So the thing is that the utilities that were involved in the MISO, when the new law goes into effect, you are going to have the mandatory reliability standards which will put in some discipline into those organizations to do certain things.

So from a practical point of view, the reliability standard organization, say, NERC, if they get the job, would say this is really needed.

What if the mandatory reliability organization says that we need a transmission line in order to improve upon the grid, and the States say we are not going to do it?

That protocol would have to be worked out, because you have different situations in different States.

So you don't think the SMD rules are going to force people, as Mr. Kerr has suggested--or, no, Mr. Kerr.

Delay is just the kiss of death to investment.

I want to make sure that since this new incident on August 14--that there isn't anything new that has come to the surface that ought to be reflected in that language.

I do think that the regional model is clearly the correct way to go and also the common sense way to go.

I do want to strongly urge from the Commission's perspective, that is kind of down a little bit more in the trench, that we really do need the Congress to say this is what the energy world is going to look like.

May I ask you something? Are you part of PJM?

I think some people were saying delay 3 years or something like that, and my personal feeling is that we have waited too long.

You do not necessarily have to do this today, but there are different jurisdictions.