Fair Value is applied to plant and is being amortized over a useful life. 
TW Fair Value is very similar to Goodwill in that it represents an excess over book value, and is not formally being recoverd in rates; BUT at the time of the  acquistion it was treated as a purchase price allocation an applied to plant. Goodwill is meant to be a "leftover" after all costs have been allocated. 

-----Original Message-----
From: Geaccone, Tracy 
Sent: Tuesday, November 06, 2001 9:21 AM
To: Saunders, James
Subject: FW: Transwestern Fair Value


?????

-----Original Message-----
From: Howard, Kevin A. 
Sent: Tuesday, November 06, 2001 9:01 AM
To: Geaccone, Tracy
Subject: RE: Transwestern Fair Value


Banks want to exclude goodwill. How would you explain the difference between the two?
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