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.,

..,,.,f '

g*

• sy.

.s o4 6;.;g.,

• *, ', - {

s.,.

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

, e p g &', ;; _.

l} * + 4,',.4',.4..., *., &,..~ y,.i.

.. g.:

' ~

;.y

_,4. ;.

.n..

q

.., 7 :-

. ' ' s '.'.

s.-

s

.Y q

e,*,e i,'

~..*.% f,7 ;I.

>9'... y

,.Q s j,.,'..,: ]{. :

4 J

i a,

.. 'i. A p ;.

g,,,,,

> !y <.. j, i (.

?. k i,..,,.

,,. 3 "

...r

,.,. yh;.; 3 ;t.y$,/

,,'s s

t a

c y

eg. '. ;., ; w.w.,...,' -

. 1,.,. : ' <

. g; ;i...

.e

-4

,y c.,

.,9 y

..S.

'o t.<.

4, F.f'@ P.7 qfy., y.yyly. f ~ '

.,,., ~. -

4...j,,*~,

i j h tt,'.

I c,[ c. -. g ', s c.':

.i..

s:,',. -

?f ' ; f. t, y:4..: q:'*m.,, a.>.y,,%. }.,f...y y. ' ;,*.f 2

. re*

1

.0.

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

.,. '...,e.. :

.?

+1

_;. *i. i..,. ;; j,(.,tyT.-;,;,t,Q

. ':[?:,

ll's Q g - [.:,..{. _

3 :. A *

.. X 3f.

u '. '::

hl l

r 4+

y 4.; 2..t -. %c. #

+3.

.T.-

_ N.t e N.

r L. ',., f..p,, 4. A. ga

-: G * ;, ; a -t ;t.

,., L $,..

t,c ve" ?,

A

. : '. e.,.

......,.?

... %. " p, s.

6?

,g

~.

p

,, t

.s t>s

. s...

4...

)

N

m 4

s 1

'i l}.

y y

~~

f~a

&. ", c {c J.-

s. c.

lV

- s.

• ~..;

.m

-.,... i.q.;

e

..a

..c,a p$

i.'

h-9 y,

,a p

ew

~. 'y

. / :,

(

. wy kb&

p' 4;

-. ] : ?

• y y

yn

?l Q

+..e L

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

e. i $-

yV - v w

a-

.g 1., _ c

. < o,

,a, I...

1),

- i

+<.

- * ~

22. ny oe if.*

m... n ms 3'

+'

.}g i

~

t.

i

- e fh.

.~,,..

^

o t

. oo

~,

,, s

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

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

s,

.."c

,c,. t a

o

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

4.

s

.e..

.p..,... %..,,,,* a 9,......

g. e,, p

..a

h...

4 3.,..

.f,_l[ Y .(.

.l 9',,

N. j f l

.J

'.,$ '..E ( * *,..: ~; 1 g

'~.

..s

- : _. g f ; i '.*~ G,;9..,6

'., L :?,y. 4;;.. ' }.: h.;

},;. '.

- l. f W::l :.

',c. ?, ' i. L '. N.

'L 7,

z:3...f,,l:.f.7 l& f.*;.n

}yQ,y %;

'[

Q

-.. ;p.s. ;.L. A ; 4 \\

.. m. T lL..

... ",...,.^y'<s=+

- f+.

w

.t.

3: ; ;. -..

,'.s

.: u.

w ;. :.. :

..t-

1. wD

' -., ~. -K.

9...

q o,.. a., 4

.c

.. f.. ' 'l r

• 4: :..'

,3.,, i y

y.,

... ;.. w;. -.~ ih.

t;.. c.,; n

?.

o

+

x m..

.s.

+ :.

v

.k.'..'.'.

k'

,{.'t t ',

.'.....T.

OR i,

j

.,p,....

,.m.....,

1 " of. y,..

1.. <

1, ( .. n.,A. ;, ; R.: ;.

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

L.j.". s.

d

.b

..-... s e

• w.

C 4.-

.. *)

4-..

s c

..l

,- e, g.

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

y' 4 -

. 7s

.. ~.

y-

w.. ;::. -

,y 1

'.,.,.,, -.w:>

...A A.c w.

.. E,...

r

,,;...,, c.

4tep... ew

, 4.,. ~

,.4..g ei

. 9, 3...>:..-

.-. m. :.,, :

. :., ' ?,....; 's. ; "

..n*..

y s.; f

..,...4.-

n.,....

.. e

w

.;., a. : &. ;. '.;,...., 7.r, a..

..s '...

o.

.c,...

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

.(. ;. ; : ; ' .4

a...:s

. :).g.

6.-(.

~.

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

~ -

.. '

v. ;

.w i

,.. u... - Sy-p

/..-

..".; v..:. :,,.,w s...' 1 :...

, v.. - r.. > : -

.i

< 3 ?. '...,

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

. a,.~-

o w;.

.,u,.

a.1 w ~.

w

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

.,4..

,_ 1 >

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

y. ;..

.t

~,

n< *3 cc

. L.,

1.; -.

• x.

x

,9,,..

%. s*..

. e, y.w..,;. - -

3,....

.. ** -* e n

,... r.

. g.

y...;

,.),. ;

n.. /.%,.

.. -.../. :. f *,; : s.;.

, */

4 s..-..',.';.',.. :-.., l ' *, '.,

.,'n-.,'. ' 'l t....:....:.c 2

.<J s

...s p. :l. ? ',. - -...

. ' ; )...

,,.? ^ ;' W. : '

.v

e (s..

.')'

l L

.n

.y.'.

.,4..

• [ [,j.

q em.-

,y t-

., ' 'l

- 7.,

.'[: ( ' f '

. ([. '-.,, f.) ' j,.K. ',fI

. s

..a....

e.

,. 3,

,,.,. (

,7 g,3 ;-

I....

i.

\\ :.;;;,,g..;k..L.:W. if'

../., g.'

T a g '. '.((

..n.;;.- '

'..,; i j...

n:e

p.. A.y,gl;,

;,L

,.p.y.;;. 9,,. e....,;.,f' k, 'z : '., q,:.. q;

.. y 5

7,, s... },.,l~, $:. 4 a.

f.';,;',f. '.; '.,;.'.. [ O ' '?! i m/.'

