And if we just stay with the same length of maturity, which should be 20 year maturity, we think we might be able to do as well as 75 to 100 pips saving on those – on that 100 million. So you can see, we continue to do financial engineering, but in the very positive way because of the solid financial foundation of the company and its strong S&P rating and timing is everything and where some of these notes are coming due or callable and we are taking advantage of today’s historic low interest rates.On the O&M front, for the trailing 12 months ending 6/30/2012, we posted a O&M to revenue what we call our efficiency ratio of 37.3 versus 37.8 in the year prior period. Just to refresh you, we had a nice run of tightening margins, improving margins and actually lowering the efficiency ratio, which is the inverse, we just reached some numbers and you can see the trend line these are yearend numbers.
Aqua America Management Discusses Q2 2012 Results - Earnings Call Transcript
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