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Processing of SAVRS Auction Payments

The Plant Fund Accountant maintains a spreadsheet to verify the calculation of the payments associated with the SAVRS 2002 A & B bonds. The spreadsheet calculates the interest expense on the outstanding principal and the swap payment amounts. These amounts are compared to the notifications received from the trust company that processes the SAVRS payments. The spreadsheet also accumulates the amount of expenses associated with each of the SAVRS bonds.