?..f

.,.. '.l,;.

y.

4..,. ;.,..

>, < e...

e. y g '-?.. g\\',y. s... ;;. n

: a.,.. m :a ;.:.;, p s ',....$~..

%... '. - Q,. O.y

+

- x;

,=.;

.. a.:'

'.n j..o 1,.;, : :, Q '

'q j..y,..

L _

p. :,

.% 4

f M

:. h :,g

/,_

.q; s,

. y p.

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

~

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

_o...:

,Y H $~Jl ', b.w+ :,w, q '...y. ~, _ ;.? %l:b' -" '.; :< ; },jr:. Y: 1

s,

. m. '.

3:hl;.,:s'p;f,jy.;.7

.?

N L Q

','} } y } ;

. g..

o.g..... r.g

...... -.. >-...~

. 1 e v.,.,., g.. p,. ~,

.tv...

e.

s..,:

e..

v.

..;, y r

..

q

'):.? 4

.%;V*,);.J;:l._,;..

. :., 4.,,,.3_

^;.; '.... ;.. ;*y:. Q.;,

'} k... t,, ';~:> ;. C. 5^

, 'v,. '

.- /::

. :u.

_., y '. ;,..,, '[~

.....?, g._.. g(

_,~

. r.. ;;:q.

,M

.;.. m.

< g,;.. g.

p.7 Q::' Q, q(.x;).\\pl} j '..qi, q{. )] '/ Q '[ ;,)c,f _');; % ) '.

?

,' z 3.[, D.. " [,};;.] j.?..[ l,.

, ( j g},. N

's.. 3_f. ~. M Q..},

% [..

M

's?

. b <. '. l.. 7: : x.q:.:

y: w:. %

_.,. :' : y x,.: ?.L :;w, s :

.; 3. i.:.f. C:. g...u.. 4.s,,y S.: p.:s.,,. 4.i w..:....... ; :: s r; r :c.:..-..,.., 7,. +.

,e..:.

q

.r

n. s

.m

... x..

...m.. g..,,

. u. z..c 7 s3

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

.-m...

. a..

,s 1 s;.y. A s,

• R.a a..%.n. y%,ja;.a q, s..

.,. ;. c,.,.,' : '?.... s

)...

..L:

• e_

.. a, v '>

. L.

...:.. J p 4.... c.... m,n. ;; ~.

.,c v.ie..,, ;. + 4,.x%.: p:

s

. ",. i :.N

~

+,

g?W

, u.v o. 7; W

m.,%.e: :j,.;%....;,3,

,y:. q,;,

..,y v

~ - ;.,.,,.... x,

v

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

. a..

c.

co

.m

.m.

.~.

.,w.

a.

j yo s.

. g. K47 g4

.. /y a 4.

.M. ~

4 c p:: 1 y 7g., gn t s. 3 g.g,5 q

v. %. m

.c.4

.w

.t c

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

z. '.p ;; y

- ic (g,

m r...

s 3..

- ;. q.. ' ; p%':d:

i

Y.. M x ig f.o n C ;- ' @

.:)q$ Wc.:

9205110199-920501

^:4 1::t ; e 7.. : !, ' 5 "

PDR. ADOCK 05000334

... :<:.~' %. ::% :. : n....'..?...,1

. L.

.:..:?j. f;

%....y

: ;:;-) '. ; :n' L-.

b d

PDR

.'.\\~a ::.; &..,

&m ?

4:. ' + L s:;

a:

v :

l,,'Q

^fk^1.5 ?'/.f.-.h:$. ; {0, *f

.,'.fh, f;

l h : ' - l'.

~ ?...

,. f f 'i :..,}c...

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

f a

COMPAN ? PacFrtr 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 j K1 LL As Rt ilAL AREAS, AND AI.30 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

() 14LnL1SilitT5 j

f

10 514ThtrAT5 OF cam w2ATio\\

l1 STATIMINTs Of h1 AtN1D EAnt%s i 11 STritmTs O! CAmn Sim Asti

[

l DTHFit PA!b h CAmM I

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-

-m-------

-c-s

---

e-

m p m s 4p 9 fm:.n u g3'f pd f $b $ $ $ @b M @Y d k b8Md@2 2 g K'M(Qjy"n&w) n>ar

+t m p. ' v ug e * ~ ~ o gf,.+ -

• y ' ~ r m *{ w v n y&me v&m r e e

= n m

• v w ;r sww ~ :*.

• w+

+ * " f n n "l

.y tj to f,QQ j,

- ~.

&g g;&

k N), hdNM f

Q?'rQ( ylj qfj ?.j)lNA Y# h k M Y G&j Qf 1;

M

e_

9[,%($q Mew @WdMMin@WEC %

MN

&&M

• L w _ y"%i

$p 4 dEM G$W?T > R #

WMM

& gh'jf&n m%r:.,Q &m y m m n 4 + ~ ~ ~ u n w..._ m?

M t

Je* D

+

m

=

~ + V J QQt '+e N-.w.n-, x ~ g 4],Q n (k a&n

&,Rc QQ UQh M ffNtly%&kQyt%%% 'w & m ww ngmm ~%ng, t.~;)W) : _

^

[

nw % g:,h k Ib bhb h b M Y

$$N y

%p k

hki?y:w+hDIM hh m

s c

M (k M @h h k VMD M UM4=

1 1842W 3@ + MT hf

+

e d s w w w% F^ m w @w*6 w% W M neem-t w w a

%p$w%m 3 G p e y gueypwrsxy;.

WT Jf 4wa x w,MM yt m wm L8W u$ 9d w w w n w u,. r,a :n d % ~c m talStoct A~

MAi ne s.yw m

a2ay, w yto9g gj py 4 w n

.w y gf M -$$ m y@Y M,e

~ !k s ;d " f:( (~A. ft2l Q1@$1d{Mk

, ! $TL qm S

~

e %o Md

^ ' #n SN i

mwm

~n -

+.e n

,c

. ~:n.

v 1

AF$6 MFZ

,J MChtmdog of FadlMei a$.22,0 3

-i &-

m p& @fdhf &m&e* w w@Mg&n&w:akrM @,' 'x*]g ;

<w w

~ NdCQ&atk f

I [$st l'

nn v

a

/

n&w# n hi[

Q

.Q Q

Whl Q

up y

w % ew-x r

o %l y$ _e f T t] hCMts.

