There are stacks outside if anybody gets hungry here. Are you ready . High, everybody. Im daniel yergin, director of new america and im pleased to welcome you to this discussion today on the electric car. And also very happy to welcome the viewers on cspan2 our discussion. We are going to be talking about a terrific book today called the great race by levi tillemann. Its a very timely book. This is really the fourth time that the electric car has appeared on the scene and the first time was when Thomas Edison was a great proponent of the electric car and spend 1 million in the dollars of that day which would be many millions of dollars to date over a very continued trying to develop it. He promised the head of the biggest electric Utility Company in america that he was going to give them lots and lots what a great market would be. It didnt work out. There were two more episodes and then finally we are here today. It is challenging to write a book on this subject, and to write the book
Table would agree with that. I think your comment earlier, about statings needing to Work Together is exactly correct. To my friend from wyoming, my local utility, the Los Angeles Department of water and power just concluded a very large agreement with a wyoming wind company to import windgenerated electricity from wyoming to help replace some of the coalfired energy that they have been relying on. They are actually takeing responsibility for being the largest demander in our state even though the electricity that we were using was coming from utah, as it happens. And there will be costs associated with transitioning away from the coal and into the wind. But overall the net of it is that los angeles ratepayers will still be doing okay because the utility is taking steps to help their customers become more efficient in their use of energy. And that, i think, is kind of the critical ingreed yent here. If our rates go up because of new investments were making, that has to be offset somewh
Is doing pretty well. And the question is a cleaner environment and a stronger economy. I think youve answered that. We think the answer is yes, you can. But its a false choice. I think most of you at this table would agree with that. I think your comment earlier, about statings needing to Work Together is exactly correct. To my friend from wyoming, my local utility, the Los Angeles Department of water and power just concluded a very large agreement with a wyoming wind company to import windgenerated electricity from wyoming to help replace some of the coalfired energy that they have been relying on. They are actually takeing responsibility for being the largest demander in our state even though the electricity that we were using was coming from utah, as it happens. And there will be costs associated with transitioning away from the coal and into the wind. But overall the net of it is that los angeles ratepayers will still be doing okay because the utility is taking steps to help their
Actually it is. Its under water. Youll see a bunker sticking up out of the water about 500 feet out. It used to be about 500 feet on the land. Now its 500 feet out in the water. Something is going on here. We dont make this stuff up. The key is for us how can we have cleaner air, how can we address the issues of rising waters . Delaware is the lowest lying state in the country. Its a real problem for us. In order for us to address this, we need to figure out how to do it together. And im not interested in seeing epg jam anything down your throats, but we need to figure this out together. It seems like you export a lot of electricity. Any understanding of the rules being contemplated here, you dont get a lot of credit for that. The credit goes to california and those other states. We have to be able to figure out how to deal with that. I want to ask you a question of the lady from california. It sounds to me like youre doing pretty well and you possibly have a cleaner environment and a
Screeria nigeria. Environmental officials from california, indiana, wyoming, wisconsin and new york testified on the hill this week on the challenges and successes with the epas Greenhouse Gas emissions rule for power plants. The Senate Environment and Public Works Committee convened the hearing. Senator jim inhofe chairs the committee while senator Barbara Boxer serves as Ranking Member. This is just shy of two hours. Good morning. Before we begin let me get clarification Senate Armed Services committee embraced by everyone but well use it that is when we hit the gavel whoever is here well go by the early bird well go by seniority. Then those who come in after the gavel well get to them after everyone is already taken care of. So with that ill make note of who is here. If you would do that. Well bring this meeting to order. Great to have the panel. Had a chance to meet each one of you. I really do think the most important thing when we get into these rules and regulations is the state