Question-and-Answer Session
Operator
(Operator Instructions). The first question comes from [David Dickens] of Integrys Energy.
Unidentified Analyst
Good morning. I hadn't known I joined your company.
Larry Weyers
Well, welcome.
Unidentified Analyst
But you know, maybe it's a good career shift given the market. You've taken $0.30 out of the guidance range, the low end compared to what you gave in August, but if I read slide 12 correctly, you are saying weather impact in '08 is going to be a $0.10 positive, has that number changed from the August guidance?
Joe O'Leary
No, I don't believe it has.
Unidentified Analyst
Okay. And also in the deltas, where you showed the difference, Joe can you remind us what is the land sale number that's in guidance or what was the land sale number in guidance that you reduced by $0.07?
Joe O'Leary
I believe, originally we had about $0.07 in there.
Unidentified Analyst
Okay. So you are neutral for now?
Joe O'Leary
Well we've said that we don't think we are going to be able to get that completed before year end.
Unidentified Analyst
Okay.
Joe O'Leary
And we don't want to be doing fire sales of the real estate. We will take our time out and make sure that we get good value for our shareholders.
Unidentified Analyst
How long do you think the real estate sales will extend at this point, I mean is that just pushing that $0.07 back into '09 or should we look at it more as adding on to the tail end of the whole program?
Larry Weyers
This is Larry. I think it's going to be very dependent on the financial markets, and liquidity. As soon as the potential buyers are able to access the markets, and actually get the mortgages at reasonable rates, I think the real estate market will return. We have got some excellent properties. There is lot of people interested in it, and it's just not a very good time being going to our market with it.
Unidentified Analyst
Okay. Thank you very much.
Larry Weyers
Thank you.
Operator
(Operator Instructions). The next question comes from David Grumhaus of Copia Capitals.
David Grumhaus - Copia Capitals
Good morning, guys.
Larry Weyers
Good morning, David.
David Grumhaus - Copia Capitals
Couple of questions for you. Can you review at Peoples, where you are tracking on a bad debts basis, just sort of percentage of revenue and again what the rate case situation there. I know you have a stay out until some point, but when do you would expect to file there.
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