utilities guaranteed a profit. installation costs go down, and technology improves. >> the no is one way. customers are producing electricity for their open needs and delivering out and selling the number back to us. state. >> are you guys florida voters. >> florida residents say they are fighting a monopoly. state law mandates that only utilities cap sell power. if you want -- can sell power. if you want solar, you have to buy from them. >> a home owner can dictate how much it can be sold for. >> allies are changing the laws. >> we have conservatives, federation. a host of people. >> not all utilities are created equal. states like california, north carolina, nevada and new jersey are leading the race. >> i'm proud it is happening government. >> the largest utility in new jersey is working with solar companies to connect to the grid. the result - $38,000 homes connected. more than 500 active solar companies and thousands of jobs. every company handles solar power differently. some embrace it, some don't. lisa join

but that growth is clark with established utilities which -- is clashing with established utilities, charging fees or simply refusing to connect solar to the grid. it happened in hawaii, the most expensive electricity rates in the company it's prime area for solar. >> the rate of installations became so large and so fast. >> utilities said they couldn't keep up with demand and stopped looking up new solar customers like william walker to the grid. >> we paid $35,000 for the 18 panels that we have. >> that investment in solar panels was supposed to mean taking a $250 monthly electric bill down to around $20. but instead walker found himself stuck in limbo. a fancy new system and no grid. >> here's an example of heading towards sustainability where we need it most. and if it doesn't work in hawaii it ain't going to work anywhere! >> not ofast solar's potential has called the attention of tesla founder and silicon valley entrepreneur elon musk. his company figured out how to get more customers connected. the problem the utility company's bottom line. >> we are isolated grid here, and so

utilities are sensitive and fall when treasuries rise but that is priced in. that the pullback has created buying opportunities. we're in a period of utility outperformance and given the s&p 500 due to the strong dollar and the low energy prices this is a good time to begin to up -- increase person formance toward utility increase. >> utilities tend to outperform in summer hot ones when performance strikes. after the record seasons, names like ppl corp and dominion tends to do the best. there is another hot stretch this year. but these companies are grappling with another issue. solar panels and tesla's home batteries could change the way people power their homes but those worries are premature and this could create opportunities for sector. >> i think you'll find most of the regulated utilities are adapting to the environment regulation through increased investment in cleaner power in ways that will in the long run accelerate their growth of rate base and there for regulated utilities. >> investing in a grid in california a growth market and analysts like nex

you would probably say between 10% and 15% off the current utility cost.e don't think that's the best design. to go off grid is not good design. that's an outcome of that policy. best design is to have a solar system still connected to the grid and have that power generating asset, that little power plant providing services to the utility. that's the best design. emily: do you plan to do this in any other states or expand abroad? lyndon: absolutely. we will bring the service to all the states we operate and expand internationally. where do you go first? australia, nigeria, many african countries where the cost of energy is $.40 per kilowatt hour. we wrestle on where we would expand to first. emily: wendy you think a large number of people in this country will be able to live off the grid? lyndon: i think that is design. if we end up there, it's because of bad policy. right solution is to get everyone with solar and provide services to the grid and utility rates oh down and set of going up every year. emily: lyndon rive thank you for breaking it down for us

utilities benefited from people looking for yield. they stretched for yield for the last couple of years. and so utilities did very well, but we think going forward, investors are going to look at the volatility in the utilities and wonder if they can get the similar yield in fixed income again. we at frost & frost expect that it will, we think -- >> thank you for bearing with me here. >> robert where are you going for yield? in a rising rate environment if you don't stick with those utilities which have a very attractive yield out there? >> yeah, a good question, bill. it has been very tough for us to find yield for our clients but i think if you still look at things like floating rates, high yields still we think there's some opportunities there. there are some places but for the most part, investors have to settle in and realize that yield right now is going to be tough. and a rising interest rate environment how much risk does an investor want to take on? invests have been taking on more risk than they should have and they have be

