Proposed Reversal of Levelized Asset Acctg Acctg ,
 FERC Acctg
(Is it this simple ???)

"Co 536"
Debit Plant
Credit Regulatory Asset

To reclassify accumulated amounts deferred under levelized rates, for recovery under standard rate methodology.


GAAP Acctg
....to be continued...stay tuned
teb.lokey@enron.com