Question-and-Answer Session
Operator
(Operator Instructions). Our first question will come from the line of Daniele Seitz with Dahlman Rose. Please go ahead.
Benjamin Fowke
Hi Daniele.
Daniele Seitz - Dahlman Rose
Hi. I just wanted to ask you a couple of questions on the CapEx. Can you give us an idea of the estimates on the costs of the wind farm?
Benjamin Fowke
Yea, the wind farm will be approximately 210 million Daniele.
Daniele Seitz - Dahlman Rose
Okay, and could you remind us of the total CapEx for this year and next year?
Benjamin Fowke
It’s about 1.9 billion.
Daniele Seitz - Dahlman Rose
And same thing for both years?
Benjamin Fowke
I’m sorry, what?
Daniele Seitz - Dahlman Rose
Same for both years?
Benjamin Fowke
Yea, I’m sorry that’s about the number for both years.
Daniele Seitz - Dahlman Rose
Ok, great and when do you anticipate, what are you thinking of, in terms of schedule on the IGCC at this time?
Benjamin Fowke
What we are planning to do is present it as an option for the commission to review when we file our least cost plan, our resource plan, in Colorado in the fall of this year Daniele.
Daniele Seitz - Dahlman Rose
Okay, and assuming that it takes a year for the decision to be made, would you start immediately at that point or is there some lead times, approximate dates you are thinking you could build it for?
Benjamin Fowke
I’m sorry Daniele, yeah, there are certainly lead times. The next step in the process, in addition to filing as an option, is to then do the feed study, which will take us into next year. Then we will understand if the project’s approved or not, and we’ll go forward. And if the project were to go forward I think you’re looking at the 2013-2014 timeframe, correct me if I’m wrong.
Daniele Seitz - Dahlman Rose
Thanks, appreciate.
Benjamin Fowke
Thank you.
Operator
Thank you. The next question will come from the line of Paul Ridzon with Key Bank. Please go ahead.
Benjamin Fowke
Hey Paul.
Paul Ridzon - Key Bank
How are you? Congratulations on the quarter. I had a couple of questions. You threw out a $31 million number, potential nuclear depreciation decrease. Is that for ’07 or is that on a four year basis?
Benjamin Fowke
No, that number assumes that the commission approves it and follows the past present of putting it all the way back at the beginning of January 2007.
- To read the full transcript on Seeking Alpha, click here »
