Andrew Littlefair: We can accommodate. Because I mean, we certainly are pathways. We have now the connectivity all of it. It’s the — all that work. And that’s a lot of work. And it’s time consuming.
Robert Vreeland: But don’t, that’s not in for.
Unidentified Analyst: Sure. Just trying to understand that what is the kind of impact, any rough estimate and what’s the incremental costs for you guys?
Robert Vreeland: I don’t know. I don’t know. No, but I mean, if you’re getting into kind of transportation costs, you’re kind of dollars on the MMBtu kind of thing. So our guys know it. See if we can get it for you, but I don’t know.
Andrew Littlefair: Yes, that that would be great. We’ve been asked by someone telling you.
Robert Vreeland: I’m busy fighting it, so I’m not worried about, I’m not worried about paying it. So don’t put me down to the fight.
Paul Cheng: Sure. Then my final question is that just a simple accounting question. On the €“ we are talking about that credit reduction, the capital reduction, say 30% or so, accounting wise how does it work? That I will imagine in your cash flow statement, your CapEx numbers still remain the same. You are just receiving the tax credit and or check from the government and showing up way?
Robert Vreeland: Yes, well, it’ll reduce the basis in our €“ it will reduce the basis in our asset. So it will, it will lower, it will basically lower the value of what we have capitalized. So if you’re going to 100 million and you get your 30, then you’re going to kind of end up net with a $70 million asset there.
Paul Cheng: No. But I guess my question is that from an accounting standpoint, when we’re looking at your 10-K on your cash flow statement, let’s say, if you suppose to have $200 million on the CapEx in 2026, and let’s assume that in 2025, you spent $100 million, so you end up at $30 million. So yes, the cash flow statement is still showing up in your capital spending line at 200 or so 170.
Robert Vreeland: It’s going to show gross.
Paul Cheng: Okay. And then just $30 million, and that way, it’s going to show up in the cash flow statement.
Robert Vreeland: It’s going to show up in the investing section.
Paul Cheng: Okay. Thank you. You’re proud of yourself, aren’t you Bob with the accounting?
Robert Vreeland: Yes. I’m doing what I think is conservative or what the FASB would want me to say. Thanks, Paul.
Operator: Our next question is from Jason Gabelman with Cowen. Please proceed with your question.
Jason Gabelman: Hey, guys, thanks for taking my questions. Two if I may, the first. On the clean fuel production credit, which I think starts 2025. It seems like the benefit, your RNG production could be pretty high. If it’s not, if the credit isn’t kept, can be as high as $6 a gallon. Is that your interpretation? And do you expect that credit value to be capped? And then my second question is just on the near term numbers. It looked like 4Q, the fuel margin, excluding all the credits, was just $0.04 per gallon, which was down quarter-over-quarter, I think by $0.06. Was that just due to the higher natural gas prices? And do you expect that to rebound back to I guess, the $0.10 where it was in 3Q and that’s once again, just the fuel dollar per margin excluding any of the credits? Thanks.
Robert Vreeland: Okay. Andrew, do you want to talk about the PTC.