the average working person to pay less on utility. had a reactor in new york that spilled a thousand gallons of oil i know the governor was up there, what's the status. >> right now what we know at the transformer yard outside the nuclear part of the facility we had a fire at the transformer that was quickly put out, we do know oil escaped from the transformer, don't know where it ended up we are doing that analysis now. the plant will be down for couple weeks. we took the plant down safely. all of the employees did a great job of managing the situation. right now that transformer is the way the power gets to the grid so plant come back on line. >> it looks like when you put new plants up even though nuclear is cheaper, you are going natural gas. that's the way you're going with the plants. >> yeah with the plants we're putting in place we have to do them relatively quickly. we are replacing ageing infrastructure because 75% of the non-nuclear fleet in the south is over 30 years old so we have to replace those child while we meet the

of service another dale their market plan and final one that lace out how all 3 of the investor utilities procure the energies under the program going forward advice letter it details the terms and conditions i want to provide a flavor of things it gets into first sort of a basic program priority offering in the tariff pg&e is offering the option phenomenon for the consumers to purchase 50 or hundred percent renewable energy not a sliding scale one or the other. >> it sounds like it's familiar. >> yeah. it does also customers enrolling in the green tariff my cancel or terminate their enrollment at any time without a termination fee the one condition they've identified if the customers try to reenroll three can't do so for a year this particular advice letter included pricing for the program and the pricing varies by the customer class that's been served and i'm happy to report most the prices are above the $0.02 premium i included in the not to exceed proposal adopted by the sfpuc and two small and medium commercial are slightly below the two crept as it becomes finalized we've modify tha

and the good news is that the utilities -- it is in utilities' interest to be a partner.n tesla's interest to partner. they are in the midst of a tremendous generational transformation from having customers who are homogenous dependent on a central power station, to a world in which demand for the commodity is declining. people are interested in new options. and they are looking to their utilities to be customer facing and provide new services. emily: you are not in your head -- nodding your head vigorously. cory: i'm a very positive person, especially when it comes to tesla. i think the expense in building out the power grid -- it is cheapest at the generation of power. it is expensive to move the power around but the last mile is enormously expensive. nancy, i want to put the question to you. as far as consumer uses go, i wonder if the variability of rates, which we do not have in california, where you pay more to get power in your house at 5:00 when everyone is running their air and their dishwasher and you pay -- right now you pay the same amount in the middle of the

motion and memorandum of understanding was created between the puc and the lafco for the ability to utilize costs not to exceed $2.1 million for a virus role for the puc implementation of cca provide are 7 slides i don't intend to review only the first 4 for the clerking support the remain 3 slides provide the current general fund carried forward and the puc carried forward on slide 2 the versus actual in 2008 the board approved the motion authorizing the clerk for additional administrative assistance for the additional support in corneas with the agreement my office charges lafco a $27 million support of costs and half time clerk is about $72,000 a logical and the board agreed to the arrangement that was the exception for the advisors role the frequency of the lafco meetings and the workload due to the sires will increase 3r5ish8 instead of him or her new staff they absorbed the duty and fin they moved the friendly benefits cost from the general fund to the logical carried forward-looking back we understand it never materialize as you can see on table on slide 2 through the clerking servic

to reiterate to be at the table and negotiate but we have an obligation to all san francisco that utilize the waterfront, we continue an act of fund of priority obligation, and not prioritize one over the other maybe it's unintended consequences but that is what their terms would be doing requiring work to be done at this site, over the necessary work at others as we go forked we can reach some agreement that is fair and reasonable to utilize, the scarce resources in the staff report for a variety projects to make sure we have recreation activity on the water for all to utilize that is our obligation as commissioners, we make sure we cake care of everyone that utilizes the waterfront and stewards with this pressure resource, with scarce resources, we need to strike a balance. i want to read a couple comments, and prap have you come back on that on the staff report it states, we have struggled with the structure that has been put forward and that in order to move forward we will be assuming some ongoing maintenance but that the park services, seem to indicate they want to transfer signific

