Carbon trading program; allocation of allowances, new facility.

Carbon trading program; allocation of allowances; new facility. Directs the State Air Pollution Control Board (the Board) to allocate allowances for three years to any electric power generating facility that was permitted prior to the June 26, 2019, effective date of the Board's carbon trading regulations. The bill requires an accounting comparison to actual emissions at the end of the three-year period and the allocation of further allowances pursuant to Board regulations thereafter.