liz: why don't you have solar city providing the electricity? reason we don't have sew lore power right now is that tesla is not yet a good enough credit. [laughter] i know that sounds ridiculous. i think at some point next year, i'm confident we'll have that in tesla. liz: two employees doing something like this today, the fiscal cliff, you know, maybe that's the reason there was not as much interest. do you see like that or perhaps why you had to cup the price cup, 15 range to $8. >> i personally thing it's overblown. i don't think it's the reason why we had to take the reduction in the price. it's purely just before the fact that everybody's been built so badly with anything associated with solar, and it is -- liz: solyndra all the other problems. >> general manufacturing publicly traded companies. every time they made the bet, and they've lost, the last three years, and then you go to them again saying this time it's a different bet. no, this is the right bet. they want to make sure it's the right bet. liz: the fiscal cliff, did it play into

hi, john. >> solar city hoping to price its ipo today. the latest company led by entrepreneur elan musk prepares to go public. company makes and installs solar panels for homes. other companies struggled in the stock market there is a lot of buzz tied to solar city. that in a filing he says woe buy $15 million worth of common stock in the company. tesla shares up 23% this year, despite the fact the company has not turned a profit. web md putting 250 jobs as revenue falls. web md struggling to generate revenue. web md hopes cuts will save about $45 million per year. >> and john malone liberty interactive gained control of online trip advisor from barry diller and his family foundation, he will remain on the board. he acquired trip1g advisor in 2004. >> microsoft says it's boosted production of the surface tab blet hitting stores in the u.s. and australia as soon as this week. now providing sales numbers for the device but says public reaction to surface has been exciting to see. microsoft converting holiday stores into permanent locations.

but a solar city spokesman also told foxnews.com solar city has follow the treasury department guided for the 03 program and has done nothing wrong. representatives will sun run and sun geovity did not return for comment. >> do your photos always turnout like this? there are simple things you can do to make sure photos are picture perfect. >> incredible video. a storm so strong it knock add cargo train right off the tracks. that's next. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. fox and friends kicks off in 11 minutes from now. benghazi, how washington blew it, systemic failure is not good. what is dugood we have cardinal dolan in the house he's talking the newtown tragedy and he will have his christmas wishes. speaking of christmas, we have "hey san

a fascinating insight discussion on solar city. world's most popular online mapping system making its way back into the iphone. shares of google up today, finally said okay, your maps app can come back. apple falling. >> a huge win for google and a loss for apple. who ago is happening happening with a market cap of apple as well, $500 billion mark as most investors know this is a critical support level for the company. there we go, lot of oscillation on that stock. it is not just about maps. this is about something deeper, giving choice to consumers and getting the ecosystem that apple has so closed off open to google lovers. google getting their maps more than a billion monthly active users get on google maps, 50% of them are doing it on mobile, that is why he they're excited to do this. there was talk they would keep it and hold it for the android phones. if it wants to do that. you need to do it. liz: my husband did it at 2:00 in the morning, he was so excited. it is not perfect and i will tell you what is not perfect about it.

solar city employees rang the bell this morning.the company has p-bg -- on the broader market the dow was down. this -pl -- comes after a few weeks of decline. >>> the minneapolis star tribune reports schultz ended at 3:19. >>> earlier this month u.s. interior secretary ken salazar refused to renew the lease for the company and gave it 90 days to move out. drake's has already filed a lawsuit challenging that decision and has filed for a temporary order. >>> the fresh dungenous will be back in the market in time for christmas dinner. >> reporter: live dungenous crab, most of these twoepb two to three pounds a piece. >> we want them two pounds that's what we're looking for. >> reporter: pillar point harbor is buzzing again. >> these first months are very important. so it was really good to get back out and run some gear. >> reporter: cameron pie kwror says everyone is frying to make more lost time and can deliver fresh crab as can believe quakily as possible. >>@been 24 hours. >> to wring this catch in. >>> a lot of this crash is stay

