Question re: Jeff Richter

Stacey

 -----Original Message-----
From: 	Belden, Tim  
Sent:	Tuesday, October 16, 2001 11:30 AM
To:	White, Stacey W.
Cc:	Lavorato, John
Subject:	RE: Schedule C Question

Richter reserved that last year.  He made the money.  It's his.  It goes against refund risk in California.  If we take a hit in CA due to refunds, Richter should eat a good chunk of that hit -- if there is extra money then he should keep it.

John has asked me to do a thorough review of our Schedule C reserves in light of the northwest refund decision, BPA's new contracts that started in October, and the overall lower price environment.  Richter's reserves will be a part of this bigger effort that I will get done this week.

Let me know if you have any questions.

 -----Original Message-----
From: 	White, Stacey W.  
Sent:	Tuesday, October 16, 2001 7:51 AM
To:	Belden, Tim
Subject:	Schedule C Question

Lavorato is asking why Jeff Richter still has $25MM of reserve associated to him since he has moved to EES?  How would you like me to handle this question?

Thanks,
Stacey