Question-and-Answer Session
Operator
Thank you. [Operator Instructions].
And we do have a question from the line of Brooke Mullin with JP Morgan. Go ahead.
Brooke Mullin - JP Morgan
Yes. Good afternoon. Can you just give us an update on AGLs option regarding SouthStar, if there is any conversations ongoing now and what the next SouthStar?
David J. Dzuricky - Chief Financial Officer and Senior Vice President
Thank you, Brooke. This is David Dzuricky. What we have is what’s disclosed in our 10-Q and there is a decision point that could come up November 1. The option is strictly in AGLs hands at this point in time. So, it would probably be better to check with them as oppose to us. We are here waiting to either hear or not hear from them.
Brooke Mullin - JP Morgan
Thank you.
Operator
Thank you. And we have a question from the line of Yiktak Fung with Zimmer Lucas Partners. Please go ahead.
Yiktak Fung - Zimmer Lucas Partners
Good afternoon.
David J. Dzuricky - Chief Financial Officer and Senior Vice President
Good afternoon.
Yiktak Fung - Zimmer Lucas Partners
I would just like to, again, update on if there are any funds to file a rate case within North Carolina or Tennessee?
David J. Dzuricky - Chief Financial Officer and Senior Vice President
You are breaking up, can you--?
Yiktak Fung - Zimmer Lucas Partners
Hello, can you hear me? Hello.
Thomas E. Skains - Chairman, Chief Executive Officer, and President
About the rate case in North Carolina.
David J. Dzuricky - Chief Financial Officer and Senior Vice President
Was the question are there any plans to file the rate case in North Carolina?
Yiktak Fung - Zimmer Lucas Partners
Yes, that’s correct. That’s correct.
Thomas E. Skains - Chairman, Chief Executive Officer, and President
Yes. This is Tom Skains. Good afternoon. We have, as you know not filed any general rate case proceedings this year. And that’s of course true and all three stage, the footnotes to that is, however, we do operate under Rate Stabilization Act in South Carolina, which were electing utilities such as Piedmont, it encompasses annual cost and revenue filings and rate adjustments that are provided for in accordance with the legislation in that state.
In 2008, next year, under the provisions of the North Carolina Utility Commission’s order that approved our last rate case, which included our decoupling tariff mechanism, that decoupling tariff mechanism is due to expire by its own terms unless Piedmont trial to extend it. So, it is incumbent upon us to make a filing in 2008, should we choose to extend that decoupling tariff that is certainly our intention at this point. And that is to make a filing in North Carolina to seek that extension along with truing up our costs and revenues, but that’s just our intention at this moment of course things could cause that to change, but I can anticipate that approving at this juncture.
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