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Dear CARB,

Thank you for including a permit price floor starting at $10/ton in
the proposed Cap & Trade regulation.  I support the upstream point
of regulation and auctioning 100% of permits in the transportation
fuels sector. In the industrial sector, the free allocations are
excessive and should be reduced. In the electricity sector, the
final regulation should direct utilities to protect ratepayers by
returning allowance value directly to residential customers as a
rebate check. Finally, I urge you to follow your expert economic
panel’s recommendation that “The largest share (roughly 75%) of
allowance value should be returned to California households...” in
the form of a dividend check.

Thank you for moving this forward and implementing direct action to
reduce the immense impacts from global climate change.  Once again,
the world looks to California to lead the way!