Question-and-Answer Session
Operator
(Operator's Instructions) Our first question comes from Paul Patterson with Glenrock. Sir, your line is open.
Paul Patterson - Glenrock
Good morning, guys. I wanted to sort of review again the terminology and exactly how much cash we should expect or you guys might be expecting from this energy services sale. You mention $1 billion of capital being returned. I remember a number of $600 million. Is that simply the difference between the $400 million that you guys have recovered so far, and is that cash? How should we think about that?
Joseph P. O'Leary
You do seem to have the right thought on that. The difference is — the $400 million was taken in. We started out with $1 billion, we took in $400 million this year, we anticipate recovery of the additional $600 million, and cash is a good way to look at that.
Paul Patterson - Glenrock
Okay. So we should be getting cash coming in, basically, and that's by the end of 2010, is that right?
Joseph P. O'Leary
That's correct.
Paul Patterson - Glenrock
Okay. Now when we look at slide 10 and you guys mentioned the different businesses, there was the description before the potential of selling this all as a whole, and since we've gone a little bit further in the process it seems that you guys are selling individual businesses. Should we think that that's probably how the rest of this business is going to be sold?
Charles A. Schrock
Yeah, Paul, we are continuing to work to process and we would expect a few more transactions that we'll be announcing later this year.
Paul Patterson - Glenrock
Okay. And is there any sense as to that $600 million between now and the end of 2010, how much we might see by the end of this year?
Charles A. Schrock
I don't think we have a good feel for that because of the timing of things as things go on, so we're not really in a position to try to predict that specific number.
Paul Patterson - Glenrock
Okay. When will IES be described as a discontinued operation?
Joseph P. O'Leary
The rules under GAAP for doing that are kind of specific, but essentially what is required is once you have a definitive agreement in place, you would consider them discontinued operations. Until then you have the — as the process continues it depends on whether we determine to wind down or sell them off.
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