ML20096A747

Penn Power 1991 Annual Rept

ML20096A747
Person / Time
Site:	Beaver Valley
Issue date:	12/31/1991
From:	Kensinger R, Rogers J PENNSYLVANIA POWER CO.
To:
Shared Package
ML20096A734	List: ML20096A728 ML20096A737 ML20096A740 ML20096A747 ML20096A749 ML20096A759
References
NUDOCS 9205110199
Download: ML20096A747 (24)

Text

l y, , - . . . . :' -

,l., g*

• sy . o4

. . ,, . ,f '

, .s .

• • ,',-{

s ., . ,

' ~

,. : .' _ ' , ' . , , , ,  : ; .y

.4. . .,..n..,, ,* ,..,,.,&,. .,..~ , . y,.i. '. q

_ ,4 . ;.

., .. ;; . . .. ... ., , , 6; , > y, '. , .':'*'.

. . , .7  :- ., 6;.;g.

e pl}g, &' * +, ;;4_.,' , .4' .., g.:

s.- . , , . .

e,*,e i . '

~.

q ,

...r ;$ -

s '

a,

...:.- .Y . ' ' s '.' ..,, -> !y4<. . j , i (.,.Q s j , .,'..,: ]{ . :.*.%af,7 ;I.

t J

, i' ,'

s ,

,, . 3 "

y

. ..: y g ,,, , , ,,'s

. g; ;i .. ... .e ., ' -4 , ;., .,.

.. 'i . A p ;. cc ., . , ,y . 1, ., . : ' <

'o t.<. .,9 y eg . '. ; ., ; w.w . ,. ..>9',' -

., . ?. ,. yh; i ,.;. 4,.3F,,;t.f'@ . .y$,/

.,- ..S.

c ,[ c. - . g ', s c .': ;4...j,,*~,

, . , ~ . - ..

k .,;;'. .

P.7 qfy ., y.yyly. f :I

~'

.i.. +1 . , . ' . . . ,e i. . : j h tt,'

s: ,',. -

'; . v. . t,.,,1, h.. e '<:.

. . , . re* .

.? .0. 1

. . X 3f. u '. ':: _; . *i . i .. , . ;; j,(.,tyT.-;,;,t,Q *

. ':[?: , ?f ' ; f . t, y:4 ..: q:'*m.,, a.>.y,

• 3 :. A *,%. ll's}.,f...y Q_$ g - [y. .: ', ;,*.f . .{. _2 y 4.; 2 . .t - . %c. # +3. . . . .T .-

hl t,c ve" ? ,

_ N .t e N.

l r L . ' ,. , f.

.p , , 4. .,Ar ,,. ga 4+. : '. e . , .

......,.?

. . . %. " p, 6?

,g A , . , ~L. $ , . . ..

< s.

-: G * ;, ; pa -t ;t . '  ;

,, t .s 4... t>s .; s.. .. .

)

N

m

$s ,,!-4 1

> 'i l}.

y y ~~ f~a

- s. , lV .,

&. ",e c {c , -

J .-

s. c .

• ~..;

..a ..,,,.. .

.m.

-. ,. . ...c,a i.q.;

h-p$ 9 y, .

i.' .. ,

(

ew ~. 'y ,

. / :, ,a ,. p -

. wy . ,, yn >

.; *y y

kb& .; ,. -

+ . .e p' 4; - . ] : ?:

a-

?l '

Q L

, - .y/;y ~w 'q, ,, . .

.g

1) ,

e. i $-

yV..- v ...

.. . 1., _ c

. . < o, - i

,a , +<.

I . ..

... if.*

- * ~ ,#

m . . . n ms . . . 22. ny - ' * * - ' .

3' +' .}g oe

i ~ .

.< t.

i  : .

.~ , , . . - e .

fh.

^

. oo . o ' '

~ ,

, . t

'Y k , ,,4. s 0'. ;L{A y $-l .

.."c . . *,. . 4.  :

a

, .e.. . . . , . . -

9, .. .. .. ~ , . . '. . , ~ . . .".. -

,c, . t :

g. e, , p .

..? . s. . . . . gJc. . . .

o s, s

- - .. 4 .

..a .. .p. ., . .3. ;,.,

. %. .. ., ,,,* a

h. . '~. .

'$. N. j f l .l .f ,_l[ Y 9' ,,

'. - - , , ' *. - : _. g .J ' . ,$ ' . .E ( * *, ..: ~; 1 g l& f.*; .n.(.

..s , . . .

7, ,

} ,; . ' . -"l . f W::l : . . ?, ' i. L '. N .'[ 'L Q

',c .

f ; z:3...f,,l:.f.7 i ' .*~ G ,;9. '., .,6L :?,y...4;;.

m. T lL .. . ' }.: h.; . . . " , . . . , .^ y'<s=+ ' ' > . }yQ,y %;

w ;. : . . : - f+ ...t-

. .: u .

3:  ;  ; . - . . . . ,..

-> . . ;p .s . ;.L . A ; 4 \

... .. ,'.s .

w . .

.t. .:. ; . , ..

q 4: :. .' #wD

.. f.. ' 'l r *

-

.. ,3 ., , i ' - . , ~ . -K. .: , .

y.,

,.. . - .o,.. a .,> 4 .

.c ,.

.. .., ;.> . w;. -+ .

.

.~ ih . ..

. v y

?.

+

xm 9....t;. ...s. c .,; .n.

o t ',

1 , ( . . n .,A. ;, ; R.: ; . .'.....T.

OR j k'  ; ,{

.k.'..'.'.

,. i,

.'t

. ,p,. . . .

.. ,. ....-,. ,.m.....,

. . . , . . . .. .; 1 " of . y ,..

.x. ,.m.. ,., n.,

'. :, . ,. ...L.j.". s. d1 . . <

. . .. .b

• w. . . .- . .. s e C

,- e, c -..l.

s g. '.

.k , ,.  :. 7s .* -., , ' , .- - . 4.- .. *) . . . 4-..

c <. ".* :6, . -: . .;. . . y, '. 1': 4 ;,  :. -

y' 4 - y- w. . ;:: . - ,y ..~. w:>

' . , . , . , , -.4tep. . . ew

.. .. 1 r , ,; . . . , , c .. .. .. E , .. .

...A

, 4 ., . ~ ..g , , . A.c w.ei

.- . m . :. ,, : .

,.4  : ., -

n . ,. ... . . e 9,

..,...4.-  ; .

'  ?,.  :. ....;

's . ;.."....

w

- 3...>:..- . . ,

y s .; f

. :).g. . . . . .

~. ..n*..  ;~ -

. . ' , . , . v. ;

: 6.-(.

, . . u. . ./.- .-Sy-

.; . , a . : &. ;.p'.;,.... ..s, 7'....r, o.a.w. .

.y . ..-..c;.;.

i - .. .

.c,...

.(

.. , g: ,,,s ,.y

. a, .~- .: o

~;.t. V:. ~ ' L? .

w ~.:, v. . - r. . > . ;.  : - ; : ; ' .4 a. ..:s w;.

. ." .;,,v . .: . : a.1 ,,. ,w s . . .' 1 : w. . . < ,_3 1?>. ' .. . ,

. ,u, . -

x. *

. L., ., 1.; - . *

~.s.,.,*,.,,

cc .. .,4.,. . . .. ...; a. . . . -: 1 .f. .. . , ~ . . ~ .- ....;,.6.. . . .

y . ;.,.

x

. . :.. ,r. .t ; n< *3 .i ~,

y:. .w.

. g. y .. .;

.e, . ,; . - -

.. ;,9, , . .

,.),.

, */ ..

n... .s. /.%,  % .. .s*.. . < . 3,.... - . . . . .

s 2

. . - .... .;./. ' q; ):.. .. f

• em ,; :.- s .; ,y .1

.y.'. .. ** -* e n .<J

,,.? ^.. ;' W . : '

' l '

.')'

. ;.. t- . s p . :l. ?. ',.',.';.',.

. - - . .. :-. . ., l ';:* , ' . , .,'n-.,' . ' 'l t.. . ,..: . . . .:.c L

e.e (s. .

.v

.n

.'[

. (,' f' ' 'l

.,4..

, . .i., s..-*; [ [,j .: ,.. . 3. .,> ,,...,.. (. ,7 . ([ . '- . ,, f.) ' j, .K . ',fI 4 ..

..a.... ,.,, .

I. . . .

. ./., g.' - 7., g,3 ;-

\ : .;;;,,g ..;k..; .L .:W .: . if'

.  ; p.. . .n .;; .- ' '.. ,; i j. . . n:e A.y,gl;,:  ;,L

'. & &. ,.p [ O.y.;;. ' '?! i .9,,.

5 e..-: '.,.,.q,:.. ,;. q;.,f' .' -

7 , , s. . . } ,.,l~,

T

?a $:. ..fg4'. ' .((

e. . . . , . . ' .l ,;. a.

m/.' > , <

f.';,;',f. '.;

,; y.' .,;.' .. ..;:.

k, 'z .. . . y .

4 . ., . ;. , ..

+

e . y g '-? .. g\',y. s... ... ;;. n

:'q a j..y,.. .,. . m:~:a ; .: .; , p s ' ,....$~.. .

- x;  :,=.;

' .n j ..o 1, .; , : : , Q '

.q; .. a .:' / ,_ p. :, .% 4

%. . . '. - Q ,. %:s O ,.y s, :L _

';.' m. ..'.

. f: . . .:v.; y,; . .:

_o.

. y p.

/ ;c;;x - lL . f , y

f M

:. h :,g 3:hl;.,:s'p;f,jy.;.7

,Y H $~Jl  ;

' , b.w+ .

,w, ,q, '. s..y ..?~ , _ ;.? %l:b' -" ' .; :<;;;'; },jr:. ,'} } Y: y } 1  ; :N#.L Q o.g ;.. ..:q. . . r.g. 1e. r e v . ,., ., g. e.. . p ,. ~ , v.

.tv... -

. .; , y

,, . . . , * . . ... -.. >- . ..~

. . . g ..

' . ;;:q'):.? .%;V*,);.J;:l._,;..

.3_ ^; .; ' . . . . ; .. ;*y:. Q .; ,

. 4,M

.  : . : . , 4. ,, , .....?, g ._ .. g(

_,~ , 'v, .. r. _.,.

_., y ' . ;, . . ,, '[~

u.

?

.; .. m .

'} k . . . t ,, ';~:> .-; ./:: C. 5^!., . ,' ;. . . . . .

< g,;. . g.

p.7 Q::' Q , q(; .x;) .\pl} j '..qi,,' zq{. )] '/'s?

Q '[ ; ,)c,f _');;3.[,  % )D. '. . " [ ,};;.] j.?..[ l , . . , ( j g},. N

,e..:.

x, .: ?n..Ls:.:;w, .;

q .r s :3..-m... .m

% [..

i.:.f. C:. g.. ...u..

4.s,,y S .: p .:s. ,, .

M ' . b < . ' . l .. 7: : x .q:.:

4.i r;w..: r :c.:.. ... .-.. ., ...,. 7, ..; .::.+.x.

y: .w:.

s . . ,. ...

% ... _ <. , . :' : y 's..

. u . z . .c 3_f. ~. M Q..}, &

.:~c .p '; . 9c:. .a

.a.. ..

...%. ... . a, v '>  :). . . ..L:

7 s3 . ... .m. . g . . ,,. *

. ~ s +,

• e_

.. .:.. J

,y:. q,;,

,s 1 ,s;.y u .v. A o s . ,7;* R.a W a. .% c..n. y%,ja;.a q, s. .

. ", . i :.N .

g?W

..,y

. ,.  ; . c , . . L.

, . ,' , .:. .'? . x ., . ..  ; .s co m.c ,%.e: .m

j , .;%. v

...;,3, . a .. p 4....

c. .,c

... m v .ie ,n. . ;; . ~., ,  ;  :.. + 4,.x% v .: p: ~ -  ; . ,. , ,%. -4 js.

. .m.

qyo . a M. , v ..;. ,a w.e

a. - .

.,w . . . ..

.t

.M. ~ . . /y a 4. .w

.~.

m r .. . .- , .. . .

c p:: 1 y 7g., gn t s. 3 g.g ,5v. %. m .c.4

. g. K47 g4

<  ; . . , . s i .

. .f.g. .j. #j ,,..

z. '.p ;; y - ic (g, 3 ..

9205110199-920501- ;. q .. ' ; p%':d: < .:)q$ Wc.:

Y . . L-.M x ig f .o n C ;- ' @

b : .:2 3 : > :; ^:4 1::t ; e 7.. :: !: ,;:;-) ' 5 " '. ; :n' PDR. ADOCK 05000334 .

a: .. b ,

' ::<:.~' &m% ?. ::% :.. :. n....'..?...,1 d PDR .'.\~a ::. ..; &. . , .. . . .

., . . L. 4:. ' + L s:;

v :

l,,'Q . ,' .fh, f; , . f f 'i : .: . .:?j. f;

..,}c...  % . . . .y

^fk^1.5 ,,.: ?'/.f.-.h:$.

{0 , *f

, ,. . . l h : ' - l'.

~ ?.. . . . .

- . - - - _ _ - . ~ . _ - - _ -

f a

COMPAN ? PacFrtr l

l

! PENNWlYANIA POWER CO.\1PANY l

i PROVIDU EllrTRIC SERVICE To 1,36,(M) Ct sTOsir'ts IN

• TbTILRN PENNWINANIA Till:

. COS1PANY l'l'RNisill:$ hl.l~C1 kiC SFR\ICEIN 139 CON 1Ml'NiMIX As 1 I

j K1 LL As Rt ilAL AREAS, AND AI.30 l SELLS El1:CTRIC UERGY AT -

V'llOLLsALE l'O FIVE Ml'NiciPAli

i I

! Tirs. Tile CO\lPANY 5 SERVICE ,

i i AREA 11As AN EsTi\tATI:D POPI'IA

i

• TlON OF $60,(XXI. Tile COMPANY, l

WITil llEADQl'ARTERS l.< NEW l

CA$TII:, PE.NNsVIYANIA,is A l i WilOLLY OWNED Sl'INDIARY OF I i ,

! 01110 EDINON COMPANY.

i l I l

l OF 3 PE NNS YLVAN'A l l  !

l l

l

>AGH I

CONTENTS l !I FIN AVMt ihCHilGilT5 . ,

2 Mtsw.t To STottilotMn

) 4 O!f RATI% hi AfifilL5 ,

$ Sith' LID l'INA%1M IJATA , l 6 MBAGtMfM S lui um AND  !

{ A\AliSb l

. 8 STATh1ENTh Of IVDM j .

() 14LnL1SilitT5 f

10 514ThtrAT5 OF cam w2ATio\

l1 STATIMINTs Of h1 AtN1D EAnt%s  :

i 11 STritmTs O! CAmn Sim Asti [

I l  ! DTHFit PA!b h CAmM

I? S1e rvixTs OF Casu lW s i

' 13 SnTiur\Ts Or Tuts 14 NoTts To inw.at Sun MrM s i  : 20 h kiti OF hiotutNT h bir I

Ato' TNT nTs j'  : 21 Int (70R.s AND O!TIGkh -

---

s -me- -,-w,- ---v- ----,- , --- ----- -----e-s

n>ar e = n m

• v w ;r sww ~ :* .

• w+

.y tj to

+t - ~ .

m 1; p mQf s 4p 9 fm:.n f u g3'f m p . ' v ug k N), hdNM f,QQ e*~~ j,o gf, .+ -

• y ' &g ~rm g;& *{ w v n y&me v&m r e +

• G&j M :e_ Q?'rQ( ylj , " f n n "l qfjMN  ?.j)lNA Y# h k M Y pd f $b $ $ $ @b M @Y &&M d k b8Md@2 2 g*L w _ y"%i K'M(Qjy"n&w) 9[,%($q

$p M +

4 dEM G$W?T m Mew @WdMMin@WEC > R m?# t -

WMM Je* D  :

%R =

&y& ,Rc gh'jf&n c %p QQ m%r:.,Q UQh &mMyffNtly%&kQyt%%% m m n 4 + ~ ~'w~&um nwww..._ ~ + V~%ng ngmm J QQt, '+e

^

t .~;)W) N-.w.n- :m_ , x[ ~ g 4],Q

& n (k a&ns hf nw %kg:,h k Ib bhb h b M Y $$N -

hki?y:w+hDIM + hh M (k M @h k VMD h M UM4= 1 neem-1842W t w 3@ +w MT a L8W w% W M e WT d sJfw4wa

%p$w%m 3 G p e y gueypwrsxy;.yto9g wxw% w,MMF^ m w  ;

@w*6 yt a2ay ,

m w wm gj u$py 4 w n 9d w w w n w u,. r ,a :n d % ~c m talStoct -

. A~ >

MAi ne s.yw ~ -

.w '

m gf M -$$ Md ymwm m y@Y~nM-,e ~+!k s.e ;d " f:( (~A. ft2l n Q1@$1d{Mk

,c . ~:n. v .,.

i

,' e SN%o

^<w ' #n 1

AF$6 MFZ ,J w MChtmdog of FadlMei nn v a a$ .22,0 / 3 .- , ! $TL qm S

-i n- &- 'x*]g n&w# n; % hi[

Q m Q p& @fdhf &m&e* w w@Mg&n&w:akrM

.Q Whl f I [$st l'

~

Q NdCQ&atk up y w % ew-x r -

%n; w[ Q - ,, "~' Il f ',? ,

Mm An b: , s eo Y%l y$ _e f Tmmy 0h '

49 Abu.m u t] hCMts. ,

- ~~

/ -$j m?

?(hhh h k NfYlhf '

.h h! ' >

v k l5 Y Yb SUhl Y acn ' m *u m. a&, h-m A..~m_k hwe$ wsnc w w~uaw_wY -

w- m hfi? l . ?. h UN Q:'

l x  ! n DlhN , iN me

? ' nu W$lmsww8Wt wN hM4KMWMQ Qyd k & e a? n m na mps@n@ unum [www! . Y dd httTRAl l'inanddM-enpw m^ f %

+ Y w $ w$

$ w+$ sa {

. '$(92

-= m$.[ M $i22 ~d ef %~TS$

w mw m id D NY *

• D Gy%w MNkNk[&~h ww g&, - r ,yhkNdkN W M S % m %e w . MUINNDNtTNgd w v, q

.CC#UGOtih%tyi w

m 12.2  % "8 -

~ :

e4 .

vp Mg&pmW &

~

't ,

M hMha#yW ej m ~  ;

m %w%,o%j%.%g -

1 ,

iA e .mW m%4W?;;;/-_ N1N, u ! .w' s r. M e

+ W @~

RRp?f .* ydNk i

- r $r)l

\

0

• e g;h r

no, gMM%p% mMm/,;hm%wWe@p&

'&q {::c ,8 Q f fM!;> W ;p $ gmg/M'W

, e jn nw gym: JVp . , z Q tg x a>,. y- , <

4 H n fvg u ;6.sy

n a+a-ym i1,w V. s ye m .. w E r ,t~

y?.. s ,A q Nq; s

. @, M<WAn . n'3  :.g;N' ers' - *Tdi

' 1 p' I k M/,ib MMa-a N

0A[N x39 4 QFN<

3 '

iW  ?' W

@QjW@@h;dph"1

$ i$i@$ff$$Qh%@@h C[ 'WL s

'f J "

W s

1

, 4;$ y Nz N MN , \ WWMMM [

u.bbM e%mwn%4,r.a khb N [cm%l wa%.e;. a<W s$ w+ m>

a 3:

N1m4--w% 1n;m i , +-

e ne & , 7' _ m+ ,

m&QW:a w &,q/ u.na w7wM r .e p y- #-u wem%.*e ya y%% .,

iib Wh O < , O ?; - *  : ~m&. . . Wh&% t; * ',' W:;%,,

- .;,g,-- , , u >

y # , , m,A 4- . -

<3 4

w % w %atw . a Oa mm i. ,1g#- n ,.. ,g a

<.<c , f i, , ,i.( f ,g 4

i t n.

~r.< ,

- e+

.m4r i

3

.: m

..-)< ,.,.9 *4.

. -. a, ll fg#g MWh: hkh M%My/ d 'hY ? L.Yb',N,z' 4 Y, i

,i.x

??

C:. '-

• fN \

W.

1 i &,? *4 7

'Q  : 7(p 4

' = J i fbVk' " ~FQ, 4

s M A k N N M Y T E 4. 3 N: -m

~

g .c I E dp'7:Y Y " '

N, N

• rm 3

w? y Q u twg%mQ gm - Wtonn wn%q:t img mi p

>p v- 7 s% m y s

sm

'q',.

s ;

+

u 4 'x

-.1-c e x

o A .,

e a..W

'y, m,q e

1

_6 Qyp$s@hMqm,A $pt m ,-.

> e t

• ;5;L y ' < .b W s:,4y, f.f ;Q TrV' gp r p> %yV *W 6 u '

. , +

g,' .,

>h i

/ WY y%e.i @W ,h-#. Na.g 9ru=4svm.o,5 oM< :M< o's.a"U a,c ,;icir'qu D 'I'k i F 4 -

-d ~9 %o e - : nsr a m i

' ,v -

• r. *

• wk w t -

, s t- s ~g < r ghffkb&g&f:hls ' p a3 c,em $N

~

I

,l'" >

y m

ya

,m,g%wW gypn.a ug % n,w&e,s I, e

1. w.

o x

-+,

m'

, a t m 3,t de n, D ~ Nt . m.

i3; .v i * ^ 2 s fk,. qp Mk.h%Nd$ b NN.h! s

. n [M *

' q) '--. 5

, t (p

> y. , , i AW \

< (eafMpr h? hMW l<IU '

~ W % s' '

r , f :h m [uct , t mp>- 'J 4 w^ .,,Y A.? Wwd sM epdb@hIS t

p % W+y m4 9<

e a

e' - { $' e s J3 -

' -c' = aw n p'g:v 9

w v-

.ip p mz -We;n. t %g n*rvp - i& w'e v n 9: , m:b t n ,

n, . dve u.9..~ ffj M;ye# Nr s'

_[' %+ y [.

s pI. i p# -L1

-'N .,Mh -

1 th Y

g , {

hM hh 4 h * #

b I' <

O " i MpgMP%+a H M.s.,

s

- May% vv

% 0 *

, H y1

^

Yh h, uMk [M%(M5 U \

1. # * * *' * *

• M mmW D 1f

+ A@;y&%l@%

Y

?k%

c hh' ',iW

, y:' , .>

@W:lj 1 .

Q. a an ,

NRCM dtiW d g-J ' ..

W i

ug; kd a cm ,

QV @ m;4;v p.O gi- +( &s m p byf gQMW 1-m M N M n e w +- c6 4

+h@3hhhh h hy hbhih e q w;4.' ., ,

<, +

wp . %.. ,~_.

m ,

i...

..m. , m ..a._ _ ,L_ ~ m _, . a. m a m u _a.

3 y

v #

d w( v'- a m, -

pr p# 43 , > , & n

, u n;3g&q@Q p

@n +m w W:w 1

!W W'

• Y+

' pMSNMw@W

( We SW gtC4pEAM b4 AMsm -

[h$g T qR [y .,:n SA jo

< . . ~ . <

i o .. <

y 4 . ...

s

": )3; qm:MMih q o q. fM y i M 1 E d d, Supmne d d <lTt1U @, LI-y C$rtMed C , M,ustmWJ.mlpk%ts first folli .1 g ddn x .e r +'

+

Jeat of cratbn> m 1991 witW 4

.w

=

(A.

