 6a consists of mainly engineering services and Task 6b <br /> consists of trading activities in the CCX . <br /> Task 6a consists of the following activities: <br /> • review SWDD and County data such as fuel records to calculate annual carbon <br /> emissions from County-owned facilities; <br /> • perform calculations to quantify carbon emission reductions due to the operation of <br /> the GCCS from 2003 to mid 2007; <br /> • prepare report to present documentation and calculations of estimated emission offsets <br /> from 2003 to mid 2007; <br /> • coordinate with CCX and its approved independent verifier to arrange site visit and <br /> data review to certify the estimated emission offsets ; and <br /> • pay registration fees and register emission offsets at CCX (ten percent need to be <br /> retired after registration per current CCX rules) . <br /> IRC CCX Proposal.dm <br /> engineers I scientists I innovators <br />