Damn those Republicans...damn that Bush...He knew...
AGENCY: Federal Energy Regulatory Commission.
ACTION: Notice of Proposed Policy Statement
SUMMARY: The Federal Energy Regulatory Commission (Commission) proposes a new pricing policy for the rates of transmission owners that transfer operational control of their transmission facilities to a Regional Transmission Organization (RTO), form independent transmission companies (ITCs) within RTOs, or pursue additional measures that promote efficient operation and expansion of the transmission grid. The proposed policy would create rate incentives that reward RTO and ITC formation and grid investment, because independent regional grid operation and coordination will improve grid performance, reduce wholesale transmission and transactions costs, improve electric reliability, and make electric wholesale competition more effective in ways that benefit all customers. We invite comments on the proposed policy statement.
"...changes that many of us thought were important and necessary that we tried to work on during the Clinton administration under Secretary Richardson's leadership."
Richardson (moments before):
"In the Clinton administration, everybody yawned about this, [saying] oh, we don't need to do this. Oh, we don't have a crisis,"
BWAHAHAHAHAHAHAHAHAHA!
Priceless. Even though doubtless (I didn't see it) Larryking didn't pick up on the juxtaposition. Not so much that he's too biased, as that he's too stupid; and too focused on his own (stupid) questions to actually listen to the guests.