- ' x.: u  ;

"A B $-3j iggundreept4:a4. -, #, fWappu%

W ib,f y. Mg y m m ac w we,8 m .. .s . .

pm$ig %NhdddndJahnwy~;

. .~. -

.SurgHyttf 4 tlcKAlM1i i t' 3150/a $$nlubn;sherJux hh hi . i>

9 W"WW 4

-$q@w$w$p$;fk@ $wM == > a== M M @ MNesum *a @w m fesgan 91 9 im P mentimp =av

~ h e , nene f F

x MW< %a+%mr1A e wae6 A wr)9na4teme mm _- _ ..

4 m incenWe rateshdppmmoteImrO T 1 . . ~

n QW p@@%g-DPiMfdMm9rspeinidlowatt<

(reqWringus to rdmd to momers dhg n

$ g@r$WihnM . ,w a  ;

iheesMpwer Nah

.. ~

. ins grwt!Mhh comnjuntthpM '

.v .

- we serveJeder errtgyjavings[.

wj n$$%y-@}e p 3 _h hhhk } A}jG ~j ~1%v cQ terWG,markb~gsix;made yngf&,i1979dsh jQ

_~

Q nli,y sw wuecewringe.nw maimeemrunne%r : ,

d .g aQW ghMWres ..v>v & 6c+ &i % v. =

em g%e4g%a@

[y x 'W(nu y QfM

• TddNDff)eW-m vn Mew ak%@new%w

. m ww.

Y thecawnams,chett ehedit ((C5titKt. - .,.

,E'....

%:, WhnSykMlak

- ..- ~

11y U5e3CU 19k70 W$10thersI

.~ . o M12VC p%ftkipated lit Ihld progn!m(.

em m

i y

j-d g$m [,; j DCMd $4 Air, ton $tiong . , , Despite  : ~ , hat t ITM ru!!nk-

, ..w.m- .

wa , , ..

y , )m , en. _$ ARM MdWidAlOdomk. / / fAtIllng$ WOO!!ued 10 benefti .MdiDS!Tive from > than A0 His tol ' . s if hDM h 3 khg$ghhhMtrdshndkh Neffortst(tthushts:4 ?t he ms and$ k A mlM l b aruum. [ }[ ~

}uppgW y mw n mg ayunm s, ~ax,,+aa iredoedour work force toitg1

[~w'e crpaf~ddour program

[ ? j> > ;

(lQ;hj gg 4prwb@itn{TdthlclettricpkG' Wyn v o m-w n c -ww . ; n dw -  :.:

m$gfly;}M,jj k h?Q whemtasip 94 f " Y'Y kY

1. . k'.. ~ ,

triestriatopertaeduringortgatt , F.

ais,raevioour : Jtkocwe mhtmedse - rermanced ~c ~ .:

%nm%e %e$ jIlthht$ij[ u{[t 6 nn -

>NY0r$pindudng thdr ~energy vm costs;~,

hgM V -

VAficu3 $0CWides,10WorMg ourj

. , ++~ - ,

Wq whlle'stkhng to our dettric s2!es. A

@4 c ng4 - g .gh #[y\w+A w -lAnd forvuthe: ; D Mg Ilfdi. corumiWel u . ~-.

,+ i st nual costs nearif

. - .c I19 mluks

- .~. , w.

NNQ!%. gpyh[qpjw &7CarMT C41@cn Set 8'Mufdl , aln Tib furtherinene salesArm 4 p$u$p@p?ggwg,3MMMMC 6 e%.MayJ990weittikddch -W m=0

%;gwem%na; W*brW=iM 1st . , ,fthe ,, , ,her. ting ,a ,te g q M2 hay =

, ww:fomglghiasr.1nmase %esptus,bercen4pmn

%~.

mnw ~b4w;nm. % S qi N, w h

n n~

a, .m./~~  ;~ ::~ "v a,-  :

1

- .- , ~ ~m + + n 1

j [% . kkNb CO" N qq . ,

in 19907Andje addhimore than N

[ h We W ? i ~ v - A < P hiptw4hae two Oing 1e m %e m % o" 0 g p Jot the gn, eamags on 3 . m.oc - , . _ . . m m: w . - . . m nusld N Nab N fbp) :lcambp nsifJhc g19qwyee

! Mdedricahheadles in h dk SC[ M [@yc[ M M 1***d W 6*"*co " 'Y** *" 9"*5"C emM nh* W =""W*

• ndu6nv =**> " M

' w nm

• 9? W*=W% 9$ w* ,1 p$%dM*w%3Q4QW s h@ @ h e c L 6 mau

%herseVafrect futsre caned

. ? *' ***

ses andincreie energfefheys Nk, hM g44@QsiMMeWi.este gym m% m~m ~

wmmmNmet 7 . ,

v- . . .

• 8 " h M M u li m q w a d 5F""*M ** 4 * -

,e c nptAntin,1990c 3 Ow localerotany is e.nected ' .

Qg6h t

hdMN[gYK,J 4 .

Mon may Et!!jhe wrik ' to grow further adhe Wsinesses .-

N $

. - n -

m . fo ag a s MA :off resultedfrom: m#.a disalloware of _ ' and1ndustries we; rserve insulation fane and electric heatmE -

WW" 1

j's h ,

j Cdst3asMd$1 th partimes of L morf 00mpetilke, Sharon $teelv

,a m as,, a '

aw '

4.1 powr from the hrry Nuchdf our largest industrial customer,

..reah rs and home buyers, p,h ] '( Nwer PLutt( Ahbough we appealed = l emerged from tokruptcy and w re,mswa racuaw ma ra r n m w%e?

a

,#t $ o 4' <

t .. .

Koppd Sted, m important new '-

Lx Oxumisdon(PPUQ disallowana, qwynw>

pg4 W n,

,7012 -

Q . ,' % y

~

~ wwx - - - _

go p. ,  ?

c:Aq f il h,37,.gn I .p h,L3.g r

,.n w ati g; gd ,

.- s ; a N ', + %. &y Why -W ,h a s .~ . Y W f W *V T m Ni 'Y; W-Q ~2 ( * %

g D

%?

e gl+pl4lf h lzu v a , y'y '

myMg a yd gg"%?Q;y;;m g=e . +-

7 .

vg Q + ys m a n npMWywghga W+ w s' x >

x, ~

. +

N y, hk ,m _I$hhm.

I thD

$ h hSrdCD f IkIme:

~ .

. . .. . .. . - k[J

,.w [

TNI M' N 0 wM mm-am . -

', < f rdili N[wNMI s %ees M IM N y Chalks # h %1W

m. _.

. . .. _ .. ., om l$sc$ -,

Wrvidd HUM (U$

• the.fulm d '

Yg

-. m -

3 ~, N h y o b b gI i

-g hat)f' MyehMdilNhdmt$railoi u lhtend to wck to the bushn J' eewagontwhym w w gtompand[

-s ~

. _ 4- . s .

e u Gwfamong eear me m

o m_h,_M.MShmtt,[UsC$nh NNpIj3hNifkthe mndybig any strategy--.

hfW h" Afb [' : p$41}00alkheth~lft; ' Wt'llddiflCd kUN that wdk to Jour futurdxmse @l s

[ t .e l 15

.-n  ;~,.n g u.

+c  ; ..

y

'~

. r

%,capadiy y n u

~we,ninui.-atitionW , l nsats anii msmihi hi the.

(DNt o aYD long historyw empWm ash II D bMMN

/

/k [ f MM10iv M%e simiisconcernsLl ysrslempivys hheim us-mms $ythhiie mNIks!tilifyjo; *

. trum = a r$nd.nf nostM, ; iaEAutsa!b fbt sitdoniz usttp Lcompdthnhde mming the , ~0 *

-w . . . ,

y e

• l- j 5 w n.n . - . w .

s. ?a i

a %;Ddlff pblrillQ g , j'a jc 4 w jom wM lulEarmhplthl5PON ,

TheIdal WOfk ONnphy00$,

a f[P

,ggg}jdM[

7 l%n u a n m w{h Ngy$gt}g jgpy ,

.A.% e,,,,,,4

.j7,3g gt

- 3. .

/ and their commitmev, tW h $h0W lillk' h{ D6 Nge }R i I10mC*$ Wd t"n$WC fiut $UC0en 10 i h $3AkNh', w th!N SflIll0$Nll,lW c.

i

a. m . . . ,. ' [s/

h(* a Id I N k h Ohdl k!D tyfd (kbpkhjnd . (De yeMn5 Ahe3d[ i MNMi{Ndrsuilp ws* MS SMss hNin, Utrbon- <

4 g[y@x eq , moggm m a peDe9 r

thW~can M ww Modie emwaW e

tuon

, /

o n rm. .

y ,..mm z.~  ; . . . m rb. ~de R' .

N s t,e, , enalwhh cut Thep%j%s pm EmayinMe AsmanyWena s hoff5tfEpoNihilithhNrk [htMN$defrMuhlffuh Vfjustin T. Rogery Jr? ' N aa# n oe=Ma**v m p$p%Wkwe anw_. h W W, fans m .u %n95p .- 1 .. x ud akt tmuute omeer - , ,

1 j [ uel,0 % 8 Dew $0u p@ti Of, ,g- A greenhouse gasesJhls Qlustrats

' ~~

4

, f.

NhNh e Pi *c3 < y

{$4%pbi$

n- . .c h knAftNs6 Mna%maiseanmen ~

[NNd f$Imore. . .. . .

WWn,% r' aliitic W . and ?%W. ,

J,b : w

~

~f4  ! ~

Q j kQ '

g@Ne are futnipnotigniaN 4 und thd6uihinitM remums> ' irih ,

4 kddiden$lthprde$iM, - u 3A MW suptsort ontM<e proNs I n y[ Nuu Nm

. p

.m

~ - - .

N Df. . . M(IhWh1 N beOcIi$ ko!

,y g .. , m, .u, e[1]UMing00tItp2Hy h Ad(lyl{Cdb t $_ ,' hf enrifDumentf ggg '

QD3SdNsFsraliswdktJT!Msd xv n, ,

{ In Psuwylvani

, .~twe'are w ..

_- $n

,@Q o ;gnendmemstoiMw ;n w wwhan, mthe~* effWL workhig with the PP(ICofdevel- q'4

~

yggdres}~ructuring

s. m _~ the s om investorj , W. ..ing an Oguhahle deniamlfddel' .

[OWDE} electtk utility W mEapumt program [Atal provkid -

p[bm a a emDWyIficikknbb;lndu%

^

as fd mint hnhNhet fowwragine ruv a A. 'n= -

M n~g.datorr m w trmsmlolorniccus,

,-+ Mikh 9' (utamdsis use energumaently.

t t'DM MW pf F >< L\;idef.dili ydtt, dd %0mmlMian A - . ,mm ..

4Mmyialstan1MS10w ,,,z.y+hKM !Odl UNitf

idiouM .a>tapl(s* its revic sar of nur q h ND myof tanu andresuenuar

'pe m- %

e

,. J l , ,

3 n :s y j <

i ns %u n_a s ., _m .

. 1'~

W3l@ g Q MWiJFlyn **%?J , ,

+

Q: - W Q l' '

Q b y ,3 w, -ne ,p-ib';;gy]V ,) y, .

' +

-q p,gpm, ,y, .; , .( +

wh , ,

j GM%%DNCM f(ATtETIQ12 m*

n T. '

.,hh t.'m$:1(6 3

M Q (, )"Ti v ;49 i ;',lf.A*. &n

. ;. i r

' i

,', La' .' ; .

1

.\>

, 'y' ! ; '.,+ . , ,

Yb A.u.cn hio em,y

'h '( {l. f , , ;%' m

(?+ M Wyp w m M S W Hwk Wwu -***-**e g+ -w - i ~.-~~.4- -~*s,m--

vp g g  : ; E , .. s 1991- en--.e 29 1983 - m7 y:&y\ w.

-~M & ~ ~ ~ m m. ~ ~ ~ " ~ ~ ~ ~~~ ~ ~ ~ ~  :~

_m  % ,,, +

1 ?JXibit Nat EIMC SAMS(TiWn4 jy '?

f MNI' $ 40$,009 - I *'1979

$101J91 8 ?J,'>73 $ 1 U,6 j --

, . , Omnpd41 ; '

61.172 944ti i?Mi 50/M . 4'tM "

w,,,, O ImW e  : 8?,908 68, @ 7 90323 Wi,225 69.938 61 -{ H:- } -y DM. '. ,%. _. _.-

8,645 8M

. _ . _ - . . _ _ _. .. B_M.

8M5 691 g OiHotal 260J34 .~ .2 % 3 01 251,%) 2%,wl 191,m n '>

(ts m N e pany 14,576 IM91 l , 11.719 6 34! 12.62) h; g ,f , ' uthed!Jiliun,.~ -__

~ --y..

] .y 26,369 26 3:9 i ' _ _273_.45 .-._30,190 _ _. !$_.120 Total . 8301,679 M93.610

\gkN '

a .

._ _ 1 8297.22$ $274.022 #22Ll38 *

, DiWE h0M %CCTJ0CSAlf.k

+ 1

. RaiketW - 34.1 % 3354 34.2 % 334%' J36%'

e

• M T crutmhial 20.3 ~ 19 6 19.2 18 3 18.1- >>

, !!autrW 29,I 29 h s R$ 31 t 31 5

,4 4 K0hr

.- .9

. 2.9 12.8 19 ~ .

3hi .

54) !

, . Suisra! . o t16.4 BM  % J-

. El 3 86 8 N Prie64 titapaa) ; ,

' 4.8 i6 3,9 24l '57- 4 10ttw 0tthu ,. -

, . s.8 69 93 11.3 < ., Al- .d O h 11 it 100.0 % 100 0 % 100 0 %' 204% 100 0 %'

s ,- r j}

M (Rokknud KilFA Ar{ 110W $A1.!.5 (Mhw) '

961 ~ ("

~ .

l 1,06i~ 1.019 1,024 1/2

- Owntuenchlh j . 772 = 132 M8 668 "6M s

> ; industrial i " 1 R23- 1,795 . 1,309 l,8 78 1 1,74? .

4 W- " ~ok,t_i q, ,

138 135. 1 137 '  !!?

od

' 136 m.

m-- ~ - . - . - -.- .

h .W /

5 , bl014!( ,%,794 " 3/n$] 3/M 3/SQ 3.4h3 f g y hrent Comp. ry; 556  ; 741 .388 313 ' D3 . 1 W

w ,

,toda Urmj .

w.r ' n.--.~. .-

790 -

847 96 . - , . -

1,22 19; Q

. . u 5,10. 1271 1,W ' 5.m '4,78%

N s, m. .._... -.-- _ -  ;

L '< ~' '  : RndatW  ;? , '120,537 .119,5% . 118.24$ : 116,913 - 115393' (

7 : Commte :19,127 14.5 8- 14.718 - 14,622 16,261: }

-p E ' b4astrul y 4~t 343 257  : 2C4 : 264 273 l

?  : Okt t .

---,0-

. 10 117 3 .115 .150 143 1 i,- , ,

y-9 7,,. ~ .,,-.- - .. + ..

4 M Nv . wc / ' Total Jr 136.007 '134,8v2 -152,024 130,470 J

p 133382'j i .,

' Rtsioixim tentwa mam . .

A v U Y i AutualMowtuburdm); _ '

8,839 . M $$- 4,7if 5/06 fi,397

=J o, 3rkt ter Howstii pur(Cent 0 i I l.22 - 9 R9 8 75' ~? 91 ~ 1 77 L y*

.< .,,, - I tj 4

, . xiuystiimur, <wmer ice (wiione , $325 4x4o.

4.447 Df 4,297 4-y 4,13,5 x . <

um.-m @.

,3 J ,

? Cor,tdbite n%n t f 8 f.32 1' 1 27 ' 8 1 26 8 1.27 - 8 1.21

.. - 1Gberatlag capabilay- . 1 Q 3 ". , y. ' ,t # ~ ~ 'i f 74.6 % 746% 746% 74 bh . ?4.6 %

~

3 28'

,,' / .. , 3 . 04 18 2.5 38 N 3 V." = 22.6 22 6 ,. _22 6 - 216 22 6 g7; 4 3 ,.

..-._,-._4.._._..,-.- .

i f q- 400.0 % 100 0 %' .100 0 % 100 0 % lodO%

U- z( _

am,,a

i s

- M. I M bdCllO(bEbfkdIl0Ni lT d sf- 3. ; 72,9% .684% /46% 71 8 % 75 0 % .

L p

' #: , [ 'm%cles_.~. -,,.~,,.

.. , _.. 27.1 31.6 2M 2RJ

__ 254 = l l, W, <

' Itotal '

'300.0 % '100 0 % 100 0 % 1(00% 100 0 %

1h .

'a==n b.

n : , .

JPMSLR IJF EMPL0nE$ AT DECEMITR 31 v.-

1,431 1.658 1.ti? 5 1,716 1,725 ,

S 2 q ,,

r e

Oh f m *

}

? MUp .

ew s

1. NRsM a M _f p u mLe_ p s npn h_ h W MM MBER_A-F M M WI M M

+ %%w W_W_w +W a a M

s n W r

t.

a g$ ep[Q 5N n

Annep w w _wwmmm w.+w. m .

h m.,.4 hN_hh[h.,h;tMMkg$

-m m m.nm .

~ m -v M M 54$$ y$ 918$ % e< [ }[j d 7)N ,I $ [i2$hlM M 2M,N2h wm

% -w

-- m,w n n , a

.,k .

~ r n

.h _i

,kktbbkbbf N hh - -

h h MM M hhbtht Al ION , ,j hik -[ -jO% . -l M M4 n' ' N1Mi* Ml[ j m -~~~ e~-w "r- - t,: ~ ~ x

.* mmNg h$qwp g %e %w %g M bmfbw(e M Me 9-~w ew % M 196 i Wei ,r .134M JWo 5MWT T W awmn WWh ,nm$r - 4 32.47 O Elf 53?; m m MR x,. si A my m r vvm$11; sa

, y3 7 @ynjhq ,MNtutuWComnion5 MC w w @ w e m e m w e~ W~n) M i s h J21 993 j' ' 26, g

hbyC m. ,un enw m mm ees  ; ud< fSt . ( #77,6W - Aq

.-~ m

><4  : >~-.e 12tS61 .dWR y p; Asd'" a..M @v. u w~a n e yd.~MC v ~nh_ haoM<%.M ~%- E i lw&' .73MtO n

~ #,, .~ % - ~. ~e%, ew.w> ~g;W@x ws.

% m m,.~ %; . + r mu .. -

n4 M M. * .

mm , , p, . av

% % %pNhMdabahwMg, d h g ramuzg w w

.a + w ;m  %.:{L -74 y '

Ms! S M. d@ Mtgik yMs3G M/that QM M hy& Jm a s por ma an . +s .

. %~ r L%

y%qkh,4&hk fnM m. hNY8$&ga&Why ; NNY e

hW N: N sY , y,f Y. hm, xW) bl $ 1'

-.~.

Q

$ w&:hhhh\ t m a s M M w m. ' ms4 lwaLw 387. Af % mm- _MM MW W Q k.&f@hpMddp g M w mh m%asto -~ sie ws

• v 6 o et.w. m mM -

. Us% n.~,<t W m- < sun %nm7 m-~ ,

Man ww /W w

&x

$ N i '8I IN I I! l u > m s%g. es.m me h kIf0 Yf*$fhfh bf . ;NI.s v ?YJ V (

fnw mm " " WWO Wl.H W,d

,. ,, L> c Yg@pbelfhWfr M # p M W h rm els @ M W W M % % W m e w e M M 6 ;%. ,Nux  ;

9%, m CT M

@hh Nhdk(906N3NNMENIIM*NUM M O M(; AM* M h w 'x

, M. i R$K K $2 % f% w$

hh yhNM ww mgh d M

- x wL M14.4J i L . aR7 f ,mme m x 4 M.)? 3 .351M mwqm w wn 3 S11b MM w pepygp 96 nU w nyqa%

3 ga

~rdskN m$w  %

wis%Wmpw  % iu w

%m@ c-M oon i$' $

mm m -~

wasw+M , nou&#

u eme

%% d @Mm w M~g% .

pegm%g[M$

$~$

Qhape@new g m

Mf1W .s w m a n mpM md.hM W ampemkw! uni w m w) m n TWitneSM@ntabtQhaaaMr n$mum m  :

nen @mem +

n  ; m&n w x ~

,dceau.eto am m el p m *wy n

md@vd motsW wW m

gM R

qhM d w.%g%g@NDU@@$$$$$MMM g n%@ed = ==ma taw *$emw enen*== w aww ww ,

-7 9 k ' ' %* W msI ?

w:Mdi m. 7f\MSn h w4.w_w-w g eq wa%wa  %% m%:& m4 m u m> w g e x %r%%uup+v.m,:

e e vge 9 v wm n n' d w c s nat u +> .

Ms e m

ny Qy a a p;4syy n 3 s yu

. a w y' c , s, :,w, < , %_ m

. A p:ya nw '

+

q q :l d p $% N. QQ

% M, y,jD$bQOhhdl%gmxn&n'u&w%:h+n+fyf ym Q &h-) MMy$y '

yJ  % s}

w HAT ND  ? W M l,. i

4. - .. O ' W5 a ,

STM .

M m#M,Nh%yemm- s y o . W J- ( .t- , / * . j%

m 'm s >

- r.j pc g w Ng.1: p yngn e$%N.pjM.~r MOQQQ hNM J'

1.QJ ps , ' +

w exg '

,P a Ye;hm, m;mkh;mm&p hhk khh 4, #mw$w

,WNym ,s,YY> w. af ~ :,; h %v}. ,'

x, v' ' 'e

.: ,m, yh hh$ n v a x" d h p b M h M h M N N N , %$ g&

e

< W k,y,' y Nmdumuw&- ,N m[

• • ,Mr w ,

T 'r .,, s a:

M i$ mpan%

, , i s

, c W i-f S i 7t uMQeig@e%qwmp?w,x;@m%w,g' i

}np@MC M @d %,he[n m y m z;' u eI x

' ' i b; N. 4, s

• H '

w Mw M M .${ n% e%  % @Qa,W ' 'M,*;,""I>~ '

@nig ptgpagw

, n w -

,' 4

+

e

+

p @W:: Wn &, '

',plnQ h, _ y &;nA&%

p . m ,o ge 9 ' '- y

_ &%w$ Am mage u:u; m' -

ea. m h

gMWYG '/'j.y A d P.h@i-WJ M'h$d wfnxi _Noh7WW N~& "'

4 e.

o V. . sL f .E 9 h^

f

, .. ,f hb5f N Uh'

&A waggg. . bY k

• 3 io

,' $$h '

g NW Osh hbp M

@aN @M@$ge.%w@,c e

• O '

%%g*

as:wW ss3 bw n m w es ma. .

m~

i u

' g yWmw#vN Aajp sm. man f mp p e" o s F -

x ygM W .3.Mr 6#q 4

c nn,

s. t e s , , a M_m' s q w a.w egw a@m>iw 9 -ao sa .u r ,

1, d-e m w m

. apf

_ hdy .4w , @m ;n mm,,+w-

• s .

ff&fU%ye m ,$,

Wf , Wu k s

3xn ','s t

+

< aggf4s' SiWMA m, .

+4 .

M h h h k:( ) N, *o \ ip. , 1 q . rW6 k %g QQw my g wk ys r. ... e& M.v; ,

W Og ~ &WOMQQD %n C e W

lnn W WM&@29]Q&&M. KdY , x . h%

,NN? -Ij:

r%,)$

m g- ' ' #Mwe,.d_M,M..&&

'll,Wg

. _W u a. . . W.- ,,

-W^$h,?

