This is an hour and five minutes. [applause] [applause] these welcome margaret spellings. [applause] thank you for joining us today. As the announcer said, i am margaret spellings, the president of the bush president ial center in dallas, texas and i am so glad to see so many familiar faces with us for a special announcement. We would like to thank our supporting founders without whom we would not be here. The moody foundation, our friends are sitting on the front row is leading the way and their gift is making this possible. They are joined by two other foundations and the representatives from those organizations are with us today. Thank you to my partner and best friend Bruce Lindsey of the Clinton Foundation and my friend who is the ceo of the Library Foundation and the chairman of the lbj Foundation Library board in austin. Our National Archive partners are led by the affiliated libraries are here with us. And smu, Clinton School of Public Service at the university of arkansas, tex
As he turned to walk away i said you should come too. He said you want both of us . Youre both good friends. Weve been friends all these years. And just couple to couple. Yeah, that would be great. Think about that. He said i will. And they did. And thats just a great honor to have them both out. Theyve been just good friends of ours for all these years. Bill and hillary have provided i think great leadership for our country in the past and in their respective ways. I served on the can he in the snath under ted kennedy with Hillary Clinton all the time she was in the senate. We had great working relationships in the snath. I think she just did an outstanding job as our secretary of state. In fact, as we traveled around the world the last two years, the just amazing how stature that Hillary Clinton globally among women and girls all over this globe. He has kind of let, lit a fire among women and girls around the world. In heyre just holder her high esteem. Theyre all expected to speak a
Power below cost, there just is not enough money to do all the things that are good and that we would want to do. And, so, the fiscal plan for the pucs power enterprise was balanced the last two. Previous to that it was not balanced and it showed a shortfall. But it did you point out that it is relatively straightforward if we dont have more revenues to pay for costs, we could only buy what we can afford to. So, here again now, we fast forward two years three new pieces of information mean costs even larger than what we have ever assumed. Mountain tunnel was already in last years capital plan [speaker not understood]. It was in it for the last several as far as the maintenance work, but it was in at 100 million of cost. With the potential for collapse of the mountain tunnel which would disrupt the water supply and a recently completed engineering study, though costs have gone upwards of 6 28 million ~. So, that, sir, is new, and i do understand that that would be a very surprising and
90 million, 30 million each from programs that we really want to do. But if we continue to provide power below cost, there just is not enough money to do all the things that are good and that we would want to do. And, so, the fiscal plan for the pucs power enterprise was balanced the last two. Previous to that it was not balanced and it showed a shortfall. But it did you point out that it is relatively straightforward if we dont have more revenues to pay for costs, we could only buy what we can afford to. So, here again now, we fast forward two years three new pieces of information mean costs even larger than what we have ever assumed. Mountain tunnel was already in last years capital plan [speaker not understood]. It was in it for the last several as far as the maintenance work, but it was in at 100 million of cost. With the potential for collapse of the mountain tunnel which would disrupt the water supply and a recently completed engineering study, though costs have gone upwards of 6
Previous to that it was not balanced and it showed a shortfall. But it did you point out that it is relatively straightforward if we dont have more revenues to pay for costs, we could only buy what we can afford to. So, here again now, we fast forward two years three new pieces of information mean costs even larger than what we have ever assumed. Mountain tunnel was already in last years capital plan [speaker not understood]. It was in it for the last several as far as the maintenance work, but it was in at 100 million of cost. With the potential for collapse of the mountain tunnel which would disrupt the water supply and a recently completed engineering study, though costs have gone upwards of 6 28 million ~. So, that, sir, is new, and i do understand that that would be a very surprising and large change. The Interconnection Agreement expiration, though costs have always been in our tenyear plan, but not to the recently filed and heightened levels by pg e, to ferc and cpuc. But lastly