Frank Pallone actually said...

"Thank you for holding this important hearing to provide us with a historical perspective on how our system of electricity regulation has evolved."

"the Federal Power Act has weathered these changes, but whether it remains fit for purpose for the electricity industry in the 21st century is an important question to consider."

"I think it is probably fair to say that at the end of this inquiry, you would come to conclusions that changes to the power act need to be made."

"I would tend to prefer, as much like the Federal Power Act statutes, that are broadly written, that delegate broad authority to the experts and allow them the flexibility to adapt to changing market c..."