Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Ameet Thakkar with Deutsche Bank. Please proceed.
Ameet Thakkar - Deutsche Bank
David, I think on the July 8 call, you alluded to that you were pretty confident you were going to be able to get something done as far as selling a portion of the equity in STP units 3&4 and then having the uncertainty of Exelon prevented you guys from doing that, any update on that or is it too soon to go there?
David Crane
Well I would say that we are still highly confident. Yes, the update is that just a renewed sense of confidence that we will get that achieved before the end of 2009, before the end of this year. I am reluctant to put a month on it because I don't want to compromise our own position in the discussions but that’s obviously something that I am going to be focused on working with Steve Wynn and the NINA team and so I think that is in the offing. I just don't want to be too specific on exactly when we will get there.
Ameet Thakkar - Deutsche Bank
If I could just ask one quick question on what you guys have seen as far as kind of demand in ERCOT. It looks like in June demand was off kind of about 50 basis points on a year-on-year basis but we obviously had a lot of hot weather in Texas. On a kind of weather adjusted basis, what are you guys seeing for demand?
David Crane
That is a weather adjusted number. Do we have a non-weather-adjusted number John or Mauricio?
John Ragan
I don't have that with us. [1%] was the weather adjusted number
David Crane
[1%] of?
John Ragan
1% below year-on-year last year.
David Crane
But those numbers are weather adjusted in the presentation and again, that's a contrast with other regions. I think we see a positive situation now regarding Louisiana as well but not much signs of improvement in the Northeast.
Operator
Next question comes from the line of Michael Lapides with Goldman Sachs.
Michael Lapides - Goldman Sachs
Two questions about your Northeast gas units; first on the new ones being developed in Connecticut. Can you talk a little bit about the economics? I think the contracts are publicly disclosed; just curious about kind of the capacity payments and whether there's any variability there. On the New York City power markets, kind of any updates on the Poletti retirement and what that would do to supply-demand fundamentals in the New York City market?
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