Question-and-Answer Session
Ryan Gunter
Thanks, Russell. We will now begin taking questions.
Operator
We will not begin the question and answer Session. (Operator Instructions) Our first question from Paul Ridzon from KeyBanc please go ahead.
Paul Ridzon – KeyBanc
Can you give more detail on the short-term Acadian contract is that I assume a capacity contract for six months and is that an undivided interest with your partner, Cajun Gas?
Russell Davis
Morning, Paul.
Paul Ridzon - KeyBanc
Morning.
Russell Davis
Well, it is, I mean, to get to your question it’s both our Cajun Gas and Cleco Midstream will share in the benefits of that contract equally.
Paul Ridzon - KeyBanc
And can you give us any look at the economics of that?
Russell Davis
That was for competitive reasons that is confidential price point that was redacted from the filing so it’s not something we can talk about.
Paul Ridzon - KeyBanc
And is Evangeline back?
Russell Davis
Evangeline is back. Well, you know, as Mike noted there is a fall outage. The outage is ongoing. The outage is on Unit 7 so that plant is undergoing the major outage but Unit 6 is up and running.
Paul Ridzon - KeyBanc
And what was hurt from the unplanned outage of Evangeline?
Russell Davis
There were some damaged blades, unfortunately, you know, it got to a point that we thought was too problematic to continue to run from August when we saw the issue getting worse. We thought we might be able to get to the major outage but we couldn’t and had to take the plant down. So it primarily had to do with damaged blades.
Paul Ridzon - KeyBanc
Can you kind of quantify what you think that did to the quarter on an EPS basis?
Russell Davis
Well, you saw in the earnings release we talked about a total of $0.03.
Paul Ridzon - KeyBanc
Okay.
Russell Davis
And it’s primarily due to that.
Paul Ridzon - KeyBanc
Given the economy do you still foresee the need 010 Cleco Power Contract or could that 600 megawatts come down a bit?
Dilek Samil
Paul, good morning, this is Dilek. Let me take that one. You’ll probably remember that when we started our initial integrated resource planning process some years ago, we were looking at the need to replace on a long-term basis about a third of our capacity needs that were coming from the market so were buying roughly a third of our capacity from the market. And the RSP that generated the Rodemacher 3 project as well as the 2007 RSP that’s for our needs in 2010 and beyond, that’s to replace our short position.
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