Financier T. Boone Pickens told senators that the nation\u2019s energy infrastructure is sliding away unless it adopts plans for private industry transmission line development. Barring that, he suggested to the U.S. Senate Environment & Natural Resources Committee June 17 that the federal government take over building transmission lines from renewable energy sources to areas where power is needed. Pickens said that peaked out oil and the U.S. dependence on foreign imports is \u201cthe greatest transfer of wealth in the history of mankind.\u201d Senate Minority Leader Harry Reid (D-NV) noted that utilities have not made \u201cgradual investments\u201d in the transmission infrastructure over the last few decades. \u201cWe\u2019re left with an insecure power grid,\u201d Reid said. He promoted his bill--S. 2076--which allows $10 billion in bonding authority for federal agencies to build new transmission if private companies do not do so two years after they receive approval. At press time, despite both the House and Senate passing renewables tax extensions, the subsidies remain in partisan deadlock--with claims that any subsidy has to be tempered with an equal tax cut..