• $ W-~ <- . 9g  %

c.

m  ! ..

u.m a.- . .

_mm~,

i m-

i ymumw p $ @ n n e&Mgg w @ s y.W.WWWO%, w'>. , MM .

1 o v a c e r. ,

A: ,

g ;. rWbyf Q w&fg%qW' @c M~

.? 'L  :

QG' . L /v/ L .Jl ln

[E j y? 'Q dit(AdheredEnade,dlN lhl(Whidtdrf Q ps 'hg p $[g, q gh($14hAGEN@TT9iDGCLISBC$

wwoesucmam -

b

,vaagaans w w+empreew nmn %

', /rigwd titmered Jnungh nordtw otdwimerN AN

• pd@dMM:$g?OrfERhtCN$t: A%$tNkNOC cycdc y b 7 ,fs a u netesto ' ' s ,,g tie cmop ,y ageni,ine y Mqp% W@ M M M%F b Rptr

- - C m neal tzids te tensest idMurs periods (see ?

4 hh e

' LNote 2m tasthe Nandai stitanents) The com

$g mDQ g w@q@:7%, mg[jg$%fisas$g[_'g,'

9 p.ny, '

41991 gmeral to 1990 hWeled d tusin b90due w n@ing@dj j was furdier.iffsted 4ah ti g, i,#

Th Mbvens& $6 w 4amas mcapandwith1990.

4ammirdnrounmmnunaaeind4 Sales wty fu sps weipts ' axe on menue accrm iykp pgw wy& MyJmanusewannassmmua.

wmEtidsmynersmimMumhmt$As16n6ti s J since p p snw astwt the inception;of (M Company's phase in planJ f w suc % w q M -

j? Estmng busustdti ity. yew home;mt#tudon ai( isince 1989 wai ski t o;nbd k$a nudearsnatcridi h@dN[: 4 hN $I iwe(useof F dr)(ldhditioningincreadnsi&ntlali

in'proad # wmmlopnri.dimenthi 34 fisidssj%

hQNgMsee@winIwWeeraish 19Asasto into tud awrMk othq intensi annincreat tr VE $1 p$

l lMlAumpartd with'1990 ds ndilt of a .1991 prrnpg

. . rwheetasswedesengresawas#

. y(yg pg; 2 e dW99thastedWo9so&a AisWinW n ;mpf p }Nimistdi!

m s e uimeno a bustsmersyerelup e r n d a nneg g sa s w edss, sawm 16Fas w andain wm us4eyaii the m :MCm p fk w m m sso m d.n #

m%a mun adsrWed diiaboitiof pas [. p,rt wrm tarwingwasA6er 1 set ciiicnst smnationwouedmeinmmeeiestnieurmpuun

,3%emadwadmag fg y @greirhyunnh Mj961 Denedallyrefdding mtager sab bas a result of fw hst7 pmv whoead htmus& sea 61s:due in wem m t higher 4hort emthorrowag iessh incremed ha 1990 mmpind wl_th;1989 me jL  : @N* oj S d$iE Ur 6 SIN tk rmt aM t d[ 1 cThE kdsFinands j Anddnng Stamiants hi$m1fr5Sfp .

My .Gw@tR198@idp1ly6aresselt6finL18.9%iindeakhif u sw w w snadu o % m e w 2(srAs)N6jo6,tEnipididatAxountingforkstp a samaammaa % sta wg4

. qw

}A% g s g e, m s %towDofiltGx'iated d;dwhlWsdes-. - w  ;=- ,n Wa n 4,9 %, ut$ths ren e,tkna

whichdartmed mtst-dopted

+

10J heno15cr a,m,one, "M%111rn thhd 199$

ne hamn, ds en

~

Q @7 .. MF 7FsdMdpsr&W 1 the aupmy nQbange' the inethsikf aarAm h g$ % . D.Wy%chiricaappmrbsM[puWdsN1990EfskE$i6 Lincuemensnadaleremedaged Weni 4

dy$p#rg0NtaWishing cam-Wsa6nrnaiopideasfrien sh%y@vbry tanpurchaitpos dedeC bkndi4@cumpaniexpuutoMha a mrW M $a d$ d p$ $maw dpstRsee nom i8 de lWndal $tsdnentsOnd was (W' Jappmah6 dels tid Ine q w anm*mme-ews e r 1 wesamfwaanimehew (f

f jyjg #% 9+dAnd %suvyt sa gymsednau&dm!uen gJitsppmpatiguntedimeongnyvowinide@@q $

9 pedssd poyer en hN991%ni A nsetW of M Ts materid idimiiffe 4

g @gcg }AMM, WMPPmdaaWMMMMmisd$ to*[onpanMad p Mitcl1411ity( Jo? 109fAauimdrig for humie Thxesf which)he(

W ys%gNtihidMms 3M W gweJWPLg}{gj@%g Camission (l%medirid(Owjnut,$w%a: mentpwerietsB ; npatiylmust; adopt 41993hkytion of this statemen at neayer vetey unn n J@linmme;1bth o J is not expmai n hev a matnial adime ertm on n6t 7

%d spq%r;M MMteitoMiiidsni&menteg newne yuwspeatsgmsnm ain me 5merinaciasmeeng de e <

l

@ WW m wanauonenWtemf aangwupcom-wam ; ruu%agne m uumy moustry wdiut einnauo Q g gateniitWaritiqaing it4991 ind Nuy? r prmures siinitar e mose niwern4 by'au eMi

• 4

L Ms 3

bt MO

,f spenbi991mapedwahwreatinacnew ~

w w d @ a e smum as e iseuwi % 7 e n Gidinmal msts w rueim hmdis mutung fun the i h a wn naesagawassuwwuoa-w wsamaanannavcdwa w a

$w$ R y s Q > WMOfiddPimthwrd tiltimately be nfleded 'n the Company's elmric Taic@

[kh y >

~

• ' jerg nsoons Anununn

@N>g '

4

_ Net cash provided fmm operat)6m has continmd to in rease due to the company) latest increase in;

@Me[. f4 dM[ , , .

dectric ntes assodated with its four year phase 4n plac n

gn Q@g\ r MW 4 3 '

1 a

$es4,A_ ,

J y MP @gjby h yg Q .,

ll MQ& u n .

~ ' '

~

V mh dq4;Mu;lm  %

a_ - i A_ yea; % 12 _ _ _ _ _ _

__1 _ _ _ _ .

ki +% W ,Q .;. Ov QfDQ&&&N h&gpi g M.[jpJj};g& f%% && ;M[dhQ f t

.' (

+

, Q lq

'~

hKfQ l% _ f N

~

't 'l v ,o '. ,

7 ,

$$4han@s A94@nopWs. j}

k@MN@h*MSdMMIN

~

Wic nd enhwngepf appmdadyL ' #eMeg $ nM ee see ss thai wouMhaw .

53(r40l%as the fimi increag in the Companyh i) pheda pianMfurent discussbn N19w)f; fpid

~ bem plad Amtlefixt in 1983 without the phawin >

1 There will k no materhthffed to net ttune

]d d

1. f 1he rhppny 1iad tpproximaidy,$1/05Ao MJ  ; rmdting inna titi rate xduedon site the 0;mpny -

acuh sad semg>rary investments at Dawnte 3L lyC ,

49tes_}sidde of $8#Xi,000 at the end of 1991 vert rwogiumi reveme unda the phawin plui as if the

full revenue levd had been pland tato etht in 19E f]

._ Q' Mrbrul under a 350,tM000 spitm funddgnunmt The Okan Air Aa Amendments of 1990 pnment bSW ghith libsch(Di.avaihNe at the cod.r ' he ym were < di:016iges arjd oppyrturaues to the Onpmy that arn yff*" .

Ewoax!ortank unesdenetl sum . Afanticesi being matymt. The ut tt,tres sir;6 fica .fedanions %W -4 9

, ftp1;$ttg $$0JUDA10fwind;if 3y W hirmd is Lo! sulfur doxide and sddes of nitrogen from the ^ .

L upykteraldays at the huMttkretion;

L ConipanyY wa) fited genentting unta. Comphana

' d @ pit $ hvirimentOn 1991 for the Depany's;  : opilons indude, imt are not lunited to, installing

" ~

mr M ,d

addithmal pollution amtrol alulpment, bumiNg iess  % w w%tdrition a,mx wpn$ e srams,"capitd w t w n e wleases s , a and a s t fonidears,p u h uing fuel

icio w ana s im m s eniainn .. .

m[ v }s hirucion pret=n and cy&d ISv,e equhemmts are  ; othersaperatmg exhting f$!ities 16 a manner which '

'** y, o kJ gensstbaea o be appmedy in44 cow ' : mine pueon md nwemies n e compny ' S. e fq Msdudir@,tmddarJuhlfof whkh apptuumatdyE .

, Wwennea ig nie cornpny has adai '

51s tesung and analyhng vr;rb4 compham options for reuthibiy, cost efrainetess and degree of 11aiwhir.

"NP kig$hy, F 36Qg itionalctsh tquirmentwf appmxlmatdy 8M,000,t@F , ! Congnm is considerths amendramts to the Puh!!c aaco - gdg

, fbr M 992fM terist to mwt matunties of, anF ?13tilky_!!olding Company At andthe federalIwyr Act . . . tjg% j

' " " sink!ng fund regulaments for, krigkrm de!d (sduding that could have the t;ffed of resucturing the investor-

?Am;h

& 4 ht 1 maartwngwesagthanow Sned amric esy naustrymese amensuents , W

;appmdmbdy IMM)c/100 appbes toMk r

. Jpivestmentsfor ddrevialnudeWadduringthe?

Lindade pmylstens for mandatoryrt'ansmbston soni, whidiaitdd Impardin the rdiabihty of the muon'si omr 7'H@' l '

l

)

@)fl9% perDd nrt NdmNcd to be approximitidy[ , ' ? decttkd netpork and aux the price of dectrkity to ratol Osunpoo, a m snaunuay wwoga;ps %eue for inna cumneme compny u not aue . A St#1NNdthg the samd periodh the CSngn/s nudetr - to prodkNhrther the amemimmis curretu!y bdng :o,

.am, -, f w a cms + % % # t wmwame-a.am q4

MatelYde;000,000 And $13M)0,tM repmivdyM the ? subh ametidments wiu uldnrttely take ~ n r* w

.a$m-== $fL Mnudear bdlih6nsunid [ m i As doctsd in Note 6 to the finandaistatements. h ths company his invested apptwmaiay $52,ooogoo amma d M m/

N vpD';fftfN e

$10Ck R$ife th3QpphNC 1

10 IYrryedmlng . ..

dWOfuaby Unli 2,,8 fiudear eco,n-nytf stamwksdiand generadhg und Wh0$e 4 4

ptge tpbeltpetyltipect Iqtpe issuas of mst Ltonstmakm h'm! sugenled in 1985. Options under j Many bonds, mher tqu!ncents Mso3pply and  ? conskknuon indade, but are n64 hmssarily restriced?

[ y arelujore rektrictive timn the siniipp test at f %ie?  ; to, resumption ofintntmcton, continoni suspension or :

%shi um6[Th(Company isMifxndy able to it

$5100p6,000 prirstp1 amsst of Ona mortgage boivh;

' ttnnination, if construction were to wsume durin1 the-

!191Mperiod, the Company's capital expendnures MM

$6itkup.tM9Jc0;@f nich amount inuable ag;nmt Svouki be highet than the amount disdosed ahwe for QNert[uddmoM Ndpiling hrry Unsj pmgety} _ p ' ' Lthat periodi If termhution kvre to onr, the Company; L Qditiomphe muainderhuld tpissudd against pruh  : wooki have to write off the diffeture ktween its :

imsty ntimd bonds; iknd upeu carning for,1991ithe . . investment in ivrry Unit 2 and the esumated pinent : d4 Mb sp igQbb pktmitted#ndir the. bamingbover; ' value of retence to be c4cted frcon its customers,

. ME test conbnd (alts charter 3$ue S93/00$W Mhtdrid stoefit'ani Numedhhldend raid of 8l$%

Mrh(Casany%m to[l@6e first morthge bond) or 1 WtherAR iit br ptmrM the time it issued pn fmed -

$nk[iNSsskuit of prefemil hock wha Ould le "

' ddable v!os.!d lEreducW

~m ,. ..

jdanise apprmirriaung $44,000#00 im an krmt.al bcis s{ln(ths sdond quarter of EH in"corinection ssh its '

pq'1

, h w

2 ,

7

\

Q[i

• W<O f , "

(.( , f 4

{

M$hd$bianuna ' m . .

d

M an$,$ w$ $ M Ww,)M M n D wmT M S wwe S @ @~ ,F O: %,

ww--@hwk WM4St w m3 MMMM%MS ,WE 4s 3 M. , s m ,tmAW UMM a

,S, . ' ~ , t o. , %g N ,

, i 1.'! , ., Em = f@4 " ,[*

$ ,a

--r

}3 MayNMa Mtt (mpM' i b

.. . - = ' 4

, = ,w};$.fww.m,-na(:

u ye 4,K'k ,. x n _._' wwg +,-_,ki .; hLl M%$1RN N y y [h [t [ , , ,

mm, , .

[hhd.[h My(Q$t theht$wa, ,Md Dtumht %$ [jp '

- W;-.

- _m m. ~ .,, _ ,.. m ' _ e m . , 11998 - % ..

'O'",[ .

. .19tt9 l ._ / . ,

d.

e-m wg&p, o

g g - , e sc e~ .n i -

i  : m.% ~% +

4

, p[. , [tE . -Y m m '-%{h{Q+ $)jj Ql n._%glh I ,l 4 1

{l[p l Y 3gy}% u [:h)

+ g.J.,f _ a ,, ,++ .n-.w-~

_ , . . _ , y n_-

.~

t m -- . .

%Q + +

f:O m QyQQgQgjg

. .- . . ,s .-

Q Q s. .

~,, ,

v

• l ,u . . .

)

} e

}

y y

^

4 n, o r.. . $3,054.

w w.A

@ ;4 . 3.:;u,G %sm.y '4dwtqmtingtw21 ' . , . jd '

m' m,.~-.~s~,-n.,.-

. .. , 5(9H J ,

s' ,;4 .

'y .m. . 4 = : .m. , m. ..t -

-m - - . . - , n. 1

'v' g

5 - .

I h , _a $& $ Q & Q&spR(h h . f& & _l[ h

• y@w w mn*%uwumanwrw  : n.M ;m nsg b

@wM trug$ n . & , ,. ,  : 22A98 -We - 19At4 ; , ' '

JfM S  :: -

p , @wyp: V.P M @t ma$ hm teta wtw4 mt Dime tu.swehap 1p , , 32,377) l 5.~ c . m r .

. ..#-m -

., . .. J 35,7 % . _IW8 - - s 19ML y;g;M M m M m p e w m m ~ 4 r & ~ ~ ~~~~ ~ n - ~ n ~- -"

~ ~ ~ ~ ~&w

?6  ! MY N D ~

yya q g m w w w .~ m m w'- ~ ~ ~ .:-~ww . +-

~m mmrn wn

-r 5 f -

(

p ' m)nkthco@ (? ,' .,;

pMib . . __.

.,.~+ - _..

mw, l 2,H . O,Mi 1 d61 Um-~m n m-we = - &f~m ~~ r m + " 1 g%wgg gg?M'[(yld h{()W [ , . i . $N), M *?N *jd~ b.%6@

j$h %M3hhhp _

• ' "*+ + "** * "

l3',

M NY O ESI:1 N.,' @ ( ' '

M ,. h h Gf

[/N jm4 ,!ydi n dtsPt+%f*rW"9* WLfLIii M W *,

k

,4 h-QSyC; b brm. E. .~- ..

37,t40 19 5 R2W L 9 ji g[: g w,b9((v, b, g a mWmar.h d N .  !-

(*

s .I 3 wego,inga ,mus. lu*9; 4i,329)1' ai m W4M lmb ga w w %

m % texp r e '

