Some California residential utility customers to see a “climate dividend” (Mercury News)

December 21, 2012 – Residential customers of the state’s three largest utilities will see a “climate dividend” on their utility bills in 2013 as the result of a proposal adopted Thursday by the California Public Utilities Commission. The automatic refund, expected to be $20 to $40 every six months, will automatically appear on consumer bills. The first credit should appear in July 2013. Last month, California launched its first auction of greenhouse gas emission permits, marking the nation’s first effort to put a price on carbon pollution. A ton of carbon sold for $10.09 at the auction, just slightly above the $10 floor price established by regulators, according to data released by the California Air Resources Board.

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