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This is CBSI in the world.

I'm John Bachelor, Brownouts, Blackouts in the headlines in Europe,

in the United States in California as warning for the higher cost of electricity and energy.

And the inability of certain places in the US and in Europe to maintain electricity supplies

given the upset in Ukraine.

And at the same time, the adjustment, transition of the American economy to renewable futures.

I welcome Professor Richard Epstein, a senior fellow at the Hoover Institution.

He teaches law at NYU and the University of Chicago.

Writing for the Hoover Institution in its defining ideas column about FERC,

F-E-R-C, the Federal Energy Regulatory Commission.

The FERC is proposing now under a very long title, which I'll read,

building for the future through electric regional transmission planning and cost allocation and generator in connection.

And, quote, proposing rule changes, or right now notice a proposed rulemaking,

that can combine the shortfall of certain areas of the USA in Connecticut or California,

with the theoretical bounty of electricity and energy in a region.

...