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

n-

-$j b

Y 0h

/ m?

?(hhh h k NfYlhf

.h h! '

k l5 Y 49 M

Abu.m m An :, s e mmy

~~

u Yb

m. a& SUhl Y v

l

, h-m A..~m_

w w w w~uaw_wY w-m e$

acn '

m *u snc hfi?

l. ?.

h h

DlhN, iN UN

' W$lmsww8Wt Q:'

$ N h k & e a? n

+ Y $ w$ $ $ {?

n x

me w

m na w+.

nu mps@n@ unum [www!. Y dd httTRAl l'inanddM-w w

mw

-= m$.[ M $i22 ~d f m^ %

sa Qyd M4KMWMQ e %~TS$

'$(92 f

enpw m

MNkNk[&~h Gy%w g&, - r,yhkNdkN MUINNDNtTNgd CC#UGOtih%tyi 12.2 % "8 id D

NY

• D W M S % m %e w.

e4 m

~ :

v, q

w

~

vp Mg&pmW ww m %w%,o%j%.%g e W m% ?; _ N, u !.w' s r. M w

M

't hMha#yW W @~

gMM%p% m/,;hm%wWe@p& Q f fM!;> W ;p $ gmg/M'W y+e w'

iA 4W ;;/-

1N

+

ej m ~

- r $r)l 0.m e

1,

'&q {::c MWs M

W...SJ,, -

Q tg x a>,.

y-uhWh,t.S:

n. :.g;N' e -

r

,t~:y?.,A

n n fvg u ;6.sy H

a m i1,w V.

ye m.. w E

. s 4

s

@QjW@@h;dph"1 q Nq; k M/,ib M. @, M<WA

+a-y s

n'3 rs'

' 1 p' I

• Tdi 0A[N x39 4 QFN<

a 3

N Ma-i$i@$ff$$Qh%@@h C[ 'WL iW 1

?' W s

s J

, 4;$ y

'f W

u.bb khb N [ m%l s$

Nz

, \\ WWMMM [

N MN e%mwn%4,r.a c wa%.e;.

m&QW:a &,q/ u.na w7wM u wem%.*e %

m> 3: w+

N w n, +-

e ne

, 7' _ m+

a<W a

m 1 4-- % 1 ;m i ~m&..

. Wh&% t; *

',' W:;%,,

iib M

Wh O <

O ?; -

ya y%

, m,A 4-.

u w

mm i.,1g#- n,..,g a. g,--

y w % w %atw. a Oa

<.<c

, f i,,,i.( f,g - ;, r

.e p y- #-

i

n..<,

4

..-)<

,.,.9

• 4. a,

.: m 4

i

.m4r 3

~r

<3 t

e+

4 Y, i

'Q

7(p hkhM%My/ d 'hY ? L.Yb',N,z' fN \\

1 ll fg#g MWh:

,i.x

??

i

&,?

• 4 4

C:. '- *

' = J i fbVk' Q M k N N M Y T E 4. 3 N:

I E dp'7:Y Y

W.

N, N

" ~F, 3 7

4 s

w? y Q u twg%mQ gm - Wtonn wn%q:t a..W m, e

rm

~

A s

-m g.c

-.1-x o

'q',.

4 'x

+

e A

7 s% m y im

>p v-1

'y, s ;

u c

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

sm g mi p

q e

e s y, gp r p> %yV *W T 'I'k

+

f.f

Q

• ;5;L y ' <.b W

rV'

,4 t

g,'

6 o's.a"U

,;i r'q

>h i

N 9

=4 5 M< :M<

u

/ WY i @W a.g F

4

-d 9 %o ci u D

i

',v y%e.,h-#.

wk ~

r.

a t

i a,c :

ru m.o, w

sv o s

m t-s nsr ghffkb&g&f:hls p

e -

a3 r

ug e,s w.

~g c, $ N ya gypn.a % n,w& I,

,l'"

I

~

y x

m m

a em

,m,g%wW e

o

' q) '--.

^

2 m

-+,

t n, ~. m.

de i3; s

i fk,. qp Mk.h%Nd$ b NN.h

.v 3,t s

t D

Nt

. n [M

• 5 i

y.

AW \\

A.? s M epdb@hIS

< h? hMW l<IU

~ W % s'

(

m [uct,

f

h r

t (eafMpr p % W+y m4 9<

p>-

9 w

a p

{

w^

.,,Y m

'J J3 t

e 4 e v-

-c' = aw

-We;n. p t %g & w'e e

s n 'g:v Wwd

.ip p n

9:, m:b

' %+ y [.n,.

v

- i t

mz n

n*rvp

. M;ye# N

.,Mh

_[

pI.

i dve p#

u.9.hh hM s'

-L1 r s

~ ffj -'N Y

, {

1 th g

h b I' O

i 4

MpgMP%+a H M.s.,

0 s

H

- May%

uMk %(M5 vv y1 Yh h,

[M

^

U

\\

• *

• M mm

+ A@;y&%l@% ' ',iW hh, y:',

W D

1f Y

c 1

?k%

@W:lj Q.

a an NRCM dtiW W kd @ m;4;v g +( &s m p d g-J '..

i ug; a

cm,

byf QV gQMW p.O i-4 @3 h hy e q w;4.'

M N M n e w +- c6 1-m

+h hhhh hbhih <,

wp..,.

i...

+

m,

%. ~

..m.

, m

..a.

_,L_

~ m _,. a. m a m u a.

3 v

a m, d w(

y u n;3g&q@Q @n +m w : w v'-

jo o

4

.1 r p#

43, >

Y+

& n pMSNMw@W AM [h$g qR [y,:n 1

p,

p W

!W SA i

W' SW gtC4pEAM y

s

' We

(

)3; qm: q o q fM y i M 1 E d d d d <lTt1U @, LI-sm -

T

. <.. ~. <

b4

. ' x.: u x.

, Supmne C$rtMed C, M,ustmWJ.mlpk%ts first folli y

ddn MMih

+'

+

g (A.

