and there are ongoing amendments to allow pcas to expand existing ccas or new ccas to expand to three counties, and it includes those amendments include some grandfathering provisions for existing like ourselves those amendments were passed. and how the amendments will be finally incorporated, and the application of those grandfathering provisions, to the clean power sf, are still to be understood so it is kind of a stay tuned message on that and it is not over yet and that concludes my report, and i am happy to take any questions. >> thank you. and thank you for your presentation. and your report. >> and just a question, on the work that is being done around cca, here, and includes us locally and the discussions with the clean energy and sonoma and the representatives from lafco can take part in the puc discussions with these entities. >> and i imagine so, and i am remiss of not mentioning that the members of your own staff and lafco staff were present and participated, thank you. >> okay, great, that is going to be mr. kelley the general manager is obviously going to be setting up t

finally i want to mention that pca create local jobs and that's something we're proud of. more than 1300 california jobs have been created through mce since we started service in 2010. i have some fliers with some in depth information about those jobs and union labor which has been a hot top he can and if you're interested, we can pass that out. we have 20 full-time employees at mce and we have venders and then we've been able to create jobs through energiy -- energy efficient program. they're creating and supporting jobs. so that's all about mce. and i'll be happy to turn it to the next speaker. >> what has been your experience with shell. >> we partnered with shell when we first offered service and that was in 2010. we did an rfe for our energy renewable supply. at that time our board made a decision we wouldn't launch and get a minimum of 25 percent of renewable energy and shell did that. our contract with them expired in 2017 which is the reason we've been on contracts for so many suppliers. to date, shell has been a good partner for us, but we understand that some peo

on pca, you know, it's a perfect know. but i will tell you as former chair of the entity that was responsible for resolving these failed institutions, having some type of statutorily prescribed process to reach the trigger point was extremely helpful to us. it is never a happy thing to close a bank. there's a lot of pressure from politicians, from stakeholders, you know, sometimes from regulators. the primary regulator, they don't want to own up to the fact that the bank is in trouble. so having some sort of statutorily prescribed process i thought was helpful. i don't think they were quite as hot as the numbers you are articulating but that's the problem when you does all the bank, my definition of times of market distress so you're not going to get very good pricing. i think something that could make pca work better is a better methodology around reserving and determining when you hit that 2% trigger point. examiners were saying perhaps month before we thought we got the 2%, that the capital had declined to that level. i

whether san francisco makes its own pca or joins in an existing program, the thing about the cca is it gives san francisco or any other community that chooses cca, a choosing its power supply. without cca, you have to hope that pg and e are going to make the choices in its power supply that you like and that you desire. well over ten megawatts and new renewables are in redevelopment or being built in marin county and the city of bridgeman. that wouldn't have been built if marin wasn't there. >> thank you for being here today. can i see jed, please. good to see you again, jed. thanks for coming here today. >> one day they're make these microphone [inaudible]. general manager, lots of agencies. thanks for the time. i really appreciate you having the hearing. it's really great to see that data in front of you folks and i echo commissioner veto and i would like to have this, but i would not like to move. i would like to have this here in san francisco where i've lived for 15 years and i don't want to leave. we've soon cleaner and cheaper power and we've seen folks starting with what's clea

and we have been in the site together for a decade or more, and from early partnerships on the first pca legislation to green gorillas against green rush and we have been fighting to make clean power a reality. and i know that clean power sf is important to all of us and it is imperative that this be number one on the agenda. and it is also important that lafco maintain gender diversity and san francisco is under represented by women of all levels of government, and as the activity haves spoken in support of clean power sf on the commission of the environment and the puc, cac, we published an open letter entitled stop the shell shock, more like stop pg and e bs. and this burns real action against climate change and the limits of corporate funded think tanks. and i'm not applying to it because i want to use it as a stepping stone for my next move, i am a policy wo nk and it is a independent agency and not to the board of supervisors or the mayor, it is an important agency, and it is a research powerhouse, they are doing the work, and paving the way for progressive legislation and i am fur

