i wanted to point out that ralph iso, chairman and ceo of the new jersey-based energy company will betestifying on today's second panel and under ralph's leadership, pfc has been a leader throughout the state of new jersey. today the committee will address policy proposals for transmission planning, cost allocation and citing authority. a strong transmission grid is essential to ensure energy liability and to remove clean, renewable energy from remote locations. i think we can all agree that planning and investing in the reliable grid is a national priority. that said, we need to be careful how we craft any new traps mission policy. two main areas of concern to the northeast and specifically for new jersey or how to cite new transmission lines and how to pay for those new lines. it's critical that states like new jersey have authority over the citing of new transmission lines giving far greater authority to cite high-voltage transmission lines will generate widespread local opposition. it must give states adequate authority over siding to ensure they can protect the environment and cu

iso think we have a unique set of characters in washington that make it is more possible. the president has assembled an amazing team beginning with senator tom daschle and his assistant gt lambrew to have health care reform this and peter orszag has studied health care at the cbo issued report after report and understands the problems that larry summers the national economic coordinator also understand his most important academic paper is on health care and finally my brother who understands how to get things through. [laughter] but i did not say that about him. and but congress senator baucus and senator kennedy our committee chairman of the finance and house committee really want to get something done and we have had not have that combination and on the house side there are many powerful and smart people committed to healthcare reform henry waxman is among one of the leaders that is a unique combination of talent that want to get something done and they understand the problems and what is doable and i think we have a chance to really have a difference and put ourselves

regional planning and cost allocation effort for developing electrical transmission over the midwest iso region which includes 13 states and one canadian province. prior to her appointment to the wisconsin psc, commissioner naz ar worked as an attorney and practiced extensively in the areas of electric and water utilities representing rate payers and utilities. she helped to create the first stand alone transmission company, otherwise known as atc and helped to cite a 210 mile extra high voltage line in wisconsin and minnesota. in addition to all of these credentials, i can also tell you what she eats for breakfast and grow in her vegetable garden because as you all know she is also my partner. i welcome her to our subcommittee. >> thank you, congresswoman. >> we welcome you and whenever you're ready, please begin. >> thank you, ranking member upton, and the members of the subcommittee, thanks for inviting me to appear at this hearing on the future of the grid, and my primary messages for today are number one, before a transmission grid can be cost effectively planned, congress must defi

i will say that in following up the comment on the rto and iso regions and they vary a bit as well butthe opportunities to participate in the stake holder process with some of the other stake holders for our members leaves a lot to be desire, i'll say that. then i would just lastly mention the benefits that i mentioned in my testimony about joint ownership and if there are opportunities, equal opportunities for folks and american transmission company is a good example of this, where an opportunity for broad and joint ownership by multiple entities provides planning and other benefits as well. >> okay. mr. jost? >> i might just pick up on something mr. miller said. i think ferc's incentive policies have created a situation where not only independent transmission companies but integrated utilities that hold distribution transmission and generation favor investment in transmission for solutions to the problems, even if they are not the most optimum solution because frankly the rates of return are higher and the level of risk are significantly lower than other kinds of investments. that mi

could be a mainstream media model where it is directly the internet, it could be the equivalent of an iso newsletter that just covers one aspect of american government. a could be -- it doesn't have to be, but the thing that will make it consistent is whoever is working for what ever remark there will be paid and will be paid enough to make it worthwhile and paid enough to bring people into the profession who can do the job and until that model is restored and people are paid, i don't see -- as bad a job we have done over the next 10 years watch what happens without us. >> someone asks, assuming that you would, how to propose greater stakeholder involvement in improving journalism? >> i would have to ask what is stakeholder is. >> my guess is someone who is a consumer of news which is just about everybody. >> in no, this is going to sound really wrong, but i never really cared about what the readers thought. i am a worse marketing guy in the world. they used to tell me that the readers on shorter stories, the readers want really localize news, the readers want this, the readers want that,

major investor in a company called tivo, a new comp me which turned biomass such as sugarcane into iso- butanol which also i believe could be answer for aircraft and formula one cars alike. we have been watching with keen interest in the obama administration's focus on green economic recovery, but we need governments over the world to support for the next generation of biofuels as part of the economic regeneration efforts. i have been a big believer in innovation throughout my life, and some of the work that is going on right now as a renewable fuel feedstock and converting biomass waste into fuels that need to restrict wire meant is already impressive. government support for these efforts is a sensual and will help to make sure that airlines can play their crucial role in maintaining this is an cultural links between countries, simulating economic development, and flying our way out of this recession. sustainable aviation is the only way forward over the next 25 years. that means on environmental issues as well as competitive issues, the industry can only thrive with airlines competin

regional planning and cost allocation effort for developing electrical transmission over the midwest iso region which includes 13 states and one