-~%~

$, sis-

~~~

4m -_. sm.

w am. x+ h w.w nen -~~ ~~~~

hti h8(f([. . O q. , , . , . ,

~ -m .

$k ~-

. Ik

+ ~. [d 19

~ +

Jp y - - f.5 (-- , -

^

sh . .I a ' $ b,

, ~ ;u; 5 ..

c -

myk1 _.a r

pannsm mmwwww. ~~~+-en.,  :+

.w .. . . an! . mm , u,y n, w&s x w

.s e.w>-w "' ! w - . s - -

s ww-

,  : . - t .+ ~c~ ~ t p:, M; ?j M htNN3 M CC--OM $RC N W Q t %> a - $ $2,473 ' 8 3M . f,

.. n m _ . -

< M M.W._  %,

puhM. q en ",Y P .w[; 3< TIE 8MiM%$ kW W N@@I MM AN 88 NtVAI wt d Owe stdmW ,

p s m  : . , ,

y@TM., I, 'W nuw bJ> 9p ,ny ,aa, yv,m% uy - ww. e n

'i;~>,a ,

, m;f-r +

.y. t o,

.h cmb I

ib ' f 8

. ,' . g ) ,

q%: i( U : k:q#.= p . p%. gw- o.. 3, 2% +: w 09 e.g : ox 'u. 1 - a N i ;' .'s g

,e,, , , , ,"

,v s e r[ k h- ( h 2.'- 4 w' h' d j , ' , . f- bi r dr

.i, F h;h .kf d.i . ', I . -

,Q- 4v @a a <gl , ,M,r vm um-w_ g g' e <

• u 3 y ~-

% #  ?;' ,

+' ~ ,

- ='- , _

p; i -

. m

un j.@g%k.m-m#g.m&hh:Nf:fh< f7,- -hW $ ll \

• l M+ . lols,n-s om .

f.4wn. < r gw3x, i v wy + s 3 o s. .

, ,m;s - '"i \ q V34,

, e. $ h~ */, c y a$ '

dVE 3.

4 y66f [ M, M f M. j3 -j ;:i.. ,'

3 i

^7 '

[@FM,ppga? y$, m.4pey i i s

. q M,s- e-s s4

,e ec , n

, , s ,

.Q

, c 3 s ,

.w g p. +3 m >, ,e s,

'r., x

< s

. A;p$@w i 6Su4p 4ae, *+in-wf Mp% .gr . ;N / i b. , s R g -ms

.W- '

ggW ?y s ny W +

n.1 M, J i o w;M*i L. < \.' Q, d- id Q 'c.S gxpny P }p JS, M ' 3 jv ', s c O. /, lL[

4A ?%4p c %n vSs6, . e ,ip

) 3 d .

• E' .

b?b

% P Kf4Qf W , W+ y; ~ . y%w i , ni[

fL

> Y.

4:p t d:k - s . u s v nn ym eapo 7 9:

%v.

wor 2

H -a ..

w @m*.pe,;. ,94@ - Q

:f ;

T 4 P , i

> *S; .,.., ' , . a y.

Ok Oc. , .4. . y-- p> ga . o,5 v3 g

t

,,,-: y 5"QGQ QQt s*1 Q y1 ,  ?

N"

"l a

-> 4 - o 1, ,n u s sun.%w?

4p9 89 x %m, g p m.m % ,

1

' , ' an. "

s g M it gjf,' -

c <. ,

q, L q:q_. ..2

. : Q3 j -

3 v{b e s - rk p334 pg-. pp :gr y.[c 3 .. . o.v: p , }g;g -~

. Q y.).r , ,st.

m.M k A- h d , a ,gh<yn % -

? 0

, ,. f vcq y ya.mma qqq u + w$ p .-g 4y; v w aw ..n,y:s ,3' f g c

w. + '

n.

t

'3' 7

%hN4M'rQV y s_.. @y

< ' * ,

+s- -

t ? %; 4 ; .; c 3 Ngg m% -- -C,% Q=.e:

E Je  ;

+ ,

?  %- ~

s;wc1 a

ILs."."-t4 Y-' 5 y

% ic > MM ),e,& 4tt$ t

,m h 't i '[

mlW Q&sivr:  !

Q: vy& y*~,.^+ v, m

Dp +

i i _j; -(

chN,9Qi& 1,% 9 ".'

• 4 A W t 3

.V L C h hI y%lI

. fo -N)W(

t

.U %.'

y 3 g'.u "

t f7QQ.-1 d:p w g(w y.g y ', *s t

h [ ' .. b MS n v v. ," 5 ,m_ a -;

s m s whE s)wa -~

[ k/

.i e

b wswM MMaMMM M~gMEQM%NN,me~knw&~w,.rw w ~M m at r n a n w %. m % Wy pCNhM MdMAQAD NO NWN nW,MnwM- aa M ^M R O E4y m

em Q pp m w& om- w.

UfM

-n m ;m.w.e.mm+,m~ ' LJ<. J1. L

.-,,-n. f, m. 1991 ,'.;

':e m O 1~w~.n y7w l7F m: ~ >MN 9 kf$$h$NW$&%s5 Qg 2 4MMQW.NCMIWeber$ly &i&ledMa_.=N%M W[Mh>W(ASSETsc "' D

^WW'<c  ? ?,

?'  ?"O

1. ??~ Nf a s 1 6, >

Q @h W @A % $ h W @N M h ? D E , ;'~~ f khg >

• i w %e -

W9 M#mam%WDSNM163 w.wwwcw 3esppmAkkaymuwMy&an su,un m[m Irz n d a ~"~w~ . W Tw w m$

a4 y y " >% umsm w@

r e

v mm m nun d w r,d +y% - h m + /wmm , ac , - -

mew

~. . wh.,86 ~n: .<

ut,4n --

019 b

~ ~ ~

"%m

. Ti8pn v. &v q g%n M MgNMQf ewtem e 1w%m-e NbN WWrwhiwvfWWtss$d A Ni G p N Q%dma M%fh@M W A%ckat% h $b M %PW W !% % ddk:[~^ ~,w 4

,1 4

% 9,$nV 60d41h ,

' ( 6@%

'tu2V 9: 2 L@

&Y dwMw gW4%MlKi" 4%em- a t ml1W W W J;fmR. _ k L A . O.~, f. l . . .. . --

~e 1 : " . . -- - . . '

u'69 tj(1

- : 40,1% ) ..M /w e i $d 3gM W> A.mm. ,0 " R4em

,4 .ss%a n w: yW: s nw Mee> eeee ~+-w ~ 85

$.L,6M

~. w..--~M t30 yw ~ ~- . -. g r s qi .

., m

~ w m-~ ~ .w.w--  ; , ._

.a .u >.,

r% M~ yE M

• 9 M .. . 1 17;206 ,

~

3 'JE'. -

E m s D .l i.n.w % =a f. .-

y n;g&y/d:96.:l)TlWX PROFF..RTY.

a g$ Da~.~ n nQrgtiNTAst$4F ne AM.

w.~~~-+-

[NY4T..M.v '

T5,1e _ ~ ~'

~ . ~ - , -

'i1 J

• W #f n

, e@

ydf.h s:Q f((/ WCah andrashdretetusM;9. .- h M

m f,$%Qj$y gmumuman mum my%'"^OMA n.

s4;e7s L

_. m # @ q Cp!8.ste1 pe; ,y

• gg.

hgph% Rg M pip" NT dC Mwalem

@Mcounu pueaMlus wenblaied enbavkhs L. " L stervalkWi&.p%ys;c ,' M W 3414$00 and 2t1,%L tesp@rty6

,. -o 4

' , , . ~

'r gq 34 ; y yM  %@q @@g d p Parm W ue m W " ' '" -

12s4m s,

%.4 ss.2i9 @a g e d w Mp@s"mwa 4arren!)y m1 w . sehalk Mtudicustomer nwoues1Nme. a01

- M.9ar

,.a m>

w; w 64W8M , ' ? $Q Q,[MpWGyW g

w

.i' -- 19,$ 17

,. . x CA t Qa$

Eqs NN M6% $RotherAM$nMpM1M MNMjQdq@ '

, ' ' Ng . :8148 GJ Nd V d A.. i 6,$ 4 l ..

& ;m[9 8@$Q@d $@$hriah f and ~J*. 4+ puyetmwtap Is' ed4 s so.49r ' ' wF17 A13ml Aim T @E

% 7 Wp %e&mp %4u ,+ +%g$p . v ".

.1 WM-*"T.*-m-

. . ., . .  ; 2,~$16

&PM

%rgd O

yp gy# m M

^

4. M@Nm

• w,h.op-momW n &*romt.M4MrA 3 w +

. .Mwwwp o

ga n. pomeu e+wp

% m omvTv**P 4.,u.+ w w-.- s w

".e>,e. s ,w

. an-""&I 3 G. ,.9.w'; v ~

M

~~ '

s

, - 155/ 4 .

s.+sar+e w

' u&d. . '

dMyhy/.DF,lT.Ri@Q4W$k [%y

~

/< ~

/.y ,

l 'QIL.; ,hyN

[h4 MWnwdMeer smnmF*De%E y1 '

a%

- -L  : 28.6m W 6pitermdPerryrdicWMWNA,*.- ' q@u c2t.tnoj '%%w mea w%;$NJ50th ~

odL ...

~-- W .-- -~-. . ? !7r172 - wx - 713,42tf V8 o - ~.

s .

u $M

. y%j%p w gp)# -.e,rM+W~~SMMi&M.~.$Af i i oQN u%

- Q ue Pn.M s i?. ' 'N.N;$ ^ , I . 6 . * $ !$M%- E n : s e' - :' ' ' ~ , ) $$J - $ 3,.

?

kW@M4N Q W 1 "Yd wr ^ " MbM AW " ' . M[

c m - w+~aae +- ~4g". ' 31.091 ~- V'O ; m29 Vf f ' W M ' 7 ~ ~ iA -'====" ,92' ' ' 51 - M9. ~~D '

1 PJ4 gp A~ -Ld9 f ]m q m. p> - gm - ._ .

1. sKe wm n

N. .d gw$MNMWMmpmqkdh g g.%w s.nn .

- i

+

.. . a MIj e F 's $1uuy A C J p~ i o n S N % 058- r 3} M1,09 dWh$1WHndQMtw6@ e m 'u n' '.

1. 3 g#pWAQq%ao9einaheviri4 A modSW 4 % .

<m + ,

f490s<

e .R S:

Low,E J M'p%g g&g d g rgdm w o m aty nk w Q4%gbgrermeumswe:g~n<,

nds2. xMs4mks ,

e% khjpSMRAsiscaindtriingnicykhbyDM f F

• pqgu byh wway

- en Wm

, 1 wy%

4,  %

s

, 12,160 4 . ( _29413L %p A b e redwt sme9+Nk9S um m p aOwn m w wern wn n ~,t,,,nwu -

+.

, an6,2791 aM

- .-w ,ww n, dol,sor N3 yq fNhk hff fN*N*M m v" we' ~&d0N . eiN 6 % M "

^

I

• i TN [ .M<

&+O -+U M-~N.b 1

=

3 1 W5 nm rm Ml' uW 4 g$g g MD@weg.dA@&ltRDITIJAIRff!fM Ed 1 W / A@w' ei., t~ w m "YN"

. *s '

M~ H,o ~$

Al V i

.j y @g jfattelypayile geferrMswGd kmgiem &NA

• 1 .

't 4 WP

- -h a L12,9321, o um,

@Ehg$j@dg@m@yW.p E? mode "w  : e m 1e'.'"

N  ; 36,8s6 L n?61M#m#.

m Sm z.

s e,

% 40theM%e@W< m~m #'m a ml e -

, r

, w$ Y .r. mWQu o 'Z NTTW ed k@y.ysrubpun.yn w w y l Mj ' .

w ---welsk W_SM_k$c$w&n n+x >*Y

,^

gw p$ ~ly; < wx.

<> 'y,neo , .

p Q [g

&gb ydm f ANDU Nbt*I

~

c

,M i1 Y- , ..

- ' ~m9en f.h d55i.

i . ~/ % ,. 8,b56 -M

[h%[fMyy@-

k qQdhM[Q@% Amd*Mmnph,b5NhMd gRother&@WW%p ^ $3,st9 .28.W % Mg M yY rvtI6u M/i 43 "

w q.^ '21,816 : 414,757 y .My AMAm@edWAN.b@%? 10.950, 9.819 #%

R

• W I<dddf@p@M4C.letA di m

W unw A A- a-= .- 5.~. , ,- - _._.. . . 14,%8 , - 13~,WA : 2 11 ww,M3A > N.9

,, ~ .- ~-

M$ ~~4737

$- QDM% w+Nf7- - *w%v *' *g---* ~"'.. .' ' '

.,waj . J. ~~~we 199 M^ gg g $ p W.$ge$m%eW4++w#)n" N.M i E 2 A F W-ww--w e~e y 3 m.

hg$1fA1R$MXTS$ g . '"l '

[

p# @@h@ g wpm

• mated *fedhem@es.ex v v v

[" .7 U s2 IL j 3,30 e

~%

1w

> p.sao! 33ys

% g gYMb M OActm MWe mnetenktdemetmmd m ae%.TMA - .

~

1 MW4 2- v-

~~.---%

~ ~ ~ - ~

14.013n -.-A. 710 % . .- 9 qi y Qjg1h,h ^ $- [#ww[ww)>l%a'f d .C-)dYiMT 4

.b 3

% un ' I .~

.,..i -) , .-. n ..- $2Ms74 .' 327,4]O

._ - .- n.~.

. +.

., . . . , . - c idu n W ,r M N M .mmm#~~~GWW#M .De .- -3 o Q -

e-

.L .;

g 43 A -

~ --

1 w$@g%eNmAN##* "W~ ' ' ' ' ' .

'"V D

$t,023,099j $1.09)Mi q MNk WW #

%&m$; neu mang Mp wnw"m . 4 .

4 a

s n

-e $,

MLb.wg r g ,, w@ % m ' M, a)qw

I h , _ g; , ,,, , f, ,

T i

k[M MM:

.E M g/%#g@e M M B eNXmW$M E,OM' g Q$R 'm.'WN<g h W M 2d M

$$ M%g b MM n F M-UhA=kMiMheinE MMk w n h~M M @ J r~  ;, ' -mm g [m e w s~MDk$n~w&**w*M**W+"R w mA M aNwm.mmow O#h* wm- .

? W*** & *4 fw?

&W M*W3+.

n w!+W*wsM w 7

-m G5 m khhh ; hMM"*my*mWLW**?Pt0 h 00MKOiW M ilI M I N 9 8 ad$ .[ i s

_..,e i; O *[ d"@;E@pj

1. 2 WM $iAm patin spal _ m QQ nuaoe~ %som by%yg$m$y%@%%%mpaW&%%akaM%a*L

$#p harublanks@@An @MAc mmmw, mnn--n--

A Mig ,' . . . . , , .' .. .

6

~< ~ n,m 4i-

. Nut eskg

-wno h

i Ep n$ N @ min wTut4 - commonist,odholder t eqtntyM : - _u ,

--- ; E < 3%,05.8 -_' 26_2,05) ' tV(M e n#g[DMN%@CDMQ4@j@hI 'I]"i s # - , -, - - - - - ~.

w

'~~

• 1 I; G Y NEmk bl$linds' 1 Optional :

% % nd@ndRQQQ6  %& y w *: ye d +

c . , (mineri '----- sees p, _nt W ~

4 m'wJ ga#q 3 p 3 n@ bpm i$$ wep@  % %w$ $;#Q' . Mi yV @% E " aM b ":

Mq ;pw 4

2 my -4 "N +s,

-p~rm.

Mar  ? %p , >

p, <,

Mg M

L pf li knypww.w k &m uNEMMfW ,,- WW - ,

a

; . y~n ;

y&yY.

W Mg UghycWAukeredn200Mshatep 3 f:;

' ~ -

r ' %Q Lw% . c.L y#h

~

i m., aya

$gg QggdMW QMk@yWM Mjeci p Warulebry MspliunyV 9 @;t u osi A'

$76:2m 11A W1M 4 sin 9sMoe - 4 4!0 g elm . a $py 8N 4%pg W1 .tirM lla,WO . v 10L0%10L% - 11$4 y C a t,144 : 5 11,900 N F

M q@e i gp W g @W k h g  % $.4s n iJ 3 W, e 16 G @k $ , R f, 1(4. 200 m ' ..* ~Wut '

~ ~ ~

Ofg 27mm

~w Mh91 1 ? M,oseE i ee -

1 4,000

-.w

%( yo$h R$h E$Ojlf , Idi,99C 64 c% Q'; i k&%q a Ne ph @ q q w . -MMStutsim/61mi5 l i411049L v 419M9' '

- ~ td$shiktid$i ici. .

=~ ~~~: _A}M m #

Mint to Mandsey Reems*nwe er y_ M 3W@%$p$$m wmmem vm' (

B U "2 p w m n; tisss4, , . _._

auw w%p iPgew%nW h & W h i $ $eMm 3 E 8aM n u@m io eeCng'b- T ' aws: w't$9m .

ie we w ti 2,s.new .ma 00%4Ho M ' # MR400 ' 430A lutHt1/E 14,838i ,13d48 L M M ROL M'

% G QQi4MahLL Msthismep&sL.,w i ' ~

J  %, '

w& w w n Lf sca ' x y#; +;--(skse) s Gl.5%.c;Q$

-~ . .

', + ; - "

n 4

h w pk M N h 0h . 470$$h. ; stolstunnythletnMW . M016l 9$7MID i) $NAS4-', 034,282 f $3832E ke k whenWw%on m m p%

N-,~

eu,% f ky&wxni4M%yskh MM TranDatpraah '

+

a ..

m; .a w %gigg

'cm%:

Wind O@gW Q$W MW7)Cweishud**raseli*aviWdus1997through'2mlL #

m  ; e.,is y %r M$d

%*$ Wh @Wp,nAhwi.QiWWr6as1991ansanm6 ma i/

\ f 914717L

^ 4 1.878 ' 1 4 910 P4@y 6 i99% k_

W$q$4NSW ' M9 Qyh l hW% Asmagelim'N=tM2WhhmMW

) =w hhMM934%)N*ds%ec#wt*W52WNash testim 3012 deugh101Q

[ ,

< - gi M ,879 250

' 4,Me1 y

• y 4,8701 i pgg n _ 1 ,$s' --a as,9w jAaf umq emnwwwwnmeewaiveam2eimmuot9x pe w

_1.

~ ~~r-~m.~ ,x e _

w ~~ [ N.- - kf ,

pg@hhh h[hTchlN1[>h, h0h$kh v[ .

wn en

-h.

n w_.._..n-M . .J_24$,230 i .i-~/ 2.7$.NOh@%q i d ghhh die . geoh. hjdNdd E

[ wI:: J 0-m e , $"T.du 7 .

h m w s m@ M..me@-unw pWBWMWghemshdit nW4 MMW@

mum [ l: g A01b s

t .

,b W 51 g MM165 ^w,w]um '

/ 'MQipg alhaghtedWMem%dw'2002tivoi@2906$

,jMQhk@htfMO$ NJ % A

,o ,

f 31,0091 g -19J40 3

(

s n Qelght avmge imNat ts4 due W7 thm@ 261 Q M f ~

(43400"

@< $32,190, f$400 MajW (M @g

% $y&,@@9 p p t@%h$,@u E%

- wishied)wasetntemin6ta20ttthrcush3021.,(

m

- -.~

. . , . . f 47,,07J J.

MM A e

.. N k $N k 3 n

.s .

g

~ ~ ~ * " "

.e, t < $kI .

v' e e~ *i W W' " *" '

gh hkWW W wvaM %e'~md <o '

+

-2

" '* *~~ W.~ " " ~ -i 'M.m 4

?Qg

$dh meypaw_w- @ho%%gwhherchlissimtWMkw%FMW a w, WMNONb' E88J84 M,S c 2 ,3 m+ g a

Qk, : w y#

h ot M ghit M bg5 k I ,'

w '

~ ~-,n e -

< > e.n o -

f([$$1;, 3. [4kj63f.

~.- m 7

k - -

~

n~ n . . .

n: . [a:[4[

[ 'ulh k%hGnWisijssMaibhti;$w@d e m en:e +(-) n  ;'L1. Mh

~

$MWi ..  : t'24 i

% e: *~&- -+

• e(107h

% FM h,?w O

f p%pB k ttm Mt k Whboonsp,1r mmy nm

c. L_ + . .

. " --+-+ w , ~ ~

.. b w(0,198) ~ wl(N0l[ ~~ +,3 d# b4p ;Tmf;ongia M,l det , 40aAW "

e, . J MSFW;w w m n n>@; ,'

..~ - . ,

ULl46~

< x e,nw un  : w&m-~ ~ ~ ~ ~ ~ ~ ~ r ~n A a n k. 3 w+v y - -

h xmn.+ ..

. ~ .

w m'>

w us%gh n b I ;N -i' w%nby%Q y q v %l;g v h ym *e 2 o

'1

1. $ $NM cg / c3 r[t[Y y ji ig W 9: n.--:adg glml g kgy.h g} t h ,, Q@ ~

&ny j g w n( g - j 8

8 mu, sum +

'a uaw .. . _

q9

W~s$s$jM<n(g:nn%y(d@3m%gfM pg& m_gf m-m W *4 N a r # N W

• ut 4 M i-nn e- s w~u* - m

• W-n

'M;C.

n ' 4 W _~ m a- v -- *v sM NWNM

, p.Ap n.--,mnn --

' i

-me[

• n.--,

_..o

, .- W a- '*., .

~44WM n j , h1n

] Mp w p* Qgui#W n p Forthe Yee hdedD,ecember31MRRN W _ y li ,_ E 1 e i dR (M91/-

w w~ -m ~~.

J

.--n . P)0 W:.-

n- . J19801 &u%9 n . 4a n n

-v~. ~ - ,-:

- - - - ~

7 M d@ .fhy w g m e[ MMMkI w e h DDh k . 'h N~[h = g 5 . $ h))$ ; I k h7 ( gk,b.

hj 188 $gs k A -.~1- ._- ao,190 # umas J[h 3$ k% pc WW sh[Ay$ykkyw%g h MMN2bhMY ennenme. N ' m adWpn[pn.m n, n m me . - --v ~ ~ . - ~.- w 4

dS ONMIb[m $ .# ll),$67i M 116l/T -+bth9h[

NMM, mw~ wn mm ma mfwM @sp% k m m M n [ x[$w.

ET A mese R E

. yW$wphsfi4rmeadW BQigEcaA%ksdimianonstW;/m@F ae + W, .

121,616:ye w y,s s.64 g Mw W n N[. Mh,a$Mh a n p 1 M,.~emks.imMke#m nm m

- dpreferMM J,i ,

t

+~ - ' .-.nn '

1,.;..-.. y s676L M h b'! A

- s L l. M.

+a ': Dm,O.

1 4-ms[+1' g >s.

tqsys jy: q q u. w$ hp ) '"N m c#..% ;4 - -eQ- m.

m-

+ s a

-. N. .p y, , ts u -N

,ex f ~~y

1. ' .Mh$

4.~.N\

.,>s apc

~,

-4 2- _ - . ,

3

---

,..u~- .-

i

%-. 1_0$0 M,

3 2

3WsH Jc. 3_.E 4 ' $s n

-; .- .- c:>

i

.. h

n. n ; Q f

4Qh mhm[ s i k P P-

@JNL gi Q':e9Gr 3. A 0A> Y.. q e M J M+% W >J t ?  : i s >r 4 (

1 f c' i n

' -9 vgd

^

M: . ,,

M @'4Vp%

gm s

pg%

g. AW 77_.sOg.1ppfh+

sop w .. o 4 so- 7. 4 bm wh (b hm@.

am

• J. . u. . m -> 4 1 16 4 w p. g . . e d,bOgh,M+wp s%;r M 4-dieft 8nGW sNw4w3 do s

y9 ' [,MYMyi 1=N @

r p mw- v~>[1 -ww s

-->fwFW~b gag t y A{y(

v

< g. 'w< sA e(v@r dD'

~ U

. e uI #7

- $ - . . b c , <Z o

!g ww,h[ Q%estemcsMTMSMOWO www

}![MfQ h$.y.f Q s

t m# - eCMWR v j$ ,

PAO.IN CARTAL .

iJ, t

y [ :

$gN d, >

l' +

g a P,n .4 h $. [y &w wa f jh(;w}nQ" 3 n ,5 mg 5 fjhvv&n.d,d .-k, &n ma as "; / v - .;

y 3y. . - - e ,, , ~ , . . . ;Q s 1 _

" - ~

r~r L, c,: y

'-& M *:** W ;g. M.

1 5

,:. y

• 4 - , *

'*T7. '""%.s*"*4* V'*t***"**+*.*"**'*"*"*""*+*'***M' ***- "" N** t (S 42Q g, S. - n s - . e. i, x noyh y n .-

1 4 3 4MWu(4 Mij M, . . a 3W ,M[N[V fIM[Q2 4h9 ..1IYtif.fftd J i ., gh:

-h . ~~ .$fAk ,.; 5,' ,.~. . w

)s i

y $gp[M@Mg[gp MM8NNhM@n$m ,w mww n ,a .

. . + -

w m## ' T@h f pedW h'd  ? -[ ., Not SulMdle { $ ' l . . _ . ' $d@Ct, to / . . h pp W@Sps ' 3 -M : i > ,4%M  %- -,.> _T / ostra mi L_. w . J NbrLRe. d

.m.Lo.nf Wdat- , M@u w@m mmm%gm . m 7 ::s 9+m y 4 y /

' - ,= . _ ory.. Re.d.e_mpt.lE

. sm L.w N sw$$hkhnh h ny h,h b[ 4vn n/an!n C M N v~n f Nenter LI M ..l N uind . ' P4h h u w s~yw)k s

wer m hh h

~n ..

~s et m h.g h gtW sy m ehh. $hhhhYLb  ?~bO s MWitimadd f Sl } , .h[( .., M [u Yhj r 1.2% J9$ W 5i" $ $ G Q p@G@h u1 hMM,e,re@hM,blbhb.i.MMAhggyM2%W w*

p ypn w4 NMww aaw n

em eh

+r p a2

.?

eo lykW a s- a<

mw o-w o . wue

< 'iMhp J69M. 2lam.aa s

sethh? w%Q Q c -t - r

..' l ? :, t -

Q' +,'o p MS00)n +

i 1[$hjMMkshg: d f;. 7 Dog $)M,?(#

f(eo Q

. yipiphkm

% A; ,

bgms we som$h fqe M Q mmn d y @ %sm$ H+OiqA a ?#@ ris 3)'-

WR50% scricG J  :

ntmo)- lOp4 wx Ok - m m;w -,,-.- -

~~

T MdN dmpe MN N hi Mgi~' $M90W 'M)k Jdi -~,M9 1[I)9 [rNM / IN[lk < - [63.282 $ N

$MM MM@k ;ff "d

' ~

sL fl

'AgN' y'

.y p k@W]y@$#FW@n

$$ dMR M M8 B Wyn*MW@M@MW

_ "E ,w e,, #' '

isAMy),

w s) Am> MP xR QW)

M W4M N M is q 2d Q Cf n* 'OW WVM u . , . '.

?@Lnmm A

. t tr(no00) s.

g[ WP MhNfdNMb$hNN0erkWWi%:

a $; l*

$j) N_ d;Q0 %mq -)dsp) QW)j%

mm . ,'

l g

s u-em u4sy o psp%w% . q w . w . o_w -

2 41- w mw 1 w .

as w

, -- . - m__t, + _

c m-

.u.

a w

,. .e.r ..

3m w+; ,

t h b WN p? 9 1

t' i

• gggg[gqQMidmptbus@ % (

L m$ , _ ,

~

f1 WM G7 M42

&fqq4k@ww >01 s- 1:(5 S00) MW)- M. A

&.. m w a M g Manm n30 % S :M S i m , 40%) i Sa;Mm fh@ nwsmo @w u% m%$Wf~ .t: -e :4654m>

m nonWa

, wwsp -

.. 4- . _ . . , .

we> on s

% ,3 3 h $3td $

,w

<wn k bNhNd h h Ubts3Ci d % U 1 6290.hodf7$14No!

?ph3 NNhb~M $ da'9xQ n 4 x' ~ Ring 105fAEsesiheenwitimMgolputofdesedamenta e c L8inl5li. htM9 ' S #41,90f - 579.01b M

~ ~ ~

v B.%dQ

+V 4MQmacG d~W '

~N a%M.q-%??ghd g %.my4@g 1 pNpd. * -? -

hvh.ta L O ' t v, ea-h-

@f Q W s Ae ym . ' ' >/ s 1t - iM h  : s .# 1 i

$M eq$gf$O

% r:iWR '

yc ,

w pd p%p 3 hn.M.i.A &y na & w 1.;;.m'  ; L;'w. Jw ,

• n ,

m <

i w gt,4y . g'rc;)N .

s

' e fi p[ s[ [' J .

4

.!.3[ -

W

'#g&M;/~# gMM s, 6 %,.

29 w e W2n%.43 y9 2 c 1

.' 2

.. h y r N b[a'Y-h_[f(?;. I m$M hN=. ( ' I '..

gM , f

,u h MgMg;&@W M h}h i MdYW. ,i beggy. w,r ,

• 3n'

- , y.  :.

b M ~.-Qp l &

m g ,7 e

91

%$g 1 yymdei M t

nh

~

'g : . m (Qld{d'N3"%mmmy#-W l

W M G y g w 4l ,,i i m 61.

j

Imp,Mt,,E Mn R s qa y

m wp M+wBENEME a g gs q~ _q g ag wn ww gg i

L o

i qqp,?xpmwpn' A,i . OfMMM

- n

,42w4(w('n $ [.j a M N 5 MQhe, 35 l99l(([ , '.O.~f)Gf' " ' .j{ (QQ , M ,

W:A hMWuM

1. sg*1jfotkidtdftWdDemak$lMM %Q$$n$$ggafM+if

~

!, y n N. Q inkr Na lvpsMf!$

l(qfM8PM y ~ WL l $n d'y g3 ,,

$@4MM@$p$MdM((j[ dM nC $$[40'N]nP %j " .dik

e. ,L M~"Vyj}g

$% Mglg-q }g$my.. y m paaw npyn

+g%istmem to mod ne inne to net cuh froni igeraung act4nkQ % '

Nton) w: m w y&ayy @pisg ifxg y$kq grgliaW p w % wdnsy .

pm %g y;3 ; p~ w> w'B2,7s0 @;2m 4 J u M @M d M W & " @ @m h~g

. n em ow3 c

m nm w wa v4m &m%y 4

. A n @r g% ug u na w e m m 23 y MswerMw%m

k.  ?

<at WM mumw 4': : '

Messi n " n% n%um W w h

y 9- +wyz kW vg&naurat*iu.G.mm.~oaw%

-ww asagn w 2WW ~ x ^ onA. .L c

'ww  : .u-Jnt,m nm) nm M.m &w#!h

~  ; r if , hh b lhNL1bAbkth N bNd?h b h N i, I+ h $U9 OS)i N j8N ~ 'df h0 pMkh g n%$$ pMgaeQ m m a, m$wM g y:% KIM , jy J[. j MI,9t$)- + 'f,28#% WissMj d%3

e. i ,h)m m2.ess . mm v 3 ,

y[%jkdbhNMMkdN @hw #fd ,M ' ,l - ~ k $7M9 I h8,588)N 303dfM9 n msmkm e n? ,w%%m&WWmew - ~n- mm, m

? c w ~ - ~ , - n- WmvM e ,  ::~~" w %~% w m a mdO N,wM

&. ' i hk8 r b N D$ b <

-~,.\

.vh.-

www -

e'~I ,I M  !

wmv

.< Ndk ' Y N A!8) m

,. m O

,hf W g%wMyn$ M wMgn(MihowsFnM't>@cmfActivr~a~

k S W WEs m m W

m  ;~#x.

h f

% W i  % m@AW 1A .1 l 'tH

+

34 -

W trm* W W W W W , F"

- A?. >

s' 3

at496i ' ' MM2 EM*% $

': 7# 4

%' m

{ ' ihhhNp W4Qu M y @N[w@  %

m paim M W e

% %paya#id M W ,' e; 4

>s 2

1

.1 N A ' ~ Ns ^e >

' ' w9W yp10 ; n. Rg w d.' d;/

i . -$$%g$$WM@e $FreferredstockMs A

• A*wa E 20,223 e ,. . d,Ho; CSCMM W@h 7

!a

- dp 4 %m% % %M=* W@ygy; ggn%gymwQ. r$%NpeMWWaw@f$ GWwW' . e nn. .n

~

4~

Lt "'

a9,oor @1 %ocot i

1 M

9 -

NM' Lan wuq gr"a/'w pcom  %@w %w n":

~

q pphasih km&~ w  ; . .L "

sws:

m 69s n %9sof

+

mm a vnsk now mMy m m

t p%p@w.

rwm idd tL fer 4haans:ingw e e a*uttyitWNM e w w? Mw*. W:dc w e ~6R emm m .MM H WW 9-

g. w Mp)pn.,, b ~u,- t e,

sash w~ ~ , u .

a w ,, m .

m. . , ,.. A,, g e L

g d27

,n. n, 8

'y , c.. n., ,,. , 7 @W~.

g m~ 2fM pg 3

N06; y23,id / ' 37NkN5hh f% '

!"

• b d; !

kh k hbk~hWhO$TWWN , W "hhh.% ,'y m $h[

k" 3 Mhkkkbhbb W %hMkI .ME- 43W2 1 @" N Mi * *S>,

~

J m

m N. 9% MW,f ,- s% . q" sy.coe q w NhuMsg$hf@y t 6 PW@e%wea@

%Mm tel cas Wed for (&&~troto) inv6 ting b

5 %~

EtlyttitW3%nu o Anh *

% MSW F J z m,W,&

.:W wv .. %

&$v k; Q mw *W MiI,997) 2 425W . 3 s J9;40( dp%

L

$ ;W@*y$%agh provided

~ s m .

w -n h

( * '

gry m m 7 m m alentg s:q p'\ p TMa$NP _n$)y m ,M4,810 '

A 736) y@9pD) O m KlM1@p

' ' 9dp g gM&amitn Va%nMnnfpe MW8W c N4W

$s

[' -

' g; g p d%n dhWMD#piessG@dedese Cas

,samv:vm rc g ind4sqdatWe@e! ip

3 , w c~ yrven N 8J83I{ fl l'f 04)iik .

s ';d wmFs  %@w

$QAB

$w e .

x - - - .

b MlEEl#MAsiROW3WORMATKW 7 / Q< W1 % ' '

• 4' M *bk , N *P Gjd 1.a%j MN; O+ 47' %f l

'L$. W QdMMfpA$$sh@@

1 pinensWinatespuhadH Q Mh[j* &< 2' W 1 T 39,s12a y s;*#m ^9 ws:4 tot, d 1@3 4

MRgh; y .jdhndedtsr@@M4%W U Wb s m" %

LX 72),649iJ ' dL42&; 3 0 ,2tiO I f

$A d5M Jnawitsw% sat neWweWnwedid

<A

~ # m KF M

@g 4 >

& N $ $g 4% MMM #m$ %W  % w%

'~ o @ w~ s V ,

T

,m' n  :

E, M4 M

,~ mNMb e

i eni mbS wnn .

g wm Y

c MMM dbd eN#p s M N N @; rg A '

w

+ 2 y w A i %m g o s

< u g% d?

-;fd '

E;e' ' ~ s" MM

(

I w .M*M h"&,@s&ASMN MbiEh"hfu . 2 "1'N% /-' 3 r

i NMO A dM kga MDW M

g ymp!n^AT"[ "

> -t, 4 '

+

9 ph. a

sl"gdA d ' pf 6 Qh Q ' h4

>> '. &w

? s s g -

r' 3+: p - ;

' s ch Q7&q%w.7 g %g( %,.yL y* ,' n]e y

=

i 9 m s

' QnM d c

sikkN d hh ur O'-y +

w ppin w , wmyw: w >bm>hh hmre ,

p.

l

? .

j h

v. &p, p[Mp%hM W4,, rA d+

L, Q$y?6 @ O yk- F e ,

h ww k hh n s y. 'b Y

. nyew u j

y h%a3hhy )n w

, [f, ,,

u a v. a '

d_

@w y s Ti - 4f? & , , i , s s ma a

Agy dapp4 Wqmweg 3Womesse m men e msg u

pq fg www + wyy ig g wggpQgfgggyggpp n pnpmewwwm/pMan v yggf wa w

y4 ,

N!WNMReidtelsOdMM6MfWC7 w w w : w Ji&wswaaly9U .- 1 J990M i D(1989VMp

[ c (Wgervgyq qMWrWQP-*e Gis u M Ax q p p pf M y m2 ~

& we.

M@w%; WW4 Mk y x[ *

/

• J M M % yg d T f h;f % ,N

[ # $h w# -3a @mmpt NN mW

. w i M er* M b y ( mad MS%j%

4 44 m '

Ge Xstid23La#

D on M

w st om ey . ytd eammesse .

&4

< . $a4gM 4@Q e m w e%me#n @,

+V893eniritya*%w%pbyturitsW@e" ,. m

beg , mo x),#221 W,WIW adg 4 il433S M@

L

_;mgmugge,,1+ . es e 1 * * - w,4gc s.,4u .Mp%cN91 4 .Nwwg a a t1> *p Mbgg%n% % rprEe %N*g% ou T

s 99 %y 5  % 1' 4 o 822,ee 423M '

2 960 $g@

yg W 6-e Qg%flk}%yQQtiJNCOMyTfgnyy e yany . Qp un WS %W ,

%~  ; .o

n l ;-y , ,3>>a s

+

g~ hM NQWM4. .j, ,.T ' -

Q N < jgg@hgn kh wgh y MWNCurregttypaypl%gdW% '

N

>WoAse

~4

_m,s.t ,u m 4, 9 01MM

.dC @mM

(  ;  ; . no  ;;s,ow Lnp 3%y P +g&u y %y%%w$khkk$hMy%p dQ4&gG:w ,j

~~M t v

e.  ;

-y., -w n-w ~~~ : n n n' ,{ f;f h k hnn N OY $k Yk L gghy+y

.a

--nw li m 3: A ' a@ Dpfdsd;ktfe14 +.j@ # J% -,n@ iD Qg ,$w%&sa%j@ur%QkM@~MW$[6 w h-#twi :J 32M y m y! y wkwwww

+. mn .-- -

n vse, ~ ~ mdh n DUW al.r Mme - w a ah A @dhMbh[hkNmeeeeb;ca)m.g d h , t

~ ~..YJ l&&-)

N8375 M85) mNilMd1 khji l

m p4 W j . L..m 1 2,784' L

oa

.Jf4,G1L eJQl,DI t n w) -Wp e W yh w %#:Jkwannent istcMts;nctof morthtdotWM i %Q' -~ MxW" ^ .

W&M

'.4: W. 347%ys y#Od PWfth - Am kun , M .

&Toi,ir,nvi,x.i w, m.ia iianu . x

<g<

a

.. : taps