solar city employees rang the bell this morning.the company has p-bg -- on the broader market the dow was down. this -pl -- comes after a few weeks of decline. >>> the minneapolis star tribune reports schultz ended at 3:19. >>> earlier this month u.s. interior secretary ken salazar refused to renew the lease for the company and gave it 90 days to move out. drake's has already filed a lawsuit challenging that decision and has filed for a temporary order. >>> the fresh dungenous will be back in the market in time for christmas dinner. >> reporter: live dungenous crab, most of these twoepb two to three pounds a piece. >> we want them two pounds that's what we're looking for. >> reporter: pillar point harbor is buzzing again. >> these first months are very important. so it was really good to get back out and run some gear. >> reporter: cameron pie kwror says everyone is frying to make more lost time and can deliver fresh crab as can believe quakily as possible. >>@been 24 hours. >> to wring this catch in. >>> a lot of this crash is stay

cheryl: some details coming up on want to ask about particularly solar city is one of the more fascinatingng out. solar panels installers, not a makers fell in a lot of analysts are looking at that one. these are five deals left in the last couple weeks we have going on. audio oncology, ppg energy, silver bay realty. five names. which one sticks out to you? >> one of those five price and traded the day up 30%, that is western gas so we're left with four. we think the solar city deal with controversial. not just an installer but a finance company. difficult to understand and evaluate the risk of this company. we would say it is high risk deal. we would be focusing more on the energy deals and refiner in the pipeline. that is a company called pbs. they own refineries. a good segment. they pay dividend yields. we highlight that in the silver city which is. cheryl: energy and realty but not closely. very interesting what you are saying. look at wireless. >> an interesting one. we thought highly of the company, many investors did. in place of ipo on top of a range traded down 18%. it was an ipo

solar city does not make solar panel.they install them and hope to ben from it plunging prices. >> shake newspaper the yahoo board room. co-founder in pay pal has been added to the board of director. ceo of intuit and weather channel are out. yahoo board now has 11 members all but one of them are new this year. >>> speaking of new. sears reaching into the world of money ball to turn around the struggling business. retailer named paul pl deb to the bore. he's the number crunching whiz with harvard economic degree inspiration for the character played by actor jonah hill in money ball. >> in order to buy win you need to buy runs. >>reporter: he helped the oakland a's win consistently despite lowest payroll in baseball. he has most recently been an executive with the new york mets. we'll see what he can do at sears. >>> while santa stuffs his sleigh full of is to for girls and boy as couple grads are stuffing boxes of new toy that is just for girls. but as january thon bloom explains, resume nature is different from any doll

on -- solar city and first solar. okay. very different companies. first solar's a panel company. price of panels come down. first solar we said we were too negative in the teens, we got a little more upbeat in the 20s. i don't really care for it in the 30s. solar city, we get a pullback in some cities for solar you're going to wish you -- >> sell sell sell. >> so i can't recommend it. i think we should get used to the idea of the fiscal cliff and be prepared. we've got a series of good companies reporting next week. if you really like them, understand you can buy some of them because there are great stories out there. but the fiscal cliff looms on even the best. "mad money" will be right back. >>> coming up, another dimension? it's one of the most talked about new trends. and tonight cramer's taking a hard look at 3-d printing. it's a face-off of the industry's two top stocks. and jim's finding out which one could turn into your personal printing press. >>> and later -- rotten apple? the crown jewel of tech has fallen like a rock. over 150 points in the past three months. but has

solar city don't make them, this install them and hope to benefit from plunging prices. the rest of the market went the opposite direction today. the dow jones industrials lost 74 points. nasdaq fell 21. the s & p 500 closed off by 9. general motors rolled out its 2014 pickups today. they had more -- they are more refined and have more muscle than last year. gm put more than $3 billion into developing these new models. and hope to challenge ford, which has the number one selling truck. >>> google maps are back on the iphone after replacing them with their own maps three-month ago. apple put a new map app and it became the number one free download. 90% gave it a five star rating. >>> cabbies are fighting back, upset about apps that are private cars taking away their business. so they have launched an aggressive new campaign of their own with an app that let's you call a taxi to come pick you up. as jonathan explains, while the other apps are butting heads with government regulators, this one is working with them. >> reporter: as he drives his taxi through the bumpy street

