; and (2) in the case of thermal reporting entities that do not have such meters, or that have such meters but for which the Administrator determines that the values obtained by calculating useful thermal energy output under paragraph (1) are unreasonable, calculate useful thermal energy output based on the metered fuel use for a given quarter multiplied by the average conversion efficiency of fuel to useful thermal energy output in all other similarly situated facilities using the same fuel. 714. EIA and EPA reporting (a) In general Beginning with calendar year 2022, by the end of each month, the Administrator of the Energy Information Administration shall provide to the Administrator of the Environmental Protection Agency information on the total amount of electricity produced from qualified electric facilities during the previous month. (b) New qualified electric facilities The Administrator of the Environmental Protection Agency shall notify the Administrator of the Energy Information Administration whenever an electric facility with a rated capacity of less than 2 megawatts elects to be classified as a qualified electric facility or a qualified cogeneration facility under section 724. C Program Rules 721. Requirements (a) In general By 12:01 a.m. on April 1 of a calendar year, a covered entity shall surrender to the Administrator one emission allowance for each metric ton of carbon dioxide equivalent of a greenhouse gas emitted by the covered entity during the preceding calendar year. (b) Acquisition of emission allowances A covered entity shall acquire emission allowances as follows: (1) By receiving emission allowances as provided in section 722. (2) By purchase, exchange, or transfer under section 723. (c) Applicability The requirement of this part applies with respect to calendar year 2023 and subsequent calendar years. (d) Period of use An emission allowance may be used by a covered entity to comply with subsection (a) only for— (1) the calendar year in connection with which it is distributed under