Tim and Mike:  We are advised by Stacey and Georganne Hodges and we will make below Schedule C adjustments in LTNW desk this month-end (Friday).
Please let me know if you disagree or please approve the attached Schedule C form and I'll print it out for you to sign off.
Release/Removal of schedule C: region: Mid-C amount: $11,432,070 (the release will increase the P&L) reason for the reserve: reserved against BPA Federal Surplus Contigency Clause entry date: 2/1/01 planned removal date: 9/30/01  New schedule C: region: Mid-C amount: $11,400,000 (the new schedule will decrease the P&L) reason for reserve: Northwest Refund Risk planned entry date: 9/30/01  Net P&L effect = +$32,070     Please let me know if you would like us to use the same explanation we used for the $10MM schedule C reserved in LTCA on 8/21/01 for the same reason (Northwest Refund Risk).
Thanks,

schedule c adjutments in LTNW