"A B

$-3j b,f y Mg y m w 8 iggundreept4:a4. -,

1. , fWappu%

Jeat of cratbn> m 1991 witW 4 e

r

=

.w

. pm %NhdddndJahnwy~;

W i m ac we, m

..~. -

.s

$ig 3150/a $$nlubn;sherJux

.SurgHyttf 4 tlcKAlM1i i t'

-$q@w$w$p$;fk@

hi.

i>

hh W"WW 4

$wM > M M @ MN *a @w m 91 9 P 9

a

esum fesgan im mentimp =av F

MW< %a+%mr1A e wae6 A wr)9na4teme.

incenWe rateshdppmmoteImrO T 1

~ h e, nene f

4 m

. ~

p@@%g-DPiMfdMm9rspeinidlowatt<

mm QW (reqWringus to rdmd to momers xn dhg

$ g@r$WihnM.

iheesMpwer Nah

. ins grwt!Mhh comnjuntthpM '

n$$%y-@}e ~j ~1%v terWG,markb~gsix;made,i1979dsh

.v

- we serveJeder errtgyjavings[.

~

n

,w a wj p 3 _h Q

nli,y yngf& jQ

_~

hhhk }

}jG cQ A

sw wuecewringe.nw maimeemrunne%r :

g%e4g%a@ Mew %@new%w %:, WhnSykMlak

..v>v & 6c+ &i % v. =

d.g aQW hMWres ak Y thecawnams,chett em

-..- ~

m TddNDff)eW-m ehedit ((C5titKt.

,E'....

11y U5e3CU 19k70 W$10thersI g

[y 'W(n y Qf *

.~. o em

.,, : ~, hat ITM ru!!nk-M12VC p%ftkipated lit Ihld progn!m(.

ww.

d g$m [,; j DCMd $4 Air, ton $tiong u

m vn Despite t i

x y

M j-

..w.m-

, )m, en. _$ ARM MdWidAlOdomk. / / fAtIllng$ WOO!!ued 10 benefti from >

.MdiDS!Tive than A0 His tol '. s wa hDM y

? he ms and$ k A mlM l b[ }[ ~

if h 3 khg$ghhhMtrdshndkh Neffortst(tthushts:4 t

}uppgW mw n mg ayunm s, ~ax,,+aa aruum.

[~w'e ~ddour program [ ? j> > ;

y m$gfly;}M,jj 94 crpaf (lQ;hj gg 4prwb@itn{TdthlclettricpkG' iredoedour work force toitg1 c

-ww. ;

n dw -

Wyn v o m-w n

k h?Q kY f " Y'Y k'.. ~

nn Jtkocwe mhtmedse rermanced triestriatopertaeduringortgatt, F.

%nm%e %e$

whemtasip ais,raevioour :

~c ~

V jIlthht$ij[ u{[t 6

VAficu3 $0CWides,10WorMg ourj

>NY0r$pindudng thdr energy costs;~,

hgM

@4 4 - g.gh #[y\\w+A D Mg

++~

~ vm w -l for the Ilfdi. corumiWel,+ i st nual costs nearif I19 mluks whlle'stkhng to our dettric s2!es. A And Wq c

.c

.~.,

w.

vu : ;

u

. ~-.

, aln Tib furtherinene salesArm 4 NNQ!%. pyh[q w &7CarMT C41@cn Set 8'Mufdl p$u$p@p?ggwg,3MMMMC 6 e%.MayJ990weittikddch -W m=0 W*brW=iM ng g

pj

%;gwem%na; 1st.,,fthe,,,,her. ting,a,te g q M2 hay, ww:fomglghiasr.1nmase %esptus,bercen4pm

%~. ~ w;nm. % S qi N, w n

n n~

=

1 1

~

:~

"v a,-

.-, ~ ~m + + n h

b4 mnw a,

.m./~~

[

h

. kkNb CO" N qq

[%

j 1e We W ? i ~ v - A < P hiptw4hae two Oing in 19907Andje addhimore than N m %e m % " 0 g p Jot the gn, eamags on 3.

m m: w m

m.oc -,. _.

dk nusld N Nab N fbp)

lcambp nsifJhc g19qwyee

! Mdedricahheadles in h [ M [@yc[ M o

1***d W 6*"*co

" 'Y** *" 9"*5"C M nh* W ndu6nv > " M m W 9 w*

' w n

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

SC em

=""W* = * *

. ? *' ***

W%

mau

%herseVafrect futsre caned ses andincreie energfefheys N g44@QsiMMeWi.este

• 8 " 5F""*M ** 4

• h hM k, gym m%

~

wmmmNmet m~m 7

v-M M u li m q w a d c ptAntin,1990c 3 Ow localerotany is e.nected '.

n t

Qg6h

,e hdMN[gYK,J Mon may Et!!jhe wrik

' to grow further adhe Wsinesses.-

N 4

r insulation and electric heatmE -

. fo n -

m

off resultedfrom: m#.a disalloware of _ ' and1ndustries we serve fane ag a s 1

WW" MA j's h j Cdst3asMd$1 th partimes of L morf 00mpetilke, Sharon $teelv

,a m as,, a '

4.1 powr from the hrry Nuchdf our largest industrial customer, a

p,h ]

' (

Nwer PLutt( Ahbough we appealed = l emerged from tokruptcy and w

..reah rs and home buyers, ma ra n m w%e?

w re,mswa racuaw r

a t

Lx Oxumisdon(PPUQ disallowana,Koppd Sted, m important new '-

,#t $

4' o

qwynw>

pg4 W n,

,7012 Q

~

y

~

wwx.

a a s

.~.

Y W f W *V T m 'Y; myMg gg"%?Q;y;;m e

+ g=

s' c:Aq go

p.,

f il h,37,.gn.p h,

,.n w ati e gl pl4lf h lzu v a, y'y ' ~2 ( * %

N ', + %. &y Why -W,h Q

Ni W-

?

g; gd,

s ;

%?

D I

L3.g r g

vg 7

a yd

+-

Q + ys m a n npMWywghga W+

w x

x, ~

. +

hk _I$hh I thD

$ h hSrdCD f

N IkIme:

- k[J m.