commission audit scorecard for 2013-2014 was a b and san francisco public utilities commission from prior years and audit for the san francisco public utilities commission costs of the 54 of the reports those audits were proactively requested as part of monitoring and best practices. >> i'm sorry director may i ask you a question the the scorecard a b and formally a a. >> that's 2013-2014 a slight difference from the a minus rate in 2013-2014. >> slides please thank you as it continues to q four into the next fiscal year 20 projects for the next 20 months for the years 2014-2015 and citywide translations and real estate royalties and concessions and contract review at the southeast one and 2 and enter departmental contracts next year in calculation with the auditor to determine the priorities and the continued focus of the organization to a proactively planning our audits with the capturing the cost-efficientcys and the monitoring practices to support those with the skvg and insuring the accuracy and transparency feedback from this commission and sfpuc management is acceptable for t

that presented a threat of competition to the private utilities.justify the expenditure required to build these dams electricity had to be sold. that would be produced by these hydroelectric units which were to be installed in the dams. that feature disturbed people who opposed tva. they thought that was a function the government ought not to engage in. the private utilities were successful in their opposition until 1933 when a newdministration with an activistiew of government's role came into power. franklin delano roosevelt created e tennesseevalleyuthority, e tva. william jennings randolph was a member of congress during the roosevelt administration. the tennessee valley authority was a product of the new deal. it was not doling out money here and there. it was the planning of an area in the united states where there would be a development. hydroelectric power was a part of it. the plan to provide economic development to the appalachian region began with the construction of the norris dam on the clinch river. the tva plan was ambitious. the reg

currently unused power is sold to local utilities. mountain will again offer it to customers soon. >> coming up at 6:00. a bay area movement to support book stores goes national. >>> a warning for beach goers tomorrow. true drew tuma has the forecast. >> the most exciting two minutes in sports the kentucky derby had quite a finger. and the warriors and grizzlies square off tomorrow for game one right here >>> independent book severals across the bay area have cause for celebration today. today is the nation's first independent book store day. we were at pegasus book in berkeley as they joined 400 other stores across the nation offering custom efforts limited edition merchandize and author meet and greets. participates book stores have seen sales skyrocket. >> personality, each store run by people and you can tell. there's just every little aspect, little nuances of the store taken care of. >> today is also national comic book day. >> we're hours away from one of the richest and most anticipated fights professor in are police officer,

other regulations like the utility mact rule is computing to rising electricity rates and growing concerns about reliability. we've had testimony and other hearings. with economy still far from fully recovered the last thing job creators to is another expensive regulation likely to drive apart energy prices. the last thing our families and senior citizens need is to see their electric bills continue to go. next week i will be introducing greenhouse gas legislation that would preserve the proper balance of state and federal authority, help ensure reliable and affordable electricity protect jobs in our economy. i look forward to working with many colleagues on the committee to advance this bill. i would like to say anecdotally throughout the state of west virginia we have such uncertainty and such disappointment i think that our voices have not been heard in our state with epa come into the state to listen and we don't feel that the calculation of the economic impact in our energies has been fully for even taking into consideration as we move forward with these rules are quick that i would l

>> guest: and they currently have some capacity that they utilize on a regular basis, and they bringin additional capacity during those incidents. we want to make sure that the dedicated spectrum for public safety is there in a prioritized fashion for public safety and if those big events happen, there's enough capacity to surge. so that's why that's an important piece. >> i was just going to ask you is it clear what size channels? are you going to be able to offer 10 megahertz channels? what size capacity are you going to be able to offer the carriers possibly? >> guest: it's not necessarily about slicing up the spectrum, it's really about building and deploying a network that will have a significant amount of capacity for those big and emergent needs. one of the things to look at is look at what some of the carriers, for instance do today. and in similar spectrum some of the carriers have 100 million customers that are operating. for public safety we've estimated there's about 4-13 million public safety providers across the country. and it depends on which, you know explanation you

