Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Rich Wesolowski - Sidoti & Company.
Rich Wesolowski - Sidoti & Company
Anthony, how much of your diesel consumption is hedged and at what average price?
Anthony Slater
Based on current volume, we're approximately 30% hedged on total diesel gallons. And the rates on that, Rich, range from $2.52 per gallon up to $4.25 per gallon.
Rich Wesolowski - Sidoti & Company
Okay. Diesel had been coming down throughout the December quarter. Am I correct in assuming that if it stays at this sort of level, you won't have any more mark-to-market changes but you will see a benefit from the consumption?
Anthony Slater
Absolutely. As the price per gallon at the pump, if it continues to decline or stay steady, we'll of course benefit from that. Of course, the marked-to-market adjustment is based on forward curve estimates, which has been very volatile of late, but we certainly hoped that we've leveled out on the level of exposure with the marked-to-market adjustment.
Rich Wesolowski - Sidoti & Company
Okay, your core Distribution sales guidance, I think it started the year around a $585 million or a high $500 millions midpoint. Now we're probably at about a $500 million midpoint. Is the current guidance based just on the existing conditions at your customers' plants or are you now baking in a cushion for further delays beyond what you've already seen?
Eric Pike
Rich, I think right now we're just basing it on what we believe our customers, in terms of what they're telling us that they see out through the next six months, five months, and they're not seeing a lot of work beyond where we are today, at least in terms of staffing levels on the Distribution side.
Rich Wesolowski - Sidoti & Company
Do you guys have an estimate or care to release an estimate of your revenue-producing headcount?
Anthony Slater
The total headcount for the company is approximately 5,100.
Rich Wesolowski - Sidoti & Company
And then lastly, can you talk about the pipeline of the, at least by Pike's standards, larger engineering and substation awards that would apply to your acquired business? Is that larger or smaller or about the same versus the last call? You've won a couple; have you lost many of those?
Eric Pike
We really haven't lost any. We've had some that we have bids in, Rich, on various wind farms that the bids have been postponed due to the credit market. They're still outstanding; they've just been pushed back, the awards, either in Q3 or Q4. The ones that we have bid and have been successful were the owner engineering accounts that I mentioned during the script.
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