But also we frequently think of Energy Efficiency in the context of investor and utility rate Payer Program seen by the commission. That is a huge important part of the Compliance Solutions that the we see but the other part, several non repair program so if you think about the amount of money spent on Energy Efficiency in the United States from the order of 50 billion including private sector investments consumers, utility investments, a longrange of things and the bulk of this is happening outside the ratePayer Programs and we want to make sure states and the opportunity to capture those benefits, take credit for them and also the we get the most costeffective option moving forward. A few examples of those i will go into in a moment but certainly the ratePayer Programs but also energy savings, performance contract in a public building sector, Building Energy code, commercial pays, industry investments in a range of other activities. Some key take aways i would keep in mind as you consider the clean power plant and how it moves forward the electricity system as many of you know what is already undergoing dramatic change, certainly a shift in natural Gas Generation was underway, we have dramatic improvements in Energy Efficiency in many sectors ranging from the kinds of things we all know about but also emerging building technologies, we had a congressional briefing yesterday on 0 Net Energy Buildings that you would be amazed to know the number of buildings emerging that produces much energy as they use. As will down the road in arlington, va. Just opened the does that. The first three Elementary Schools built in kentucky do that so there are those issues, certainly integration of the internet and controls over how we use energy in the electric system is also come to barista utilities have a great deal to deal with and the commission and state Energy Offices and how they work with them and get at the same time i think we all expect reliable affordable, environmentally sensible power to be delivered so it is quite a challenge, that is an important thing to keep in mind and how complex it is to deal with all these issues. The other take away i mentioned the moment ago is thinking about a different approach, i dont mean anything inflammatory but a reminder is that we have a wide range of options embodied in the new approach, a great document that includes many ideas and i would encourage you to take a look at that and considered the issue as you look at a clean power plant and what states are doing. Also insuring evaluation measurements and verification around Efficiency Programs are streamlined. Is a balancing act, we probably have a habit in the Energy Community of measuring to a great degree of accuracy and while that is important this is Serious Business keeping air quality, meeting air requirements is a Serious Business. We dont want to make it impossible for states to move forward. Finding that balance is a tricky detail and the focus of a lot of our work and of other organizations at least in this particular space. Assisting states with ongoing no regrets programs and activities. Continuing the dialogue we have had not only among the three end groups but also our members on the ground and that is the healthy and positive thing going on not only in this area but other areas of energy regulation, environmental regulation. A few things about ongoing activities. As bill mentioned we have been involved in working with both of their organizations for some time. We had a number of meetings noted here. Some agreement on principles in 2014 but we submitted to e p a the we encourage you to look at, places where we found common agreement around Energy Efficiency as a compliance measure, certainly around reliability and a number of other issues and those are worth noting. We have been working on compliance case studies. Looking at various Energy Efficiency areas typically beyond the ratepayer Efficiency Program but Energy Services industry, Companies Like johnson controls, the state Energy Office how they implement Energy Efficiency in public buildings so by way of comparison there is about 7 billion a year market in Energy Efficiency in public buildings. That is almost all privately financed. It is an opportunity we need to capture. There are additional funds at the federal level and many other examples. The planning sessions coming up in our meetings. As i mentioned we are working closely with the Energy Offices on no regrets options and the private sector associated with clean power plants but broadly to meet state and energy goals. One in particular worth noting we have a multistate tracking project going on in the Public Investment area trying to see where we can streamline activities in that space in terms of measuring the emissions that are saved to assess the with projects and the investment return and benefit to the taxpayer and energysaving then so forth and a similar project with the state of texas and a number of other organizations looking at building in a code compliance so existing codes that are on the books, what energysaving said they producing and how are we verifying that and what Emissions Reductions come from that. These are capturing existing programs that are costeffective in many cases on their own merit and we are not capturing the emissions benefits the weekend want to make sure we do that. In the industrial space there are great opportunities, largely private sector voluntary activities. We see that over and over again. There are state Energy Office is the operator assistance and financing programs for small and Large Industrial partners and stakeholders on the ground. The amount of savings that can be generated is enormous. Unless it is inside a Utility Program is generally not captured for Many Missions perspective that the state level some another opportunity. I think you get the flavor here. Just a chart that gives you a sense of the level of private investment in the public building sector at the state and local level. So right now we are at 6 million a year escalating over time, estimated to be 20 billion if you years down the road and these are largely private sector investments, savings from the project. The project over time, the emissions associated with that are welldocumented generally verified by contract. It is a great example and one of the areas we focus on. A number of ongoing activities in addition to coordination, i mentioned we are working with compliance studies in 7 or 8 areas. They are not all listed here but include use of power by the private sector whether it is at a Hospital University or industrial plant, as are more efficient way to provide power in some cases capturing emissions from that so we are developing case studies for states to consider how that works at the state level and how they king capture those savings and draft plan language. That may be sending a state can plug into their plan and we are coordinating closely on that. Many experts on the plan element but we are trying to provide as much as we can, packaged options staged news for the plan to move forward. We are doing that in other areas, building in rico but also retrofit of residential properties, existing federal programs, there is of wellknown Program Energy star, new homes those savings are well documented and put out by epa, generally not captured at the state level for compliance purposes under environmental rules. The epa is satisfied with that program and the way we operate, it is an Advantageous Program and private sector builders. All of these activities are leading up to that initial take away that i mentioned which capture the least cost approaches. If i were in an Energy Office trying to advise my governor, work with my partner agencies, we want to find a way to get to the least cost approach to compliance of picking up on private investments the voluntary program, existing policies, logical places to begin. The trick is how to quantify