Thank you mr. Speaker. Placed step forward committee, and make your report. It is my honor and privilege to introduce the governor of idaho. Thank you, and good luck. [applause] mr. Speaker, mr. President , on behalf of the joint session we welcome you, and we look forward to your remarks. The floor is yours. Thank you. Mr. Speaker, mr. President , honorable legislators, distinguished jurists, friends, my family, our first lady, my fellow idahoans. It is my high honor and distinct privilege to stand before you today to deliver my 12th and final state of the state and budget address. It is my great good fortune to report to you that the state of idaho is prosperous, positive, and poised for even better times ahead. Our population is growing fast. Our citizens are striving for a future with more opportunities and even brighter prospects. And our State Government is leaner, more fiscally responsible, more transparent, more responsive, and better prepared than ever to help idahoans achieve
Pge. That is just ridiculous and think pge alleys putting this forward should think about what it makes them look to the public. Let me get to the other important aspect of the ordinance ballot measure and that schnookler issue. I have done work on clean power sf for 11 year jz a big part is knocking on door squz calling people on the phone and i explained this to thousands of people and the number 1 comment and get from people i have to convince is, i got the thing from pge and see in their advertising that they are the greenest utility in the country because they have over 50 percent Green House Gas free electricity. The reason that pge is able to get away with that is they claim Nuclear Power is Green House Gas free and clean. Green house gas free it isnt true. Anyone who knows the Energy Industry knows that a Nuclear Power plant because [inaudible] a lot of other inputs, even given Nuclear Power plant produces from 15 percent up to fifen 0 percent of Green House Gas emissions over
As close as they can in real time. We do that by arranging the energy with the grid operator. The idea of firming and shape sg you produce a specific amountf Renewable Energy and that energy is delivered into the grid but you can using all the resources in the grid shape it . Into a profile that supports your consumers demand. The same amount of Renewable Energy is produced from that product as from the product content in category one product and the product conitant cat tent 3. Renewable yeents are merely documentation that a given amount of Renewable Energy is generated and delivered to the grid. Okay. So, then just going back to my question, for category 3 that is the only category where potentially we would go outside of the state unless it is on the boarder and delivered within california but that is the category where potentially we could purchase Renewable Energy credits . The category 3 are sort of the most liquid, they are the most easily traded. It doesnt have to be a out of
Under sickz 3 of that porz thf code, what are some of the other categories that would fall under that . For example one of my concernicize potentially we can go outside california, we could obtain power that is potentially not clean and green so wonder if puc or [inaudible] can speak to that issue because i think is valid one the Initiative Measure was trying to address. Im happy to take a stab at that. So, under california state rules and the code that you cited the state created 3 sort of buckets or categories, we call buckets or proctcontunt categories. The first categories is a bundled Renewable Energy product. That means the purchases of the Renewable Energy acquired the energy with a Renewable Energy cred squt the underlying electricity prior to the generation of that electricity. It means the electricity was dlinch today the state of california. It doesnt mean the resource is located in the state, it could be located on the boarder, but under the law of category one resource has
January on better than forecast earnings syria take a look at the s p 500 a year to date shows 3 . Index of one point that is a look at the year to date chart. Up one point 36 . Nymex crude is on the rise. T is up just over 1 take a look at the chart there. That a year chart or is that today . Fourmonth chart down just over 4 . Trading nearnt bear market territory. Also looking at the fourmonth chart there. Ar market chart. Taking a look at consumer confidence, dropping the most since 2011. Where did treasuries and up . Where our treasuries trading right now and . Yield are still going out. That partly has to do with maybe the fed and the fact they are holding their first of their twoday meeting. Yields rising for the first time in a week. They had been declining in response to much of what we are the in china and around world. Finally, currencies take a look at the dollar rising for the first time in four days versus the yen. In stocks and commodities, that slow down. Stabilizing the