looking for suggestions how to move forward i was not able to find new funding sources as well as the utility wires side all the reports show what was available old programs could have been continually but there's no current new funding sources from the federal level maybe some fund through the economic recoveries some ability to grab funds but the city didn't have shovel ready projects so keeping unus up to date i hope the country didn't glow the economic turn down we had but if it ever doesn't say shovel ready projects you could get extra funding not in the report it was of the comment i've noticed in reviewing of everything the one thing i found sharing projects reduced costs get everything done at the same time supervisor wiener and interest throughout the city of street light transitioning from city owned and controls thirty percent of the underground costs was for replacement of the actual street lightsism so if you do something that corridors if you have funding for the other thing you may not save a little bit of money but those little bits add up the one thing i'm suggesting perhaps

let's take a look at some of the utilities. united utilities up. some of these numbers are quite colossal in terms of their momentum. from about 3:00 a.m., the momentum was all about the foreign exchange market. you are looking at a clean sweep. here is sterling, dollar sterling hits levels since you have not seen since 2008. live volatility is dropping. it is down over four and a half percent. over the past it is down 30% from the third of may. what do they like? guilt. anna: manus, thank you very much. not only do we get a conservative government, but we got a whole lot less uncertainty. guy: some would argue more uncertainty potentially further down the road with what happened in scotland and the eu. let's go to hsbc. david bloom, give us your reaction. david: we saw the exit polls slamming once again. to-three elections in a row. -- 2-3 elections in a row. we have an eu referendum. the political uncertainty will nag. cable is up, no problem with that, from here we have seen the bounds, now we are talking about payrolls. we have a majority conse

i would not own utilities right now. would actually put something on in the utility spaces as a hedge overall. utilities are down 0.2% for a reason today. you look at mlps, look at reits. >> i was going to say, reits and mlps, you took the words out of my mouth. any of those areas of the markets, rich, would you avoid -- i would you would if you think that rates will continue to rise? >> almost whether you think rates are going to rise or not, those valuations have gotten to extremely lofty levels. and it's utilities, it's reits, it's mlps. but then it goes to the things like safe stocks. so staples and health care, and if you look at beta as a factor, companies with low beta are selling for their all-time record high valuations relative to the market. companies with high beta are selling for all-time record lows. the low beta stocks are the utilities, the real estate, and these companies, we'd even change the language of what we call them. i mean, these companies used to be called boring stocks. now they're called quali

of i t e withand utilization of i t e with the grid is critical. last week in philadelphia in the control room we saw where the data were coming in from the synchro taser measurements, it had not been integrated into an operational system yet so we have a long way to go yet fully realize the benefits of ig and the system and that is for the transmission system, the high voltage system and the distribution system. second leap the more we introduce i tea more we have to address the cybervulnerabilities that go hand in hand and says that is the second major area. >> isn't it more that with so many transactions ecommerce and everything living along the lines that if we don't hide in the electricity grid or make it redundant we are going to be susceptible? >> yes, we need the cyberproduction of the grids and is available to support all the other electronic commerce that we have. the third area at the you touched upon is i would say integrating the ideas of distributed generation and micro grids. as one example of project that helped shape our thinking i

2013 or 2012 that was done and public utilities commission and that went to the full board it wasn't approved. >> in the last round it didn't run the full process because it didn't get the approval of our commission not presented further to the board so the expectation we'll present the not to exceed rates to the commission now thankful been approved to the to the board then moved to the board of supervisors for the thirty day period. >> i saw a 27 date for final rates to be approved is that action that is done similarly or the same action. >> that's not the same action but the rate fairness the puc the process board process will set a cap present final rates to commission on october 27th will be rate that are below that or we could not e won't take further action since their below that the charter requirements rate has been met we won't have to come back to the board for a second bite. >> the final rates if we don't take action they've set not to exceed rates. >> correct and but we may consider lower than that and done and puc. >> correct. >> and the board. >> the board doesn't see

