so mr. izzo had the plan. along with many other people in new jersey, to generate new renewable energy jobs that help with the employment in his company but in the state of new jersey as well. and, we don't want to invoke the law of unintended consequences and have the standard imposed upon the jersey and not have the jobs created in new jersey especially if they have the richest renewable energy resources to write off their shore. mr. anguish. >> mr. chairman, i think you make a good point but i would also suggest one other things, that it might make more sense in light of the objective of the legislation and it led to the fact we are entering into a little different world than we have in the past that really what we are trying to do here is maximize the amount of renewable energy that we get reduced all over the country. in fact, whether it is produced in one state for is is another state, as long as it is the most cost-effective way in which we can produce it and in fact make use of it across the nation i t

the point that mr. izzo is making and mr. jost as well is that using this postage stamp analogy, it doesn't cost 47 cents to really move a letter from new jersey to new york city. okay. probably costs less. but the average is 47 cents. so that someone from south dakota can mail a letter into new york city. and that we have this communications across the whole country. that's great. we accept that. it's the way it should be. what mr. izzo is saying is that if you do the same thing for electricity, and you make it the same price to transmit electricity in from the middle of america, to new jersey, as it would be to bring in off the coast line of new jersey, then that's going to undermine the economics of all the projects along the east coast because it hasn't factored in how much it costs to transmit that electricity 1500 miles all the way into the east coast market. and so the question then becomes, how many new jobs will be created along the east coast of the united states if there is no incentive any longer from mr. izzo bec

we thank you for being here, mr. izzo, whenever you're ready, please begin. >> mr. chairman and members of the subcommittee, i thank you for the opportunity -- >> could you move the microphone just a little bit closer. >> thank you for the opportunity to testify. and owns and operates electric generating capacity in the northeast, mid atlantic and texas. pscg has long supported policies to promote long renewable generation. we are planning major vestments in solar, off-shore wind generation and an energy storage technology that will make renewable energy more competitive. the question today is not whether we should vigorously promote renewable generation, but how. specifically, how should we use transmission policy to promote renewable generation at the lowest possible cost. this would include not just federal siding authority, but transmissions with cost allocation that are fundamental to determining how much transmission is built and where. there are two competing views on this, one view which i strongly favor is that governments should establish prices for extern

mr. chairman, you and your colleagues have taken an enormous step forward of transforming our nation's energy system to deal with the threat of global climate change. expanding and modernizing our transmission grid is essential to that transformation. by addressing transmission directly and comprehensively, you can address the and not be left stranded by regulatory impediments. our economy, and bramlett in national security deserve no less. thank you very much. >> thank you so much for your testimony for gore next witness is joseph welch, chief executive of officer of itc holdings ago that is the nation's first independent transmission company. we welcome you, sir. please begin. >> thank you and good afternoon. >> could you move that microphone and a little bit closer and turn it on? >> thank you and good afternoon chairman markey and members of the subcommittee. my name is joseph welch. i am chairman and ceo and president of itc holdings the nation's first and only independent transmissi

. >> thank you, mr. izzo. the next witness is joe nipper for governmental affairs of the american public power association representing the nation's more than 2,000 community owned electric utilities. thank you for being here and whenever you are ready please begin. >> thank you and members of the subcommittee i appreciate the opportunity to be here. we represent the interest of 2,000 publicly owned state and locally owned utilities across the country collectively serving 45 million americans. american utilities collectively own about 8% of the nation's transmission lines of 138 kilovolts or greater and the great majority is members of transparent that is dependent on facilities owned by oberst require of the electricity they need for their retail customers. our members report more transmission is needed in almost every area to serve a variety of purposes including increased use of renewable energy reliability and enhanced competition. in our view the single most significant impediment to getting new transmiss