regulatory liability for future income tax) and unrecognized pension and other postretirement costs of $348 million.
See Notes B, E, F and L to the financial statements in Item 8.
(d) Reflects a $4,149 million increase in net plant, offset by a $288 million decrease in regulatory assets for unrecognized pension and other postretirement costs.
See Notes B, E, and F to the financial statements in Item 8.
(e) Reflects $85 million in 2014, related to the adoption of Accounting Standards Update (ASU) No.2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.
” (f)  Reflects $152 million in 2014, related to the adoption of ASU No.2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.
” (g) In 2017, upon enactment of the TCJA, Con Edison re-measured its deferred tax assets and liabilities based upon the 21 percent corporate income tax rate under the TCJA.
As a result, Con Edison decreased its net deferred tax liabilities by $5,312 million, recognized $259 million (or $0.85 per share) in net income, decreased its regulatory asset for future income tax by $1,250 million, decreased its regulatory asset for revenue taxes by $90 million, and accrued a regulatory liability for federal income tax rate change of $3,713 million.
In 2018, the company recognized $42 million of income tax expense resulting from a re-measurement of its deferred tax assets and liabilities following the issuance of proposed TCJA regulations.
See “Other Regulatory Matters” in Note B and Note L to the financial statements in Item 8.
(h) Excludes the non-service components of pension and other postretirement benefits.
See Notes E and F to the financial statements in Item 8.
CECONY
## Table 0 ##
(a) Reflects a $1,725 million increase in net plant and a $912 million decrease in regulatory assets for unrecognized pension and other postretirement costs.
See Notes B, E and F to the financial statements in Item 8.
(b) Reflects a $1,804 million increase in net plant and a $967 million decrease in regulatory assets for unrecognized pension and other postretirement costs.
See Notes B, E and F to the financial statements in Item 8.
(c)  Reflects a $2,090 million increase in net plant, offset by decreases in regulatory assets resulting from the enactment of the TCJA of $2,305 million (including the netting of $1,123 million against the regulatory liability for future income tax) and unrecognized pension and other postretirement costs of $354 million.
See Notes B, E, F and L to the financial statements in Item 8.
(d) Reflects a $2,165 million increase in net plant and a $265 million decrease in regulatory assets for unrecognized pension and other postretirement costs.
See Notes B, E, F and L to the financial statements in Item 8.
(e) Reflects $76 million in 2014, related to the adoption of ASU No.2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.
” (f)  Reflects $118 million in 2014, related to the adoption of ASU No.2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.
” (g) Excludes the non-service components of pension and other postretirement benefits.
See Notes E and F to the financial statements in Item 8.
Significant Developments and Outlook ?
Con Edison reported 2018 net income of $1,382 million or $4.43 a share compared with $1,525 million or $4.97 a share in 2017.
Adjusted earnings were $1,349 million or $4.33 a share in 2018 compared with $1,264 million or $4.12 a share in 2017.
See “Results of Operations” in Item 7 and “Non-GAAP Financial Measure” below.  ?
In 2018, the Utilities invested $3,210 million to upgrade and reinforce their energy delivery systems, Con Edison Transmission invested $248 million in electric transmission and gas pipeline and storage businesses and the Clean Energy Businesses invested $1,791 million primarily in renewable electric production projects, including $1,609 million to acquire Sempra Solar Holdings, LLC in December 2018.
See "Capital Requirements and Resources" in Item 1 and Note U to the financial statements in Item 8.  ?
In 2019, the Utilities expect to invest $3,227 million for their energy delivery systems, Con Edison Transmission expects to invest $200 million in gas pipeline businesses and the Clean Energy Businesses expect to invest $200 million in renewable electric production projects.
Con Edison plans to meet its 2019 capital requirements, including for maturing securities, through internally-generated funds and the issuance of long-term debt and common equity.
The company's plans include the issuance of between $1,600 million and $2,200 million of long-term debt, mostly at the Utilities, and the issuance of additional debt secured by its renewable electric production projects.
