Question-and-Answer Session
Operator
Thank you. (Operator Instructions). Our first question is coming from Greg Gordon with Morgan Stanley. Please state your question.
Greg Gordon - Morgan Stanley
Thank you, good morning.
Thomas Voss
Good morning Greg.
Greg Gordon - Morgan Stanley
As I look at the slide 16 as compare to slide 14. You're basically telling us that your hedges are sort of matched up in '09, you're a bit longer on coal than you are on what you've hedged in '10 and also but shorter on call relative to what you have hedged in '11 is that the right interpretation?
Martin Lyons
Greg this is Marty. Yeah I think that is the right interpretation. As you look at slide 14 and you look at the megawatt hours that are hedged, you see there the 23 million megawatt hours of hedged power and as you say in 2010 in terms of fuel hedges about 29. So you're right a little longer on the coal side in 10. And then 2011, about 15 million megawatt hour is hedged on the coal side. But that matches up with 2011 power hedge is about 15 million.
Greg Gordon - Morgan Stanley
Just to be sure I'm reading the foot note on page 16 correctly, these are all in delivered costs per megawatt hours including rail?
Martin Lyons
That's correct.
Greg Gordon - Morgan Stanley
Great. Thank you.
Martin Lyons
Thank you Greg.
Operator
Your next question is coming from Paul Ridzon with KeyBanc Capital.
Paul Ridzon - KeyBanc Capital Markets
How should we think about -- looks sounds as if the coal plans sales are after table but we got significant CapEx reductions. When do you envision the timing of potential equity financing?
Martin Lyons
Paul this is Marty. Yeah in terms of our overall plans obviously throughout this year we've really taken some aggressive actions as you can say to reduce our capital expenditures really twice going back to last year and when again now. We've also as you know reduced the dividend earlier this year and all of those actions are going to reduce our need to access the capital markets as well as enhance our credit profile. That said as we look out to the future as I mentioned earlier in my talking points we do seek to maintain cash structures in our regulatory businesses in the range of 50 to 55% has been a target of ours.
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