i'm here with ian harper. we've addressed most of this topic in prior meetings, but we would like to give you a quick update on our discounted rate recommendation and review some of the key material. so -- >> madam president. >> yes, commissioner. . >> possibly before they get started i would like to ask a series of questions very slowly because we have several notetakers on the line trying to write down the answers. i think i would set the plate for the further presentation and possibly need some redundancy. >> chair: okay because a lot of this presentation that we have before us is the same as in previous months. if you're okay with that, mr. hallmark, we can start with the questions and back into your presentation. >> we could do that if you like. i could just do this one slide that is new information. >> chair: if you do the one slide, then we can start with the commissioner's question. >> thank you. >> chair: please move forward, mr. hallmark. >> thank you. so in the prior discussions of the discount rate