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The Company records the costs of postretir ement benefits during the employees’ years of active service.The Commissions have issued decisions tha t authorize rate recovery of tax deductible funding of postretirement benefits and permit recording of a regula tory asset for the portion of costs that will be recoverable in future rates. 

The following table reconciles the funded sta tus of the plans with the accrued pension liability and the net postretirement benefit liability as of December 31, 2002 and 2001: 

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Amounts recognized on the balance sheet consist of: 

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