The Empire District Electric Company Q3 2007 Earnings Call Transcript

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2007-10-26 14:14:18.0

Tags: Empire District Electric Co.

Question-and-Answer Session

Operator

Thank you. Ladies and gentlemen at this time, we will conduct a question-and-answer session. (Operator Instructions).

And our first question comes from the line of [Anthony Crudel] from Jefferies. Please go ahead.

Anthony Crudel - Jefferies

Good afternoon. My question in 2010 I think the Plum Point and Iatan 2 project are completed and those units were expected to be online. Could you identify any large project that the company may undertake, once these generation projects are completed maybe in 2011 or 2012 or beyond that?

Bill Gipson

Sure, I will Anthony. As we announced Asbury with that, in the spring we’ve announced that Horizon Wind Energy project. We would be taking all of the outputs from Horizon, which is about a 100 megawatts [main play] capacity. And with that, we will also be adding a 50 megawatts combustion turbine, so that we can respond to the variabilities of wind generation with that [CQ] and I suspect that’s probably that comes on in 11, Anthony.

Anthony Crudel - Jefferies

So, the Horizon Wind Project seems I guess that’s more of an uptake agreement, but then you guys already contract 50 megawatts gas Combined Cycle Units?

Bill Gipson

Yes, that’s right.

Anthony Crudel - Jefferies

And that’s 2011.

Bill Gipson

2011.

Anthony Crudel - Jefferies

Okay. Thank you.

Operator

Thank you. And our next question comes from line of Selman Akyol from Stifel Nicolaus. Please go ahead.

Selman Akyol - Stifel Nicolaus

Thank you. Couple of quick questions, first of all in terms go into the regulatory process, how long that going to take you to get through next?

Bill Gipson

Well, it's mandatory or not mandatory, but it is an operational law date 11 months and if you take the filing on October 1 that would illustrates basically September 1 of next year.

Selman Akyol - Stifel Nicolaus

Got it, thanks.

Bill Gipson

And that’s we are able to settle all the things earlier.

Selman Akyol - Stifel Nicolaus

Okay. And then on the $0.3 million improvement in gas operations due to the equal of payments, you also lapping that going into Q4, Q1 and Q2 as well.

Greg Knapp

There is just a very small amount of that would be in Q4 of '06 that will go away; very small that was most of it was done by the end of the third quarter of '06.

Selman Akyol - Stifel Nicolaus

 

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