~~~O

~~Es:6,m' qas*i ~a 9st wy MQ.

[ '

wg

@s' .h $14STMEMDiTGA$$rnCAT10s Of PuonoMot putTAXE; 'O 'a ;, m  %' M;g3 Nn k 1

s . . _

M [8.2M6Hi > 815,M8..'J% M( Mtg.9sN

' 324$My 9;pdf@hiiOhmgM m %oerae M w%w c[. m$a e[ Y M 1'G f '

e a gn *m* # # # ' ' "- w^ O m'* 4 #* #'* *E a a;at e.

. s zi ,

e 2

naxioswm ym ifN eW E@d h g#yP*

mnces rDuonwcoutTa ., ,' x w *'

~ wL m%w&

hd M6 9M&

)<c:@3L Rsp@@@%@p$mmp&mp%w% ttMWpanis fQ . < ,

,we W63W ,' MusW4hd J

u gig ,- , ~

may f(1,3e0)

', w w g(#

• 4,y 4 h19ersif4e%@g3M@s

+, dt,U3t 31 W W p % # W n w e u ncer w , w suw 1

i

• j: . . %- QPr6srtMet$$$w$$$qd 1

% mseies d e 4ut M M Q it wekedyW.u WM

.'W. M, m*o ' a(4 9esa taan M q(LQ5)E eJ#9wsr%g Munt ~ dim 0 N g

W k"

'. $ g] h%auhi%t&%UQV%W >w 'Y' A505l 3MW4i m gWahM@ % Wi%  %  % 3 m wm an,=D a4 A c%n*

v' e +

QC .va %. Jb(I D gIm MAR .

W nxqu amw~~www ww %g&M&g Att q

~,

M f

m$ - y' %g}[Rbgr k a 9 m m$ m h ygd f I k M k W E. '

$ (8 7$}- t T8 3e4Mfki T;4 l 43\

w =? &

m,i m

mdStct4crihtet0rfmeAthpW57AGimMat$TAtuTORM;

-. . m a w.w c v m' .

=

h WjN@@4@$

'Y O!!

x %gy m=M M- ,  %.k a,

' & *Wi. , ^& m Nm pp$AMIi$ p]%mn$n$nRTA) IMP / '

dj )V15fG . 0R ,4% J11dif. Owp

}- i% 4 x.4 M,W Asne2 + ' M rn F @$di

&m'

%M%%%%s

]ghh[ .  %% W tG11%.W ,a J'

1

-n -t% i *p,4+g[  !@ -e [.yp - m.o }w} Q o

, $3) ;jj j)

.f ,',. m- --

', 4

['

2" y

&ey t  % v%,bCl3GIh.

%%IN - m- % ~ JGNh ,e

- M2SITSM

~

+ i

.3 th I " !y

<ggg,$WnM @mQ jq 4 < '

[ g ' ' Kit 4 M M P' '? W).<<lE gd

! 4 MmFetxatecfMWswestatM '. @ Q(lWO , Ql#K a i TMSfi

' M T2,06% @)j&l91g$R

~

+dg R$hdMMiiWtuticNdMglMWMM

, DRWhisW2jrBM4WM , +.n--e F,,..

,?s ' ,& '.M 7;t7) g n .nef 4 .n . M00) qM Qtso f ea NO wn:k bhbl

/mn beh b< SO >< a$24,800 L316U5! M3 iO35Z =xsfg:

w

' , TW 4MMen}

+

e 9

W3M4kilE**f@p-[ed*_MMtk@$tdpff dfMaenmefE

. .u' ; . T. [ M 7MSMM MU i h 4 L

I y, % @& %[ W[i V ?. W * *D Ob a ,a Q @wm jy w 's t

M

, .>. R$dh![k:+m\

% p e m}' .

'M

'ii' _l,

/ W?(hCu s&g&y)%;3

% M&p 4 - ,5 A;  ;

m F -

a QQb Q& c:D ,

-]

f pwi @m xl

? re giW ' ~ ' . t 4

s ,

ha M

" M g>f <

p ,, ,

-af pn 45

..}

ge e p( w s '4. ,

W fi e

i ff 2 , QJi ,  ? m ;a' . s

' ,N

a Mh hkE -

EM _NhbkN _@MNb)$ M ~ Mb 'S N b "Nk a b N s J f._ 1 a, ,fd l

1 u

ja - J gpeeriba

. Jenp mo w$syg/m@ tie C en@sh61pMMI my3 h Twotmeauews h6wiGMsdidinnWideidisi@ pubsl$styMDhis c:

, RurrentdcW;tspppheuks46.ooo,t%tadfhLestinialesi EdisnM VsharNf the f Wihe IbnnsWanin6Nk IM2ty:CorsnissionifWCD in;ed hMe Compants last r*;filingamounu ndenM fnin@ Py P MMsddi%1esdhi#ResutdmWesesfo@E4eMdiicumherseinW!nutenklinmInkif the)# case M d ngpsada steiem lies WhiGa666199HMW JM dmamHmQthe uniu asd $e gesund mounQM g-ta wen

%w%hh@@e% Rsen%grtads@ n i

mammnue

~ $0MMYnNbdiendi417:%TheComped #WW*

churWObwd mim

. a M

6FN#mdm niid thm@Mnd d the mgKRefense suemL .andaher CARDwmpWsn QMW#e##canan@6vak@%n s t teiewsewnahd$ a gated to gy avhare ohne consinictan osa ganyytntig #

mm W h $

dnis/mtmanB(W W g'

4g p#g4 enwenntn gnduairal emusenietepn its com' piny wmyectiornvith

1. ft6m catamers incWsales 46 rssidentl#fcommerdal and L s

aterialmncentraq Whed The 65pey a facility;in ree s p#s9 4 ufthei phaseta opeur.g

jointly ond fr19 tid induded in the currisv>ndida verringa e me4xpd@eant phipakinplantaecew asits ownership wahi -

h pa thholesaie customerssbere vm no;m$ca of lin Thenidsts aren e

mig 4

h hm% $ W mDbMs n b$ m yoM; inl nes on the man i Statuss kflechxl m:0" mmatawwm suanashewenaiocaservnn: s y+Qpfp@@he@rwise y

i! %powercu_in#M m ..,y c ,mm recovest throupiduw pangs $guehsd!)ct purchased l Jdsde the following:~

1. y.

- ratesmm from m#w,c

. m rwe its b' ~ # '

&s wmy N_ WM5 yrh CCUStumtr4 f0d@l MOEr!U21YlCVd CCMidth hkiSd6fMNSOf thaotewi eft ot04tre(ECit)a(d UnderL foi(ny$(,y N, .SiwL=1 w

, .m-M*C wg 3%;

7"*?%"!

1

.%An W

' = , + * =

,, , - : a

[$%IfstWfniidManhh%2ted eachM AmsdinglyndiiCdrdhiffitefits CHN R ' OW 18 W* d * ', the dlffeienisl

' DN  ?

t

,;. %gg

[l%himonntesi@wcomany%%c svekt fiomitsut6in "TnafA. wny  %

4 wme

. to;dedwsacement wtucwts:recovga rra cuanmy h m uc wm me,wng y , w ,

gMQ3 "LG***friW C ' @ n 38 90: .W $4FH M :ttusspM~e ECitWh4gim extended'6utate T BedrNalleY~L p

g_ .%ttsnjst 3fa'r.su.e l,thiudsW ~ ~ rec.o.i%. is sability f.s?  : Ittry C U-.-

• i> x .- -MMi 41

'

Tel. ' E e " 86m% 1142n i ^smoor ~%

~

GC

- a gthE stimh e reftr d8t000;~ . dding 81 MOM oty j jyjdickkNON}1hid@inthdkly i

- --- . - ~ c-- - d[b MN' ~

7 pggwof WTiiaombraa$lh% essi mwa cd4thMhd SNW2'd PM '. . .*f dU M fdutth lKMppeald tdNNim6n 4 lhe IWC dikifddhi c6dsiitribdtahk fo' die Cdmf jm@a@ ngumagmanjese paywattdMag the t W fron{ , g;

• iE  ? Dein1988lseNMsipMselFEttfUnitgcapacity 2 "

$ psi %pdrd ars a MmaW n a top 4 leW4 Els@!iuming@igny grjnimided ea s

$p&i9neannnent emiescemraMMehmnenL  %+ymgge% - .

M< y%

lig r me% 3 , w~ . 7 W

~ .

s wmap(rm@compukgThe

$$3 M compaypruii&%. f; fdsnhquanerdfl990lwhichi N /2M , ,

. kmindne during$mpendingtheouvaen

,9 -

- *, we m o >

m MblishnnjM@W iatissonoctubd 9$/neOnitsil ,e .z~ ~. . - ~,z. . -

ThqCompan~y amonkes thel cost d nu,dearjdei psed on My g. j, g$msydpmseCd6tidenkdillisD%njy@petino@mNdtip fggy y y s y

9tN rate of consumpuon. The Onpan$ dertric rates  %;]e %g ind*le) 90tiNi@MtMcsti$Jtdiij pisitknis tiieq g f fa m a gy # w ymmnW*w$e wm awe tensim) of eewams sps w1m fuQasedy .

hg gsudintM m$sibdnndediFfdnseheiierusadminisnive

• t

Department of Energy 4 ( .

@ pcQpa$m pDg @ mc W,._

ggggy fdpfsdsssed'&irtii -

y4 7 %ggg$MO t Sd idnMFUD y wf M g ~gddstsici '

npresims (mandr'g mu capitalized m wnmeten wk@ 4 M$cetmen#The ben M@ksWMus ses'ss tHenomaa i%.- pugny PW*

fu Po*@n icsNhe ref! ens ChnhpfdMS ceiisad i!acast fddhitionPayment 665ea g- Mided inplMt hMIEejde an6ual com%iteiate for dhciricg y epty fun ponie representw the noncash tapitalbtida of s

$h a$plantins2dduriiisifie dmsjens ended 1 Member.3L . imp @uky utsEhmdq e chagedn R -

Nt99deemSv msnWansed futurewcommiesioning. lewl of " P and in the att of capital (The AFliDC rates (exchh.

@k @g # toittowneshte interest in two nudur generat Mosts:appieabie -

am nu ruemo we uu9% and 1o.9% in i99i

- '~

' 1990 and 1989, naspectively Capita!!zation rates for tuterest on

+; , . ^ nudear fuel were 6 7 %,8A % ary,110.1 % in 1991,1990 and '

cps((bY4 4

q 1989, respedively.

a DRL ~ &

hh

~%m h 4 d j 1 4 %j%9 % w ' , ..

. - _ _ _ _ __ __ _ _ - _ - -O

e w@nAppa'Q

[ .~M r w" M _ , d sarWqm <

! y mw . me eMETWW~F7PWTI*M?"W9

'7'" 1Ai Q.i Ubg r r' T44 a 'g

W

&4< k; ll& ' 'l1:; Q;E;W / ^4

d j w.7 o $ag;7 M >

fm # 7 y ,j af a k;_%p%;v,wm w sq + y m< ,~ q ,

n wma%w; p .,, , m -_

n .

x :

'a yh.p#p@qm . ad!Wm(RUS 9 x. >

to:a!preVision forincome: (The and of th .. , je phn consist primardy of c

$ % 0 tsicUrstna on'tidta:eOnts of TadThh (idrnd meme 6 snited $tmesjoyemment borids and corp 6 rate b cin son costs for the three years ended Demmfd % 19913m5 j(:S Nw y %pu$m thtdt w rin ind fmditlanog s iogparmse diffe$resm comt M computed the wwgnjthsiot as taowse revey gN jiDp@ expects { hat $fdred thphich have not heen provi&S lb

- W: %!Ncollecifd, from11t,s customers whernhe tans tm, ane . &&*M-*mm 6... , y_ 'g W-g a( '

~ .. . -

mg . . .

.N ( b hb h t%fflhtafWblilufr$ ,..,s

.PMF: n"JC af ehk mpAshunkt 31. IM the cuwlauve net .%% sum ..um . s$u :

~

f ggsgudi ffsiksbrWMfendsme ses rlami4We# 6 1 x- JsC id h . M:i fiskristEerip@ rodded wrehppmximatdi310O00,000;  : 84al@ AMT M PW WAi

@ % , #5!LtnYstmeni tu dedas whidi trere deitrts! whhnildhzcd '

? *We  !( * * ' ' -

4W 8N-N- ' s d6i f +g>

UN Q q$hNamortJzeMar"tlsesdantlife Tremsnyanyw weiygmooooraernene of the rdated propertyx l 7 % g sm w % w g a,,,,

["4g] 7;ndntmjn tu credits aval)able to offset future federalincome Lprsent value 6f the projened teefit obljgstiott war,9 Fat.ML y j the asstuned rate of Increase in futste comnsmatbrdevds used t kIk(fh.3WJM We5 PayaNqsudi Amn g St:4d@arMMIssutt crslits may be wrial fomniin&firutdP

' to measu're .his obl%atton was 5 % ideacti ycit. The assumed i y '

t h qg(ystammemof @@c@ongngStandards(5fA expsd long term rates of retim pi nL/ assets'were 11(in gsnmgforhmTueshhWamagother&% - P)] and W)0 and 10% tri1989; ' , ,

^

gm l- reqqires) dege in the mehod used by enterprises m aroum ; ' #.

y (Tlic Compmy pmvideia minlmsn aniouid of nohco '

.tgry life insurane to retired emphryeeiln adMon to optioiial :

il qMg Qg?ta.ifabilities j @r Merred mtet W recogn!ad income at thetues! ytatutoryUnder incutne tax. th~ts stindard tMLd inmme z mmriQ MmMledW MKwlsh'inddde J $

' g9 pates WCffst who thQthihymWxted to hipaid;Thk certain employee deductibles and spayinentsjre also avallaEe i i

? g Un yTtandard abo requires rectgnition of a (efermi tu bat $t* for? y to rettmlunployeesPdvir depet&nts tc4 undes' mtain cird ' I q ) cumhancesimdr nylvoi Tn Cephy pays hisdrae b w Myyg , 4@tde:tefasplat ompan ustom9rs imd hmgessted predousytren 4dbrmlia luNiityillowedihroudt to thel

mhimitscbver a portion of ths kncfus in emis bf set Umttsi M0

%gg , MplicaN@e pthe equity rm3ponentof AnM$!nce M1momuthe up to Com me Hmlh  : M 6C >Jp ? Y

! [i @}pfPany !spes the the add @al t 4ssochthd dektredMa@tks with healthlare50 Em diavd 16 income miring the sppficaNe paymem periodsf i O luid l*d hfe ins f4that pn&du futnre i andhomhSR000 w%[g'4co!keted from its customers p;MY@yecpip(d comp is not;nguire to adopt srasunti!1993J1og porto9_penue; 39% Thegigs 944,$3900 m Theusn a edsas m o6 % m un g a y 4 ad UWnM' wtm the tu 7 q

' wwomerw*wd g9Wtota! assets youWmve Inhened mewarde*ly, by apprpunse 'w s for Postrdtirement Benefits Oths Thanwhich Pensions modiL /,e Y

$; gy$@0W/MW 7 t$ netstal e&t toyet/ncmaen l Ges'the methsif sibe used by' enterprsto ' rgo6nt for hther

<d NE W9WfTM"W88WM"M, ' 1possemplohindbenentaf t5deEthegandard tis Company wil!b h

} M@4 Q g[utorygntp4 tenent pensionphngers 4.r dn@d almogall id-time :

g em1*gtesStipm retirementpoygspm a momhlyl% d ploymn Iwfits to anpW@ai tWir bendici #$

bM $g3ppMdenph 61 seye.d compematg%e M company:4 e uMn m W s p % dal & un , @

Qp ggpmpctd myedyselhed for fuhdmg purposes and ; ' [the%edomatgith to nMvEth6se benefith ThiQinpanp/

