Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Michael Lapides from Goldman Sachs. Please proceed.
Michael Lapides - Goldman Sachs
Hey, guys. Got a handful of questions, so I'll just kind of rattle them off and I apologize, they are not all necessarily tied to each other. First on the financing side, you did the 8.2 million forward share, forward sale of equity back in November. If I remember correctly, you had another one that wasn't fully tapped as well, what's left on that one?
Mark Ruelle
Okay, Michael we have got a $178 million remaining on the registration for the [Dribble] program, that is the agency issued program.
Michael Lapides - Goldman Sachs
Okay. Great, the second, the part you lost me a little bit at the very beginning at the conference call in terms of the transmission ROEs and the allowed ROEs. Can you walk us through a little bit about how that's going to work it's a little bit of rehash from the beginning of the call? How that works and how much of your rate base is that?
Mark Ruelle
Okay. I'll let Tony think about the exact number of the rate base, while I answer the basics of how it works. Our present authorized ROE has been in place for a couple of years is 10.8%. In December we asked for and it was approved to get a 50 basis points added on that for being in the SPPRTO. So, that takes our 10.8% to 11.3% and that will be effective June 1, for all of our transmission, jurisdictional transmission investment. But in addition to that, and only related to the one big transmission project, the Wichita-Salina project, we received an incentive ROE of 12.3%. So a 100 basis point added to our 11.3% applicable only to the Wichita-Salina line. So, that line and about $75,000 of equity attributable to that line will receive 12.3%. And Somma have a good number for the rig base.
Tony Somma
Michael this is Tony. Our total transmission rate base probably is around $300 million plus or minus.
Michael Lapides - Goldman Sachs
Okay, and is that all for FREC [trend] it has been meeting, none of that is ROEs and rate of returns are set at the KCC?
Tony Somma
Correct. So that $300 million if you split it 50-50 debt to equity, we get additional 50 basis points on the equity portion then for the line that Mark was talking about will have another 100 bps on top of that.
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