currently unused power is sold to local utilities.to customers soon. >> coming up at 6:00. a bay area movement to support book stores goes national. >>> a warning for beach goers tomorrow. true drew tuma has the forecast. >> the most exciting two minutes in sports the kentucky derby had quite a finger. and the warriors and grizzlies square off tomorrow for game one right here >>> independent book severals across the bay area have cause for celebration today. today is the nation's first independent book store day. we were at pegasus book in berkeley as they joined 400 other stores across the nation offering custom efforts limited edition merchandize and author meet and greets. participates book stores have seen sales skyrocket. >> personality, each store run by people and you can tell. there's just every little aspect, little nuances of the store taken care of. >> today is also national comic book day. >> we're hours away from one of the richest and most anticipated fights professor in are police officer, the fight between floyd maywea

tweeting out the photo showing smoke in the area from a utility fire. traffic moving through the air. we did speak with dominion power. it says 200 people remained in the dark. >> angie, following more breaking news right now coming into our newsroom out of prince george's county. fire and ems telling us a woman died in a fire in an apartment in the oxon hill area. firefighters reported smoke. when they showed up found a small fire in a third floor apartment. a woman found in the area where the fire started with injuries. she was pronounced dead. there was a working smoke alarm in the apartment, but here is the problem. it appears to have been moved to a hallway apartment which may have delayed the warning found. i'm david culver. >> i'm angie goff. today is may 17. we want to check in with storm team 4 meteorologist chuck bell that tells us the clouds we're seeing out there are helping us out today. >> helping the threat of low to severe thunderstorms this afternoon. still a chance for a rumble or two. they probably aren't going to pack the punch they

>> reporter: >> guest: they have some they utilize and bring additional during the incidents. we want to make sure the dedicated public safety spectrum is there for public safety and if the big events happen there is enough capacity to surge. that is why it is important. >> i was going to ask you is it clear what size channel you will offer? 10 mega hertz capacity? or offer the carriers more? >> guest: it isn't about splicing up the spectrum. it is about building and deploying the network that will have a significant amount of capacity for the big needs. one of the things to look at is what the carriers to today. they have a hundred million customers in some situations. for public safety we estimated and put out in the draft rp documents there is 4-14 million public safety providers across the country. it depends on which explanation you use. the core ems personal is the big three. when you look at the additional first responders out there that number could grow. but it is small when you look at the population of the united states and the number of subscribers many of the carr

without objection this ordinance is passed unanimously >> item 5 is authorize the public utilities to use froforma agreement to purchase and sell electricity [inaudible] authrise thg general manager of the puc ichb such agreement to deviate from certain otherwise requirements of city law under certain circumstances and authorize puc within specified parameters [inaudible] renewable and green house gas power and related procts and services >> sthra minor aamendment i would like to add to the thise particular item on page 11 beginning on line 11 adding on number 6. within 30 dayoffs any agreement and our contracts authorized by the ledgeilation the final agreement or contract shall be provide today the clerk of the board for inyugz in the official file. i wonder if a member of the board objects to that? okay, so i move that item. 2nd by supervisor mar. amendment passes. can we take this item same house and call? without objection this ordinance is passed on the first reading. madam clerk can you call iletm 6 >> apruchb a lease agreement between [inaudible] and the city for approximately

prospective they have an ordinance day one the challenge is that when we're trying to do multiple utilitiesn the same street i think most neighborhoods think you'll go in there one time and one contractor and perform the work but if pg&e goes in there the contractor come in when they see the multiple contractor they think we're not coordinating you were just here why is something else here we need to do a better job of explaining we are coordinating but we don't have it under one count the other thing where each one of the utilities they're not in the same place the sewer is in the middle felt street and the gas is on this side as well and so at&t and tomcast it is difficult to you know extort coordinate that is one of the other challenges. >> thank you next door. >> the next it the update on the water sewer system and quarterly update. >> dan director of the water system program i'm pleased to report on the fiscal year 2014-2015 which covers january 1st through march 31st of this year you are in terms of overall program status it is 87 and a half complete our local program over 99 percent