. >>> solar city employees rang the opening bell for the nasdaq. one of the leading solar panel installers. even though they reduced its initial pricing, stock debuts at $9.25 and shot up to close at $11.79. >>> fighting the spread of smoking. >> for every $8 we have $1 to counter that. >> increase in under aged spokers. >> we provide best -- smokers. >> we provide best care. >> learn the one thing they are not doing that helped earn them the title baby friendly. >> more wet weather on the way, when we will see showers return. >>> ceremony said today in san jose marks the deaths of 39 people who died while homeless this year. >> an opportunity to honor people's lives and renew our commitment to end homelessness. >> the ehc group sponsored the group. the number of deaths dropped this year. those on hand for the memorial included san jose mayor and other leaders. it came as san jose police investigated the 4thth death of -- 40th death of a homeless woman this afternoon found floating in a creek. they are working on a cause of death. friends suspect fo

. >>> solar city is postponing its ipo the solar installer was supposed to price yesterday and make its public debut today. details for the delay have not been closed. solar city was seeking to raise $151 million. >>> the fed cracking up the stimulus, cranking up the stimulus knob to full blast. it is dropping $45 billion a more a month on u.s. treasurys. inflation and ballooning balance sheets be damned! i can't keep track anymore of all the it tried to jolt the economy into recovery with very little to show for it i might add. is it time to call in the fed busters to stop ben bernanke from messing with our economy? i like that. joining me nariman bear verb, ihs chief economist and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i was shocked by the decision. is this qe inifiti we're on right now? melissa: i don't know. >> we've had such a huge deluge of liquidity into the market. and the fed, a lot of people know this that the fed already owns about a trillion dollars worth of federal 30-year treasury securit

we are talking about solar city, known for solar panels, musk, who is the company's chairman and ceo, lyndon life, will join us this hour. nship. together for your future. ♪ >>> google maps returned to apple's i phone and ipad. google maps replaced the default application with its own app but that was a target of widespread criticism. the google maps available as a download from apple's itunes store. so it is available as a download. i mean, does this change anything, jim? >> google is huge. >> yeah it s >> apple -- are we really trading on every little review now? oh, wow, google maps. there is a un -- really an unreality about these stocks. they should not trade on whether google maps is sudden lynn better than apple maps, should be trading on profits, earnings. google missed last time, apple missed twice. maybe apple doing better. we look at the review and say i got to take out some google. it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but

. >>> it appears the financial sun is shining on san mateo based solar city.he company that installs rooftop solar panels. their initial public offering came out this morning at 8 dollars and quickly went as high as 11.90. google maps is once again available on the iphone through a newly released app. the move comes three months after apple replaced the iphone's google manning mapping program with its own. it says it is superior to previous versions, they issued an apology after many complained about the new apple maps. >>> san francisco's bridge movie theater will soon close. it first opened on gary boulevard in 1939. it will show its last movie at the end of the month. bridge is the second landmark owned theater to close in the past three months, in september the loomer shut down because of a disagreement with the landlords over a new lease. the nominees for the golden globe award were announced this morning. >> best motion picture drama, airingo, jango unchanged, life of pi, lincoln, zero dark 30. >> that was jessica jessica alba making the announcement. th

