The California Air Resources Board (CARB) has posted guidance and forms regarding the use of allowance allocations for the Cap-and-Trade Program in 2020. Allowances are allocated for leakage prevention and transition assistance through four primary methods, including:
- Direct distribution to covered entities for industrial assistance
- Direct distribution to electrical distribution utilities (EDU) on behalf of ratepayers
- Direct distribution to natural gas suppliers (NGS) on behalf of ratepayers
- Other types of allocation and limited exemptions
Recently posted guidance addresses the use of allocated allowance value reporting forms for EDU, NGS, and University and Public Service Facilities. Additionally, guidance is now available for EDU and NGS on allocated allowance value reporting, and acceptable GHG Benefits Estimation Tools. Recently posted forms include applications for Legacy Contract Transition Assistance, and Limited Exemption of Emissions from Qualified Thermal Output.
Interested parties can review the updated guidance and forms on CARB's website. For assistance with Cap-and-Trade Program compliance, please contact Trinity Consultants' Oakland office at 510.285.6351.