would mean a loss of $29 million this year if performance rnth standards are not met, according to the psclendennon says it's not about the money. >> this serves as a strong regulatory message that this has to be taken seriously. but many of our workers, our 15,000 employees live and breathe and work in the city of new york too. they use the facilities, they do too. for their own safety, and everyone's safety we want to make sure this doesn't happen. it's in everyone's interest to make sure we do a good job. >> utility companies receive a yearly evaluation. with emergency response leak management, con edison is the only utility company to improve in all areas. >> the viewer may say, look you guys are negligent, why is there gas leaking under our city? how dangerous is it? >> mostly we are called by people, they smell gas, usually it will be a type 1 leak. there are other types of elaboration that are minor -- leaks that are minor. the thousands of leaks that are currently in the system. >> why can't the utility company just fix it? is it that simple? >> no, it is not, it is a very complica

. >> are there any states though that have state laws that would prohibit the state psc or puc, whatever they call if in your state, to do that on an i.p. system? >> no, i'm not aware. there are other prohibitions. as you know, many states have undergone deregulation, but certainly the 911 core functions are carried out at state and local levels. >> mr. banks, let me ask you. i have a concern about us going to i.p. some of you all have mentioned this. obviously there's great innovation with it and there's other great innovations with it. i don't want to say it's all bad. it's not at all. we all know and our experience has been when a lot of people are on the internet sometimes it runs slower and we talked about the power, the need for, you know, electricity and if electricity goes out you lose your power. so, how do we resolve that with -- how do we resolve that in the 911 world or when there's emergencies or some crisis that too many people get on the system? how do we make sure as we go forward that we don't have that problem? >> there is always an issue around disasters when networks

. >> are there any states though that have state laws that would prohibit the state psc or puc, whatever they call if in your state, to do that on an i.p. system? >> no, i'm not aware. there are other prohibitions. as you know, many states have undergone deregulation, but certainly the 911 core functions are carried out at state and local levels. >> mr. banks, let me ask you. i have a concern about us going to i.p. some of you all have mentioned this. obviously there's great innovation with it and there's other great innovations with it. i don't want to say it's all bad. we all know and our experience has been when a lot of people are on the internet sometimes it runs slower and we talked about the power, the need for, you know, electricity and if electricity goes out you lose your power. so, how do we resolve that with -- how do we resolve that in the 911 world or when there's emergencies or some crisis that too many people get on the system? how do we make sure as we go forward that we don't have that problem? >> there is always an issue around disasters when networks can be overloaded