to introduce the first step in the implementation and compliance with california's new renewal law, vthe california renewable energy resources act. this law revises the renewable portfolio standards for electric utilities. the first step in this process is to adopt what is called the enforcement program and a statute for enforcement of the law. just to expand a bit on the outset of what the enforcement program actually is, it is essentially the process under which we will regularly come to you and report to you on how we will do procurement of renewal bulls under the new law -- renewables under the new law. the enforcement program establishes the process. i will start with just a brief overview of the legislation and what it does. it was signed into law by governor brown on april 12. it becomes effective on december 10 of this year. an important major goal of the legislation is to displace the use of fossil fuels for electricity production. with benefits of reducing pollution, reducing greenhouse gases, the production of a electricity. and to also reduce the price of volatility that come