here is justin mitchell. >> it aligns interests entirely between backers and prospects. a bet aeroprospect does, the better the backer does. >> reporter: six months after graduating, students start returning a negotiated percentage to investors. it varies like loan size and profession and can't exceed 10% of the student's income and the payments continue for ten years. >> the funding comes with no strings attached in terms of things the prospect must do. they can take whatever job they want and ideally that's what they will do, is follow the things they are interested in. >> reporter: the risk for investors they may not get all the money back, the reward, they could get more. the program is only a year more but estimates the return on these invest mments should be 5o 8% a year. it makes money through up front and annual servicing fees. paid funding 19 people. a sign it may take a crowd, not a village to get a student through college. for "nightly business report," i'm mary thompson. >>> the business world spent this past week figuring out who will replace steve balmer? n

. >> schoolcraft raising $20,000 using pave, a crowd funding platform co-founder justin mitchell says a person's potential and ideas, not a product or company. >> the funding comes with no strings attached in terms of things the roprospect must do. they can take whatever job they want. >> approved students pitch their stories to pave's pool of investors. pave estimates their annual return could be between 5% and 8%. here is how it works. six months after graduating, students start returning a negotiating percentage of their income to investors. the percentage varies depending on things like loan size and profession. it can't exceed 10% of the student's income and the payments will continue for ten years. while investors risk not getting all their money back, the upside is they may get a lot more. as for pave, it makes money through upfront and annual servicing fees. founded in 2012, pave's funded 19 people so far and about half of those are using money to pay for college. a sign it may take a crowd, not a village, to get a student through college. kelly, back to you. >> wow, mary, som

justin beeber. >> i'm more of a joanie mitchell fan. >> okay. commissioner mar? >> can you talk a little bit about the green tariff that pg & e is subsidizing the rate and it's competitive. can you talk about that? >> yes, the san francisco is that it supports the tariff to offer to customers. when we analyzed it however there are settlements that suggest that other rate pairs would be subsidizing that product in several ways. the settlement itself is not very clear about how the rate would be set. we argued that any bill supporting or any requiring tariff for california utilities should stand-alone just like the sf rate has to stand-alone in terms of requirement and cost. >> thank you. what's the bill number? >> i think there are several. we can get you some information about all of them. sure. >> sb 3 is one of them. there are three. i'm sorry. i'm sorry, there are three. >> okay. if there are no other comments or questions from the panel we can go to public comment on this item. this is item no. 5, i believe. so i don't have any cards. >> i was listening to a