ferc hadays of enron, ir 10 people. we have a division of analytics that we just put into place, and at the people that really dig into all the data and can look for patterns and look for things going on that are anomalies so that we can delve into what's going on in the markets and discover people trying to do things that would throw the market out of whack and into a tailspin. we don't want to do that. we want people to have confidence in the markets. we want to assure the markets are fair and open and transparent. if we can do that, we can expand markets. by doing that, we can ensure efficiency and lower costs for consumers. host: jon wellinghoff is the chairman of first. -- of ferc. the baltimore sun calls him the nation's electricity cop. if you would like to call -- how is the commission paid for? by fees, are paid for not out of the federal budget. it is paid for by fees on users. all the wholesale users of the system pay fees into the system. that constitutes our budget. we have a $300 million per year budget, a

in the days of enron, ferc had 10 people. and we have a division of nalytics that we just put into place, and at the people that really dig into all the data and can look for patterns and look for things going on that are anomalies so that we can delve into what's going on in the markets and discover people trying to do things that would throw the market out of whack and into a tailspin. we don't want to do that. we want people to have confidence in the markets. we want to assure the markets are fair and open and transparent. if we can do that, we can expand markets. by doing that, we can ensure efficiency and lower costs for consumers. host: jon wellinghoff is the chairman of first. -- of ferc. the baltimore sun calls him the ation's electricity cop. how is the commission paid for? guest: we are paid for by fees, not out of the federal budget. it is paid for by fees on users. all the wholesale users of the system pay fees into the system. that constitutes our budget. we have a $300 million per year budget, although i will sa

you go fore we let before today did you know much about ferc? does?ou followed what it caller: no, not really. in st want to say that i'm eastern connecticut and my electrical rates, when i asked is, they at the bill are pretty reasonable. cl and p and we constantly get calls from people wanting us to switch but i don't switch because i already know that game. who areif we had people in charge of overlooking these are cular industries who reign to rein in these individuals who are trying americans constantly. if we had people like john with demeanor, the country would be a lot better off. thank you. very kind of you, russ. thank you. there are a lot of dedicated employees and i think it is important that we do have role.ment in a proper i think markets are great and we need to expand them as much as possible. but that doesn't mean we deregulate them and government goes away. a cop on the ve beat to make sure the markets are fair for consumers. host: we look at news stories like politico reporting that you announced your resignation and plan to step do

ferc of this year, 46%. more than double. not only that, this is a turbo charge story. expected to pose 300%. they should be turning a profit. the stock exploded higher after tear lab reported on may 13th. the company booked 388 ore itself analysts expect 234. management told us they had tripled their manufacturing class. the company is ramping up their sales force, too. i still think we're in the early innings of tear lab's growth story. they have a game changing eye device for the eye business. there is nothing else out there like it. at the moment a couple analysts have the stock. as it rises, it should attract wall street promotion machine, which will send it higher still. that's how these tiny speculative growth stocks expect to work. in 12 months, i can see it up 43% from where it is now. never forget tear lab is for speculation only. you only use limit orders. when you buy, you don't put too much money in relative to the rest of your portfolio. it means you don't pay up at these levels. the market is coming down. the stock is a nickel and dime away from the 52-we

the only item i would you that carries on in that that we saw in the ferc was ethane rejection. we think we will be an ethane rejection based on the current view of natural gas liquid prices. that's why we adjusted our overall guidance down slightly. but even though we did that, we still see our ability to pay our distribution at $290 currently watt the behrend transaction. when we close the bary transaction, which we think will be the first quarter or first week in july. you know, we talked about how creative that transaction is. we'll see a significant improvement in terms of cash flow generation. we still feel good about our equipment of the increase of about 6.2% consistent with a therk. with that distribution incareer, we're still forecasting coverage of around 1.o7 in the second half of the year. >> one question, what does your company do? first one devastating, a major firm questioning your accounting. you know, you can't spend all your life trying to defend, seeking out articles that are negative. someone has it in for you. so what does a company do? i'm being philosophi