on the ipo watch, solar power company solar city had a sunny first day of trading. after cutting its ipo price to $8, shares traded near $11.15 before closing up 47% at $11.79. pbf energy also had a good first day on the market. shares of the refinery company rose 1% following an ipo price of $26 a share. shares yesterday closed at $26.25. hundreds of cars damaged by superstorm sandy are on the way to crushers. others may wind up on used car lots. while it's not illegal to buy or sell flood-damaged vehicles, it is if the buyer is unaware. the national insurance crime bureau is trying to avoid the repeat of flooded cars on the market that followed hurricane katrina. "we've seen it in every water event in the past, so its very likely that some will make it back out into the commerce stream. even if it's one case, it's one too many. " frank scafidi of the national insurance crime bureau says its worth a vin check at nicb.org or have a mechanic look the car over before you buy. other clues to flood damage: mud or water trapped in the spare tire, condensation under the l

hi, i'm here with carl, he is the operations manager for solar city. we decided to take a little break from the cls room to so we could see some of the solar panels in action. carl, how are you? >> very well. nice to meet you. >> how do you like the weather? >> not too bad. >> kind of sunny. how does that impact our solar panels when we have lots of sun versus fog which we are typically accustomed to in san francisco? >> well, contrary to popular belief, solar panels will produce electricity when it's foggy out. how much depends on the density of the fog. on a day like today it's hazy for typical san francisco weather. on a day like talking, you can expect 80% of your what would be your full production on a clear sunny day. >> so if i were thinking about getting solar panels and i lived in san francisco and i was worried about haze versus full sun and how that will impact what jets yated, are there any tools or tricks that i can use to determine what the production is going to be like? >> the first thing you need to do is look at what available area do

on the flipside shares of solar city jumping on the company's nasdaq baidu. -- debut.d initial backlash that the price is too high. they lowered the price from previous range of 13 to $15. >> catch the 4:00 p.m. hour when liz claman interviews solar city chairman elon musk and lyndon rive. >>> mortgage rates fell last week dropping to near record lows. according to freddie mac, average rate on a 30-year mortgage, 3.32%. that's the latest from the fox business network, giving you the power to prosper. lori: house speaker john boehner today trying to shift the fiscal cliff debate back to, spending. here is what he said earlier today. >> here we are, at the 11th hour and the president still isn't serious about dealing with this issue right here. it's this issue, spending! now you go back, i want to talk about polling, most americans would agree that spending is a much bigger problem than raising taxes. they want us to deal with this, in a responsible way. lori: just shortly after that fox news's ed henry trying to get a comment from the president on the fiscal cliff negot

solar city going public. >> of good to know someone is doing well.ffic is doing well >> that's right our hot spot is clear on the san mateo bridge. there was a fatal accident, they have the right lane black for about two and half hours. take a look at this shot here. we have heavier traffic headed towards foster city. it did not cause a major backup. it is getting a little crowded because we have more cars on the road. the drive time is still 14 minutes out of hayward as you work your way out george foster city. nothing to worry about, traffic is getting by. this is normal traffic this is all around the 7:00 hour. traffic maps show an injury accident working in oakland at the 580 west at high street. the off ramp is closed. there's a a an accident involving a pedestrian. traffic on 580 is getting by without a delay but we will keep you updated on that commute for 50 highway 580. >> it is a cold start to the morning especially in the north bay. it is right around freezing for fairfield and about. 44 in downtown san francisco. the day planner shows mai

solar city is about to set a public offering price. the company hopes to raise as much as $150 million. and another co-founder of pay pal and space x said he plans to invest $15 million and that could affect other investors who are worried about the clean energy business. >>> they will consider scrap metal thefts and they will create stricter standards by requiring them to renew their permits more often. they hope to discourage scrap buyers but critics say it unfairly targets those in the county instead of going after the thieves. >>> the sonoma marin rail district asked for money to buy additional cars. that will allow them to run passenger trains at half hour intervals. >> sal is back. what is the latest on this cliff rescue? >>> we found out one person was seriously injured when the driver of an suv went over the side and we are trying to get that car out and we do have a tow truck with a long table trying to get this car off the cliff. chp is there, this is on 35 skyline on john daily boulevard and a good alternate would be to use

