Will be our guest on the bus. Starting at 9 30 a. M. Eastern. Now, federal Emergency Management Agency Administrator testifies at a Senate Hearing committee on the federal response to the hurricanes that recently hit the u. S. Territories. This hearing has come to order. On the one hand, it is nice to see senator carper acting as my Ranking Member. But the circumstances are unfortunate, to say the least. Senator mccaskills husband is in the icu. Senator mccaskill is with him in missouri. We want to send her thoughts and send them our thoughts and prayers. I just mentioned, he had a massive heart attack, i think it was an internal did did you later that may have say defibrilator that may have saved his life. There is still blockages to worry about it additional surgery that needs to be done. To what the chairman said, keep them in our thoughts. Thank you. I want to thank our witnesses, not only for being here and your testimony, for what you are about to answer in terms of our questions
It is essential the process of providing liquidity assistance does not become detached from the fiscal process that is the essence of our charge. The longterm Solution Congress is contemplating the emergency supplemental should have formalized mechanisms to tie liquidity relief to the fiscal plans. Revision of those fiscal plans we are well aware as you stated we have to revise certified Physical Plant in light of the hurricanes devastation. This process will take several weeks, the board will hold 3 listening sessions in which all stakeholders are providing input to those fiscal plans as part of the revision process and also agreed with federal mediators to hold two additional sessions with creditor stakeholders. Our aim is to prepare revised plans. Deadline for the commonwealth to submit the use plans to the board descend the 22nd 2017 with revision through the certification date of february 2, 2018. Deadline for other entities will follow on the heels of that. Achieve transformation
The committee on National Resources will come to order. Were meeting to hear testimony on examining the challenges in puerto ricos recovery and role of financial oversight and Management Board. I ask unanimous consent for mr. Reev, gentleman from new york, mr. Surenno and the gentleman from illinois, mr. Cutearious and the gentleman from new york, ill be alowed to sit with the committee and participate . Thank you. Hearing no objections, that is so ordered. Under Committee Rule 4 f any oral Opening Statements are limited to chairman. This will allow us to hear from our witnesses sooner, therefore im asking unanimous consent that anyu other member be made part of the hearing committee. Clerk by 5 00 a. M. Today and without objection that will be so ordered. So first i appreciate the witnesses being on the panel. Lets start with it Opening Statements first and ill recognize myself for the original opening statement. We are here today to look at it hurricane impacted territories at puerto
The committee on National Resources will come to order. Were meeting to hear testimony on examining the challenges in puerto ricos recovery and role of financial oversight and Management Board. I ask unanimous consent for mr. Reev, gentleman from new york, mr. Surenno and the gentleman from illinois, mr. Cutearious and the gentleman from new york, ill be alowed to sit with the committee and participate . Thank you. Hearing no objections, that is so ordered. Under Committee Rule 4 f any oral Opening Statements are limited to chairman. This will allow us to hear from our witnesses sooner, therefore im asking unanimous consent that anyu other member be made part of the hearing committee. Clerk by 5 00 a. M. Today and without objection that will be so ordered. So first i appreciate the witnesses being on the panel. Lets start with it Opening Statements first and ill recognize myself for the original opening statement. We are here today to look at it hurricane impacted territories at puerto
Okay, second panel. Yall ready . And just like before, start out with Opening Statements from all the panelists followed by questions from members and i recognize thomas fanning. President and ceo of Southern Company. Hes here on behalf of electricity sub sector counsel. Tom, you have five minutes for your opening statement. Microphone please. Thank you. Thank you for inviting me to testify today. My name is tom fanning. I am the chairman, president , and ceo of Southern Company and past chairman of the Edison Electric institute, the association that represents all the u. S. Investorowned electric companies. Im addressing you today as my role as one of three cochairs of the counsel. We collaborate closely with our colleagues from public power utilities and rural cooperatives on escc. Im pleased to address the subcommittee and to chair the steps the electric Power Industry is taking to make Energy Infrastructure smarter and more resilient. Allowing us to continue delivering affordable a