And fibers of the security and National Threat concerns. This subcommittee hearing is an hour and 20 minutes. This hearing will come to order. Without objection the chair is authorized to declare a recess at any time, welcome to todays hearing, the future of electricity delivery modernizing and securing our nations electricity grid. I want to thank our witnesses for joining us here today. This is such an important topic. Im a young guy as you can tell but ive read some history, what was like to build the electric grid a century ago. We couldnt of imagine the technologies we use to power our homes and businesses today. The real challenge was extending power itself in every form of our society and there was a challenge that those providing power make money in the cities in well Populated Areas with business and commercial opportunities, with electric the government made a basic deal, we would provide an a monopoly over providing power and a lot of these areas, firms would make a lot of m
Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
[inaudible conversations] the subcommittee on railroad pipeline and Hazardous Materials will come to order. I ask unanimous consent that the chairman of the authorized to recess at any time during todays hearing. Without objection, so ordered. I ask unanimous consent the members not on the subcommittee be permitted to sit on the subcommittee for todays hearing and with out objection so ordered. Members want to enter document documents the record please email it to document ci at braille. Gov. Com. Before we discuss todays hearing id like to take a moment to remember our colleague congressman donald paine c jr. O passed away two weeks ago. It was a privilege to work with donald on thena subcommittee. It was clear to all who knew him the strong commitment Public Service was for his constituents. Im grateful for the opportunity to work alongside donald putting together a bipartisan Pipeline Safety legislation. He will be deeply missed here on the committee and i want to send my condolence
The subcommittee on railroads pipelines and Hazardous Materials will come to order. Without objection so ordered. I also ask unanimous consent that the members not on the subcommittee be permitted to sit with the sub committed, without objection, so ordered. If members want to insert a document into the record please email it to documentsti mail. House. Com. I would like to remember our colleague congressman payne jr. Who passed away. It was privilege to work with donald on counterpart in is subcommittee. It was clear to all who knew him how strong his commitment to Public Service was and to his constituents. Im grateful for the opportunity to have worked alongside donald especially with leadership putting together our bipartisan bipartisanline safety legislation. He will be deeply missed on the committee and i want to send condolences and prayers to family, friends, and staff as they deal with this great loss. I will recognize myself for the purpose of an Opening Statement for five mi
These other television providers, giving you a frontrow seat to democracy. Next, officials from the transportation department, the American Gas Association and the American Petroleum institute testifying on legislation to ensure the safe handling of pipelines and Hazardous Materials, the house transportation and infrastructure subcommittee hearing is two hours. The subcommittee on railroads pipelines and Hazardous Materials will come to order. Without objection so ordered. I also ask unanimous consent that the members not on the subcommittee be permitted to sit with the sub committed, without objection, so ordered. If members want to insert a document into the record please email it to documentsti mail. House. Com. I would like to remember our colleague congressman payne jr. Who passed away. It was privilege to work with donald on counterpart in is subcommittee. It was clear to all who knew him how strong his commitment to Public Service was and to his constituents. Im grateful for the