The company’s plans also include the issuance of up to $500 million of common equity in addition to equity under its dividend reinvestment, employee stock purchase and long term incentive plans and
of €38.8 million, €39.6 million, and €43.1 million, respectively, including penalties, but excluding interest.
The Company filed formal protests during the first quarter of 2014, refuting the Belgian tax authority¡¯s position for each of the years assessed.
In the quarter ended June 28, 2014, the Company received a formal assessment for the year ended December 31, 2008, totaling €30.1 million, against which the Company also submitted its formal protest.
All 4 additional years have been brought before the Court of First Appeal in November 2014.
In January of 2015, the Company met with the Court of First Appeal in Bruges, Belgium and agreed with the Belgium tax authorities to consolidate and argue the issues regarding the years 2005 and 2009, and apply the ruling to all of the open years (to the extent there are no additional facts/procedural arguments in the other years).
In May 2017, the statute of limitation was extended to include 2011.
On January 27, 2016, the Court of First Appeal in Bruges, Belgium ruled in favor of the Company with respect to the calendar years ending December 31, 2005 and December 31, 2009.
On March 9, 2016, the Belgian tax authority lodged its Notification of Appeal with the Ghent Court of Appeal.
The Company disagrees with the views of the Belgian tax authority on this matter and will persist in its vigorous defense.
Nevertheless, on May 24, 2016, the tax collector representing the Belgian tax authorities imposed a lien on the Company¡¯s properties in Wielsbeke (Ooigemstraat and Breestraat), Oostrozebeke (Ingelmunstersteenweg) and Desselgem (Waregemstraat) included in the Flooring ROW segment.
The purpose of the lien is to provide security for payment should the Belgian tax authority prevail on its appeal.
The lien does not interfere with the Company¡¯s operations at these properties.
General The Company believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable losses that are reasonably estimable.
These contingencies are subject to significant uncertainties and the Company is unable to estimate the amount or range of loss, if any, in excess of amounts accrued.
The Company does not believe that the ultimate outcome of these actions will have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year.
ITEM 4.
MINE SAFETY DISCLOSURES The information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K is included in Exhibit 95.1 to this annual report on Form 10-K.  PART II ITEM 5.
MARKET FOR REGISTRANT¡¯S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market for the Common Stock The Company¡¯s common stock, $0.01 par value per share (the ¡°Common Stock¡±), is quoted on the New York Stock Exchange (¡°NYSE¡±) under the symbol ¡°MHK.
¡± The table below shows the high and low sales prices per share of the Common Stock as reported on the NYSE Composite Tape, for each fiscal period indicated.
## Table 1 ##
As of February 26, 2018, there were 231 holders of record of Common Stock.
The Company has not paid or declared any cash dividends on shares of its Common Stock since completing its initial public offering.
The Company¡¯s policy is to retain all net earnings for the development of its business, and it does not anticipate paying cash dividends on the Common Stock in the foreseeable future.
The payment of future cash dividends will be at the discretion of the Board of Directors and will depend upon the Company¡¯s profitability, financial condition, cash requirements, future prospects and other factors deemed relevant by the Board of Directors.
The Company¡¯s Board of Directors has authorized the repurchase of up to 15 million shares of the Company¡¯s outstanding common stock.
Since the inception of the program in 1999, a total of approximately 11.5 million shares have been repurchased at an aggregate cost of approximately $335.5 million.
All of these repurchases have been financed through the Company¡¯s operations and banking arrangements.
The Company did not repurchase shares during the year ended December 31, 2017.
REGENERON PHARMACEUTICALS, INC.  NOTES TO FINANCIAL STATEMENTS (Continued) (Unless otherwise noted, dollars in thousands, except per share data) considers these options’ performance conditions to be probable of attainment.
Principally as a result, in 2010, the Company recognized $8.1 million of non-cash stock-based compensation expense related to these performance options.
In light of the status of the Company’s development programs at December 31, 2009, the Company estimated that approximately two-thirds of the performance-based options issued in 2008 and 2009 would vest; therefore, in 2009, the Company recognized $1.7 million of non-cash stock-based compensation expense, related to these performance-based options.
