Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of Chris Bassett with Decade Capital. Please proceed.
Christopher Bassett - Decade Capital Management, LLC
Good morning guys.
Jimmy Addison
Good morning.
Christopher Bassett - Decade Capital Management, LLC
Just had a question about the tax credit that realized this quarter; is that embedded in the newly updated 2009 earnings guidance?
Jimmy Addison
It is.
Christopher Bassett - Decade Capital Management, LLC
Okay, great. And on the SCANA Energy sort of things, I understand you've lowered the ongoing sort of earnings there. So I think about that has been down in nickel and what were you guys expecting before hand?
Jimmy Addison
Its about or close or about $0.25 per share.
Christopher Bassett - Decade Capital Management, LLC
And can you provide some more color on sort of what happen there on the margin side?
Jimmy Addison
Yeah it's really, its not unique to SCANA Energy, it's the entire marketplace has really changed. And if you think that to post hurricanes Katrina and Rita and 12 to $15 natural gas prices with a majority of the market then on variable rates, a lot of folks have to pay some speed gas bills because of the cost of gas not the margins for that upcoming winner. And as gas prices have come down to fairly incredible rose recently more have elected to go with fixed rate plans. So for competitive reasons I am not going to give you our exact portfolio of mix, but I will tell you that the market as a whole has moved from substantially variable to more of balanced portfolio between the two. Now when you've got the fixed rate plans, they're just not the reprising every month, there is not the volatility, et cetera and the margins were just naturally lower.
Christopher Bassett - Decade Capital Management, LLC
Okay, great. Thank you.
Jimmy Addison
You're welcome.
Operator
Our next question comes from the line of Michel Lapides. Please proceed.
Michel Lapides - Goldman Sachs
Hey guys, I have four question I apologies for taking a little bit of time here. One, can you walk me through the various rate actions that will go into play either in the fourth quarter of 09 or during the course of 2010, so kind of items that have already been approved or items that you have filed for or will likely filed for? I am just trying to think about the master risk of potential rate changes across your regulated stuff?
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