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unnecessarily delayed. delay is cost, and you create uncertainty. pretty soon, people are afraid to invest one would need to be invested for us to create a cleaner, more productive form of energy that is safer than other forms of energy. my goal has always been that we should have cleaner energy. we want american energy, not imported, wherever possible, we want safe energy, we want cost- efficient energy energy that does not place an unnecessary burden on our people and our economy. nuclear power fits all of those. it might not be the total solution, but it fits all of those qualities. i hope, pray, and urge that you do your job to make sure we are safe, make sure it is operating safely, but do not be a burden on our ability to meet the needs for increased electricity in the future by blocking a reasonable cost development of new sources of nuclear power. i have noticed that in alabama we have a shutdown of power. we have power failures to our nuclear plant at browns ....
no, he was in switzerland. i ll send you the chapter. okay. he was in switzerland, and he found the care pretty good there. he found so in switzerland, i read the book, and he interviewed they had a battle there several years ago, and to regulate the insurance companies, and the conservatives fought it, but now they are very happy with it, and they interviewed a conservative, and said since this reform, has any swiss citizen gone bankrupt because of the health care issue, and as you know in this country, about 50% of bankruptcies or more are in some part caused by health care challenges, and he said, has anyone in switzerland since the reforms gone bankrupt? he said, no, that would be a shame. that would be a disgrace. [laughter] and, you know, they made these reforms in switzerland. senator feinstein, thank you very much. i know you have other obligations. thank you very much for being here, appreciate it. now we ll welcome our panel. steve larson, john ....
you for your patience, and congratulations. [applause] thank you very much. the owner of the place we are standing right now, with us today is one of the straight shooters who was with us throughout the process. good morning. welcome to potrero power plant. i m president of the california operations of a company called genon, which is a new name to most of you. it is the result of a merger between the company you do recognize and reliant, which took place just a few weeks ago. it was a little over three years ago that a number of us attended an event just on the other side of our offense, celebrating the signing of a term sheet agreement that in many ways anticipated today, and i would say it has been a bit of a roller coaster to get from there to here, but we are here today and happy to celebrate this event. it is a day of mixed emotions for me and my colleagues. on one hand, we are happy to celebrate this milestone, which will eliminate the last big power plant in ....
dirty power plant in san francisco, so the big question we have been asking is not whether this goes away, but when does this go away. today, you will hear the official announcement. the first one to try to answer that question there will be two people doing it is our mayor, who was so instrumental in making this happen, mayor gavin newsom. mayor newsom: thank you for coming out. i know it is called, and i know you are worried because i get so excited about some of these issues. this is something that is near and dear to all of us. we would not be here had it not been a point of intense purpose and passion that unites all of us in terms of our desire to shut this power plant down. there are a lot of champions of this effort. most importantly, the community. the people of the southeast sector that demanded that we reconcile the fact that we had two of the most polluting power plants in california that were operating not too many years ago. we were successful finally ....
two people doing it is our mayor, who was so instrumental in making this happen, mayor gavin newsom. mayor newsom: thank you for coming out. i know it is called, and i know you are worried because i get so excited about some of these issues. this is something that is near and dear to all of us. we would not be here had it not been a point of intense purpose and passion that unites all of us in terms of our desire to shut this power plant down. there are a lot of champions of this effort. most importantly, the community. the people of the southeast sector that demanded that we reconcile the fact that we had two of the most polluting power plants in california that were operating not too many years ago. we were successful finally in shuttering the hunters point plant in 2006, and we then turned our intent attention intensely on shutting down the potrero power plant. to say so is quite easy. we can hold hands, passed resolutions, have candlelight vigils and talk about ....