approaches they can put utilities, onto help small business owners to install infrastructure we think that is a key piece. >> yes? >> i thought we were going -- >> yes, i apologize >> i have something to say. [laughter] i will be brief. i would say the biggest wish list as johnny pointed out, there say lot of money going to this and money targeted for disadvantaged communities, for my advocacy purposes to have effective facilitators, to make sure it's going to the right hands, director raphael, you talked in depth about the energy efficiency programs how your colleagues went directly into the communities, and were able to have a lot of success. that is it. period. if there is a similar program done for electric vehicles there say lot of money. i live on 26 lt and mission, i pass by the markets i see in the morning, trucks unloading produce for the day if those trucks were operating, electric vehicles, or hybrid or something like that having the targeting outreach is critical. the money will not be -- we don't have that targeted outreach exactly to that program, but for electric vehicl

a number of reasons likely contribute to this lower than expected utilization of the choice program. since last spring, va has used every available resource to increase its capacity to provide timely care that may have shifted some of the demand away from choice. va was slow in rolling out choice cards and in educating its staff. we also hear troubling reports of a significant lag time between when a va clinician determines a veteran is eligible for choice and a third party administrator can see the authorization in the system. finally, some veterans simply prefer to go to virginia. the bottom line is we do not have adequate information today and need to take steps to gather sufficient data before making any permanent changes. we must study private sector wait times and access standards, coordination of care, patient satisfaction, and health outcomes for those who use the choice program. mr. chairman, recently dav, vfw, the legion, iava and others wrote to congressional leaders to extend the mandate of the commission on care to allow at least 12 months for its interim report and at l

it also powers midwest utilities. gary peters, the other new freshman senator, one of the new 13 new freshmen senators from michigan mentions it powers our automobile manufacturing sector. so we are the saudi arabia of coal, globally speaking. we have more coal reserves than any other nation. in fact, montana has the greatest coal reserves of any state in the united states. i'm just concerned in looking at the review in trying to make sure we achieve the right balance here of the all of the above energy portfolio, clearly a state like montana, we have bright skies. we have solar potential. we have tremendous water resources and hydropower. we have great wind potential. but we also have oil, natural gas and importantly coal. there are two export terminals important to my state that are currently under review by the u.s. army corps, the gateway pacific terminal and the millennial bulk terminal. i was recently out with a member of the boilermaker union there in montana, a tribal member, looked at the importance of lookin

tweeting out the photo showing smoke in the area from a utility fire.ffic moving through the air. we did speak with dominion power.

little unusual or kind of very san francisco and the first one was a woman is a pilot and she wants to utilize drones to help her husband's business in doing soil engineering so and she wants to be based in san francisco even though likely the drones would be not in san francisco not much soil engineering i mean the kind of soil engineering she wants to do with drones and that's interesting and of course we have a mission native who came to our office because he has sort of developed a -- he worked on some bean ies with the logo system the logo sam sam and he wanted to know how to trade mark his name and get the business going and develop it as a product so then there is -- jane went over the business portal information for you so i won't repeat that and you have that here in terms of the first quarter of 2015 some accomplishments for the office and a couple of elements with the legacy business registry program commissioner adams talked about a meeting he was part of with dr. hudson and dr. lescent-giles and lisa paul, an attorney who does mostly residential condo conversions and also worked o

i as a utility regulator actually helped make those decisions. thank you. >> my time expired. madam chair, we have a simultaneous meeting in finance on tax reform. i need to slip out. i will be back. >> thank you. senator inhoff. >> thank you. i listen to different people and i am a rare thing i am not an attorney, most members of the senate are, it seems to me that the practical application of epa's proposal would require the states to pass new laws, revise existing regulatory systems. think of this, i think what's wrong with this picture. should it be the role of an administrative agency to be forcing states to take this kind of action? and general pruitt, is this consistent with the clean air act or how does that factor into that? >> thank you mr. chairman. i think as we discussed today, there's a question that keeps coming in my mind. if this is such a flexible arrangement that's offered to the states, if this is really within the bounds of cooperative federalism, why is it. epa presently is in process of developing a uniform federal implementation plan to put on the shelf