Attached is a file showing depreciation for NNG Commercial after excluding depreciation for the capital dollars associated with rate case settlement (lines 13-16).
The 2002 depreciation is calculated to be $4.379 million.
I think philosophically it s a good idea to track capital projects within NNG Commercial based on the life of the contracts used to justify the project.
I don't think Neubauer is quite there yet.
My concern is that we have developed an IBIT  target for 2002 by using a 2001 number that does not include depreciation.
It seems that we ought to offset the 01 starting point by the amount of the 02 depreciation.
Lets talk further with Rod.

Depreciation
Attached is a file showing depreciation for NNG Commercial after excluding depreciation for the capital dollars associated with rate case settlement (lines <NUMBER>-<NUMBER>).
The <NUMBER> depreciation is calculated to be <CUR><NUMBER> million.
I think philosophically it s a good idea to track capital projects within NNG Commercial based on the life of the contracts used to justify the project.
I don't think Neubauer is quite there yet.
My concern is that we have developed an IBIT target for <NUMBER> by using a <NUMBER> number that does not include depreciation.
It seems that we ought to offset the <NUMBER> starting point by the amount of the <NUMBER> depreciation.
Lets talk further with Rod.
depreciation nng commercial neubauer associated rate case number does include think philosophically capital projects used justify settlement lines ibit target