These mitigations that they be used to sure up the transmission lines or some of the other things that its meant to mitigate, that via contract or the intention was for mitigation fee, correct . Thats correct. And so, i think whats going to happen is if we have every 100,000 to the budget and finance committee for the same purpose over and over again, that might earn be the best and highest use of our time. Not the puc has come up with alternatives to make sure we still have oversight over it. Can you explain that a bit . Yeah, i think we would recommend that those funds be held on the controllers reserve and we work with the controller to provide reports to the board on expenditures of funds in excess of 100,000 so that it can be done in effect an administrative matter but still reported to the board in a way the board feels like it has full knowledge and ability to control it if there is something going awry. Why dont we go to the budget Analyst Report. [speaker not understood] repor
That it can be done in effect an administrative matter but still reported to the board in a way the board feels like it has full knowledge and ability to control it if there is something going awry. Why dont we go to the budget Analyst Report. [speaker not understood] reported under the proposed ordinance, the initial mitigation agreement between north star solar and puc would be for 2. 9 million for a procurement of transmission capacity. However, the budget they gave us is actually for higher than that. It is about 2. 9 68 million. Although they didnt have any kind of detailed expenditure plan. So, we are recommending a budget and finance committee reserve on those funds pending budget details. I believe they concur with. The second recommendation was this would in fact proactively approve 35 future such mitigation agreements, total of expenditures up to 28. 3 million, with no further board of supervisors oversight. We do consider that to be a policy matter. We further recommended th
And theyre the losers because they wanted to buy and icy. Cme group down 2. 5 . The deal works out to 33 a share, a dirty premium. You have them all Electronic Exchange just 12 years old based in atlanta with the size and scale of commodity futures like Brent Crude Oil plus Interest Rate derivatives is huge and you combine it with the parent of the Oldest Exchange in the u. S. 200 years of independence. Charlie gasparino taking us through the day. When you got the first call yesterday and broke the story, what did you hear . Charlie the journal had a first headline, i heard something about this. I do not confirm the first interview but they had headlines of the merger. I was hearing it was a full out acquisition, the New York Stock Exchange getting bought by the Intercontinental Exchange and that blew me away. It is an amazing story. We fight for seconds here. Going on the air, basically saying at the New York Stock Exchange about the taken over, this is not a merger of equalss, this i
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