Sec. 41.06.195. Carbon storage capacity of a storage reservoir.

169 words·~1 min read·/ak/title-41/chapter-6/41-06-195

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(a)The commission may adopt a written policy establishing procedures and criteria that the commission will use to determine the carbon storage capacity of a storage reservoir, including for the purpose of enhanced oil or gas recovery.

(b)The purpose of determining the carbon storage capacity of a storage reservoir is to facilitate calculating the amount of stored carbon dioxide for matters including carbon credits, allowances, trading, emissions allocations, and offsets. The commission may charge a reasonable fee to a person requesting a capacity determination. The commission shall set the fee by regulation. The commission shall deposit fees received under this subsection in the carbon dioxide storage facility administrative fund established in AS 41.06.160 .

(c)In this section, “carbon storage capacity of a storage reservoir” means the maximum injected volume in a storage reservoir at which the pressure in the reservoir does not pose a risk to the integrity of the reservoir or its ability to maintain carbon storage.