Question-and-Answer Session
Operator
(Operator Instructions) We’ll go first to Ashar Khan with Incremental Capital.
Ashar Khan – Incremental Capital
Good morning, how are you doing?
William (Bill) D. Johnson
Good morning, Ashar.
Mark F. Mulhern
Good morning.
Ashar Khan – Incremental Capital
The way I heard the proceedings of Florida, proceeding I was pretty clear that progress had to control, whether they wanted to go ahead and put the interim rates into effect on January 1, and for – following to (ph) discourse it was – I got a pretty clear sensitive, they laid decision in your head, so could you tell us, will you be implementing or not implementing because they believe that you had the right to implement. You just had the judgment whether you want to do it or you didn’t want to do it? And I wanted to get a sense of what your thinking is right now?
William (Bill) D. Johnson
Well, you have I think accurately described the situation as we understand the statute Florida says that rates in this situation shall go into effect at a certain time. The commission has encouraged us to find a way to think about not doing that and we don’t know the answer yet, the other side is to what will happen. There are couple of ways this could be resolved for example, if you could find some way to have a rate order in late January that (indiscernible) for the month or two that you would miss, if you didn’t put them into effect, that might be a solution. So we are thinking about solutions and have yet to make a decision about what we’ll do on January 1.
Ashar Khan – Incremental Capital
So I guess what you are saying is that you probably thinking of some true-up mechanism which gives you that one month or two months in the worst case, and holds you through and so we will hear something about it pretty soon. And that is the mechanism that you are kind of like going forward rather than putting the rates into impact themselves.
William (Bill) D. Johnson
That’s one of many options we are considering. We have not come to a conclusion about whether those rates will self implement on January 1, and we will make an announcement where we have a decision to have to file something, that’s the best I can do.
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