In an argument for permit allocation, Duke Energy CEO Jim Rogers says:
"But in 25 states, more than 50 percent of the electricity comes from coal; of those 25 states, 21 of them are regulated. There's a reason they never went to deregulation -- because they had low prices."
Seems like a poor argument to me. The plan is to allocate more pollution permits to states creating the most pollution, and we want to do it because today they have the cheapest electricity around the country and it would somehow be unfair if the worst polluters didn't also have the cheapest electricity?
Having a history of getting something cheap, and doing an enormous amount of damage in the process, whether you knew it or not, does not translate into a right for future advantage.