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Thank you, madam chair. And thank you for holding this hearing. I appreciated. I know this is a focus, this panel on cybersecurity but weve also talked about reliability and a new the next panel can focus on the. I appreciate your willingness to move forward on figuring so quickly after your taking the chairmanship. I like to ask a couple of questions because we have great experts here who may be can give us a preview of what were going to next also for us to be able to compare and contrast with her from some of the industry folks. First i guess, chairman lafleur id like to hear from you a little bit about what you think we ought to be doing in terms of reliability. You were quoted as having said am also very concerned about the price both the applet magnitude of price spikes and increase we saw this when it when we see the ice spikes its a symptom protecting reliability is causing this issue. Can you elaborate on that . Is that an accurate quote . Yes, but always in the context. We ha
New-yorkUnited-statesArkansasLouisianaCanadaTexasVermontKentuckyStanford-universityCaliforniaDelawareWisconsinLike to hear from you a little bit about what he think we ought to be doing in terms of reliability and price spikes. You are quoted as having said, im also concerned about the price, but the absolute magnitude of the price and the variability. Nbcs price spikes of the symptom that protecting the liability is causing this issue. Can you elaborate . Is that an accurate quote . You never know. The quote was in that context, somebody had said we are mainly here to worry about reliability, not price. I made the comment, well, they are closely related. When you see the extraordinary price spike as we saw in some regions of the country in january and february, that means the grid operator is doing very unusual things to keep the lights on. That ultimately goes into customers pocketbooks. We need to say, why is that happening . What can we learn from it . We are in the middle of probably one of the biggest changes we have ever seen, particularly the increased reliance on natural gas to genera
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