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SETTLEMENT NEGOTIATIONS• Settlement efforts began October 20011. Stay of trial schedule and briefs2. Settlement Principles, April 2002• Final Settlement Stipulation December 15, 20021. Waives all claims through December 15, 20022. “Moratorium” – no relaxation of existing laws and regulations3. Accounting – sub-basins may be added together (except Beaver Creek in “trigger” years – very important for our compliance)4. Groundwater accounting done through jointly developed model