the solar panel installation company solar city postponed it's plans to go public late today. the san mateo company had planned to offer its initial offerings tomorrow on the nasdaq. no reason was given for the postponement but it came after the owner bought $15 million woát of -- $15 million worth of shares possibly to try to boost values. >>> delta used to have three daily nighs now -- daily nights now it has nine. >>> more than 46,000 people signed the petition calling for the school system to scrap the logo. even lieutenant governor newsom agreed. as part of the board of regents i agree with petition, new logo is a disaster. sign the petition. >>> a bit of holiday cheer spread at the uc berkeley campus with word that a scholarship is being set up for low income undocumented students. the university says the scholarship will help nearly 200 undocumented students from 20 different countries. >> what it tells our students is if you work hard and you get into uc berkeley now you have support. what we've seen in the past when undocumented students were earning their way into uc

the solar panel installation company solar city postponed it's plans to go public late today.to offer its initial offerings tomorrow on the nasdaq. no reason was given for the postponement but it came after the owner bought $15 million woát of -- $15 million worth of shares possibly to try to boost values. >>> delta used to have three daily nighs now -- daily nights now it has nine. >>> more than 46,000 people signed the petition calling for the school system to scrap the logo. even lieutenant governor newsom agreed. as part of the board of regents i agree with petition, new logo is a disaster. sign the petition. >>> a bit of holiday cheer spread at the uc berkeley campus with word that a scholarship is being set up for low income undocumented students. the university says the scholarship will help nearly 200 undocumented students from 20 different countries. >> what it tells our students is if you work hard and you get into uc berkeley now you have support. what we've seen in the past when undocumented students were earning their way into uc berkeley they were really excited

we have the ceo of tomorrow's ipo solar city, then back here at 5:00 >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. i'm cramer. welcome to "mad money." my job is not just to entertain but i'm trying to teachary and coach you. call me at 1-800-743-cnbc. you can blame the democrats for their inability to offer any cuts for spending. you can blame the republicans for not even wanting to consider tax increases. but don't you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again! even if his statements about economic weakness ultimately caused the averages to stumble from some pretty lofty levels. dow only declining ability 3 points s & p inching up 4.4%. close in positive territory. nasdaq giving up 2.8%. >> when you look at what ben bernanke did ntoday -- the republicans themselves refuse to get specific on spending until they see something from the white house.

it's not known when solar city might go public. it was hoping to see shares at 13 to $15 range.decide to lower that price. stay tuned. >>> speaking of stocks, we are about 45 minutes or so away from the opening bell. >> u.s. stock futures are edging high they are morning. ashley morrison of cbsmoneywatch.com joins us. good morning. >> reporter: asian stocks good a boost. tokyo's nikkei added .5% to reach its highest closing in eight months and hong kong's hang seng is up 1%. >>> dow up 78 yesterday, the nasdaq up 35. >>> the federal reserve is expected to announce the details. its latest bond buying program. the central bank is expected to buy $45 billion worth of long- term treasuries a month. the goal is to lower interest rates, spurring borrowing and lending to soften the blow if we go over the "fiscal cliff." the fed will also release a revised economic outlook. that will be ben bernanke speaking today at 12:30. and that's the reason the stock futures are higher now. >> i guess yahoo got a bit of a makeover, too. >> reporter: it unveiled new versions of its free email servic

stuart: i'm waiting for solar city, the solar panel company and i think the ipo is today when it startset back to you then. thanks a lot. i'll show you about the price of gas because it continues to drop. the national average for a gallon of regular down another penny, we're at 3.31 now, diesel 3.97. i've got to tell you, it's still the highest price for gas ever at this time of year. new york still the highest in the continental u.s., 3.78 in new york, that's the average and missouri the lowest, $3.01 a share and missouri is the only city, only place, rather, where we found major cities with the average price under $3. again, the star is st. louis, at 298. let's get back to apple, losing its cool, maybe. and mark is still with us, the editor in chief of laptop magazine. all right. i want to talk about-- let's see, this is the microsoft surface tablet, all right. >> yes. stuart: now, is this a threat to apple's dominance of the tablet market and apple's dominance of cool? do you like this thing? >> in the short-term i don't think it's a threat, but there are some things that surface has

