RE:RE: Conference call One of the noteworthy discussions during the conference call centered around the sale of Algonquin's renewable energy portfolio... it's clear that Algonquin is proactively in pursuit of an offer that resonates with the perceived value of the renewable portfolio.
Robert Hope -- Deutsche Bank -- Analyst
I did actually want to go back to one of your comments in the prepared remarks. It said that the timing of the sale was going to be dependent on value. Could you just dive a little bit deeper into this? Like have you already got some inbounds in terms of valuation that kind of gave you comfort, as well as will this be a set formal process with a kind of wholesale divestiture as the end goal? And if valuations do not come where you expect them, could we see this deferred?
Chris Huskilson -- Interim Chief Executive Officer
Well, I mean, I think that's what we would mean by the value essentially being part of what we're thinking about. I mean, we're not going to give these assets away. I'll start with that point. But we don't see any need to.
We think that this is a very attractive portfolio, and the work we've done with JPM would tell us that we believe this portfolio will be valued appropriately. And the modeling we've done to look at where the reg business would be after that is in line with what JPM thinks we can achieve with this sale. And to your question about inbounds, we have actually had inbounds already and some very interesting opportunities where people are interested in new portfolios, and this is one. It is a portfolio of scale.
It has a tremendous development pipeline, and we think it's going to be very attractive to the marketplace.