Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from Brian Russo – Landenburg Thalmann.
Brian Russo – Landenburg Thalmann
You mentioned you expect WPL to earn an ROE of about 6% this year. Can you possibly quantify for us the EPS impact of earning 6% versus your allowed ROE?
Pat Kampling
You know, Brian, we haven't broken it up that granularly. That 6% does not include the returns we would receive on ETC. So if you subtract the ETC earnings for the year, you could probably back into it.
Brian Russo – Landenburg Thalmann
And then in terms of IPL, it looks like the revised sales forecast does not match up with what you filed for. And I guess if you're going to file for 2010 rate relief, will there still be regulatory lag assuming interim rates go into effect at the end of March?
Pat Kampling
Yes. There should be some minor regulatory language. We'd file the case beginning of 2010 and rates would go into effect 10 days later.
Brian Russo – Landenburg Thalmann
Okay, so when do you think the timing of interim rates will go into effect?
Pat Kampling
You know, we'd be filing the case probably late in the first quarter, just like we did this year.
Brian Russo – Landenburg Thalmann
Right. Okay.
Pat Kampling
Just like we did this year. And the rates go into effect 10 days later.
Brian Russo – Landenburg Thalmann
Okay. And in terms of wind RMT, what gives you confidence that the wind market rebounds in 2010?
Bill Harvey
Brian, as we look at the sales funnel of opportunities predominantly in the wind area, but increasingly in the solar development area as well, we simply have to believe that with the tremendous public policy push promotive of the development of renewable energy that the current stagnant nature of that development marketplace simply cannot persist.
We do not believe that that stagnation is related to the paucity of transmission. We believe it is related to the difficulty of financing, and we think that's going to change certainly in part because of government stimulus activity, but in part simply because the capital markets seem to be normalizing and recovering.
Brian Russo – Landenburg Thalmann
Okay. And in terms of RMT, can you comment on what you have in the pipeline or what projects you guys are developing for the remainder of 2009?
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