. >> this bay area company went public, solar city. >> they are glorified roofers and losing money theyosing $78 million in the first nine months this year. i know that people like a sexy ipo. i would wait. >> how about ya wh tahoe--yahoo he comes from paella and even facebook web developer. and he comes from--pay pal .. this is a board member that has a controlling stake. it is nice to see. i like yahoo.. as a company, not as a stock. >>jacqueline: it was it dry and cold for the morning and for this added with only 50s. as we go towards tomorrow. with only 54 this afternoon 50s-4 this afternoon. the rainfall is expected it was only 57 this afternoo o are r rarermurmur mur murmur burn berber berbera whiter stormy. finally going towards northern california. had a wider view showing that this cloud coverage by 4:00 a.m.- 5:00 a.m. it will halt cooling. temperatures will be a bit warmer. i think that if it is going to stay clear for that reason we could see cold conditions. the raid near the coast. but well up to the north. the rain. and also the rained knew the san mateo coast. not a lot

technology, entrepreneur, elam musk is solar city's chairman. didn't know that. >> have you met him. >> no. i've driven a tesla. >> they're beautiful, right? >> gorgeous. >> they're silent. the 20two seater i was in -- i' not that big. >> hard to get the clubs in? >> no, no. can't fit a golf ball in there. >> i interviewed musk years ago. i think one of the most interesting people in business in the world. >> like a fast golf cart. no sound. walking along and all of a sudden -- they should add a sound. >> yeah. for safety. >> doesn't it make a whoosh -- >> with the wind and stuff. the sound itself is just -- >> silent. >> and really like -- when a maserati rrrs, it's awesome. you like that noise. >>> still to come, more news on the holy grail of tech. apple tv. plus, a virtual who's who in the world of investing coming up on "squawk box." >>> carlisle's david rubenstein, steve schwarzman of blackstone, marc andreesen, and jamie dimon. change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t.

solar city is said to set its price today after the markets close. they are hoping to raise as much as $150 million. the ceo elan musk, who is also the co-founder of paypal and space-x says he will invest $15 million. that could attract other investors. >>> about two and a half hours from right now, the air force plans to return another -- to run another test of the experimental space test. there it is. it is being developed as an unmanned and reusable space vehicle. today, it lick off from florida on an atlas five rocket launched into space. an earlier test flight lasted more than a year. >>> a new federal report raises more concerns about funding for california's high speed rail project. the project is expected to cost $68 billion making it the largest in state history. the report says more than $11 billion have been identified so that leave as $57 billion shortfall. high speed rail supporters are confident once work begins, private investors will come forward. >>> sonoma county is giving more than $6.5 million to the smart train district. the sono

it's hard to pay for something up front you're going to use over 25 years, but when a company like solar cityink will have a successful ipo in the next couple of weeks, if they say you don't have to pay any more than what you pay currently for solar and we'll taublg tai care of everything, just give us the real property on your roof. many companies are doing that. >> that's a great example of how most of this is driven by private dollars. dave, i was thinking when ufs talking about feed-in tariffs, is there something about solar that it needed that special price guardian fee? if you look back six decades in the united states, not only were prices guaranteed for the big conventional power plants that were built, but each company got eye monopoly guarantee market share. that's how those plants got built. today with solar and renewables it's mostly private dollars driving that industry. >> another thing that she brings up is with the price of panel being so low now, being xhod tiesed, it's a cheap commodity now, the differences in solar prices between installed solar in the u.s. and the installe