M yys ag@m,ahp%gmrmudas deg tM mar . eypec,y Indspt this standid prose s sivelyNJ993Ded on E f ygynts;cddedgterp99k 1! .. . i tunent plan darYdgraphicsJit liestinuted that annual postem/ N ggy h4;Mpampgo yg@enggg%asnmtd m myMae daamoimeet.- and:

lpgymemwgcmmgglseekregulatory'appr

$5000,000lThe Onmlimy;expscts'to

,pproim,gy, 6, A M M,?s &m+m%__n_,_,--~

4 u '

_ w < ,12

~

w Ltaerer me t,nnwa

-e amus ex . . ' . ~resowom me

<. - . s re. , m.

a a

?'V' f' ' hu%wetg'c L3I2*Ilfd.for future c6flection from 95tomeWlf approval l$ - , ;j d $6[i$dM@sysni~T"

W ', grantd, the Compmyvbuld riot' expect a ma cria5 advess ,,@

$y:C@Amusu:hgMcW9 " TW

^

ef set effect to nel incomm a tesult oficopting SFNIOR j wwmnamn

.; a v

7. .4-~~~~ ~ .-

- -Q ep.. > 9ymeww - ~ '

e we esm .

g if!MrMtE(M d%M 'lMk ($WM1 '39W2 -

swywwwwwWw Y!W~

~

. - : e- m-e s-, y-sw ---

sw - >

a

-q u W Emsu.<

amu emu.@ enntw(pnMMd

.;.,8 -

t=WPdNg9n~ - A84 M46) y e

([ y[ ' hW %Ph ' hD N}

NM Lj v

mgtet pm ew <m - wo W 1" 1, $@DormqdMtmwW w1. ,7 . . !!I.%9 - H M W),

m s

< ~ _ . - _ .- _. .. . .

t 3 i UM p'1dth12WI [ $ ' d, oil j IE

[{ / , /b f "i h,yMW$# (' 3:e m 1 hn

-i - ' - / ww - ' ' ' - ' ' '

L L.- - .

m mm mnw mnq%,]yMMyhy@ppMMpY@pnw%m%n%mg$-@WW;x g g wqrg yppw w g N w p 4% ,Mgfy n 7 m ;- N n f 4@M MM, w

ii _ NgdyN e e ,pr#ng h#w$r$N9tN m[ pJOi*Ayk;j$hNsrmQ@g 4

tkkit

=- e, s y y

v

,h ; s .-

r

[m 2 n, + 4 VN > #r j+

g+

L s 3 t

n4y v

7-@ [ $ " -

2 s -

a

$e w$1W ww. -$xwMw?

hW Rwa h&&nm$ e V5 .MWN&sW n.u -

' Yn&, ' <vav -%? + w -. .s s n .' .~.. %M i .

hh Y H COW dE F $3006 @ no ed in n On @ M pl3d samud toj , /s

• 2m* ld i

f 'gaanwateasmp%Wumenworr~

dtiseinifrbsg# JMW E Meani9,snasas%nteaim $AME Nonitkust24@jlithicomni $

w wcnnms$xm'a@&

a gna e an aw m 'R4, Wm a ~ w~,o thhI fh@ny deierMk nd. ?-

If g . ' c

~7 V$MgpvWgy fwag:

p Mr maa,ith

((n gig ((jDdIb, i5IDCrCGSO v

O Q w q,M)pradk@MNSwi!$

e k , NN I

,em, i

M, 7d a ,;<w ~

, dnGM m laXe5 br Collection fm~,m ChslOmers in $e fonRs OfT13

>m . ~ e- ~

'h.

fapwybw g, pa

%sggg@s.

O ore gWg ms o.

4g;, %g ^ , Marges elecific bubiTNhalance kmaintto .- - - - - -

s

~-

^

b. fk [ 7 > h' ]

sNh n Jy 0ther

@m,mdesv@ -~ thh~& ~~~)W~. MM % ) m .n% , g ?3Q.m, W r

, Wi Am

. p%y ] Nt N Nr Ob MIMMh IMII 5 MM The hp$y hC$ (Eft 2k{f3D$mh${On f (Ohnj" ,,[b W $uwhwrenL a e A w ;.. i puter b4@inent@ffdspxe and hther properti ind s@{pmenth y~ "

vepnkmeid tem A 94:439qquus , car Qh$gg%p1%clearfwheth@bNhhN 6 m W h b MMSIMk

'mc w t

s

. MEN . MMb -

NM~'

under omcelaNe and nonom( & leasesitonsttentWith

- "" ~ . - - = -

~

E 'm-M ~sk ihn>

N[iM @% Wdf C[Npippgragg" Jus are#mgmi tooperating eqwnses on the Statemt[of w g,0N 5

,=

P934

Inane. Su& costs for the three years ended DecentWr 310 ,s Y hh., %

hhMN$

gg4mammeS N E k?%p 1990 *"*N'i2Mk 9 me am. ....* c - mm A w a

& w#.

$c VMW&thnM w p a rm eenessmiq M q G /PA 1st@ D ,m UW tW ~,--. -a

. ; W an~ ., ,

av tr fs pi/@x we Ohrerwmunnn#himst ymem.wMe ~ ~ -*" * *; PW341s  ; h a cast kasM \

(23M ' . 2M8 C W uk W $ m .81 5 '

MH

' flM 1 UW sWcuWW F, y a",;

=

.Opersh'4 kases ( , . . . ;

, @d _; y WO -~

y , dM,$h[(

~

. %g WO14 W mtrapm @ % \ y C F3 M -g@,s ,

W h$4,3 u n_h, ion

_ ' ' head gium E s jny wsmy ' m3%W @.

) #pyQM$hortermhainn fW k- QM g .

,g s j' am- .m .1 dhe'futme intrNmom kEse payments mo!becember  %'

3,1P a tgutt -M's ;- ' -- . '.4 'd.

mp6@y@w a su

~pn#nonWpptmo8A,ll temporary 6'99p~ ~ g" ' -czah 1 dhavestmehtsjordta dsitMin'inithdst(inty%f threciuonthsa , c f QW gMMssire iepbrts W equtfalents on the Balanssis v' W&M pf $hET3mpanytsrdsump6rary[cdtnVestmemsRoost,k OWM" N,# ~

,C- ,j g?***Qg%@y M 'D/

> kihi(dipprodetssithehusisth!depcideishfdrandnisn m. l Mvesung A#ies includecapihimmutima amounungi v.Na 0 mA E imkW to SQ43M

• M '

M Wh

[a-@g$pandap(U9p pew %

m rd $8#97,000  ;

A m-*. forWyesrO990 W *+ L'1 ;E

hr%egu.%mmme.

~rateJn%

.~ -

4 r

~.-

-~ . _*' u gfp- .h @ted)he(Companjybase crezegeffeWiQ@$amWMmeg '

2sAW isu n y g.

am: ,e;w v ,ww Wwe May#19,884+

e. c signed .~utopnxluce. ypro.d. cnatelyn . . <= w .- =-

~ ~ .

.- w p3

. .c - ~_

p M . dddiODal 3Rnh3I Oper3 ting rfVeQuC5hThe]H( Matema WMW j$n '

(j i s 8dasWphbsd@eppshears7Su<h that all'amoiintU -

1. ***ZXff A d d Mil ,

9m*59 W er*0*eM*=$C N H:

dperiod$1WfullyrecoVered tiya hein pha@EUUt&t M*"Th this - - p$ wi--* '

% Mdekirs3 dams the

[$Wthuniibftriefo6rthpehjk9MO$tildillyinandtbpr psbriaietyC **"'N ace

'~ N aplp!Wthe ,?

J Comp QuwMghe@$nWWonGar3nhem; wwg ,

y

WMqspggimpleminteq9she;difrem"%

4 EmsMniEHonder the company % chartercthe ~ y wsen@acees Mk W uMheP emaitribittedgandlerweet@tet as shal i Noepanevanwame would haye ! tmrdstrated for paymeni  ? or c

• ~ '

nda % Incemidi199U " " "

$gamugenue$na%np%gpmp%ThGmpmf EmW*We=8 Fevia %PsismThe companyr13y, aivJ in.g' %

M$Q@M@lweMwsedgmatdy#

p ates iarinaea s31 _ ,000 528,000,000 on att annual /

deferred in1990;when mf pnfun!Mimm;risons pMyeadMmpu$

' thmughtnes issdance of securides having intuest or divideni N

p@ggg@p"I*@'"#"@p$""p@"ymtrpdying99k ,

4 '

i2 *"""""**"8

• k nu lenda the dividmd utes 6f me wries teg re&cmal c All othn prefern d st&k may be redniaed in wholef or in parti q

j

~ with at least 30 days but not more than .60 days nouce. The j M ik','g ,#Q , ' M 4 optional redemption prices shown on the Statants of Capitali- 1 gp wg s 4 zation will decilne to eventual minimums per shani acconting to - }

pmQ 4

. the Charter pmtisions that estabush each series. :j fM- > 1 l&pc&m , ,

W g A g a v; &

l u g m&sM2 agj M

v; w:s :

& r: ,'

, 's

~>~ _ _ _m

Q : gm , w ' . <

i 8 :

, , p,p a#

Ma%h njf_,s M+ P D  %,f[ f 1

$; .nn QA [* [ '

hw ka'[ h, J t' $ fw.b [+y "!' ~~~

. . x -

u. ..

w) 4hmhra $10cil $p,gt THirstiAmtQnwrioW ;

'of credit on the Compny's unsecun d notes / To amur the avail-

[$$h . (AIMualjintPig fund)todsh4(ohhd Compsny's aNhty ofpreferrai these linesithe Company is requtal to payivmmits .,

p > ;9 Glock n as fotMwk

~

L ment fds of l$% to !!2 %, Of these totallines, $h000,000 ,9

@ih

%lQEMG 2C.%[77 ,m jh , .

Jg~" gip ~ ..w spire jn December 1992 and may be cmcekd by the banks at -

' any time if ungsd the rem 2ining imes of ardit are n6ncanaf O

P cWU inmR J

' ~

Mw #nm 0 aNe and npirein my 1993

'pg NMk' k;S4dN

~

Ijl[ The Company also brs a cndt sj;rtunent with M30u -

w 4

1W v mw aww

% nit.2e.e 4 h e m n e m n n % ow fun e f = + a h n by

' isting unsecured notes at the prevailing prime or sbollar inten st L

,3ff ' W[ j.rcStr@h ntte; Under the terms of this agreement the maximum Wrowing b WWW h me WlpdId Wm Op fig gd%@:dsjTh@kes g nextf ars 4 xnpaay's dug + uCNWmm for the are dih!wiilvd per share plus accrued nyWmwing tmoet this agreement is ca:Tently hmited ty the ITUC to a total of $50,000,000. Other company can . terminate a.

M:

t, 1m w.%%,w~..

+

Aw 55Snm .

W20W the agnenmt with six motes' notice.

$ MM39 6, COLDtTTMENTS..GUARM. TITS AND CD$tiNGEM6 ;

$[N .A' Q m,, ;5 Cosatc;w hacep The Compny's current Lodget n'*

4 .

, ~.

% fomst reaem onendaures w approximeer 224,ooo,ooos pnmerty addMons and improvements front 1992 through 19%,

for J Amounts s!pyn)hore for 1992 indude $j00,000 of 11 % of which approxhnaldy $3L000,000 is apphcabl6 to 7992L ,

% h Ms preferred sitQ optionally redeemed in knuary'1992- , The status d Ittry Unit 2 matinues to be under miew n, '

h3h . j f@m41$ 1EMThe tdortpfe and its supplements, Curn ntly, no signifm worl; is tring performed on the Uint; g

& gwhich secure all of the CompanyMrst mortpp honds, serve . and the Compny does not capitalide AflK Until miew of the . i g status d f erry Unit 2 has been completed, there wG be no dei q

%q< m@as direct first mortpge trm<mesfothenhsn)pdfiedy impted pmperty, lietsowel m wbstattaffy by a property and

. final schedule for its mmpledon.The constnidion n:imate for ,

Q k% LtheCompnyC N A g , . y . . . . . . .

the 199319% period dces not indude any amounts apphcaNe to? A g g w a e o nta w % e Tn s. m n,Un%sa. Unwen. ,e,med hMCfthngh Innbef3k!991[the Cdmpmy?s annual shsing and IbssiNe ahernathrs being reviewed with mpect to Unit 2 laciude s hhMImsnGOitd rsrArems f6r 'all 6mvh M unike the in&finne susperdon'of construction on the Unitimumptios @ <

$Ns yuntpgepmounts to 5l1J20$00iThe Coinpary apects to . -; work on the Unit and termination of the Unit,la acconbnce ' > +

$4 yatbiyjhip;tujairementJn%92 hyMrufyh g safunded t property .w ith the CAPCO armngements/none d these attematives may < j Mn idet*N20WWdie requirktamoimt .  : be knpiemented wghout the wromi d each M ce owne

~

of the Unit; in February 1992, Cls purchased Daquesne 14ht <

[%P M dige $bonds Minting Mdjustaringfdnd icytthn riquimhents detstl(aduding capital fornna'n

. C Compny'sseries of fitu ownership slureofmon <2.; ..

Wrry Unit .

g

~

' densed for the nnt mtyms me As of December 31p1991, the Company haiinvested app n,n i a M s W _:, m c h 'e.

w ~ -- matdy 552p00,000 applicable to hwy Unh 2c Ddy in the , d 4 999( ' ' ' @% ' completion of Pmy. Unit 2 can be epted to imrase hs total ^"

[aM[e*,, E g g[

~

?co$t }iy 14004tSlWhidi Ife D0t preMntly detemdnableh lf R g, Man ha decMon wm ina& to tmninate Unit 2?certain costs which are gy 4  % am

• currently assig6ed to Unit 2 would be reass! gnat lwhere appro-  ;

k/"s dmouhs ihein utme for 1992 faciude $1 tM8;000 of first7  ; pA to Unit;1lltading completi n of the ong ing review; the *>

$w sunttg@6on#ot onalWredeemedin#mmy ki 1992:- Canpany is unde i predict whether the mostructkn on Unlt 2..

b~ DThewe%htedaveragOnterest rates shown on the State, @ madngr, d mntinuede on what insis such conunuailon s willpr ced Q MnieA(of'CapMintMn rdme to idng-term debt outstuding at a g h %nDecemhD10991. The Compny's cN%ations to repay certain op thnd sitmi nmenue bonh are secural by series of first s dlm" @disiggiboS.fsmd/in ir sne ctses, by suistdi6 ate Uens on the D,

3

" . z, frelatedpes6dindntmlfriHties?

yewx . . . . .

.[

i, Q

%" j'OThe Cnupany hasimes of credit whh banks that provide -

~

[l :t for Lenkings of up to $60000,000 under various lateret rate

{ pptiowShon tenn bormwings may be ma& under these lines g,

~

r 1 s t

f % ,,

qq ww Yj dddOMIND #

%M^ m Wy. ' MW #iWM S/ M , ,

, s M w- '

~M - ~ > . m _

jD W9 pp 1 %, ^

w A. 's MO,v .g <

+ " ,

i

,e_

lm t'Y lS Q Q Q Q ;-j; w < , , _y  ; yy '

N!Mg%L < W ... M 4' '

s s J 3~3 wy t%TES g mnmxd )

s 2 4> s i 3

D4 , yinssdon Stction 5MNthe fthnyybdtif4 MO$ily - insurann poHdes; or to the extent such lasunmce luomes -

QMCods tM3 nrimyMievs $ it could recover ssjnkstment la . unavaihble in she future / the Company wwld remMn krisk

~

$ gyptry(! sit 2 with reSpec(to its PPUC jorbdidionaldistomm; for such costs. .

j p Q Mf a deds!onvere hadfto krainate the U64. The Company'r . GUARANTubThe Cornp.trty; tsr, ether witin the other CAPCO ~

pS~ f Aptdna imome wouldltindeceiat that Doe by the .

compnie6 has sevtni guaranks of wrtain debt and lesse J

? Tdiffermee letweenLihe cost of ittfy Unit 2 andyid presmi : oblipties in dmneaton with a coal tupply comraa lbr thb fiahte 6f revens to be cseded imm retall turisdictkma! ' . Bruce khnsfidd Pbnt As of thernber K M91, the Coinpany's j@y '

J cusemers applicaNe to the Unit _ . . ,. .

share of the guarantee was $ tV44000. W prim un&r Qc

+ jTheIRC has revised hs pohmwith respect to recovering m;d supply contmet, win indah wrtain minimum paymctm, .

au p the ms(cf tenAna cd' construction projects As a nsult, if IVrry has N-m determitui m k suScent !.o satisfy the ddt and leasef EUnit 2 pre temeisted; the C4Apany would be m{uired to write - obhgations. The G>mpany's tota! payments under the mal supply :

%M jff otshdf d14 investment appliathle toes PERtyurisdalonal mot art amounkst to $12M,000. $12,833M and $11,376,000

' during IR 1990 and 1969, itspectivdyilMr the coal supply _

[j,'

j A :{cusinnknif cppplic$le,pider such had to the(Ment 4rcumstances, the mnainlng thdcosn the pusfERC

- revised contract policy l the Company's isidinimum paymeat.s are; future

!C Ut retuitron the unamordzed jnvestmmt; would be mmem! ~ ~ ~

1 ~~

[N  ! from (LI FERC pirisdictional customersc ~sT-~ E55I

[ *

< dELfNNttMa"The PrkbAn&rson' Aajlmity the '[

w h

. won-4P%

• e pukic LWiity rehuve m a single incidem ut a cudear power.

iphnt v 57,44f,000,0Q0i The naiount is covered by a mmbina-- e .

MM - +

(%L , itidnhiptivate insurance and[an industry retrospedive ndng (plan.'Ihd on)ts premot ownemhip bietuts M Bester Wiley hvimmotmHWriom fd' rotate and bl '

,,4 4 T rdt i Upnd Ittry Unit 1/We Company's mxamum potential ' aueori'b @tahe Compny** regud to air and water Q ymmt under the industry retrospecuve rating pbn tassum^ quey and htkr enviromnental nouers. The Cmapany haa l7i pg ing throther CAPC0(companis vme to contribute estimmj the!r propor~

dL1iona! capital eyndituns for emironmmtal' i p g4 4 tionate$are d any anessmmts un&t the retrospNtive nting comphance of appmomately $11200.000l which is endaded he l6 ( ,g}l$ pluQ woh $1Q2Qpgr incidmt but not more than p - the consirucion fommst undet"" Construction hograni" for h'h'Mf

- 1992 thmugh ff%

? A No suNect to an idditiond surchuge amsment under thisaoype yd for each hiddentq . M an D mh d 1990 mpire signiAcant - '

reducticutof sulfut dioMde (SO,) and oxides of nitmgen fem :

h; f@s pbn 54heaggny,atingspproximately Comprny is ahinstedfas to its imetut in Deaver $7MA%de %anMdMshtin@ by M5 aM NM.

@ , j , ylky Unit I and me Nrry Mant under polkies issued to tne wie Wins by 2000 Compliance options indade, but i V yoperatig mmptr for eich plant Under these polkies, up to are noi lanhtd to, installbg dDttonal polhvion mntml equip .

g , %O , ; f 2;715,000$Qls[proyided for property damage %Ournmgless and decontxnF collutMg fud purchasing emisdon alh>w.

p. yuanon and dan $sioning 4W Compmy has him s ances from oth4 operating exialng bcil! Des M a mannst

$N y ylined apprmimatelyl$342@00 of insuranx coprage Ibr'

~

whldi miniinizes polbtlon and ro1 ring facistie>J TaConipany i '

fy ( replacemett poweffusts for its interests in Desyc+ Wiley Unit I is reo0lmi to submit compliance pins to ths Fuirottmental N WCand hd Unity Undet these policies; the, Company can be < Protdtionl Agency (EPA) by Februat y 1993lindicatink how the' -

Mqd . peQmadnum M rppmMmary $@mr ah Gxnpany antkipatos its friillies whB complycThese comphancei g" 4 p occurnng Adring a pdity yen wnich are in excm of acmmu' plam must'be consistent whh regu%tions that the EPOs to htd fsuds available tmhe histum .. . - promdgate by May 1992. In additixd the EPA is required is s . jThe Cmupany imend$ to maintair, insuMce agalast nudear g,.fMMid se first of which is due by Novemhr MLcf '

g {tida as descrital abowe as long as it is avalbblecTo the extent the potential hab.rds to public hedth anticipated to occur its a -

q$g '

, , ' r that n@bhement po',wr#operty damage, &comaminadon; ndd W en by dec&utD@'rth WiM4 4 ommltfoning?nTair and n piment opa @ other such . hazardous air pollutams, The EPA is to submit the nmdts of g

g e&){@imts sting from a pudmr hicident at any df t$mpany's these studies to Congrem togetter with recomraendatiom for b W i phms emed ths policy limits of the Insumnce imm ume to . further control nquirem'ents,1; needed. The Company is tesdag s 1 time ut effect with iupect to that plantito the extent u nuckar and analyzing varkms comphatice options for fenibility, costa l _

g h [brident is determhed not to be covered tr/ the Company's effectheness and degree of Rexibility.

[' ii$i{ W "3 "

la April.198f( seved states, the P:ovince of Ontario, and several envimament;d groups petitioned the EPA 10 conduct a rulemaking uilder Attion 115 of the Clean Air kt Sectkn 115 Q

~

h\ --

N/M; e

7- , ,

y a 77j. s *y#

,jaju V P g m a p r @+f k k @m ; y %p q w 9am gs g g ~ e n p ~$

kf d g M

'g.,2 M N NS vbW hM M@ p ymu By %g ~ A, i

%R m ,w

." k .x,ap I

g yid m he ~

,,. n o n a 2s% p M p 2 % m w , a% ymmy%n e .. M: hich M. %a r

b ~hdi.resse_t ~ . ~

N O!I . luwbOWv e ~e YOOO I MtA - -

IIk80IDOIMIIIeN TeIIIkII Dpt'INkUg ftSU bk< $

- c h

i 1%MWivedfMn%hWffliAMrdtMik%%366ilNhlW[ j h ,M%e$

MMN.,wcan N MMMANMb , . $quaner foO9WandJ99QiMCTF m - ~ng i.

.fi -

m$_nkKdof5Df4CtH9tuly

of6i.M_

4petItiO0dnittiM,sf04,W_iesdiin16Q,hfWr5d_deh@e_dihML c f0miallon R_himMfoh6e r%m e

, A mereg*mnaen M w~uw#s,I81,1N

- aM gam g g g% q 3 kmp%@g .ggf ggg~ ~,7 p3_gggg g mw+gj , mw yq m,n,n+me y g

" , i M ,Of.NitS}4Wid ag 4 Nab w~T& n% w a*% .

