11 15, london time. If you look at the dollar, its heading higher. Thees speculation that next head of the Federal Reserve will be hawkish. There is a little bit of concern about north korea. That also gives geopolitical risk more of an impetus. Touch,o is weakening a as investors weigh during the standoff in catalonia. That is the expectation that brexit talks are heading for a breakdown. I am also looking at gold. Lets get straight to the bloomberg first word news. Reporter north korea has warned that a Nuclear War May break out at any moment. The comments come as the u. S. And south korea began one of the largest joint naval drills in the peninsula. Un expressed that his country is a Nuclear Power and warned the entire u. S. Mainland is in range and called north korea responsible nuclear state. Brexit missions to aussels might have been flop. According to a person familiar with her teams views, Senior Administration are now losing faith. Mitch mcconnell has presented a united front,
Foundation chicago is. Working with jurisdiction to my counties, millions of dollars going in to help them really look at what the practices are people sitting in a room, its incredible. It is happening. Is the think its where we need to be. Live this morning inside the Montgomery County correctional facility inside one of the Housing Units there. Mr. Green is the director for the county department of corrections and rehabilitation. Go ahead. You are on the air. My name is thomas and ii had experience from both ends of the spectrum. Im in a licensed therapist and a lot of the programs give a lot of credit. Really interested in change. But there is enough responsibility amim sorry, enough plane, responsibility, and complicity to go around. The reasons forward when the inmates, their behavior, from an, from an ethnicity standpoint blacks blame whites, whites and blacks. But there is enough responsibility for both. When it comes to the judicial system there is a factor we fail to look at.
System purchases that we might need to make. We purchased biomass and wind from various facilities in california and in the west. And at the time of this reporting we totaled between 2011 and 2012 a balance of Renewable Energy credits of 53,544 megawatt hours. We utilized for our own rps compliance 80,185 and that is drawn from that mix of Renewable Energy credits that we generated and owned and those that we purchased. This is certainly not asking you to speculate on this hypothesis. Yes. So does the commission have any qualms against using Public Utilities commission purchasing electricity on the market because they did express those qualms when they came to cleanpowersf. What is the difference, you think . I think the fact that our underlying resource is 100 greenhouse gasfree. Through our own hetchy system and because we have more of that power than what we consume, our ability to be a net contributor to the greenness, i think, is an influencing factor on their comfort of using Ren
Be more on the water side than the energy side. I mean water and electricity are very different things, but as resource, there is probably many more people in the bay area who get benefit from the water then get benefit from electricity. So you could look at it that way. Sure, you could. With the bulk of the percentage or proportion on water versus energy. And just so im being clear in describing to you the method that we are using, while each asset is categorized as either a water, a power or a joint water and power asset, the sharing of the costs is applied uniformly. So we didnt look for example at mountain tunnel and say, what is the split for that particular asset . The whole system was assessed and the 55 45 was the resulting allocation. And with respect to mountain tunnel, it is a joint asset. It does provide both water and Power Service to the hetchy system. It conveys water that is held behind Drinking Water that is held behind oshaughnessey dam and throughs through the dam th
Its one system, many times one in the same asset is serving two purposes. Other times, assets are strictly dedicated to providing Water Service and districtly dedicated to providing Power Service, but those providing both components we split those costs between water and power ratepayers. 55 to power and 45 to water. That is an historic that is an historic method that has been applied to the hetch hetchy system for all upcountry facilities. We arrived at that method its referred to as the separable cost methods where you look at what it would have cost to provide the Water Service separate from the Power Service or the Power Service separate from the Water Service and see how the costs would have broken out . When we performed that analysis some years ago, utilizing consultants, we arrived at a figure a split, went into negotiations with our wholesale water customers, who also had views on how these asset costs should be shared and arrived at the 55 45 split. This is a method the separ