that, doing it in an economic and reasonably simple format and have verifiable savings common meeting compliance requires that as it should. Next steps where we are headed we will complete the efficiency pathways are case studies i mentioned over the course of the next couple months, we will submit those the Environmental Protection agency after our states had an opportunity comment on them. We have been working closely with them. Those will be submitted as options for the epa to consider and shared with other options. And another important area. And the benefit is broader in energy and their coordination, national air efficiency registry. One of the challenges as many private sector and voluntary programs are implemented around energyefficient see is who owns the efficiency credit, who owns the emissions reduction, is it verifiable, is it transparent . Registry voluntary registry is an opportunity for state and local governments to enter those projects meet certain criteria and have a means of verifying that. It may promote the ability of the state to count toward it, accounting for and manage eagle, and obvious linkage. And a valuable approach. And governance rules. The climate registries on substance moving forward. And Energy Offices the epa regional office, the department of energy, and their plan for the regional offices. Working across these representative members. At the end i want to reiterate what bill said, cooperation certainly among our members. Not only on this area but over the years. And least cost approaches to meet what our interlinked goals and challenges. Thank you. Now we will turn to the third leg of this stool, charles gray, executive director of the National Association of Utility Commissioners. And in 1999 he had been involved since 1979 serving in various capacities. And state commissions across the country, why is variety of issues i would deal with on a regulatory basis. It is electricity, gas and water, telecommunications and transportation. It varies across the country but covers a number of sectors. Obviously requires a lot of skill, wisdom in terms of being able to cross these sectors, with different concerns, priorities, resources in each of the state so we are glad to welcome charles gray. I have one slide and that is it. Thanks for the introduction and inviting the year these very glib speakers. And not attributed to any members especially since around cspan they are probably watching. I also have a second disclaimer, which is similar to what david said. Considering merits of the epa proposal, they have taken no position for war against moving forward with this. Very strongly opposing the proposal as well as supporting that. And as we get near the final roll, thanks for describing the national organization, i will just repeat 50 state commissions and the District Of Columbia and make sure we acknowledge the District Of Columbia is not a state. And importantly. Regulate retail electric Utility Services at the heart of this discussion. And the focus of the clean power plant. Important what that means many of the options bill has described in the menu falls squarely in regulatory jurisdiction of one or more state commissions and many other cases in the jurisdiction of the federal Energy Regulatory commission in areas of transmission for compliance options. As an example chapter 3 of bills menu combined heat and power is a longstanding issue before the state Public Utility Commission before i started working there in 1978, that it was called code generation at that time. The Public Utility Commission, interconnection of the plan to the grid. The owner of the chp facility, those things those decisions as our compliance option have to be vetted by the state Utility Commission as it is added to the state plan. Another example is retiring aging power plants Utility Commissions, if they are closed before their useful life is over to address if the plan hasnt been fully depreciated the decision itself to shutdown the plant may be required to be approved by Public Service commission. My point is that coordination in washington has been important, necessary, cross coordination between air regulators, in the states. It is crucial indispensable. There needs to be a dialogue Going Forward. Talking about the relationship of a coordination between the three associations has been continuous and beneficial over the last three retreat for years. Speaking from neighbors perspective a rewarding relationship throughout as david mentioned most of our work in the last yearandahalf is on Energy Efficiency. And Efficiency Program. With a love final rule that has gone to o m b and will be coming out soon. We will have to broaden our relationship now and look at other issues as the Energy Efficiency questions we have worked on before. I know that we will be eager to participate in a broad discussion with the three as we go forward. When the rule is out, what role will members play an effort to develop state Compliance Plans . David mentioned quite accurately and our members are going to be focused on two issues, reliability and affordability. As economic regulators of the electric services, state commissions and the Regulatory Commission responsible for insuring that wholesale and Retail Services meet these goals affordability and reliability. Members working closely with reliability issues over the last few months resulting in the letter to the epa on may 15th suggesting epa consider reliability safety valve. We have not taken a position as an organization on that proposal, but there is strong support among our members that the suggestion to epa be accepted and there be a contingency in case the Compliance Plans to raise reliability issues. In addition to the work on the Compliance Plans this is where my slide comes in america has been developing white papers and reports and response to what appears to be a growing interest in assessing what a regional Compliance Plan looks like or multistate Compliance Plan would look like. As reported this week inside climate news, 41 states are in regional groups exploring this multistate option including states that strongly oppose the cp p. Those suggestions even if you dont like it you should do it rather than have the feds do it. This is working in a lot of states that are not wild about the 4 hosel. For our part week released a report last month on behalf of the eastern interconnections state planning council. You may know what that is. What was issued about a process for how you would get states together to think about putting together a regional plan, the white paper at the link is right there funded by the department of energy for grant assistance and it is based on two premises first that it protects us. The grid is interstate, Compliance Plans under section 111 our state specific so there needs to be a connection and the second premise that drives this discussion is multistate, there have been a lot of studies, multistate Compliance Plans reduce compliance costs, improve operationally efficiency and strengthen reliability. A lot of growing interest in trying to see how far this goes. One of the questions is will states have time to put something together that requires a lot of work. The white paper we issued provide steps and a process to initiate a multistate approach. Contains a sample that states can look at it if you want to agree to as they come together, for their benefit. Our paper focuses mostly on process issues but there are some proposals, many proposals on what a Compliance Plan like this might look like. Probably the best known regional Compliance Plan is spreadsheet the Regional Greenhouse Gas Initiative which operates primarily in new england and midatlantic states, there was a story here, how to join reggie as well. Likely to see that as a model, cap and trade system which may, states seek to join the existing reggie or set up a similar kind of project in other states. Our friends at the regional transmission