As of December 31, 2010, there was $17.6 million of stock-based compensation cost which had not yet been recognized in operating expenses related to the performance-based options that the Company currently estimates will vest.
The Company expects to recognize this compensation cost over a weighted-average period of 2 years.
In addition, potential compensation cost of $2.5 million related to the performance options issued in 2005, whose performance conditions (based on current facts and circumstances) are not currently considered by the Company to be probable of attainment, will begin to be recognized only if, and when, the Company estimates that it is probable that these options will vest.
The Company’s estimates of the number of performance-based options that will vest will be revised, if necessary, in subsequent periods.
Changes in these estimates may materially affect the amount of stock-based compensation recognized in future periods related to performance-based options.
Fair value Assumptions: The following table summarizes the weighted average values of the assumptions used in computing the fair value of option grants during 2010, 2009, and 2008.
## Table 2 ##
Expected volatility has been estimated based on actual movements in the Company’s stock price over the most recent historical periods equivalent to the options’ expected lives.
Expected lives are principally based on the Company’s historical exercise experience with previously issued employee and board of directors option grants.
The expected dividend yield is zero as the Company has never paid dividends and does not currently anticipate paying any in the foreseeable future.
The risk-free interest rates are based on quoted U. S.  Treasury rates for securities with maturities approximating the options’ expected lives.
b.
Restricted Stock A summary of the Company’s activity related to Restricted Stock awards for the year ended December 31, 2010 is summarized below:

<table><tr><td></td><td colspan="5">For the Year Ended December 31,</td></tr><tr><td>(Millions of Dollars)</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>Operating revenues</td><td>$10,786</td><td>$10,328</td><td>$10,165</td><td>$10,468</td><td>$10,680</td></tr><tr><td>Energy costs</td><td>2,985</td><td>2,304</td><td>2,059</td><td>2,141</td><td>2,339</td></tr><tr><td>Operating income (g)</td><td>2,494</td><td>2,670</td><td>2,451</td><td>2,549</td><td>2,354</td></tr><tr><td>Net income</td><td>1,058</td><td>1,084</td><td>1,056</td><td>1,104</td><td>1,196</td></tr><tr><td>Total assets (e)(f)</td><td>39,443</td><td>40,230(a)</td><td>40,856(b)</td><td>40,451(c)</td><td>43,108(d)</td></tr><tr><td>Long-term debt (e)</td><td>10,788</td><td>10,787</td><td>12,073</td><td>12,065</td><td>13,676</td></tr><tr><td>Shareholder’s equity</td><td>11,188</td><td>11,415</td><td>11,829</td><td>12,439</td><td>12,910</td></tr></table>
<table><tr><td></td><td colspan="2">Mohawk Common Stock</td></tr><tr><td></td><td>High</td><td>Low</td></tr><tr><td>2016</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$192.43</td><td>151.78</td></tr><tr><td>Second Quarter</td><td>201.03</td><td>177.96</td></tr><tr><td>Third Quarter</td><td>216.22</td><td>186.19</td></tr><tr><td>Fourth Quarter</td><td>204.87</td><td>176.98</td></tr><tr><td>2017</td><td></td><td></td></tr><tr><td>First Quarter</td><td>231.90</td><td>201.74</td></tr><tr><td>Second Quarter</td><td>246.65</td><td>227.15</td></tr><tr><td>Third Quarter</td><td>259.69</td><td>238.34</td></tr><tr><td>Fourth Quarter</td><td>284.82</td><td>249.04</td></tr></table>
<table><tr><td></td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>Expected volatility</td><td>47%</td><td>54%</td><td>53%</td></tr><tr><td>Expected lives from grant date</td><td>5.6 years</td><td>5.9 years</td><td>5.5 years</td></tr><tr><td>Expected dividend yield</td><td>0%</td><td>0%</td><td>0%</td></tr><tr><td>Risk-free interest rate</td><td>2.11%</td><td>2.87%</td><td>1.73%</td></tr></table>

Question: If Energy costs develops with the same growth rate in 2018, what will it reach in 2019? (in million)