Regarding the rate increase in general, what happens if we’re unable to get the 0% interest rate stimulus money?
If O’Fallon doesn’t get the 0% interest money, then we go after the 2.5% IEPA money that we received for the water towers and pump station. As you might expect, it will cost more: $609,000 per year versus $358,000 for the stimulus package as 25% of that is really a grant. Most likely, we would try to stretch out our capital program at the WWTP from 10 to 15 years to 15 to 20 years. Maybe we only do the headworks in the first couple of years. Of course, we could steal from the other portions of the pie, or stagger in additional non-CPI rate increases. There a lot of considerations down the road that will be affected by the regulators and environmental legislation that is as of yet unwritten.
