Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Nancy Doyle - MetLife.
Nancy Doyle - MetLife
I just wanted to know what method you’re going to be using for financing your CapEx of next year. Do you plan on doing any debt issuance?
Bob Sprowls
Eva, let you answer that one.
Eva Tang
I don’t think we are going to financing the debt equity probably for next year unless there’s some unexpected capital expenditure comes up. We do have a syndicated facility that expires June 2010. We’re considering up that facility a little bit, currently the facility is at $115 million. So we think we’ll have enough funding next year to support our capital expenditures, but things could change during the year if something happens respectively.
Bob Sprowls
So Eva, we have significant cushion in our revolver to cover our CapEx.
Eva Tang
Right now as of end of September 30, we have $83 million on the line.
Operator
Your next question comes from Debra Coy - Janney Montgomery.
Debra Coy - Janney Montgomery
Couple of follow-up questions; one, to go back to the beginning of your presentation, Bob, on Bear Valley, the $4.8 million that you received, you’re only getting $800,000 of it since it was not effective until November. Is that how it works for the electric sides? On the water side, you’re getting retroactive to the beginning of the period rate increases, but essentially you just forego $4 million of the $4.8 million of the ‘09 decision?
Bob Sprowls
Yes, that’s right. That’s how it works. Now, we do have this potential retroactive recovery associated with the general office clause, but really the only piece that would be retroactive.
Debra Coy - Janney Montgomery
That would be relatively small, any adjustments there?
Bob Sprowls
Yes, that’s roughly about $800,000 at the amount in that account is $761,000 at the end of September.
Debra Coy - Janney Montgomery
There could be a decision to either give you the whole, since they haven’t made a decision, you get the whole $760,000, you would get some portion of that or get none?
Bob Sprowls
I think it would either be, you either get it all or you get none.
Debra Coy - Janney Montgomery
When would you expect to hear on that?
Eva Tang
Should be shortly, Debra, we’re trying to file an amended application to have the commission taking care of this item. So that’s in the process. I don’t know when the final order will be on this one, but we’re working on that. Hopefully we can resolve the issue in the fourth quarter.
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