for these and other reasons, we have submitted in writing clear wire review of the utility system in its entirety is required. even the five mike rowave antennas are considered in isolation, environmental review under seekwa is still rider because -- required because there are certain exemption for categorical exemption under seekwa, including the cumulative impact exemption. section 15 -- point 2b states that for exemption under seekwa, it is inappropriate when the cumulative impact of successive projects of the same type in the same place over time is significant. the telecommunications tower on bernal hill was approved by a single conditional use permit in 1960. over the past 50 years, as many as 70 or more antennas have been installed on the tower without the appropriate conditional use and/or required building permit. it was only in october 2009 when t-mobile sought permission to install additional antennas on the tower that the planning commission retroactively approved and capped at number of antennas on the tower at 71 by means of a single use conditional use permit approved f

lastly, the utility system. the project is proposing to incorporate a storm water systems throughout the -- it was to redirect water flow and all channels will be going through this treatment plant. you're familiar with other efforts to reduce the amount of water that we fall through -- funnel through our sewage treatment plant is necessary. -- if necessary. that way, reid did -- we reduce pressure on the sewage system. it is also within the city of's adopted -- city's adopted -- it has to do with things like flushing and irrigation. there is no plan, there would be no mechanism -- without this plan, there would be no mechanism. it is sort of important for the long-term water usage of the city which is trying to reduce pressures, we use recycled water for non global services -- non- drinking purposes. it would supply the development with recycle water. and lastly, the renewable energy program, the project's sponsors committing to a certain amount of on site means. or in lieu of that, it has reached a series of ag

the programs. what we wanted to do is make sure that we have all of the systems in place, the structure in place. we want to utilize all the systems we have put into place. the other big thing, we wanted to make sure -- we got a program manager from the city. we are responsible for the direction of the programs. we produced a matrix organization, and what is a matrix organization? it is a functional based organization that is based on functional responsibility like mechanical, and electrical, civil, and construction management. when the project is identified, the project manager goes to the functions to get resources to deliver the project. when the project is over, the resources go back to the bureau to be redeployed. that way, we have the flexibility to work on large projects and small projects. that is why we do capital planning to make sure that we have enough resources so that we don't have to lay off during times when we don't have a lot of work. the other thing is that we wanted an organization where we could integrate consultants. we are able to accomplish that. a lot of consultants are for three types of p

of our financial system and the rules that the financial market utilities play in that system are critical to a well functioning financial system, imposing higher or consistent standards on the financial market utilities being the key piece of building a more resilient, more robust financial system. one of the critical responsibilities of this council is to take the first step towards that by designating systemically important financial market utilities. we will listen to a brief introduction from the treasury's office of financial restitutions. he will be joined to answer questions by three others. lance, give us an introduction to the rule. then we will have a discussion if necessary. >> thank you, mr. chairman. this is the first up in the canceled rulemaking process for designating systemically important financial market utilities. such firms may concentrate risk as well. title 8 of the dodd-frank act provided the council with authority under such firms. the council shall designate those utilities that the council determined are or are likely to become s

of our financial system and the rules that the financial market utilities play in that system are critical to a well functioning financial system, imposing higher or consistent standards on the financial market utilities being the key piece of building a more resilient, more robust financial system. one of the critical responsibilities of this council is to take the first step towards that by designating systemically important financial market utilities. we will listen to a brief introduction from the treasury's office of financial restitutions. he will be joined to answer questions by three others. lance, give us an introduction to the rule. then we will have a discussion if necessary. >> thank you, mr. chairman. this is the first up in the canceled rulemaking process for designating systemically important financial market utilities. such firms may concentrate risk as well. title 8 of the dodd-frank act provided the council with authority under such firms. the council shall designate those utilities that the council determined are or are likely to become s

the project utilize two contractors. ours was the one that did all the infrastructure to get all of the old gates disconnected to get our systems and infrastructure preparations done. that is on track at about two and a half million dollars. the second contractor that is utilized for the installation is cubic. they perform the installation of the fare gates, the ticket vending machines, both displays for the subway stations. that contract value is roughly at $90 million. the demolition and infrastructure preparations began earlier this year and were substantially completed in july. equipment installations began on august 2 and were substantially completed earlier this month. just a point of clarification, i think there was a lot of information in the media about the program cost being $30 million. i believe the publication or directing the cost at cubic. if you the contract is $90 million. the overall program to install the infrastructure is roughly $30 million. that program cost includes the to the contract, 19 million, a two and a half million for the job order contracting, as well as the administrative cost not only for the