~

y,,m M

[

TNI M'

N 0 N[wNMI M IM N y Chalks # h %1W < f rdili Wrvidd

• om l$sc$ HUM (U$ the.fulm d Yg w

mm-am

,.w s

%ees m.

m

~,

N h

o b b gI i

3 y

-g eewagontwhym w w gtompand[

hat)f' MyehMdilNhdmt$railoi u lhtend to wck to the bushn J'

u Gwfamong eear me m_h, NNpIj3hNifkthe hfW h" Afb [' : p$41}00alkheth~lft;

@l o

e

-s

~

4-s.

m

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

' Wt'llddiflCd kUN that wdk to s

Jour futurdxmse t

l 1 5

[

u.

.e

.-n

~,.n g

(l(W$$'w*NQl h'StfO$ O

.NWM1 11 FinM.TAq R$ M M

0@.

M NNII$ l J kD i

3

+c y

'~

long historyw empWm ash

/

r

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

y n

u (DNt o aYD

/k

[

II D bMMN f

MM10iv M%e simiisconcernsLl ysrslempivys hheim us-mms $ythhiie mNIks!tilifyjo;

• trum a r$nd. f nostM ; iaEAutsa!b fbt sitdoniz usttp Lcompdthnhde mming the,

~0 *

-w..

=

n y

e l-5 j

w n.n.

-. w s.

?a w jom wM lulEarmhplthl5PON TheIdal WOfk ONnphy00$,

a %;Ddlff pblrillQ g, j'a jc 4 i

f[P 7 l%n u a n m w{h Ngy$gt}g jgpy,.j7,3g gt

,ggg}jdM[

/ and their commitmev, tW a

.A.%

e,,,,,,4 3.

h $3AkNh', th!N SflIll0$Nll,lW i h $h0W lillk' h{ D6 Nge }R i I10mC*$ Wd t"n$WC fiut $UC0en 10

' [s/

i w

a.

m.

c.

h(*

a Id I N k h

Ohdl k!D tyfd (kbpkhjnd

. De yeMn5 Ahe3d[

(

i g[y@x MNMi{Ndrsuilp ws* MS SMss hNin, Utrbon-4 eq, moggm peDe9 thW~can M Modie emwaW tuon m a r

ww e

o

/

rm.

y

,..mm z.~

rb. ~de R'.

. m n

N s t,e,, enalwhh cut Thep%j%s EmayinMe AsmanyWena pm s

hoff5tfEpoNihilithhNrk [htMN$defrMuhlffuh Vfjustin T. Rogery Jr?

N p$p%Wkwe h W W, fans %n95p aa#

n e=Ma**v o

m j [ uel,0 % 8 Dew $0u p Of g-A anw_.

m.u 1..

x ud akt tmuute omeer -

1

@ti,, greenhouse gasesJhls Qlustrats

~~

4 f.

{$4%pbi$ h knAftNs6 [NNd f$Imore r' aliitic and ?%W.

w

%maiseanmen WWn,% W.

NhNh e

Pi

• c3 y

Mna n-.

.c J,b

~

~

~f4

~

Q j kQ g@Ne are futnipnotigniaN 4 und thd6uihinitM remums> '

irih 4

kddiden$lthprde$iM, 3A MW suptsort ontM<e proNs I

n y[ uu

- u

.m

~ - -

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

e[1]UMing00tItp2Hy Ad(lyl{Cdb $_,' hf enrifDumentf

,y m,

h

. p g

.u, t

ggg QD3SdNsFsraliswdktJT!Msd

{ In Psuwylvani we'are _-

.~t n

, o ;gnendmemstoiM han, the effW L workhig with the PP(ICofdevel-q'4 xv n,

w

@Q w ;n w ww m ggdres}~ructuring the investorj,

W mEapumt program [Atal provkid -

~

~

[OWDE} electtk utility

..ing an Oguhahle deniamlfddel' W.

m

_~

s om y

s.

p[bm a a emDWyIficikknbb;lndu%

as fd mint hnhNhet fowwragine ruv

^

a A.

'n=

n~g.datorr trmsmlolorniccus, Mikh 9' (utamdsis use energumaently.

M m w,-+

A -.

'DM MW pf F

t L\\;idef.dili ydtt, dd %0mmlMian t

,mm 4M ialstan1MS10 hKM !Odl UNitf idiouM.a>tapl(s* its revic sar of nur my w

,,,z.y+

h ND q

myof tanu andresuenuar

'pe J l e

m-n

s y

3 ns %u n_a

., _m

. 1' i

j s

~

W3l@

Q MWiJFlyn **%?J

- W Q

l' Q:

+

g Q w,

,p-ib';;gy]V

,)

y,

+

b y,3

-ne p, m,.;,

-q gp, y,

.(

+

m* m$:1(6 a wh T. '

j GM%%DNCM f(ATtETIQ12 A.u.cn hio em,y 3

., h h t.'.A*. &n

' i,', L '.' ;.

Yb

.\\>

M Q (, )"Ti v ;49 i ;',lf 1, 'y'

. ;. i r n

' +

m

'h '( {l. f,, ;%'

(?+ M Wyp w m M S W Hwk Wwu

-***-**e

-w

- i 1991-g + en--.e 29 1983 -

m7

~.-~~.4-

-~*s,m--

vp g g

; E,.. s y:&y\\ w.

-~M & ~ ~ ~ m m.

~ ~ ~ "

