Question-and-Answer Session
Very good. [Operator Instructions]. Our first will come from Heike Doerr with Janney Montgomery Scott.
Heike Doerr - Janney Montgomery Scott
Hello everyone can you hear me, okay?
Nicholas DeBenedictis - Chairman, President and Chief Executive Officer
We can.
Heike Doerr - Janney Montgomery Scott
I am hoping may be this is a question for David Smeltzer. If we can iron out what the impact of the Fort Wayne condemnation would be on PP&E and revenue and operating expenses. What percentage of revenue we could see a decrease, how much the operating expenses were relative to the base. Can you put some numbers around this for us, Dave?
Nicholas DeBenedictis - Chairman, President and Chief Executive Officer
I will give you a general answer and Dave can either give you a specific or quality fact like that. The Fort Wayne north system was losing money. So, it tells you that we are going to do better without it until we got rates than before. We have put a lot of capital in. We were arguing over how much we owed them for the sewer disposals that we used there plant for our customers. The range was we told them we felt we owe them 300,000 day excess for 2 million, and we settled it 450, which was reserve. So it takes a lot of those question marks out now. So for 08, it's going to have a positive effect, because we are basically getting money for an O&M contract, which is breakeven at worse. And we also don't have the losses incurred through 08. On the other hand, if we had gotten a 100% rate increase, then it would have been making money. Dave will give you the specifics for 08 and it's really is relevant for 09, because they have taken it Supreme Court rule 352 [ph] in their favor.
David P. Smeltzer - Chief Financial Officer
Yes, I don't have handy the revenues or expenses.
Heike Doerr - Janney Montgomery Scott
Okay.
David P. Smeltzer - Chief Financial Officer
But we feel great, actually improves the results when that go well, but I can get you those detail.
Heike Doerr - Janney Montgomery Scott
Okay, we can handle that offline. And Nick maybe as a bigger picture customer growth question, I know that the target had normally been 4, 7, 10, 5. As the company gets bigger and 4% customer growth is difficult to attain, do we scale back and think that maybe 3% or 2.5% is a more realistic annual run rate.
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