regime and things are getting the study in the current system with the possible utils existence of the system of long term contracts but if anybody in the europe is the means to destroy the existing system ways those example of the oil industry when the seven system of systems of big corporations have been replaced by a good spot market. then the situation will change because if it will be no obligation on the side of the consumers then the way to get it will be no obligation from us but i'm rather sure that nobody in the sound sense of of the mind will try to go with this we're ok so it wasn't. it wasn't a yes but it wasn't a never yeah so it's well maybe maybe not. for creation of the system in which we will even the government. really benefit we don't need given the car to begin with because i was sharon's a guess that was is very substantial and actually we are not new for the liberal west markets that's pro was it pioneered on my good bit it is a shame in germany when in one thousand city workers created the joint venture when gus was part of the sort of. be a serf i believe and n

utility facilities and prohibits using the exemption to expand use. clear wire, by contrast, has no existing facilities in bernal heights park and is proposing a new citywide utility system. a class 3 exemption is limited to the installation of small new equipment and facilities and small structures. the 50-foot tall telecommunications tower in bernal heights park does not qualify as a small structure. a class 11 exemption does not apply to tilts like clear wire and is limited to minor structures that are accessory to existing facilities. commission erred because in this case there are relatively small facilities, clear wire's 5.5 point antenac attach to a major large structure, the 50 foot tower in bernal heights park. as previously noted, even if clear wire's project is determined to meet any or all of these three exemptions, the cumulative impact and significant effect exceptions to these exemptions apply and clear wire's project as much undergo environmental review per seekwa. for these and the reasons previously submitted to the board, the planning commission erred in categorically exempting clear wire's project from seekwa review. we request that the board of super

so the point i am trying to make in getting all of these together is the system well utilized, at the same time we have made some progress in many aspects of the service in the last couple of months, we have had a series of incidents like this, a couple of switch incidents, as well, that have had a significant negative delay on the impact of the system. at the same time, the good news is that the existing train control system continues to fail safe and continues to do this almost every minute for the system, and we are working. we had a very engaged it, not only internally, but the manufacturer, the system is engaged not only with the fixes of these particular problems, but also, we're going to have them work with us on the maintenance, because we had a brief discussion about a switch incident, and, certainly, some of the other switches, what we want to do is make sure that our maintenance program reflects the usage of the system, that not every switch, we have some very high usage, and they need a lot more attention, not only preventative maintenance but perhaps by having an extra on

they affected the water department and the san francisco public utilities system. having said that, you know that we have the water system improvement project. there were a number of workshops, and they were all good. from time to time, i have come over here and i speak about a few issues. there are others, like [unintelligible] they don't come, and i don't know why. i have been coming to keep the fire alive. in 2010, because of the economic situation not only in this nation, but all over the world, china, india, russia, brazil. we have to look at our resources in a different way. on this commission we do have commissioners to understand that. they must not forget that. we are very fortunate that we can pass an initiative and have a $600 million bond measure. we have to think about it. finally, let me remind the commissioners that i brought the first people over here. i will bring them again. we have to remind ourselves that for thousands of years, we preserve the waters. it is our moral duty -- i know some of the commissioners are for conservation and sustainabilit

the san francisco public utilities commission. the projects we have primarily address three critical parks. the projects primarily in retrofit the system to capture savings of 7.4 million gallons of water. the project manager is here, and i would like to recommend the project manager, who wrote this for a particular grant. we also have representatives from the public utilities commission, and if you could allow an opportunity for the program manager to come up and present a little bit about the programs they are doing throughout the city. >> good afternoon. i am julie, and i wanted to talk for a minute about the landscape program through which the rec and park department applied, and our program is part of of a broader effort to help diversify. to help protect the water througwe are taking steps to diversify. we are also trying to update our drinking system. we propose saving 20 million gallons by 2018, and we have a, an -- a comprehensive program, and this effort is one part of our effort to reduce water use outdoors. in terms of the program again, there are a couple of key requirements open to retail customers that would reduce potab

so the point i am trying to make in getting all of these together is the system well utilized, at the same time we have made some progress in many aspects of the service in the last couple of months, we have had a series of incidents like this, a couple of switch incidents, as well, that have incidents, as well, that have had a significant negative de

so the point i am trying to make in getting all of these together is the system well utilized, at the same time we have made some progress in many aspects of the service in the last couple of months, we have had a series of incidents like this, a couple of switch incidents, as well, that have had a significant negative delay on the impact of the system. at the same time, the good news is that the existing train control system continues to fail safe and continues to do this almost every minute for the system,