~ ~ ~

~~~

~ ~ ~ ~

~

1 ?JXibit Nat EIMC SAMS(TiWn4

+

_m f

MNI'

$ 40$,009 -

I *'1979

$101J91 8 ?J,'>73

$ 1 U,6 j --

jy

'?

., 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:-

} DM. '..

8,645 8M

_ _... B_M 691 8M5

-y g

OiHotal 260J34.~

.2 % 3 01 251,%)

2%,wl 191,m n

(ts m N e pany l

14,576 IM91 11.719 6 34!

12.62) h;, f

, ' uthed!Jiliun

].y 26,369 26 3:9 i ' _ _273_.45

.-._30,190

_. !$_.120 g

~

,.~ -__

--y..

\\gkN Total.

8301,679 M93.610 8297.22$

$274.022

1. 22Ll38

,a

._ _ 1

, DiWE h0M %CCTJ0CSAlf.k

. RaiketW -

34.1 %

3354 34.2 %

334%'

J36%'

+

1

• M T crutmhial 20.3 ~

29 h s R$

31 t 31 5 19 6 19.2 18 3 18.1-e

, !!autrW 29,I K0hr '.

,4 4

.-.9 2.9 12.8 19 ~

3hi

54) !

,. Suis a!.

r o

t16.4

. El 3 86 8 BM

% J-N Prie64 titapaa) ;

10ttw 0tthu

' 4.8 i6 3,9 24l

'57-4

.d

. s.8 69 93 11.3 <

Al-O h

11 it 100.0 %

100 0 %

100 0 %'

204%

100 0 %'

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

1/2 961 ~ ( j}

s r

M Rokknud

~

l 1,06i~

1.019 1,024

- Owntuenchlh j

. 772

= 132 M8 668 "6M

> ; industrial i "

1 R23-1,795.

1,309 l,8 78 1 1,74?

s W-

" ok,t_i 138 135. 1 137 '

' 136

!!?

d 4

m.

q, m--

~

o

~

, bl014!(

,%,794 "

3/n$]

3/M 3/SQ 3.4h3 f

h

.W

/

5 g

y hrent Comp. ry; 556

741

.388 313

' D3.

1 W

,toda Urmj r '

n.--.~.

790 -

847 96 1,22 19; Q

.,w w.

. u 5,10.

1271 1,W

' 5.m

'4,78%

N s,

m.

L '< ~' '

RndatW

?

'120,537

.119,5%.

118.24$ :

116,913 -

115393'

(

E ' b4astrul y 4~t

-p

19,127 14.5 8-14.718 -

14,622 16,261:

}

7 : Commte 343 257

2C4 :

264 273 l

?

Okt t

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

10 117

.115

.150 143 1

3 i,-

4 M Nv

. w /

' Total 136.007

'134,8v2

-152,024 130,470 J

133382'j Jr p

c

' Rtsioixim tentwa mam A

i v

U Y i AutualMowtuburdm); _

~? 91 ~

1 77 L

8,839.

M $$-

4,7if 5/06 fi,397

=J 3rkt ter Howstii pur(Cent 0 i I l.22 -

9 R9 8 75' o,

I tj y*

4.447 Df

$325 4,297 4

,. xiuystiimur, <wmer ice (wiione 4,13,5 4x4o.

4 y

um.-m @.

,3 x

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

/

3. 04 18 2.5 28' 38

~

V."

N 3

= 22.6 22 6 216 22 6 3,.

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

,. _22 6 -

g7; 4

i f q-400.0 %

100 0 %'

.100 0 %

100 0 %

lodO%

U-z(

am,,a

- M. I M bdCllO(bEbfkdIl0Ni i

s lT d sf-

3. ;

72,9%

.684%

/46%

71 8 %

75 0 %

L ' #:,

[ ' %cles_.~.

27.1 31.6 2M 2RJ

__ 254 = l p

m

-,,. ~,,.

l, W,

' Itotal '

'300.0 %

'100 0 %

100 0 %

1(00%

100 0 %

1h

'a==n b.

JPMSLR IJF EMPL0nE$ AT DECEMITR 31 1,431 1.658 1.ti? 5 1,716 1,725 n :,.

v.-

S 2

r q,,

e Oh f m

}

? Up # h W M M M I M M +W a a M _f p u m _ p s p _ a M n n h n n,

NRsM M MBER_A-F W_W_w s

ew W

+ %%w M

Le W

s Ann _wwmmm n

r n

ep w w w.+w. m.

m t.

m.nm

-w a

m a g$ e [Q m.,.4 hN_hh[h.,h;tMMkg$

M M 54$$ y$ 918$ % e< [ }[j d 7)N

,I $ [i2$hlM M 2M,N2h.,k.

r

-m p h.h,kktbbkbbf N hh

. ~

-v wm m,w

~

5N

_i n

btht Al ION

,,j hik -[ -jO%

. -l M M4 n' ' N1Mi* Ml[ j hh h h MM M

h$q g %e %w %g m w(e e -~w e %

M 196 i W i,r

.134M JWo r

5MWT m

-~~~

e~-w "r- - t,: ~ ~ x mmNg wp M b fb M M 9 w w @ w e m e m w e~ W~n) M i s h T

sa awmn w

m e

m MR x,.

si A 993 j' vvm$11;,

,nm$r O Elf 53?;

7 @ynjhq,MNtutuWComnion5 W

MC WWh

- 4 32.47 J21

' 26, y3 m

n

- Aq

.-~ m g

><4 d'" M @ u w~a n e d MC h_ h M M E i lw&'.73MtO m

mm ees enw my hbyC

> 12tS61

.dWR

ud< fSt

. ( #77,6W

~g;W@x

% p; As a..

m.,un y.~ v

~n m,.~ %; ao <%. ~%-

~ ~-.e #,,

ws.

m v.

. +

r

.~ % -

~. ~e%, ew.w>

mu.. -

n4 y

% % %p d h g ramuzg w w w ;m %. y '

M M.

mm p,

av NhMdabahwMg,. a

{L 74 s!

S d@ Mtgik yMs3G M/that QM M.

y%qkh,4& nM m. hNY8$&ga hy ; -. ~.

- M M

Jm a s por

+

a. +s

. %~ r y,f Y. m, xW) hy&

L%

ma n

e Q

w&:hhhh\\

' ms4 l 387. Af hW N: N sY,

$ &f@hpMddp t m a s M M w m. m waLw et.w. mM hk

&W NNY bl $ 1' h

f

% mm-

_MM MW W

t k. g M w m m%asto sie w

• v 6 o h

n.~,<t W < sun

%nm7 Man /W w

. Us%

Q m-m-~,

ww

&x

-~

s N

'8I IN I I! l i

u > m s%g. es.m me h

kIf0 Yf*$fhfh bf.

Yg@pbelfhWfr m e w e M M 6 ;%.

,Nux fnw mm WWO Wl.H W,d L>

NI.s v ?YJ V

(

c

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

wn M # p M W h rm els @ M W W M % % W

, M.

i R$K K

$2% w 9%,

m CT M

h f%

