mr. krupp rancheria. >> the aspect of a caller would certainly promote upside protection on the cost of the customer. but fundamentally, even with the collar would still impose a second cause of customers we find would not be productive. and the reason for this is if a customer is going to spend a dollar we want that dollar to be spent on actually investing in infrastructure to reduce carbon emissions. the need to spend a second dollar to buy an allowance to get up to a cap does not seem productive or useful for us. so fundamentally we would want to stay. >> if you are worried about the consumer im as well. and we will measure our consumers are not hurt. mr. krupp, could you talk about that, about many of the other utilities to support the waxman-markey bill. and i understand it's probably dependent on their mix and so on. but some are very heavily coal, like duke energy, very strongly support of this. and so if you could talk about the collar, but the supreme court said carbon is covered under

. -- mr. krupp, if you could respond. >> mid-america is in a very unique position. they have made some business decisions of that, in retrospect, were bad decisions. they wholesale 30% of their electricity to the wholesale market under waxman marquee. the allocations follow the electrons. the allegations go to the people they're selling to, the customers. mr. way to protect the customers -- the best way to protect the customers is to have this for the benefit of their customers. midamerica reflects a number of decisions that they have made. certainly, the cap with no trade, that would be extraordinarily expensive to consumers. trading gives us the flexibility to hunt down the lowest cost options. it offers the flexibility to switch fuels, to open a new nuclear power plant, and in no trading makes one single utility responsible. they may not have the flexibility to do all of these other things. >> comment on collar idea. >> that is another word for a safety valve. the problem with a safety valve is that it busts in the integrity of the caps. we're not going to guaran