Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Michael Lapides - Goldman Sachs.
Michael Lapides - Goldman Sachs
I really have two questions; they are a little different from each other. One, can you just rehash the various rate increases in buy type that are going in place in 2009 and which ones, if any, still have not received approvals yet?
Mark Ruelle
Sure, I will have Tony correct me on the amounts. Michael, this is Mark. We have the transmission rate, which goes into effect for a wholesale customers the first of the year, okay. And then a couple of months later the retail companion or TDC will accompany that and the larger portion of the revenue requirement actually kicks in more in March. The smaller portion is attributable only to wholesale customers is effective the first of the year. On the wholesale piece we think that's about $8 million, Tony, annualized?
Tony Somma
For 2009?
Mark Ruelle
For 2010.
Tony Somma
Michael were you asking for ’09 or ’10?
Michael Lapides - Goldman Sachs
Yes, let’s just do ’09 for now and then go from there.
Mark Ruelle
That was $4 million for ’09, first of January. Then the state piece was a couple of months later at about $32 million. Again these are annualized numbers.
Tony Somma
Yes, annualized numbers.
Mark Ruelle
The environmental cost recovery rider kicked in June 1st at about $32 million annualized, and then in February we increased base rates by about a $130 million. Those were the 2009 that are in place and obviously they have been approved.
Michael Lapides - Goldman Sachs
Okay. Anything left outstanding for 2009 and then going to ’10?
Mark Ruelle
Nothing left for ’09. In 2010 we have the accelerated or the abbreviated rate case that we expect to happen first part of the year, late January early February, and the staff’s recommendation on that is about $17 million annually, and as Bill indicated we don’t take many issues with staff’s recommendations as they had more current numbers to review than we did when we filed.
Then FERC transmission piece, about $8 million, the state transmission piece couple of months later about $9 million, and then the environmental cost recovery rider, which we estimate at about $13 million in June 1. Obviously, none of those letters have been approved but they are not particularly controversial in our opinion.
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