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## Net Pension Plan and OPEB Costs 

<img src='content_image/8685.jpg'>

## Accounting for Derivative Instruments and Hedging Activities 

In June 1998, the Financial Accounting Standards Board (FASB) issued FAS 133 Accounting for Derivative Instruments and Hedging Activities , as amended, which is required to be adopted in years beginning after June 15, 2000. This statement requires that all derivatives be recognized at fair value in the balance sheet and all changes in fair value be recognized currently in earnings or deferred as a component of other comprehensive income, depending on the intended use of the derivative, its resulting designation and its effectiveness. The Company is required to adopt the new statement effective January 1, 2001. This statement is not expected to have a material effect on the financial statements. 

