Yes, it could happen that way if the Note Receivable would not be setup.  The establishment
of the Note generated the credit (reimbursement) to the project.

-----Original Message-----
From: Hayslett, Rod 
Sent: Wednesday, November 28, 2001 12:49 PM
To: Cobb Jr., John; Saunders, James; Cherry, Paul
Cc: Bayles, Timothy
Subject: RE: InterCo Accounts


If the reimbursement doesn't show up then there is no offset and the dollars spent should end up in rate base.   Isn't that about the way it could happen?
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