the water supply system, again in july for the water supply system. every time we come before you for the file and record as well as reviewed by the public utilities commission, is about 700 pages of bonding and funding documents. this is your high-level review in the brief, in addition to the documents that are on file with the clerk and commission. we have issued $2.2 billion worth of bonds over the past couple of years, specifically for the water improvement system plan. that, along with sorbonne sales, and sales for the new headquarters building, we have sales of $400 million of estimated debt service costs for ratepayers for the next 30 years. we have done that because we have been fortunate beneficiaries of what has been record low borrowing rates in the u.s. economy for tax-exempt and build america bond financing. we come to you today because the american recovery and reinvestment act is scheduled to sunset the bill the american bonds. dependent upon how congress acts or does or does not renew the program, a window could potentially close for municipal issuers on december 31. we would like to be able to capture one more quarter's worth of savings in o

the $450 million worth of upgrades. spelled out in a report called pipeline 2020. pg&e is allowed to charge customers 8% interest on system improvements. the utility is denying claims they are pushing for the expensive upgrades to make up for the losses from the explosion. >>> wildlife experts are on the hunt for a person abusing birds. three birds in the same condition have been spotted. a $2,000 reward is being offered to help find the person responsible. >>> a new documentary about the berkeley hikers held in iran. >> we did not enter iran until he gestured. >> shining the light on the hikers. irany authorities accused them of being spies. shourd was released for humanitarian reasons while the other two remain in prison. their trial was scheduled to begin saturday but it has been postponed. >>> two big names in the bay area are bringing you savings online. tomorrow's deal is at the gap where the san francisco base company is giving away a pair of jeans to the first 10,000 customers who visit any store in the u.s. >>> move it or lose it. that succinctly put is one tip in planning your holiday travel. if you wait for the last second deals you may

the utility company is also changing the way it inspects it's underground system. >> if you can imagine, a woman in 2005 was walking right past this manhole when flames started shooting up out of the ground. it severely burned her, it also caught this building here on fire. and caused huge damage to the electrical grid. now city officials are creating new rules forcing utilities to upgrade underground safety. >> reporter: san francisco city officials have forced pg & e to change it's inspection program after several underground fires have caused dangerous situations for people on if street. >> we see transformers exploding. we see manhole covers blowing up as we've seen quite a few downtown and many neighborhoods throughout the east side of san francisco. what is pg & e's response to that. referee: ross mirkarimi says dispaoeutd what despite what happened in san bruno, pg & e needs to step up and improve its record -- >> reporter: ross mirkarimi says -- >> now we're beginning to install what we call a swivel lock manhole cover. this is a manhole cover that is attached to the underside o

system. both the public utilities commission, port of san francisco share the distinction of an enterprise for the city and county. they both creates a vivid revenue but at times require commensurate, if not more, considerable infrastructure investment. as a port commissioner, i look forward to helping the poor grow its revenue and invest in the future. i am excited about the opportunities that lie ahead, including securing the america's cup, and bringing to fruition the james herman terminal for extended use. i believe my background in services combined with my record of public service qualify me to serve as a member of the city and county's port commission. these are exciting and challenging times for the city. the waterfront land use plan charges before to be is this historic part of the city of balancing public needs, access, and environmental concerns with port revenue sources. at times, it will be tricky. with your approval, i look forward to negotiating it. thank you for your time and consideration of my nomination. supervisor campos: thank you very much. any questions? is there anyone

we are collaborating to exploring the potential of utilizing the automated targeting system as a riskargeting tool in the air cargo context. it can be shared. this will allow us to leverage the data information already collected. we also acknowledge the importance of partnering with the private sector. with partners in that sector, they can assume a considerable assistance and let -- and lend us considerable assistance in securing the supply chain. we also recognize that we must receive information in the advance of what we are currently receiving and we are working with tsa in determining what the parameters of that car. our private sector partners, to get their views as how they can most expeditiously -- expeditiously provide that information. let me abbreviate the statements that we can get on to the dialogue of questions and answers. we believe that we have the foundation in place to implement a more effective system. we can strengthen the system and do it relatively quickly. we should do it cautiously and deliberately and i look forward to working with this committee and its staf

utilities as "too big to fail." >> imposing higher more consistent standards on the financial market utilities is a center piece, is is a key piece of building a more resilient, more robust financial system. one of the critical responsibilities of this council is to take the first step towards that by designating systemically important financial market utilities. >> woodruff: one item of the law they did not address today was the volka rule. it's one of many provisions of the law that the council and regulators still have to fully flesh out. for their part banks and other financial institutions are vigorously lobbying regulators behind the scenes. the council is scheduled to issue some prescriptions when they meet again next january. >> woodruff: for more on how the banks and regulators are approaching the law, we turn to deborah solomon, who's been following this for the "wall street journal." it's good to have you with us. >> thank you. >> woodruff: i think most people would be surprised, deborah, to know that once a law is passed, that's not the end of it. there's still shaping going on. explain to us what's at stake in all of this. >> it's interesting. i mean the law was passed with