Question-and-Answer Session
Operator
Yes, thank you. (Operator instructions) All right, and we have our first question from Igor Grinman with Zimmer Lucas Partners. Go ahead, sir.
Devin Geoghegan – Zimmer Lucas Partners
Hi, it's actually Devin Geoghegan. Hey guys, how's it going?
Brian Bird
Hi, Devin.
Mike Hanson
Hi, Dev.
Devin Geoghegan – Zimmer Lucas Partners
Hey, nice quarter, congratulations.
Mike Hanson
Thanks.
Devin Geoghegan – Zimmer Lucas Partners
I'm just curious about the buyback. Let's say the guys that are getting the 2.4 million shares choose to just take their shares, will you guys execute the buyback on the open market anyways?
Brian Bird
Yes, Devin, if – unless it's a few, a small number of shares and we have completed, executed essentially what we set out to do, we'd expect that we'd buy approximately the 3 million-odd shares we talked about. So our expectation is people are going to take cash, but if the lion's share of the folks buy, decide to take their shares, we'll execute through other means to buy back the shares we talked about.
Devin Geoghegan – Zimmer Lucas Partners
Great, thanks so much, guys.
Brian Bird
Thanks, Devin.
Operator
Thank you. And next in the line up, Brian Russo with Ladenburg Thalmann. Please go ahead.
Brian Russo – Ladenburg Thalmann
Hey, good morning, guys.
Mike Hanson
Hi, Brian.
Brian Bird
Hi, Brian.
Brian Russo – Ladenburg Thalmann
It seems like you had a real solid second quarter, specifically with natural gas sales related to weather. I was just wondering can you quantify the weather impact on an EPS basis?
Brian Bird
I would just say for the quarter, Brian, it's approximately $0.04.
Brian Russo – Ladenburg Thalmann
Okay. And –
Brian Bird
That's weather in total.
Brian Russo – Ladenburg Thalmann
Okay. And given the above normal weather conditions, would you say you're more towards the high end of your guidance now?
Brian Bird
Brian, we're not going to – as we mentioned in our press release and as I mentioned here, we're not going to talk about where we sit in our guidance at this point in time.
Brian Russo – Ladenburg Thalmann
Okay. And then just on the Colstrip volumes, it looks like there was a nice increase from 2Q '07. I'm just wondering, in the second half of '08, were there any operating issues at Colstrip, or can you give me a sense of what kind of capacity factor it operated in the second half '07 versus your assumptions for second half '08?
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