Question-and-Answer Session
Operator
(Operators Instructions) Your first call comes from Greg Gordon – Citi.
Greg Gordon – Citi
Can you take a step further in the discussion of the tax settlement and explain how much cash is going into SCE, how much cash is being paid out of Edison Capital and how that deals with the equity funding requirements of SCE. I know some of the investors have been concerned that with the good news/bad news situation with SCE with so much growth that you might have to issue equity to finance that.
Theodore Craver
It's a good question and what I'd like to say right now is we're trying to have the discussion overall at EIX level and it's obviously positive from an EIX level. As we provide additional information in the second quarter we will get into more specifics in terms of all the allocation of cash.
But bear in mind since we terminated the leases, the cash now resides at Edison Capital and we'll move it around the entities at a later date once we clarify and get all the specifics in place.
Greg Gordon – Citi
When will be able to quantify and talk about the different cost benefit parameters of these different technologies and once you get to a point where you understand them, what is the process of getting the relevant counterparties to buy into potentially changing the control technology that you want to deploy.
Theodore Craver
What I'd like to tell you right now is, we're going through an extensive testing period currently and that's going to take some time for us to work through both the SMCR's with urea injection and the Trona base testing, and we have to go through the process. We're doing it at various plants and we're going to come back with that result and analyze it. And that's going to take some time.
I think it's going to be later in the year. I don't want to tell you exactly when because it does take quite a bit of testing and we will be providing it specifically later.
Ronald Litzinger
The alternate control technologies, what we are shooting for are meeting the emission rate portions of the CPS agreement and as such all we need are the construction permits from the Illinois EPA and thus far they've been cooperative and provided us with the permits for testing without any difficulty.
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