+@ - .*-- - m* - * *"se b, m u,,me e,m._ _ ww w w_..w_aws,

Im 4

- t gu

• Aweesma m,uuea,u.m~ ~ $,M NN c inkh..N n : on ~N hM M~_IF O A H8(3.1% iIIM13 D IU.413%M3 N [jh 8

_ ,,, ny m ca

' tecnetheamm;t4fstaitMNMhyantWCIDs53fod!Ditk ,m% M

' i 33g331 ygs 1u70d ? w" g_3 4ykhrtl0fl$y t,Wddor am:W

.. l#t$t M flyMjei,, <"a"n*>ean  % gyrp l # ';' reon m

n mm egy- _ x um ,. . . . . , m~ e .1 wc g .0 359 9 % N [tp g ,.

lidt N Y.

bp $iiheN g g Ig+ N dedMNMdddkthdD 9 7"pgipg J

dd10);ln@iUlW g4 g; &y

, m. t O MS[d ,gg, 4 , . m

, . , M Ap,  % 7,q, ,y%

c s w =

w w ' twe we # ~ 1w men a Akm

(;

y 3MCF "g21es%gg:gw

%5 pNdMm upf0 mill tidn sii, wwhstmin a.

st%hsytMi0tindOhlindihts o

S

+ e ;n'ewn S e-siswr, d4 ssp MM u m"sca% A.V ' avag m~.itriid eWi me wwgp MW

~

s -

n s c J,

5 yNIh~e~fMMM , MlGil M_ieW EPCs, t mh D efMM~~MMRWM slir.4w@n$sddedeWYd~ild G m m sowetV 11 T "1 L s, 1.th61 itin, JM,. W+ kMi,2 ,

WW

> #@0pmteg W n M,W. p U$ a?

,n4 v m+ ~-n .n n~ s.tri.nk. m. w -

w:,. nn g g N F

g. .~,e...

t

+g 4

l a

g.,g $ '

N.S

,4

,y e , ,

m aw m.mW%Ma gg%

e W. .-m *um of the m

s.-

e

~J

,

• m as - c

- @fI MM< pnd:uin~o,Mp u%np,rae.  : m e.

m7 , #m_dic,.e@%a., g g Ww%eg, s' n , ggg %ms s -

g - m y%g  ;. gggg r gggepp 1 va m 3

yihe ~ allfRNIDd itgdisdOGS COgritsg smad m p ggggggggg i

g ,

gg # #, ## # # # g% %p g

[%mpiinyMhMMilkMeidfMSOhionttit[one[4; Co #"" 8"*

g.vdt pmw@em@  ?

D e W @amhMa @ A W :'WA. CFM# c

%L C iahk ti

' m + v* u

• m vwM@P C4 MMaM$58%gnMthftiltihidi#AWthesM%lM.#E%$y%

psd '

4 5

^

kWhuyA90MeTm%n%u&M%uwC Y't ns n epanmentot

"* < Gi&a N hWNWhk&y Wk$

a.=o.,enwegu$ e w % a ' ~e "I

• 3

". W W resi YYtW - +

$w Q 4Q?

dElMed.__inidh+hn@p050UtgtNMOAS f G Dff48 M1 cp u

,an mp g,

, ' ' Q1 W.-Objecdog

,"+' w" . " ast, M d igiM '.

d. m

%MA k $ y "

merese m_c w;w t

n xe' >

a pus 2 Wards mes@M#ewen@d id baumettfanveh@th%s /

• n '

4* M >4

_ Mis 17piareid5id@eAerWMn_Wposisad6# h. 7 M

9 rn . kem

- m mefen IODtff!DhlW8

-- m c ~pRfWidn Ol4o~-

mC,e nWfm/M s=w g .

J A.

e

, Y$

m y  %

r

, sund_

m nam 3_hener m s l.tre_ wi&nwra m m,mpst ems. ms anr , ,

' 1

~m4g F

. w- W c_n @ 3M sr  % Te!6 ,* , +

S.

nn an.

3&^ C'T,@

, n, ,

a ,W W 10 C

- ,~MM.s_m%D$ c 3ddIUOD3I Dip!Ik! CO$$/'W O W i31 M,M. W dth ,rhed.E "i 4

1. w s ,

hlIp207 hK4%f$ i '

. p# m &"

' linifbihs sp+ m.g~ulist$M(dstiffeguireditEMW

.. L lp yggwggggg w. w . ~ .. .

v g.

k $hy '

pf h w "

.2

- > Wen %wy' * < <w < u

' %pgsw ' .

4 w .,

%Nu h e Cf

? ,

m;  :

s c . MN WWm d W'W n 2 n

'f x

4 mM

• ?

]m w hy N 9 t+-.v%y%}p q.

r g

h !qq LQg

^ 9 n

hw e:&nf 4 y

%m%sMMMi WK%M  %+aw yupm@ $eh $ k hfh h f?h a Wn$$f kbkh$Y N* ,i$ ,h N @ w+ w ga$khh,$Ikkkkhhhhhhhhhhll h Wh .

WQ'n W I k k m*e e m e m m m v l 5 f

L qg@;FQQMpfQQWgggpg  % w wwegg%gv u. ff ,7 , ~#.%m JC Jya mm l

3:%+

ww

.+$ , ,

& w fp k e-e dia4 m" 3 '

~

'f[ i

+ MYi

{g3 ,9. Midhnl6fhlredersjMp$fW[$%-qmy ahh t Ckm $ g6 ' -

2

,i

'y-s

>W .. fl2%g%Q . d u 4

+ f hhrt$w l mlihseg -

s ynMw&e why g w'9:a2%f m mr M{-fw& ., +w '

1. hf&W i a

e'  %% -

e c

x: . >, >

vg

~

. ;h.h 'lyg h' k' 2n',d,? .N'. ' ' t N' MU 'k!

. - . , lggd' n( .-gygg w .n g @,+ g h^gdit3}%c m .-

g7h)hlC0Kb.,MtfitM,k.M,kgg{ppp

1. [h

@ $ f k, M ylf%fikNFPT MjW})f(3[ '*< >

+

6M ' * ,E - +

i

$ + '

$$ntWildhhi%

Qh@9@w$Mbahspi@pEsoh dMsMt9hdid1$adth -

m

~ and m 7?<Wotikhalyb$

sutO(lidy w- na

%nn gdw herpald-ilit2pi~t;d,w ~ifDa~ysidtanTor:esch4f thtithnt 'N s:#

s why9t c dis w w -

r*

~w efw (dw$NkHnMtygexpresserdrpnntion60sshnci4 NMM e en c = emenc g 1

-0 c-'sw=$ <

vE # e @ m m e n n u mar e n v , n .,

kh h hhh!MhddhbbtkuditNd Ukhkl kllhcs -

- M

. . L "' , x &

x .w e M n%n%%aianduuaukiuswe%ewi6w 'Fnsuusm amaskeewen %

n . - '

4 keggwhether the Ansvid strienetttWe freesiinsteriahn!sstr,.eW esamanneeagemswwicssgene .

x. ,

m .,

,u h

p(M$gg$$psin@tkusnisiddWhlk $inaatjts# ' 't %' "

,4 , ;

%gg nentsh saanaea@cantw@emuebranvemew*t ao@@nWWhiny y& 'm sa MS M

d. P%m%@desdatsdthe kMsdnablebasES oveMl i i

finh41dstsment pretentation

'" c '

4 W4 Wa scen eneown .

. Ty w@$4@@MWthdlMasditfR$aeanse&<spind M

N -

l T% .%n 4

N hkd_Massythniane_%iungbtsadummiastsg

~

e n QN h It$ h$ opCfMhnh SidNs C8Sb BOW $'h CSchb b t N hhhtlNIIkf5hNkl5bph_f!ddftgrsaas,emberMtWfic6h; >

.' ?'-&

x L

, p- '

.. W h*%M .

o awm - n --

h .kN

- ~

$ph p ~.h k

$h e v *h.

Mdwaedin Ns6fftts fWei$stsshent theMui f , dl@'d

'i% k O%h%@rfUnli2Minstlyh5fthle0dibhtfa(ltenmes[M h5dl iJ J 1 ., -

i b_

y% QEtsing' - .cosWshh&idh_ie annis$tsi.sisbWuh mu

,'q, u- -

Wg%wp,m U.6,s nit1 4.h,a_usethe'Compan,tbnif(~ Di,W ,

~

y6 M ig #s JC um y N - merk,a,n_d tenntnv~ m.me ion. bit ~m

~_~ . .m g,

• N - - - -

N 1 ir

'1c

• c, ed % @#ghxthx_(otNr.f_tintta_ys(duwed#n_dlitemwd_l#

m _ _ ",' >, > s .

s '

c- WSM,f*Y' m j W- oE bD3Wh3f t%!cfA a tht(n{MjYJayilnVCstmditn WW he (to:htrAe6 ,

~g

. f

%~y=? ', ' w

nn i

g% @n.q&wnqe NN m yN&nN O enm Me abN' e &' w m ,. '

u_ + . , >:

iM d hhd M

'y

~

fhfh

^

t ,

n-- u". %r , ~%--

ws@mkTilUR

$ Mo %ya po

~% v n mymmam m vy-u v 4n+ AKbERSEN k h$

+

• 1 b

&t0F We '

D" '

i td 1f h g1 /

1 nd[fiW Wh ' t1 y R

M

&e

$w$@ff%,NhMhC@[M .

,8 m .

d, k hh h k (4

• h / 1-hY ^

c 6i

g

'j $my$$ y] l$R@ % 9 j hk s

" me . #

k

(( +

qw%k

.%wMyg s hkh t w,' d' ~W 3 ww4 W,,,Jmpn yyM m- wc -4 s ,'

gM(W ggg -

5 t4 n,-

v Wi *;4

&h - k; p .t)o f

-10 .

n : < 1 L j W&

%e [hh4 5

.N

@w %wl - wo

                                        - g                               .
        -M               ..,tf.

O e890 ,

        %a Wi nbw y$N[1,htW,                                  % w
        -$5[!5$ m $i h @h _ * " b_y ' v _i     '

_- _ m

BOARD OF DIRECTORS MANAGEMENT OFFCERS

       - II. lYict Burg _           _

CHANGES Justin T. Rogers, Jr. Semor Vice lhsklent and Chief Channan of the Board iinancid OfDcer of the Onnpany's in June IWl,Itnn Ibweri parent. Ohio Edbon Ownpany, luard of threcors choed Robert L. Kensinger

        ' Akron. Ohio                        Robert L Ktminger president          President 7

of the Osmpan), sucurdmg Robert II. Carlson James E Markle, % n urni after James R. Edgerly Reured formerly th ,ident and 0 years of dhtr , %dseruw Vice Presidetit, .%tretary and

       - Chiel Euruuve Offktr of                                                  Cn11rral Gioidel g

linnersal Rundle Corpmtkin a operatmg officer and lhard plumbm;t future manufxturer,  % lillam I. Recher tnem u ompann pamnt, YKe President Nv Castle,itnnsylvania

  ,                                          Ohio E*Lson, was electal to the Coinpann Board in August IW1 James R. Edgerl)                                                         Robert P. %ushimke                      )
           \ ice president. Secrete) and                                           Ykr l>rtsident and ' treasurer General Giunsel of the Company,~

hew Castle, Itunss h alua. Angeline Comparone Assistant SecMary Willard R, llolland President and Chief Operating If8"CI8 A I""""' OfScer of the Company's parent. AsMuu Tnwunt Ohio Eduon Gimpany. Akron. 0 hic. Clarence 11. Kauff. man Assistant Treasurer Robert L. Kensinger Mr Rogers is Chainnan of the President of the Company, luard and Chief Eurutne Officer Nm Castic,linnsylvania of the Ocup;mp panm Tiu' prinopal employinent of all other JmePh J 5"wak ofDeers is with the Gimpany Evonne Vw Presh!cnt. Opersions, Cyclops Industnes,

        . inci a manufxturer of steel
        . products. Pittsburgh, itnnsylvania Robert F Randall-                                                     RfGISTRAR for

- Prtsident and Chief Estutnr Preferred Stock

Ofhcer of TRACO, a manufacturer Integra National Bank / North, of aluminum windows and doors, uashington Centre. New Castle,

          -Marrendale, Itunsylvania.                                               linnsylvania 16101 lH7 William F. Recher .                                                   TRANSIER AGENT for Ykr President of the 0;mpany,                                          Preferred Stock:

New Castle. linn3ylvania OfDee of the Oxnpany, New Castle, linnsyhania 16103-l6n1 justin T. Rogers, Jr. Chairman of the Ibard and Chief PRINCIPAL OfflCES: Executive Otfart of the Company, i E Washington Start New Castic,icnns)h ania, and its P O Pox 891

    .       parent, Ohio Edson Oimpany,                                            New Castle. Itunsylvania Akron. Ohio                                                             161nin891 (412)6 4 5531
     -      Douglas W. Tschappat.                                                   Pennsvivania Ibwer Compant is Via Chmtman of the Ibard of the                                        an niual opportunity emplovbr.

O)mpany's parent, Ohio Edison

         . Company Akron. Ohn OtRECTOR EMEFUTUS G. Leo Winger                                                              [h Pnn'ad on Fi*cVcd PSP

e1

                                    ' 7,, % . . ' , . :.?                                                                                                                                                                                                                                                                          S; L y .                                (~             lj- ',<                     !. ,                                         ..                      .;            ,.i,,f,,                                                 ,;>                            % .e Q:'. i. . ,;:4',. . , . J ' T ,,
 .w? '. %*                                    .[.x;: ' .;y,.                                            . .':Q           w : ;;.{'f ,. ;. ? - Q fyf M:f.$?.gf,                                                                                                                                         w . g. \ ,,':                          : a.;-: y.yp                              ..;,pa     ; .,.      %"l      ; . .g o
                                                                                                                                                                                                                                                                                                                                                                                                                       ; w:. g % , .,, , ,.,;,g,.                                                                                           :,:            n .,,%(, ,u#(.;.9' .. w.;.

i:: ...: q v :. . .,',. .;; .9: : s s .. < . r;. : ;.:: :; ,s. ; o... s . ., v . m %s. :c

x. m .: h. a..-

e. .' . :. . . .x,  :. : .y . "7.:?

  - . ..d,.                                                                     - ..                                     .
                                                                                                                                                                           .. :. , v.,.                            . . s -

• j . : . ::-. s-e. . . ,. . ., .

                                                                                                                                                                                                                                                                                                                                                     ,a .
                                                                                                                                                                                                                                                                                                                                                                      ,y..,...,...c                                                                                                                                        n .. .....;...,.m,,..                                                         -- .. .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            . . . ;. , :;> q. ~ . .
    .. . . :.. :                                              .t               s........                                                                                                                                                                                                                                                                                                                                                                                      ,

n,

                                                                                                                                                                                                                                                                                                                                                                                                                 . .. ,                                         .. .;*.                                                                                                                                                                              ?                                                        - .
 ' T'l$..l 'f.$' ?h,. %..

a. in:.,o. ,kkh n&;., . v. &,

h. . . .c, yn .l5.'kg.f,.7.:, k _ ? ;? ,i _. ,.

                                                                                                                                                                                                                                                                                                                                                   .y . ...x,v            E

rl . ' .9,,l: ,^.h - .,lk.. >.',U:.f(..' ..?g .?. . b.[ ':.l

                                                                                                                                                                                                                                                                                                                                                                                                                                      .. :.:[n?          ; - >.. , J.U(                                                                                            .- ._;'                                 l:;                                        .             -:?]
                                                                                                                                                                                                                                                                                                                                                                                                                           ., ;.;p
                                                                                                                                                                                                                                                                                                                                                                                                               .m .
           , -,. .w. . y.,.                                            , . . .
                                                                                                                                                                       .n.:, . ,
                                                                                                                                                                                       , u,,,      ,.

r. .

                                                                                                                                                                                                                                                    ;,e.                             ., . '. . .t ; ,              .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     .,a
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   . . ; ^
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ..              ...p
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    *v..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          -     n:'..-                         *                                             ...c.
                                                                                            . .,....t.'9                     .:*.,.                                                                                                                                                                                                         . q s.                                                      s
                                 ; . ;,.,,..                                                                                                                          .-; ..m $.#.\                                                                                                                                                                                                                                  . . . - . - . . - . - + u'. .'s...
                                                                                                                                                                                                                                          .e...                               ,.                                                     .                                                                                                                                                                     .
            .s..                                              .                                                                .p.                                                                          *+                       .
                                                                                                                                                                                                                                                              .w                                               * - -                                                                     : .c

n.. . y - . 9,. ;h .;." ~.,. . .m ;v a, .>. ., n - y 3. , ,_g s

                                                                                                                                                                                                                                                                                                         .       ..           g        .   .'    .     ,     .      s
                                                                                                                                                                                                                                                                                                                                                                                      .         .     ,.3               .;         . _                                                                                                                                       ;.: . z-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  .q . .,.(_

n...2 . . . . . y. . . p:,.? . ..

                                                                                                                                                                                   .a               -
                                                                                                                                                                                                                                                                                                                                   .   :   ~.-:        -    .      .;     .   . :          .     .        u          .      .         ,   ._
                                                                                                                                                                                                                                                                                                                                                                                                                                                           ..       m;     ..        : y       ,       .  ,'

** . . 'e3 . . . ,"e . . . . 4. ~ ' :',- _

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                . . . . ,a ,..
                                              .3
                                          . . ..s.. .. .. ... . .> . - .

1.. ..,.2 ....,>,.t,.., .. .,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                >         .        c.        ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           . :    . p      .       .,       .,         .:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               . . ~ ,,....                 , .4.,...a.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -       .          *       .       ,.         .. .. .v.-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       , .,. ~ . .
                                                                                                                                                                                                                                                                                                            .,s.. . :s. - ., y .. ......,4.                                  . . , ,~.. ....- ..,. ... . -... ,:,,,. .; . .,
                                                                                                                                                                                                                                                                                                                                                                                                                                        .m...,. ..>. . . .. .... . . . -;...,.,,,,,
                                                                                                                                                                                    - j> i .. . . . 7 . :<.a                                   . ,,. .. :..                                                                                                                                                                 .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          .t c.,:n                                 :.. . , +    , . ,.,             - : ...;'.            . . . . g. .s. . . ew ...
                                                                                                                                                                                                                                                                                                                                  ~.                                                                                                                                                                                                                                                                                                                  ...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       . ,...i                           .
     ..,=.9J..-                                 A' ,. s$'1' t.# ;* .,
                                                                                                                                                                                                                ...x.
                                                                                                                                                                                                                                                                                                                                                                                 . r. ..-s, A .

5...-1,,.,,. . e.s .. . ). - ....-. ,. ... , , . ~ .

                                                                                                                      ..                                                .'..;aeJ,,**,                                                                                                                                          , . ' '                             '.     **                                                                                    '

r- %,,.. : , . . . , .. ., ,.,.-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       . ';.s     ".'*., [

e , :, - . . . - ..

4

                                                                                                                                                                        '*'                                                                                                                                            ,'.'*                                                                                                                      , , '                                                                                           *,      .s.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    . .x'
                                                                   'y..                    *.A,
                                                                                                                                                                                                                                                             ,s*                                                                                                                 . ., ,
                                                                                                                                                                                    . gj                                         ,;                    .                             ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                '       /.
            .r....,.                                                                                                                                                                                                                                                                                                                                                                                                          _ ..,:.;..'       .,.,'....7:$' (- ~*..s:           g/  ,*,':  h. f.-, 't*.                                        .we.                                              j.  . "
                                                                                                                       , .                                                                                                                                                                                                                                                                                                                                                                                                       h                                        *l
                                                                                                                                                                                                                                                                                                                                              ,. ' ;. ,.,,._ , . . ., J,; y ';. .:...Y."
                                              , 5s                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             , .':
                                                                                                                                                                                                                                                                                                                                                                                                             ~
                              ;                                                                                     . .w.s.&y.r .. . .                                                                       ...:', ,3 y: . '.'^.,'ej.. .[. ' .Y .** ...                                                                            '.. - 6                                                                                                                                                                                                                                                                                                                                     . . . ..

a . . . , . ,;. .. a ... s.

                                                                                                                                                                                                                                                                                                                                                                                     . . . . .                                                                                                                                                           - A                                                  ..
                                                                                                                                                                       ..                    *T.,
                                                                                                                                                                                                                     .              '[ [                                                  . - ..
                                                                                                                                                                                                                                                                                                                                                          . .                     e'                                 ' *,                                 1,**         .' .,       *                           .,,'                   I                                      * .-                             .' . ['                                   .                         .

(' ' .

     ~.M{. :.y' .y.3.:g.y*
         ., b* . l .' ? , .
                                                                         $,e, . ~ - .
                                                                                                                                                                 , ff Ns A..fl*r.Q
                                                                                                                                                                                    *a
                                                                                                                                                                                     ..               . g g ,% v s y f . p.' ;_.m
                                                                                                                                                                                                                         .           .*e                                             . . A                                                         . :. -                                ..

l'*1 ." E,

                                                                                                                                                                                                                                                                                                                                                                                                                      ;. g'gg.y;.
                                                                                                                                                                                                                                                                                                                                                                                                                  *,i,..          . ..
                                                                                                                                                                                                                                                                                                                                                                                                                                            ^                     ,*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                          . .'\

g. .;9.b v. ?t. '. j:',3 . q' Y * .g, +g l ,ll.

3- - - - g 4.

                                                                                                                 .[                                                                                                                                                                                                 ! Af                                        A .A.'                                                                                                                                                                                                                                                                       '.b .: ~ ' {.f '
         . , V .,' : .                                              .Q ,' .
                                                                                                        *s.

is -

                                                                                                                                              .s%
                                                                                                                                                                                                            .'.'*<R3"..'.'..' 'J; c , 4.
                                                                                                                                                                                                                                                                                                                              .               . . . x. . . , p . ; .
                                                                                                                                                                                                                                                                                                                                                                                                 ; .'. .';                               . . ' ' ' ' . ' . --">a.

u. .  ;

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ,y,     W
                                                                                                                                                                    *[I**

W

   .' ', ' . . . ' i.f   .                                    . . ' ].  ... '. .(,~,
                                                                          * ^l -
                                                                                                                         .  ..t ej
                                                                                                                                    *i f.,     '   !....        '    a        '
                                                                                                                                                                         .N, , ." G.( , i..
                                                                                                                                                                                                            -i.?,f.'.'..**".h^s'$...,-
                                                                                                                                                                                                                                                                                  ' ' , . ' ..'g',.
                                                                                                                                                                                                                                                                                                                       ;&,             ;     . g
                                                                                                                                                                                                                                                                                                                                                ** ',.     .,/,/
                                                                                                                                                                                                                                                                                                                                                                              ,,         .   ,    ...g    .'       ..i..;.,-

t.' ', J l t . , J [.

                                                                                                                                                                                                                                                                                                                                                                                                                                          .    (     *,       g
                                                                                                                                                                                                                                                                                                                                                                                                                                                               .   -    .  ','.i-             j i-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          *..      4          .,'hT*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     .                         '     .       ,' "...;s-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       . ' #f,. . . ,g,. i.

e 4 . : 9*"[..f ..?S'

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ,' ;r

s. % .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ;G. *w,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              .+l .* ; 'c;. .? . , , c
                                                                                                                                              ,.*Q.,                                                                  , .~7. e,,;,**                                                                                                                                   }                                                    t -                                                                                                                                                                                                                                                                                       ,4.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   . ' .n..

l.'. .; .

                                                                                                                                                                                                                                                                    .0,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ,* .>- - y:e,                                                '.f..,,1 . .
                  .:,: ... >, ' . , ,,.N.

v , 3 ;. q7.

