Question-and-Answer Session
Operator
[Operator instructions]. Our first question comes from Greg Gordon with Citigroup.
Greg Gordon - Citigroup
Thanks good morning.
Benjamin Fowke
Hi, Greg.
Greg Gordon - Citigroup
I know this is like a broken record this question already but -- when if that all are we going to have any visibility on resolution also the extent uncertainty on the Coley tax issue?
Benjamin Fowke
Greg, on the holding?
Greg Gordon - Citigroup
Yeah, when do we potentially going to get more visibility on the resolution of the uncertainty around the Coley?
Benjamin Fowke
Oh, the Coley, well we have been told to be trial ready in the beginning of 2007, so if you make -- if that implies our trial will commence in the early part of 2007 and if it does, I think it’s about six day, week process. So, hopefully we will have an answer for you before Q1 of 2007, we are also still waiting Greg to here on our motion for some re-judgment that was heard several weeks ago.
Greg Gordon - Citigroup
Okay, now I’m looking at my old capital expenditure forecast in my model and I’m going to concede I may not be perfectly updated but this new CapEx budget looks higher. I’m just wondering can you give us an updated, sort of projection on what rate base looks like over the next several years like you provide in some of your analyst percentages.
Benjamin Fowke
Well, rate bases -- continue to grow about by 5% annually that the changes Greg from the last capital forecast to primarily in the area of nuclear expenditures. We are planning to upgrade our units to add another 250 megawatts of capacity. You’ll see more transmission investment primarily around the CapEx 2020 program that’s in the latter half of the decade. And all embedded in the base capital assumptions towards the latter part of the decade is some upgrading at our share goal plans in Minnesota.
Greg Gordon - Citigroup
The nuclear plants that you plan on spending capital order in which regulated jurisdictions?
Benjamin Fowke
Minnesota
Greg Gordon - Citigroup
Minnesota, so they wouldn’t fall under the MERP if you increase the capital base in those assets you would have to file a separate proceeding to get the recovery.
Benjamin Fowke
Yeah, there is two ways we get recovery, one through jurisdictional rate cases, which in Minnesota are forward test years, but what we are planning to do next year is work with our commission to try to put together an enhanced recovery method as we have done in with other capital expenditure programs.
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