Question-and-Answer Session
Operator
We will now begin with the question-and-answer session. (Operator instructions) Our first question comes from Paul Ridzon from KeyBanc. Please go ahead.
Paul Ridzon – KeyBanc
Good morning. You've got, aside from Cleco Power, how many RFPs has Acadia been into and can you just give a little more detail on the calendar when we should see those results?
Mike Madison
Dear Paul, thanks and good morning.
Darren Olagues
We are actively participating in four long-term RFPs and a number of bilateral discussions with regional counterparties. I think it would be too much information to discuss exactly when we would expect each of those RFPs to be finalized. But I do think that, that probably the next quarterly call, we will have some news and we'll probably be in a position to talk about the results of some of those RFPs.
Mike Madison
I've been very pleased. I think Darren has well, with our new partner Cajun, which is I guess the company that King Street has -- or subsidiary that King Street has identified to be our partner. And they have been extremely aggressive in both the short-term and long-term RFP process. And that's about all I can say other than I'm very pleased with how aggressive they've been.
Paul Ridzon – KeyBanc
You've got some mark-to-market earnings in the quarter. Is there any time when those have to reverse by? What's the data on the contracts? And when should these reverse?
Kathleen Nolen
These contracts are as long as three years out or backing up at long-term fixed price contract with the municipal system. So at least within this year, there is no reason for them specifically to reverse other than market movement.
Paul Ridzon – KeyBanc
(inaudible) is that gas price increases are gains on your books?
Kathleen Nolen
Sure. That's right.
Paul Ridzon – KeyBanc
Just give an update on the potential size of a transmission investment.
Mike Madison
That's probably one of the reasons why it's taken us so long. In the discussions we've had with our neighboring utilities, it varies on how much the obligation of each of the utilities would be. I think a range and quite frankly, it's a large range, because of the debate and it can run from anywhere from say, maybe 50 million to over 200 million. And just dividing that up with respect to who gets what benefit, therefore who gets what cost allocation, has been very difficult. I remind everybody, we don't have an RTO in the southeast region. But we do have the Southwest Power Pool which is the Reliability Coordinator. And we've relied on them very heavily to do the energy balances to try to determine what the cost benefit breakdown for all the parties are and that has been, as you might imagine, a very, very long process.
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