Jack Reed actually said...

"One is we have to correct this issue, and my sense is that has to be done very quickly, immediately, for many reasons."

"But it doesn't preclude us and it shouldn't preclude us from taking the action to correct it and then wait for the commission's deliberations."

"I hope that we will and not wait for the Commission because there is a clear consensus we should clear the air on this issue."

"But, we are going to have to look for alternative funding mechanisms, frankly. I think you would concur?"