. >> good afternoon commissioners, brad benson, directors here to present. this is going to be familiar to the commission. port staff presented a term sheet for this important transmission project back in november of 2012. we're back before you today with a revised term sheet and we've been negotiating with our partners represented here with jackson. and have some new public benefits to share associated with with this term sheet. i'm going to fly quickly through the presentation because you've heard it before but slow me down if you have questions or i can take questions at the end. >> you can't leave. we have no forum. sorry. >> pg and e maintains the transmission serving the city with the exception of the transbay cable. most of it coming up the peninsula. they have proposed a new 230 kv transmission line to provide redundant see to downtown san francisco. you remember there were rolling blackouts that affected downtown and we had reliable services for the cities and supervisors got involved and we're looking at a number of transmission upgrades to the cit