HB2376 – Adjusting the Climate Commitment Act’s provision of free allowances to municipal gas utilities.
Prime Sponsor – Representative Robertson (R; 31st District; Sumner) (Co-Sponsors Stokesbary, Dent, Ybarra, and Caldier – Rs)
Current status – Scheduled for a hearing in the House Committee on Energy & Environment at 1:30 PM on Monday January 22nd.
Next step would be – Action by the committee.
Legislative tracking page for the bill.

Summary –
The bill would have the free Climate Commitment Act allocations that municipal gas utilities receive to cover their emissions decline by 2% each year, rather than declining in proportion to the reductions in the cap needed to meet the State’s climate goals. It would increase the percentage of their free allowances they had to auction to provide rate reductions for customers by 2% a year, leaving the increases for other utilities at the current rate of 5% a year.

The bill would also authorize public entities subject to the CCA to go into executive session to discuss financial, proprietary, or other market sensitive information related to their participation in its markets. (The Act already exempts records about these, but it doesn’t exempt discussions of them.)