Question-and-Answer Session
Thank you, sir. Ladies and gentlemen, we will now begin the question and answer session. [Operator Instructions]. And our first question comes from Ted Durban [ph] with Goldman Sachs. Please go ahead.
Ted Durban - Goldman Sachs
Hi guys. Question for you on the Mid-Tex case? I am trying to understand the adjustment of the $33.5 million that you are talking about for the next phase. How much of that is? I understand that part of that will be your CapEx recovery? Submit [ph], what you have as a GRIP filing, but now you are going to be getting O&M and what not. How much of that 33.5 would have been CapEx including GRIP and how much of it is more in the expense side and things like that?
Kim R. Cocklin - Senior Vice President of Regulated Operations
Good morning, Ted. This is Kim Cocklin. The GRIP bounced to about $10.2 million or that part of the filing that would have been associated with GRIP is about $10.2 million, and the $13.8 million represents the true up of the revenues that were generated during the period compared to the 9.6 ROE and the capital structure that was agreed to, and remainder is principally expensed.
Operator
And he has dropped out of the queue. [Operator Instructions]. And we’ll put Ted Durban back in the queue. Please go ahead, sir.
Ted Durban - Goldman Sachs
Yeah, sorry about that.
Kim R. Cocklin - Senior Vice President of Regulated Operations
Welcome back Ted.
Ted Durban - Goldman Sachs
Hey I don’t know what happened there. Just wanted to know the forward? it sounds like it’s forward-looking for O&M, that’s as of? is it of fiscal 2009 or is it of sort of when you filed it in April 14?
Kim R. Cocklin - Senior Vice President of Regulated Operations
We utilized the period ending December of last year as the base period.
J. Patrick Reddy - Senior Vice President and Chief Financial Officer
And Kim, when we make that filing can we take into? It will be non-measurable going forward.
Kim R. Cocklin - Senior Vice President of Regulated Operations
Yes.
Ted Durban - Goldman Sachs
Yes. Okay. So can you give an estimate of sort of what do you think you’ll earn ROE basis for 2008 and then presumably you’ll earn your 9.6% ROE in 2009 if you get the full filing requirement?
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