>> don weiss, interim director of the marin energy authority. we began serving customers in may of this year after many years of study and investigation and preparation. we are now serving approximately 9500 customers. we consider that to be our phase 1 rollout, about 20% of the load in our jurisdiction. we will be rolling out phase two over the next year or so -- we are targeting january 2012. i will be our remaining 70,000 customers. since our launch, we have also been able to get some programs off the ground which were a part of our original vision. first of all, we had developed and adopted a net energy metering carrot which allowed customers to be paid for any access to energy they produced at their own place of business, residents, beyond what they use. we are allowing customers to roll their credit over month by month, year by year, and we are allowing customers to cash out if they generate more than they used. that option is not available currently through pg&e. we are excited about the way that this is producing local generation. we pay

started and marin found it was critical because in the beginning marin -- and this was described by don weiss, their interim director when she was presented before you last month -- they had no -- they had no track record of revenues from customers. and so they need to have the more established entity in the form of the government in marin step up and provide those guarantees. and the exciting news is that marin was now since may able to demonstrate with the prack record of -- track record of revenues, use that futechull stream as collateral and was able to refinance the loans. so was able to take the governments of marin off the hook there. some of the costs in the marin contract such as price of renewables were not guaranteed at the signing of the contract but marin was able to work with shell to bring renewables in at a price that worked for their initial phase. and one of the ways we expected a similar thing there, there also was no development of new resources as part of the initial contract with ha marin. but marin had a close and it's one we have spoken to here before and will be key f