Question-and-Answer Session
Operator
Thank you sir. (Operator instructions). And we will take our first question from Daniel Eggers from Credit Suisse, please go ahead.
Daniel Eggers -- Credit Suisse
Hi, good morning.
Cameron Bready
Good morning Dan.
Daniel Eggers -- Credit Suisse
Just for clarity real quick on the reg asset with the moving cost to rate base adjustments, $0.08 of that number I would think of is non recurring in the future, I mean, I shouldn’t assume that, that benefit stays that was kind of an unique catch-up this year?
Cameron Bready
Correct.
Daniel Eggers -- Credit Suisse
Okay. But the $0.03 is kind of an ongoing cost that should be avoided in the future?
Cameron Bready
Well, let me be clear on the $0.03 stand, $0.02 of the $0.03 relates to cost that we have incurred already in 2009 and a penny relates to remaining cost in 2009 that we expect to book to this regulator asset. Now bearing in mind the regulatory asset only relates to cost that would have otherwise been expense. We had already assumed in our forecast for 2009 that by Q3 our rate for KETA would be effective or rate for ITC Great Plains would be effective and therefore we would be able to either expanse through our wait or capitalize preconstruction costs associated with the KETA project. So we only expect about another penny of benefit in 2009 for the regulatory asset because for the balance of 2009 we had already assumed that we will be capitalizing the cost associated with the KETA project.
Daniel Eggers -- Credit Suisse
Okay, so just to make sure the way I am thinking about is, the thing about 10 and 11 and beyond, $0.08 of this year’s earnings range is kind of a catch up from prior periods, right, so far anything about whether a baseline should be for next year you had net this down as by $0.08 starting point, is that fair?
Cameron Bready
Yes, I think that’s fair.
Daniel Eggers -- Credit Suisse
Okay. On the Michigan opportunity kind of with you the size of the wind resource they are talking about in the state any ballpark on how much CapEx you guys think you spend there and given the size as your great enthusiasm for this to be a larger project and maybe even want the state renewable targets were?
Joseph Welch
I don’t think at this time until the board meets and the Public Service Commission really rules on where we're at that we are in a position to give any guidance. The different wind zones in Michigan were dispersed through the state and depending on what they pick to develop first entirely develop it will really dictate the plan that our planning people have to submit. At this point its speculative I can tell you this that you know, the Governor of the State has been pretty forthright and aggressive on wanting to push for wind development in the state and that will continue and we have supported that and when we get clarity on this, consistent with our practices that we need to announce something and said expectations at a different level we would be out there and then tell you exactly what happens, but don’t expect anything until probably at the end of the third quarter.
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