What was found
PILOT REPORTS AS HE WAS CLIMBING THROUGH 7,000 FEET, 10 MILES NORTH OF THE MFR AIRPORT, HE NOTICED 200 POUND DROP IN TORQUE AND 40 DEGREE RISE IN ITT. AT THIS TIME, PILOT ELECTED TO RETURN TO MFR. NO EMERGENCY WAS DECLARED. MAINTENANCE TROUBLESHOT THE SYSTEM AND FOUND A FAILED BLEED VALVE. PART WAS REPLACED. GROUND RUN CHECKED GOOD. AIRCRAFT RETURNED TO SERVICE. (X)