Kent Conrad: “I just want to assure him of a couple of things. No. 1, on this notion that we are asking for a different standard of…”

“I just want to assure him of a couple of things. No. 1, on this notion that we are asking for a different standard of measuring the cost-benefit test, that is true. And the reason is that the standard that applies in the law has no relevance to what is happening in North Dakota. The standard that applies in the law is designed to deal with river flooding, where the water comes and the water goes, and once the damage has been done you can rebuild. That is not the circumstance here. That is why everyone who has examined this circumstance has said the standard cost model is irrelevant.”