Question-and-Answer Session
Operator
Thank you. (Operator Instructions). We'll first to Greg Gordon with Morgan Stanley.
Greg Gordon - Morgan Stanley
Thanks. Good morning guys.
J. Wayne Leonard
Good morning Greg.
Greg Gordon - Morgan Stanley
As we look at the new guidance, well there is a recently articulated guidance range. Yeah, you guys go to a lot of detail on pages 5 and 6 of your quarterly press release. For one of the things that you say on page 6 is that the -- and I presume this is all to the middle of the range that which presumes normal weather and retail sales growth of just under 3% as drivers for the utility. But when I look at the weather adjusted sales, you take the utility, I don't remember what page it's on here, they're down a little more than 1% on residential and little less than 10% on industrial.
So, does that mean that we're trending towards lower end of the new guidance range right now if you were to annualize those types of sales numbers?
J. Wayne Leonard
No, Greg, it doesn't those sales levels are things that we made in the normal range of guidance, we're actually working to overcome. So, it's taken into consideration when we set the new guidance range where sales levels would be going forward.
Greg Gordon - Morgan Stanley
Thank you.
Operator
And next we'll go to Paul Patterson with Glenrock Associates.
Paul Patterson - Glenrock Associates
Good morning guys.
J. Wayne Leonard
Good morning Paul.
Paul Patterson - Glenrock Associates
I want to touch basically on the spin-off and the Vermont decommissioning issue and I guess the contract negotiations. And just where you see those heading and when do you think we will get some sort of clarity on that?
J. Wayne Leonard
Good morning, Paul. Somewhere to what we've been doing in New York we've been having a variety of conversations with the parties up in Vermont to work towards a new PPA that would be factored in with the Certificate Of Public that we have to get from both the commission and the legislature. And as it relates to the -- I mean those things are moving along and we have a schedule of meetings that we've laid out to see if we get to some agreement on that.
As it relates to the decommissioning I think it's within the second week of August we'll be filing with the NRC a plan to deal with the minimum funding requirement shortfall that we have in Vermont.
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