w n w a% m$w % iu %m@ $ $ w+M # d @ w.

ww w

x m

hh yhNM mgh d

M wL M14.4J i L. aR7 f,mme eme mwqm 4 M.)? 3.351M 3 S11b MM 96 pepygp ~rdskN U nyq w

mm m -~

wis%Wmpw M oon i ' was

, nou& %%

pegm%g[M$ pM TWitneSM@ntabtQhaaaM Mm M~g%

3 ga u

c-motsW R

Q hape@new m m m m m m + m w m

m w.%g%g@NDU@@$$$$$MMM

.s w a n w w) n n$mu : n ; &n x ~,dceau.eto md@vd wW gM n

$~$

n%@ed ===ma taw *$emw enen*== w aww ww md.hM W ampemkw! uni nen @mem am m el p m *wy g

Mf1W d

' ' W msI ?

-7 9 qhM g

w:Mdi 7f\\MSn k

h w w g e w % % m%:&e x %r%%uup+v.m,:

a wa %

m4 m> w g m.

m u

w

4. _w-q s

n u

+>

w e

c vge 9 3

Qy a a p;4syy n s yu m n n' d at v

e m

w s, :,w, <

, %_ m

% M, y,jD$bQOhhdl%gmxn&n'u&w%:h+n+fyf Ms e ny

. A p:y w

y' c a

+

ym &h-) MMy$y q :l d yJ % s}

nw a

q

$% N. QQ Q p

HAT ND

? W M l,.

STM.

i

4. -.. O

' W5 a w

M M,Nh%yemm-m#

MOQQQ s y o. W J- (

- j pc m

'm s

., / *. j hNM 1.QJ p yngn e$%N.pjM.~r g w Ng.1:

J' kh;mm&p,WNym 4, #mw$w w. :,;

,s, >

f ~ h %v}.,'

,P

r. ps

, ' +

t-w exg '

Y a e;hm, m;m hhk khh YY

. v'

,m, h hh$

'e n

a x,

, %$ g&

a v

7 }np@MC @d %,he[n m y m z u e x y

x" W k,y,' y T

'r d h p b M h M h M N N N

,N m[

• Mr,

e Nmdumuw&-

M mpan%

a:

• , w s

i c

s i

N.

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

• H W i-f S i i b; i$

4, s

M I

@n ig w

e 4

w n

a, t uMQeig@e%qwmp?w,x;@m%w,g'

+

ptgpag

',plnQ

+

Wn p @W::

h, _ y &;n A&%

9 ' '-

p. m,o ge y

h

_ &%w$ Am mage u

m' e

gMWYG '/'j.y A d P.h@i-WJ 'h wfn Noh7WW N~&

a. m

u; 4

e.

o V.

M $d xi _

,..,f hb5f N Uh' bY k

. sL

.E 9 h^

f

, $$h '

f hbp @aN @M@$ge.%w@,c

&A waggg..

3 g

%%g io Osh M

NW e

O bw as:wW es n

ma i

' g yWmw#vN Aajp sm. man mp p e" w m~

ss3 m

ygM.

f

s. t e o

s F M_m' w a.w w a@m>iw sa.u u

c nn, s

4 d-a x

W 3.Mr 6#q

-ao r

1, e

m q

eg 9 s

w m mm,,+w-apf

. _ hdy.4w, @m s

n ff&fU%ye m

3xn ','s

+

s Wf, W k

< aggf4s' u SiWMA m, t

+4

) N, M h h h k:(

. rW6 %g my g k s..

\\ ip.,

1 QQw M.

e& v;

• o k

w y r..

q

~ &WOMQQD %n C W

Og e

lnn WM&@29]Q&&M., x.

W h% -

1. Mwe,.d_M,M..&& W^$h,? $ W-~

m KdY

,NN? Ij:

r%,)$ ' ' 'll,Wg W

c.

i

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

. 9g u.m a.-

. _mm~,

m-m g-

y p $ @ n n e&Mgg @ y.W.WWWO%,,MM i

umw w

s w'>.

g ;. Q w&fg%qW m

1 o v a c

A:

' @c M~

QG'

. L /v/ L.Jl ln e r.

rWbyf

.?

p $[g, gh($14hAGEN@TT9iDGCLISBC$ AN

'L y?

'Q dit(AdheredEnade,dlN lhl(Whidtdrf Q

[E j

q wwoesucmam -

,vaagaans w w+empreew nmn %

'hg ps b ', /rigwd titmered Jnungh nordtw otdwimerN pd@dMM:$g?OrfERhtCN$t A%$tNkNOC ' '

W@ M cycdc y b 7

,fs a u netesto s,,g tie cmop,y ageni,ine y

C m neal tzids te tensest idMurs periods (see ?

M M%F Mqp%

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

' LNote 2 m the Nandai stitanents) The com hh b

Rptr 4

e 41991 gmeral tas to 1990 was furdier.iffsted 4 a h p.ny, mDQ ti hWeled d tusin b90due w n@ing@dj j Th Mbvens& $6 4ammirdnrounmmnunaaeind4 '

9 i pgw wy& wmEtidsmynersmimMumhmt$As16n6ti wty fu sps weipts axe on menue accrm w 4amas mcapandwith1990. Sales J since the inception;of (M Company's phase in planJ f s

ykp MyJmanusewannassmmua.

p p snw astwt w suc % w q isince 1989 wai ski o;nbd k$a nudearsnatcridi

- j? Estmng busustdti ity. yew home;mt#tudon ai(

hN $I iwe(useof dr)(ldhditioningincreadnsi&ntlali M

h@dN[: 4 t

34

in'proad # wmmlopnri.dimenthi fisidssj%

F into tud awrMk othq intensi annincreat tr hQNgMsee@winIwWeeraish 19Asasto l lMlAumpartd with'1990 ds ndilt of a.1991 prrnpg

.. rwheetasswedesengresawas#

. y(y pf }Nimistdi! bustsmersyerelup 16Fas the Cm p p$ $1 VE g n ;m p m s e uimeno a e r n d a nneg g sa s w sawm w us e edss, w andain m 4 yaii m :M pg; 2 e dW99thastedWo9so&a AisWinW smnationwouedmeinmmeeiestnieurmpuun fk m m sso m d.n #

,3%emadwadmag w

m%a mun adsrWed diiaboitiof pas [. p,rt wrm tarwingwasA6er 1 set ciiicnst fg y @greirhyunnh Mj961 Denedallyrefdding mtager sab b incremed ha 1990 mmpind wl_th;1989 as a result of fw hst7

@N* S d$iE 6 SIN a M d kds j whoead htmus& sea 61s:due in wem m t higher 4hort emthorrowag iessh me pmv

[ 1 cThE Finands Anddnng Stamiants hi$m1fr5Sfp jL oj Ur tk rmt t

. u sw w w snadu o % m e w a samaammaa % sta w My

. }A%