working with the general manager to further analyze the programs and include the clean power sf, and pca options and considerations in the power business plan. and the general manager is already actively attempting to meet further with morin and potentially with sonoma to dive deeper than they were able to at the hearing and so we are taking a deeper look at the proposals and not the proposals but the successes of the programs, that were implemented by morin and sonoma. and moving off of the workshop, and unless there are any questions on that? >> we are also continuing to assist in support lafco staff and their study of clean power sf, and working with their consultant, and that is another activity at the puc level. and then, moving to 3 b, the status update on the proceeding of the california puc. and i have reported numerous times on this. and it is the pg&e, activities to attempt

i think something that could make pca better is better methodologies around reserving and determining when you hit the 2% trigger point. i think banks, examiners were saying, you know, perhaps a month before we thought we got to that 2% that their capital had declined to that level. so i think there are ways to improve pca but i think you need some type of objective method that the, especially the closing entity like fdic can point to say, sorry, our hand are tied by statute. this institution has to be closed. longer you wait, that was certainly lesson of the s&l crisis. bankers say, your first loss is your best loss. when they're cookerred they're cooked you need to move ahead. on preemption we're going to disagree on that. i think in era of consumer protection preempting states their ability to protect their own citizens as a matter of policy is ill-advised. i do think, you're right, the occ did have an ability to repay, supervisory standard. wasn't clear how that was applied to the adjustable rate mortgages. i remember having very row put discussions about regulators whether you un

pca, it's a perfect no. i will tell you that the former chair that was responsible for solving these failed institutions, having some type of statutorily prescribed process to reach the trigger point was extremely awful to us. it is never happy, a thing, to close a bank. there's a lot of pressure from politicians, from stake holders, you know, sometimes from regulators. they don't want to own up to the fact. i thought it was helpful. i don't think it's quite as high, but that's the problem. by definition, you're in times of market distress so you're not going to get very good pricing. i think something that could make pca work bether is a better methodologies around reserving and determining when you hit that 2% trigger point. as we're saying, perhaps months before, we thought we got that 2%, that their capital had declined to that point. there are ways to improve pca, but i do think that you need some type of projected method, especially the closing that the fcc can point to and say sorry, our hands are tie

. >> on pca, it is a perfect no. the former chair of the entity that was responsible for the situations having some sort of process to reach the trigger point was extremely important to us. it is never a happy thing to close a bank. a lot of pressure from .oliticians, stakeholders they do not want to own up to the fact that bank is in trouble . the loss ratio were significant. by definition, you will not get very good pricing. something that could make dca work better is a better methodology determining when you hit that two percent trigger point. there are ways to improve pca, -- the longer you loss is yourfirst best loss. you need to move ahead. i'm preemption, we will just disagree on that. the consumer protection printing states.dates -- their the not think -- i do think sec did have an ability to repay supervisory standard, was not clear how that was applied to the adjustable-rate mortgages. i remember having discussions >> national banks funding these loans. i think the standards apply to mortgage origination.

. >>> and no one keeping pace with rory mcilroy at the pca championship. >>> all right. now to our other main story, ukraine - and the latest on the floating the flight mh17. international monitors are back at the wreckage site. >> russia and pro-russian separatists have been accused of destroying evidence. 298 people died when the airliner was shot down by a suspected missile fired from a rebel-held area. scott heidler reports from the screen in grabova. >> reporter: wild flowers mark the spot. some were placed by this woman - her son's house metres away from the debris of the 777. >> translation: it's sad for all the people. the pilot, the children. it's awful to see something like this happening in our country. >> after laying uncovered in the fields since the plane fell, emergency workers put the bodies in bags and lay them on the roadside. >> the fighters came down the hill to our location, and for the first time in 48 hours since the crash happened we have been told to get out the area because investigators are coming in. >> soon after we were moved back, the europ

pca is the manager of the financial analytics and is at the forefront of most banking and political questions and i won't say how many decades but i go back further than you that you are certainly at the front line. we also have the honorable share in bowles of the parliament who is the chair, i want to get this right for the chair of the influential economic and monetary affairs committee which is guiding the european parliament as it formulates consistent rules for the european union. so we are divided to have you all here. we are going to start with cam find and share it wasn't about the intermediation and we will end with the honorable, the right honorable sharon bowles who will give a perspective of what she is doing. cam? >> thank you. i wish i had that cool british accent. that will be neat once she gets up to speak in words like rubbish and stuff like that. [laughter] i want to thank the comptroller. happy birthday even though you were born in the civil war pitted and inauspicious occasion but nevertheless, wonderful job you and your staff are doing and i want to thank boston universi