. >> solar city is a loser today. >> you and i will have to disagree it opened at $9 and a quarter.it is up to about 11 right now. >> basically the install solar panels. it is a part plumber that is publicly traded. they had $103 million of revenue for the first nine months this year. they lost $78 million. this is a company that - yes i like solar but oil is becoming the no. 1 producer in the world. >> another winner is yahoo. they have certainly been in the news a lot lately. >> i think mercy meyer, i wish they had more female ceos. they are changing their board, it is not definitive. out goes david kenney it is a commitment that they will continue to try to come up with technology tide towards the low. meyer is focused on the e-mail because they want to be a mobile company cannot be a search internet company anymore. >> will we see a guy who phone? -- yahoo >> these people put in a big bid for antioch who and microsoft comes out with a phone next year. do we ever see a facebook song? that has been rumored. >> 98 scene and let's take a look at the weather. >> we are seeing plenty

sbp has taken an unused parcel of land and turned it into the city's first solar research location. the manufacturing company provide it had thousands of panels which can generate enough electricity to power more than two dozen homes. >>> well, we're with rosemary now and we obviously have some more weather coming in. any comparison to what we saw last weekend because that was heavy. not going to be enough. >> enough to get us wet. we have watched those showers fall over the north bay on and off throughout the afternoon really staying north of the golden gate but you can see plenty more as you take a look at northwest areas of california have seen that rain continue. i want to slide into some of the moderate rain we're seeing just come up off the coastline there. occidental, gern vil perhaps seeing some light to moderate rain and along i-80 fairfield into vacaville. light to moderate rain reported there. in and out of martinez a few scattered showers at this point and over san francisco we've got some light rainfalling over the richmond district, the mission district. it looks like

with north star solar, llc, requiring north star solar, llc, to pay the public utilities commission the costs necessary to mitigate the impacts to the city's electric system caused by the interconnection of north star solar, llc's solar project to the electric grid; and authorizing similar mitigation agreements with other projects in the future; and appropriating funds from these agreements to pay the costs of mitigation work. >> thank you very much. i believe we have [speaker not understood] from the puc. if you introduce yourself. >> i'm steve ritchie from general water from the puc. on this item there are literally hundreds of proposed items trying to connect to the grid in california. a lot of these are renewable energy projects, but they all need to connect to the grid in a way that is safe for maintenance [speaker not understood] electricity to the citizens of california. some of these projects will potentially actually impact the city's transmission facilities from the central valley and if they're not mitigated can affect our ability to provide allowable electric service to our customers. this particular project is with north star

and solar city going public today. it was supposed to happen yesterday.mentmaker sold 11.5 million shares at $8 per share. but that is below earlier estimates of $13 to $15 per share. and ivan musk still going to make a lot of money doing that. one other story to note,s new york city's taxi and limousine commission voting today on a proposal that would permit taxi drivers to use taxi hailing apps. we've talked about this before like uber. the use of taxi handling apps, smart phone apps like uber, haywell and others rising sharply around the country. i use it sometimes. there is some pushback, though, on these apps. a group of livery and black car owners have asked the commission to reject the proposal. also big issues about the value of a medallion in new york city. it's a huge market for that. and how annoying is this? you ever stand on the street in new york city and you see the cab go by you with nobody in it? that might start happening a lot if people are using these apps because the taxi driver would get an order on the app, and say oh, i'm going to

among the supported programs will be initiatives to expand in city renewables, primarily solar systemsvance regulatory changes to accelerate implementation of renewable projects, encourage community-based systems, and promote energy efficiency in san francisco. other strategies we will use include stakeholder consultations, working in partnership with pg&e and sfpuc to implement new programs that would ease access to renewables, push some state advocacy efforts, development of new renewable energy financing mechanisms for customers in san francisco, and a continue our education and outreach. these efforts are vital for san francisco to continue to achieve its climate and sustainability goals. i thank you for your consideration and i'm happy, along with my colleague adam stern to address any questions the committee may have. >> thank you. and just to clarify, this also would not require any additional hires, correct? >> correct. no additional hires. >> thank you. so, why don't we open this item for public comment since there is no report on this item. are there members of the public who