                                                                                                     .(- t:.% ,,sy.L                      .
                                                                                                                                                . w .: ,; v,
                                                                                                                                                                            , . . b y.e ,, s #
                                                                                                                                                                                       . . , -               , }\ . . ,j. ~ ,;;ey. ,,_' . .

s e

                                                                                                                                                                                                                                                                               ..t..'
                                                                                                                                                                                                                                                                                                                      .s,,.
                                                                                                                                                                                                                                                                                                                                           .../.".',,;
                                                                                                                                                                                                                                                                                                                                         .c,-            , , . - , .. .q
                                                                                                                                                                                                                                                                                                                                                                                         . ;g ,~,.e
                                                                                                                                                                                                                                                                                                                                                                                                                                         . _. p  , .. ,y ; .s at;s j j/.,j /, .. "s.e.. . .../.

s ys y

• i , a; .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               ,,,; ,. , q, ; , :. -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          .ps. g ,. .?. .,        ,
                              , t.        .                                   , f[,                             - '                              '
                                                                                                                                                                                  ', - ,                                                  , . . *                                                               .                      .,J.         ..                *.- .         ,
                                                                                                                   \ . , ^p '*h                                                                                                                                                                                                                                                                                                                                                                                     i. b ' ;..'                                                                   O: *h, i,D c         *),                          2.kf,                                      '4,,          -

• i " '.? ;*(, $(([' t' ', .., *;;[. .', ..I, -[
• l . - '

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          .c'                          i'( .. l S .

M., ,.. e*h.g*'4..f y' .-,. ,. ,$;a.+.3.,- , . '[ .'eg r' g. .b:,. ;.. ,,..,*c ;ji R . .. . g -. . p o. . , ,. .,,,

                                                                                                      '.- .JJ.* r ,.'.;,,i-,                                                                 s[.

T g, n ;t , .' ; i'/,'

                                                                                                                                                                                                                                                                                                                                                                                                                                                                           -4 ,., v J' , j; *: . , . .,.!,                                                                       ";              ,, p a                                                              v :l 8
 ' .'. y..               g *J                                                                                                                                                                                                                                                                                                                 u,,.'; , .,o..
                                                                                                                                                                                                                                                                                                                                                                                                                                         ...~,,'..,...',;A.**a.
                                                                                                                                                                                                .,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1.- x.,.
                                                                                                    .                                                               .. .j ..                                                                                                                                                                                                                                                  *             -               -

s ' .. s.

                                                                                       .>:.'. c ?,;m,- > sr :                                                                                                                                                                                                                                                                                                                                                                                                                                                                    f.,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      . y      ,,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     -.                                  .    .       y%                     :'        q          ,      .p;,,                                                    -
     .                             .7, .,        . . . ;.. 4                                         y a                               s
                                                                                                                                                       ,y.*.                                                                             rs g"n g. h,. :n..,.                                                                   3                                                                                                                                                  ,.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             .             .,                                                                                                                                         y                     -
                                                                                                                                                                                           -p. :., , 5.4:4.;,=e.;. .,y.

s. e. .,.- ).,W.. g n.  : .1},i

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 .# 5 g .. ,,                                                       ',               ,,.. , , .

s. ...- t. : ,,.p.

                                                                                                                                                                       , *i
                                                      > . .'s.,'.,.,'..                                                                                                                                                                                                                            s. \

e n .,..  ; e.. n .\. ,. ;- .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           'fy,-'s.J,.
                                          ' . , " ,\b. ' " . . . , , .7.d. ',,*.. L. -

n. . .,. :. ,-

     , .;, ~-.Q...t.....i
                                                                                                                                       . . .                                                                                                                                                                                                                                                                                                                                                                                 c.       *.t                                                  ... .. '                                             .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    .,.,c,.u....,,...                                                                                               , e t,"[                    V* ,

J 4 ' . , . ,$+ 4., tc ;" . , . = . .  ;

 '.'"*..I. .$, ' Y.,' Y h.: '[.,. ' [gC . 8.Y..'-.,,E:                                                                                                                                                                               Jb .d,               .9 . ..,.

I. .', . ' ), ' ' [f , '

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 .r l *   ' 'i^

a ~ .s[r, y ; pQ .l '. :.*:. , 'h.2 h 5 l, .0 ' l:q'

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 .h:.'.

. . .n., .f,. G % >

7 ',. ; ; . % '.; ' p s ,.. r'. .o. r.. , ,: '. . k -:.. ... -. ' . .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ?

c. .' .s .&. ., z . . .  ;

                                                                                           . $ . J., f                                               'I-                    '
                                                                                                                                                                                                                                                                   . ...                                                                                                                                                                                                                                                       (,                                                                              ,. .                                                               .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       'N =':. . . ;-..
                                                                                                                                                 .n u .~. ;,,,,w,.sq
                                                                                                                                                                                                                                            .,, '. :-* p
            .'&.i,.            .;..:                    .         ,*
                                                                                                                                                                                               ..                                                                                                                                                                                                                                                                                  ..                  ...,...t,                                                                                                                                  w;.1 ; . .;..
                                   ,,%:,.                  .       <.            .      .    .      ,    .      'f.        f,f,          :     e.         .        . c.,,;.,~,.'.;
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         .- ',.....;,..                                   ,, ; . .,,,,             'd. . ,                                           ; ,.               n ,;>                                                . . '.
                       , ,. ..._.3                                               ,-                                                                   >          },    ,
                                                                                                                                                     . , . , . ;p , , ,, . , . y , , ,6  -      ;.      .    .,fe               ..      y       ,    .r,          . a    y .,m.; ; 'Jl , ,.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  -             ,a-            a
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ,.;. ~ ,

q . , .3 ,y, ., vg .' Tg# I;,: . .

                                                                                                                , h [. j d'.,";?.',,                                                 .'.' ." .b ;                              3;;        ,gy * [                                               9, .- f
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               ' . E' /,f,$ ' ;if ,,                                                                      *,'                               .'                 I' .
                              *['.*'                                                                                                                                                                                                                                            t,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    . ..';,               , y..'    , '

y .,,. .. q' J-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       '^           ; . q ,' . .;y.' .q                                                                                                      :

3 ,- .; , . ,l( *;.). q..Q:k,f .,: . . [ . l

  ?,lly*

.f  !.

Q, sk.l.?,'h.'$:??f

                                                                                       .A ..,' .
                                                                                                                                               . 4f . 4.:g- , .                                                          g ,j Y, g j.'WSl,$b[. ,v;.Q;$f .

g g ,.'y...,.

• U *. s , 4,-5&*1!?. ,f.. " ,..;'f 'h...S.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    .,             e.g                                                                   * ,                        y., ; .          .s, ,..,.f.*                                          . .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ?

[' t .v..;.c._..- Y*'4,f f,i a t 'c 'e f' ...,,':  ;) , f

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ., .,,e,3 .' ,. ..c,                                                  j[ .!..:...:           g I ;; ; **                                   ,, ' '-;

u

                            , .,. N....e               c; ;e- *.A}.y.' b. p,.,.                                                                           .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              , . . ' k .[ *f.

y ,. * *. ,..? j l .' . , .....p.'.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              . s.
     ;*""'.e,.
            -.- *W' .N. g .s, y...,s....7.                                                                                                                                                                                     ' 7 .i.Ng j Ge. ,i .
                                                                                                                                                                                                                                                                                                      .,4x,                                                                                                                                                                                                             , . . .. . . .

T.-l.;.'4 .3g...,. ..

                                                                                                                                                    *: f i X l s . . . .". ??,;,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ,p %             **                                                                   't ' , ; :.
                                                                                                                                                                                                                                                           , ' , . 4cy
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ; , . =. ; .'t t,
     ;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         . . t 's.l        .,J..    .                                                                : '..8 9. - o. , n.
                                                                   <.< .3,
                                                                                                                       .y .v,.              3: ' n . : . }. ' ,                                                                                                                                                                                                                                                                                                                                                                                               -.                                            -

v w' . >_ :.%. '.y,.gu .*. .~.a ...g.. >. 9. .=f:  ;,g.. .. ; . y -

                                                                                                                                                                                                                                        .. ...s...s ,; .n.f ' .: ;: 3.g ::, .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               * .:..;.. .,..                            m ,. .a;;'

v.; c :e r .  ;. , L;l ,:  : e . ,s..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          . ' f,
                                                                                                             ,;.e                                                                                                                                                                                                                                                                                                                                                                                                                               ..                                  ;y                      ,.e                                                                   . ...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ; t -:;.. , .' .,.                                            . .-[*f','c'.                    ,.@.'
                                                                                                                                                                                                                                                                                       *y, y                                                                                                                                                                                                                                                                                                        ;.'U., c;]s. . .,. .,s' .,,.m.                                                                    , ,.j

(. [f. . d. [', ,g *.. i,~* g . -. . N ,/ . ,'i4. f. c. ,, ~,., c .'.; . ?TN;'j . . 3.t' . 'M.,*-(-

                                                                                                                                          . . ,. . , ,f ,. b. g . . ,. . . , ? . ', (. f ",,y
                                                                                                                                                                                                                                                                             ', . gg                                                                                                                                                                                                                                    . . :
          ...*',   u
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      . ; .. ,.., ., .... . . . ,,3e,..',.... . , . ,,,.- . N. . . ! ,

g *. i; . : . , . e, ...,.e',,=,* . - .c.*

                                                     -.                      q,                                                                                          *.      .     ,     , . . ...r         ;, 3'O,. ?) l...,,.,s
                                                                                                                                                                                                                                                            .       .,,'._,,,,4,.                                                                                                                                                                                                                                                           ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             .m,..;,.
                                                                                      , . . ,g, *,,g *,.s

g.  : ' f ., . .

W .L . ,* g. n..

                                                                                                                                                                                                                                                                                          .i .y 3                                                                                                                                                                                            * , . '%...- d , . ..e
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               -ie           '-                                                         .., .A g                                        .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        -\ ?-              ,, ,'   '     ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ..f
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ..~.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    .*-f,,

K' .k. g .u, \ ; . ,'. ' ..T y ;.4?..: # .'  ;  ; .' f,.. '.f: - ,s * , l'

                                                                                                                                                                                                                                                                               .* Q,*..                . ..                   .
 '

• I ' }c , ' , ;Y,'/,., g } ./ 3: * ' -; ' ;.

                                                                                                                                                                                                                                       . , , ' s
                                                                                                                                                                                                                                                   .:.l % ' '. ,l , .^ **e ,;

k ,. . ., ';s ;,. '.;' ' '*.-' [.';"',!' '. 'l .'

                                                                                                                                                                                           ,.iM+,*.-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ,y           ' '.g                      ,                                        ,
    }s'.y*.-[..

l .'

                                    . _ . ' *,.,* . r. . ~* s,; - - [,.,g"-3,
                                                                                                  ,? . [,                                                p ; , ,. . . . ' ' , ' ' , ,J dj.                                                  */..                     (- o .. , .i.                                                                                                                                                                                                  . ., _l               ...:.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  , , l ', .* / ,'                                         'j-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       'd ..; '; .' [ k. .. . 7 ,.     ,.
                                                                                                                                                                              / , '. '. .,.......*.tp
                                                                                                                                                                                 *.                                                                                            f -
                                                                                                                   .                                                                                                              a.,t
                                                                                                                                                                                                                                            <,.'3 ? . /' .."k. ..

• y . . . . . -, , . - .#. .;% ,;; , . ,-%.,z .; -t,. 'e

_.,.,g...e,. y J,,. -

                                                                                                       ,%.:n' .'y.q:; :y,.'4 - ,:;                                                         .' .;, y' .. *. ,:
                                                                                                                                                                                                                                                                                      ..              =,$.                                                                                                                                                                             1.,

,,.d, : :fa.s. 4 .* - y;f.. :,,,:,

g ,, . ....;,,, .S.-

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               '..                             'J
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        . ..7.....\'._.,.,.,,a,,
                   ,.. 6./ p g-                               - . * . * - ,*,..8.4..                                                                     ..n..,..                                     . .,, . . t .....'..*e... . . s.. g:, . 4 %. * . .                                                                                                                                                                                                                               *' -                                                      -.                           .g i . (: 3.                                1 ,.L                           . . ' . ' .:.- . , . . .
                                                                                                                                                                                                                                                                                          .g.. , .- -
                                                                                                                              \                                    .g                                                                                                      4                                                                                                                                                                                                                 . -                                                                                                     .                                                                               .                 .                   ,.6 e: 3 ll : . ,' . l ;                                                                                                                                                                                                                                                                                                                                                                                                                                                                \l I; ,{. ' p , '.. l .,iL.f                                                       s.
                                            ', p. y. ., ;;, g,.y.,.', ' . . .

T .s?l,# ,..( [. h.N

g. . ,. , .5 t. ' ' .' , . [- .f.. ., $* y \

                                                                                                                      -J ,;hlc.   ,

q q .. , i j,. . ; ,,'- 7. . $,% . ' lf;,e .c..*, 9,b ';; ? ] , ,, - l:; . 4 7, , ,, , . , g. ,' . . ) , A.,y

                                                                                                                                                                                                                                       ;. g g4
     ..."..,..is.                   .
                                           ..::           ....s                              " .- . .. 3 ;! .'
                                                                                                                                                                                                                  ,,..,i..,'.,ep..,.;,.y..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ...e*,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       . . s..,...s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   .g, . . e = q f' f .,.,,..r,                                 '.. ;,.t . ,c 73 e ., .. . .                  ,                           .                         ,

s.: . * ,.s.\,.,,..-t,.,,.,v.* ,.. . . . n.

 *g. , .                                            . .
                                                                       .;;....4.....'                                                                  y.              s j.l, . g.

v . 3.., .o 4 *:. . ,,;......e.,,.'

                                                                                                                                                                                                                                                           ..:..,.g.s                         .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ..       -p.-       .;                  :                   ,<S.p.,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  . , A: - 4 , . . , ' ,'f
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                .                                :       a..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    .....t.           : ,'t.
                               ..'**                  .. . * /:g..1y #} .'p < '.s.>                                                                                                                                                                                                                                                                                                                                                                                                           J$ . _
                                       . .yn :'.,;4                                                                               '.i e, .
                                                                                                                                                                     .,..:_'.q;.' 4 a. .'-,-, '. ';l f .:.                                                 **;. ..,                                                                                                                                                                                                                             J                                                                                                                                                                                              . - ,.

gi .'..'._.,t.f,",... ' i :.'. ,* *'.,% % >.'A . g (:...,,....') s ,.  ; c ; ' \ ,y a ,g . l . . , ;' c . ..,;... . A- ;m..'

  ;..i.'.
                                                                                                                                                                                                                                         . _...'. .. ,.v,         .* 4,;. ., -
                                                                                                                                                        *\ w..   . ,. . y' ,g y.
                                                                                                                                                                                                                            '  (.:
           . . - . . ~.s . j ', !t *, ;;.
                                                                                                                  .c -. s,
                                                                                                                     =.**;..'&,*'.;...:.                           -,.,. :* -. . ,...,)                                                                                      ,.,...,!.

N * ;: 'm

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              >.c.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      .f . ,. p., . :                                                                                               s s.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 . .= ;,.,:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     *-,,;'N,.'

e, .. = .. . n' ',J..s. . ,o; p. . .d,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            * .,                       ,e                                             ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ,'s        4 .. ' i ...g.
     .-l .'.pe h. .f.r- ' .;% ;N' g .. . i; y, '; .**, g                                                  *                                                                                                      -

P *

• g, ,,.;,, ,' 'i .. .' . , , ., .n , , -..; 0. , .t4.* ..",; a, 'h.,4

e. '.<, f j ' .: '. 3,1. , ' s. . .; c sc.,5", . ;J ' *:1'h.p' g ..gc,,,g *' .a..,,37. '..,. ',.'

                                                                                                                                                                                                                                                                                  .gy                                                                                                                                                                                                                  ..(, jl.

4 .t. - 6 .y

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ,t,, . c. ~. ... . ; . ,.,3
                                                                                                                            .s e ,; .?.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ..f. .. f. . .., c . , ;....4..                                              .
                                                                                                                                                                                                          .. y t ,.* .y:                                                                                                                                                                                                                                                               . , - . .;...2.,y.
                  .*,...,.,,a14 .:%.c s.. . fr-                                                                                                                                                                                                                                                           .;                                          ,
    ,,,3                                                                                      . . . . e ,. .gg-...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ,. .Q,.                      *.       .

r:

                                                      ~.f.  .
                                                                             . ' '.: ; m .. .                                                      ' W ; '.:$: . . , . s,
                                                                                                                                                                                              .          a ',' ,. ,A,      . A, n.      : ,...\.;...,.<.s ~ ~                         *,,s'         -                                                                                                                                                                                             . . . . , v .f.*.s. . : f.. :..:.                                           .: .*.lo-M .'..2..                                              s.8 's .~.:...s                vi                         ..'. .:       . . 3. s, 7.. b . 7 .. i. >. *,- [c c.j,f,..'[a.c                                                                                                             . C ,.(g:g                               3. n. -.,                                    . j,. 7...f7.,.6                   .] .r., 7. .. . . , .                                                                                                                                                                                                                                                                               ' ( .. .,'c.,
                                                                                                                                                                                                                             .' . .W                                                                                                                                                                                                                                                  1, . .N.; ,d.                                                                                                            (: - . .;. ,,.                       .

l

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  . . . . . .".- ,'.. ,#l"h.0                                                                                                                                d        s. , s. ... . .[. 7 h       .'     *         ,'p s..
                                                          .p..
                                                                                                      ~ . .
                                                                                                ,.-....~,                              .

y

                                                                                                                                                                                        .c,   . . . . . . . . . ; m,:, . .,...Q.

t. ..

47...,*~...,.,.,.., .., , ...,:. .. . . .. - , - , . .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       .s               4
                          . h. i 4~.: ' s'hch                                                                                                       ..d                                            .h* [ f ') ' .                                                 ,

(.i.h'iD .[l3,hlI I.i .' [.' ',1,,'*,..; M*M

   - M N.pl dd    .

7 . . 4D- ,,.r. M...,,.U 9- , .c

                                                                                                                                                                                    ,. W-   ...spM ..-f'                       $9N.h[')M., . g~<.w. .                                  .. wi .. ; fy.                                                                 ..q i. V,..,, g . m J ,, _n, . n t..              -                                      .ca. . .,st.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             . M. . + - T,[U.5.9.n'$,                                                  - ,                                       '. .                                             :.:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  .,%,.7-J4                      M)hi. . d                                    :

[.h. [. 7: *.  ; . . ,. ' '.; ,, . . .. ' . . , '. . .I;,*, .

                                                                                                                                                                             * .                                  {                                                                                                                                                                                     ,

h yf , .. ** , . . -. . + - , 0P....* i g , ..v-g' ..

                                                                                                                                                                                                                                                                                           .o             ,,<..,eg *f c,y.t,. . ,* .<. .. ... , ' 'p:. . . * . '\-e.r                                                                                                . e                                                                                                                                                                              x3 'b.(.    , 4,t . Q. s .'l.Q
  . ' .f. k..                                        . e.. . -

• wp., . .W .A ,.i. %.. 3-

                                                                                                                                                                                                  . .                                                                                                     *, . ? -                                                                                                                                                                           <
                                                                                                                                                                                                                                                    ,. .                                     r-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             .>=.<%.               -<vf                 . , :3. n               ,$   c ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ,,'3.<
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       . y.* +r i- ^ ', : .; : ; , y + . . ~ .
                                                                                                                                                                                        .                                                                                                                                                                                                                                                                       : .,.l     .      .,i .                                                                                                                         ,
                                                                                    .h,. - k')                                                      .h h.$iY*                                           .U. ** $                            'Y ?. .E                                                                    d.. .  *. f j e                                                   '[o*,                     s;l                .f         i       l      f     'b    fl     ?.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           .p:  ?.',.:    $ .n' .,., f : ' ',
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ,$. '.:*,): ? E'*$) .,?.....,..O...                                                            l.1 h,,, %. *k .,9
                                                                                                                                                                                                            $ $y / . , . ., . - .,. ;' .-*.*..""g.'
                                                                                                                                                                                                                                                                                                                                                                             %..f .T '. .t,.
                                                                                                                                                                                                                                        %                                                                                                                                                                                                       4                                                                                                                                                                                                                                                        ?
                                     ..t...'.,;..,-=...'.,.'..a.e..                                                               c .s...... 4 i; '.                                                ' ?
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               , . . %' ' . ;: .%, . ' . ,f
                                                                                                                                                                                                                                               . , *.P,(' j', , ig g i.f., i. . , . /+                                                                     ' . ].:'(.+                                         .y f. . . . . ';4 . 1.g.:. .g.*..
                                                                                                                                                                                                                                                                                                                                                                                                                                                              .,'*j.'*' s+ 23 g'. ' . ,o ,. <,",1' J
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           *'. , '.. .' ,li, g' , *iwsl ;f. E                                                           e
 . t                                              *                                                                                                                                                                                                                                                                                                              .. ,.

f ..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     .g q.'                    +*'                        %S,,,.s.t                                                                  ...                     ;f             .C              *;          r       *Q.",.                          .'        .N                :dg                    .         .     ,     ..            .            .         h.                   .          .       %                     6              8.;

3 3., 4

• f* t ., ." *l. b . "/h . .

                                                                                                                                                                                                                                                                                                                                                                                                      '   '., g      W      b      ,    +/    '      *..                                                                                                                                                                                                                                       . p ' 'c ' {      .
                                                                                                                                                                                                                                                                                                                                                                                                                                        ),k             h.           ,gN,                           ,,           gQ..                            j.E 3

g }p+%..) :kf Qh}.[s ?.y,%.l[ \ l:.} l&l:3..f ):^._);_'].s!- Jl_,.f' *

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ?j..% C.._ , th

{: i,lY.&.Y$ ;&l%: &lh ! ff.'!

                                                                                                                                                                                                   $?.Y $                                                                                                                 i.,%.l..l %[NY. D Q:I Y.T.k l l1. %T,:?. M.:: M'k.l2l.$.k
                                                                                                                                                                                                                                                                                                                                                                                                                                        .V-
      @                                                   5iM&,8&%w.d.%MW,&                                                                                                                                                                                                                                                                                                                                          0,'f:.l.                                                                       };l                                        &g.h,_l}..                                                                                                 WfM.4$ly
                                                                                                            ?                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             b.1 1 W/ W;
      .n w' :n. w. ..                  ;..<
                                    .. :              :',v< .>.
                                                    ..,c                                      w ww: p. .;.w y m. ~ od. .n. . . .

n ,v,w w .;>.W ... w .,, .. w.snwa;4. ..v. m:  :. - e w n,

                                                                                                                                                                                                                                                                                                                                                                                         .e..

w

                                                                                                                                                                                                                                                                                                                                                                                                                      ,;)               e
                                                                                                                                                                                                                                                                                                                                                                                                                                        ...c.,..~

w

                                                                                                                                                                                                                                                                                                                                                                                                                                                       ... s..e y,.,.vA::4 y
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ~..,:                    '.e, .m.swp.         . .. .g      . . .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ~ .,.A' ym.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         . g. ,. ,. m. v,                                                    . ,- n. x
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ?

m. ,;mv 4

s. % y n,Ln } .' ~t , c m . . w. q" .: c f . r.. .

                                                                                                                                                                                                                                                                                                                                                                                             . ww ~ , '                                                         hqv: y
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      . .                                                           -             'n M,                                   . n :M. > a-Wg.h,u..,.                                                                                                                                                             .h., . .h., n*             9%
                                                                                                                                                                                                                                                                                                                ;,1 MM.,                                           n:w".,kNhN.;g,.';kMNNb:

N. - man.f.b.w.M%.3df . ,.. Q 4.y$y. $..,k..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ' . e w   ..,k...h.            t;, .9[.s               .'# i . h. ,.e.

yhhh

       . . .....a.                                                                                                                                               p-                                                                                                                                                                                                                                                             -
                                                                                                                                                                                                                                                                                                                                                                                                  . . r .%

4 i .

                                                                                                                      ..                                           7,. .,+ wwl.g1             p                                                                 gf- . ce                                                               es .       ~n             .w .                   2.m..                                -A .i r% c-             A . c . - . - < h . > a- 1.' >.s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                - -                                                                         +             . g;ct'. g. . w*       o                                             -:-                                                                 . -: -}}