; and (B) to appropriate entities, the tracking of clean electricity credits. (5) Banking of clean electricity credits Clean electricity credits issued under subsection (d) shall be valid for the compliance period in which the clean electricity credit is issued or in any subsequent compliance period. (d) Issuance of clean electricity credits (1) In general For each calendar year, starting with the year of the program effective date, the Secretary shall issue clean electricity credits to each electricity generator in the United States that has sold electricity and has an annual carbon intensity of less than 0.825 metric tons per megawatt-hour. (2) Determination of credits issued The number of clean electricity credits issued under paragraph (1) shall be equal to the product of— (A) the number of megawatt-hours of electric energy sold from the electricity generator; and (B) 1.0 minus the quotient obtained by dividing— (i) the annual carbon intensity of the generator, as determined in accordance with paragraph (3), expressed in metric tons per megawatt-hour; by (ii) 0.82. (3) Determination of annual carbon intensity of generating facilities With respect to paragraph (2)(B)(i), the Secretary shall determine, in consultation with the Administrator of the Environmental Protection Agency, the annual carbon intensity of each generator by dividing— (A) the net annual carbon dioxide emissions of the generator