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Customer classes we are talking a 4. 8 bill increase. It seems like again, to see if im following that, can you go back one slide . It seems like both the pg e charge Delivery Charge went up, Power Generation charge went up, and the pca went down. That is correct. Why did our generation charge go up . Our generation charge is based off of we look at pg es rate. If you go back to our rate setting methodology, on page 5 of the presentation. Nothing has changed in our methodology. If you remember, we are starting off on component one from pg e is a generation rate. We are applying our Percentage Rate discounts. And then applying the pci a charges on the franchise fee surcharge to get to our cleanpowersf generation rate. The new components that you all included in the ratesetting methodology, that allowed us to remain co ....
I think it will be a pretty polished sort of thoughtful speech as opposed to just offthecuff. There is a lot of anxiety. You may have detected it already about the kind of tone that the president is going to strike. What kind of tone would you like to hear from him . I think hes basically economically focused. With theconsistent World Economic forum. He has spent a lot of time in that area whether its on tax reform which was successfully and whether its getting rid of regulations and other things to boost economic growth. I dont know what is in this speech. I would assume there will be a bunch of time spent on those and the goodness that can happen when you get an economy growing at a much faster rate than we did for the previous eight years. Erik blackstone is a global investor. You travel the globe almost incessantly. Is there a risk to the president and the United States if ....
The bank of england. It is almost as you get a 25 basis point rate cut. That is what the market expected eight. It is almost deja vu, anna. But how doom and gloom laden will the prospect before inflation . Anna a lot of focus on the bank of england. Let us get to the breaking news from the corporate world, numbers coming in from siemens. We have numbers coming in at 2. 1 9 billion euros, ahead of the estimate of 2. 09. So far ahead of the estimate, seems they are actually upping guidance once again. We her not long ago from siemens that they will basically be 670, that is the euro range. They had seen it at between 640, upping that guidance. We will talk later on to the Ceo Joe Kaeser. Well talk to him about that upgrade to guidance, just how convinced are they about how they can do in all of the energyrelated indices they have been turning attention to. Europes biggest Engi ....
Old smokestack. Let me set the scene. Conventional wisdom has been if oil goes higher, its a good day for the market and if oil goes lower, sell, sell, sell. Its a bad one. So, it went down two bucks. Got hammered. We saw the urgency of that formula writ large today because we learned jpmorgan has 44 billion in oil and gas exposure. Thats 44 billion in oil and gas exposure. Kind of like making it the exxon of banking with hopefully exxons discipline. Oddly given the plumeting price of oil, only 15 million in loan loss reserves. Even though 19 billion is loan portfolios. Say firms with junk bond status. Boo. Exploration production companies. The wos f the worst when it comes to who is paying anybody back. Jpmorgan said the Energy Company could cost them. Hey. 20 billion. But to me, having lived tlau low loss sickle i can only say give me a break. Im not buying it. Oil retreats hard here, they could double that number and i wouldnt ....