3. TRANSITION BOARD EXPLORES STRANDED COST RECOVERY

A final shaping of Transition Board recommendations on "stranded
cost" recovery mechanisms for the Bonneville Power Administration
will await specifics from the power agency’s own proposal for covering
its costs during the 2002-2006 rate period.

"We’re just going to sit tight," said Dick Watson, director
of the Northwest Power Planning Council’s power planning division. Watson
and other staff members presented a revised version of a "contingent
cost recovery …

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