Climate: NARUC's Morgan discusses role of state PUCs in carbon credit allocation

As the House Energy and Commerce Committee begins holding hearings on the Waxman-Markey climate and energy discussion draft this week, one issue that will be debated is the allocation of emissions credits. During today's OnPoint, Richard Morgan, a commissioner of the District of Columbia Public Service Commission and leader of the National Association of Regulatory Utility Commissioners' Task Force on Climate, explains why he believes local regulated utilities should be allocated emissions credits from a cap-and-trade program. He discusses the role state public utility commissioners can play, and addresses how Congress can find the balance between auction and allocation.