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I support your great idea for including a permit price floor
starting at $10/ton. Thank you for making such a wise decision. In
the transportation fuels sector, I also support the upstream point
of regulation and auctioning 100% of permits. In the industrial
sector, the free allocations are simply too much 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. Many of the
costs are going to be passed on to the ratepayers and they should
be treated as a serious player with financial considerations as
well. 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.

Sincerely,

Suzanne Beers
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