I applaud you, Chairman Bingaman, for your leadership on this issue over many years.

I think is incredibly important, and for the privilege of introducing Dr. Ralph Izzo, who is the chairman of the board, the president, and the CEO of the Public Service Enterprise Group.

I appreciate you being here. Congratulations on your confirmation.

It seems to me that we need a system that helps various--several mature technologies to be achieved in order to reach our collective goal.

I look forward to those consultations because, you know, I appreciate what you want to accomplish. I am cautious about where you are headed.

Do you agree that, if we were to pass any Federal standards, that States should retain the ability to have their own stronger targets?

Thank you very much, Mr. Chairman.

Unfortunately, many of the results have shown that what was represented by the previous administration could not be farther from the truth.

That staggering figure stands in stark contrast to the industry's record losses last year which required taxpayer funding assistance to forestall an unprecedented meltdown.

I was skeptical, as were so many. But it was very clear to me at the time that had we not acted, we would have seen a series of banks collapse.

How does this money get to ultimately liquefy the credit crunch? How does it get to working families? How does it get to small businesses that need the loans to make sure they can continue to operate and employ people?