; (I) the number of emission allowances surrendered to the Administrator each year by qualified electric facilities; (J) the number of emission allowances surrendered to the Administrator each year by qualified thermal facilities; and (K) the number of emission allowances surrendered to the Administrator each year by qualified cogeneration facilities. 727. Other program rules (a) Threshold review For each category of covered entities listed in section 701(5), the Administrator— (1) in 2025, and once every 5 years thereafter, shall review the threshold for electricity or useful thermal energy output production that is used to define covered entities in such category; and (2) may by rule lower such threshold after consideration of— (A) greenhouse gas emissions from covered entities in such category, and from other entities of the same type that produce less electricity or useful thermal energy output (including greenhouse gas emission sources that commence operation after the date of enactment of this title that are not covered entities); and (B) whether greater greenhouse gas emission reductions can be cost-effectively achieved by lowering the applicable threshold. (b) Designated representatives The regulations promulgated under section 729 shall require that each covered entity, and each entity holding an emission allowance or receiving an emission allowance from the Administrator under this title, submit to the Administrator a certificate of representation designating a designated representative. (c) Savings provision Nothing in this title shall be construed— (1) as requiring a change of any kind in any State law regulating electric utility rates and charges, or as affecting any State law regarding such State regulation, or as limiting State regulation (including any prudency review) under such a State law; (2) as modifying the Federal Power Act or as affecting the authority of the Federal Energy Regulatory Commission under that Act