Gw@tR198@idp1ly6aresselt6finL18.9%iindeakhif 2(srAs)N6jo6,tEnipididatAxountingforkstp g4 d;dwhlWsdes to DofiltGx'iated ut$ths dartmed 10J "M

which mtst he a,m,one, ne hamn, ds e g s g e, m s % w,n Wa n 4,9 %,

ren e,tkna qw

+

~

dopted no15cr thhd 199$ %111rn

-. - w

=-

.. MF 7FsdMdpsr&W 1 the aupmy nQbange' the inethsikf aarAm Q @7 h g$. D.Wy%chiricaappmrbsM[puWdsN1990EfskE$i6 dy$p#rg0NtaWishing frien sh%y@vbry dedeC 4

Lincuemensnadaleremedaged Weni tanpurchaitpos bkndi4@cumpaniexpuutoMha mrW a

$ $a d p$ $m w r cam-Wsa6nrnaiopideas dpstRsee nom i8 de lWndal $tsdnentsOnd was (W' Jappmah6 dels tid Ine M d$

aw anm*mme-ews 1 wesamfwaanimehew q

1. % 9+dAnd pedssd poyer en hN991%ni A nsetW of M Ts materid idimiiffe e

(f

%suvyt sa gymsednau&dm!uen gJitsppmpatiguntedimeongnyvowinide@@q $

jyjg 9

f g @g }AMM, WMPPmdaaWMMMMmisd$ to*[onpanMad 4

3M g}{gj@%g (l%medirid(Owjnut,$w%a:

W ys%gNtihidMms Mitcl1411ity(

Jo? 109fAauimdrig for humie Thxesf which)he(

p mentpwerietsB ;

npatiylmust; adopt 41993hkytion of this statemen at neayer vetey unn n J@linmme;1bth o cg Camission J is not expmai n hev a matnial adime ertm on n6t 7 W

gweJWPL

%d l

spq%r;M MMteitoMiiidsni&menteg newne yuwspeatsgmsnm de e ruu%agne uumy moustry wdiut einnauo ain me 5merinaciasmeeng WW m wanauonenWtemf aangwupcom-wam ;

m Q g

,f w w d @ a e smum Ms r prmures siinitar e mose niwern4 by'au eMi

• 4 gateniitWaritiqaing it4991 ind Nuy?

L as e iseuwi % 7 e n a

h 3

bt MO spenbi991mapedwahwreatinacnew ~

Gidinmal msts w rueim hmdis mutung fun the i 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

_ Net cash provided fmm operat)6m has continmd

@Me[. f 4 to in rease due to the company) latest increase in; 4

dM[

dectric ntes assodated with its four year phase 4n plac Q@g\\ r

' n gn MW 3

4 1'

$es4,A_

a J

y MP @g yg jby Q ll h

n

~

MQ& u

~ ' '

mh dq4;Mu;lm %

V yea; % 12 _ _ _ _ _

__1 A_

a_

- i

fDQ&&&N [jpJj};g& f && ;M[dhQ

+%

W

,Q

+

Q lq ki Ov

(

Q h&g ip g M.

f t

'~

hKfQ l% _ f N

't

'l

~

k@MN@h*MSdMMIN '

$$4han@s A94@nopWs.

j}

,o v

7

]d

~

Wic nd enhwngepf appmdadyL

1. eMeg $ nM ee see ss thai wouMhaw.

53(r40l%as the fimi increag in the Companyh

~ bem plad Amtlefixt in 1983 without the phawin >

i) pheda pianMfurent discussbn N19w)f f 1

pid There will k no materhthffed to net ttune d

f]

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,

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

full revenue levd had been pland tato etht in 19E

._ 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 9

-4

, 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 M,d

' d @ pit $ hvirimentOn 1991 for the Depany's;

opilons indude, imt are not lunited to, installing mr w%tdrition pn$ rams,"capitd leases and nidear fuel :

addithmal pollution amtrol alulpment, bumiNg iess a,mx w e s w t w n e w s

, a a s t fo s,p u h uing eniainn icio w ana s im m s m[

~ %

}s w

v k

hirucion pret=n and cy&d ISv,e equhemmts are

othersaperatmg exhting f$!ities 16 a manner which '

o gensstbaea o be appmedy in44 cow ' : mine pueon md nwemies n e compny '

S. e fq y,

J kig$hy, "NP Msdudir@,tmddarJuhlfof whkh apptuumatdyE.

51s tesung and analyhng vr;rb4 compham options for F 36Qg

, Wwennea ig nie cornpny has adai '

reuthibiy, cost efrainetess and degree of 11aiwhir.

gdg aaco -

itionalctsh tquirmentwf appmxlmatdy 8M,000,t@F

, ! Congnm is considerths amendramts to the Puh!!c

, fbr M 992fM terist to mwt matunties of, anF

?13tilky_!!olding Company At andthe federalIwyr Act tjg%

j

& m;h ht

?A 4 1

' " " sink!ng fund regulaments for, krigkrm de!d (sduding that could have the t;ffed of resucturing the investor-W maartwngwesagthanow Sned amric esy naustrymese amensuents,

7'H@' l

;appmdmbdy IMM)c/100 appbes toMk Lindade pmylstens for mandatory t'ansmbston soni, l

r omr

. Jpivestmentsfor ddrevialnudeWadduringthe?

whidiaitdd Impardin the rdiabihty of the muon'si r

)

@)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 f

St#1NNdthg the samd periodh the CSngn/s nudetr - to prodkNhrther the amemimmis curretu!y bdng

o, w a cms + % % #

wmwame-a.am

.am, q4

MatelYde;000,000 And $13M)0,tM repmivdyM the ?

subh ametidments wiu uldnrttely take ~

t n r* w :

Mnudear bdlih6nsunid [ m i As doctsd in Note 6 to the finandaistatements.

. $ $fL h

m/ v ;fftfN $10Ck R$ife th3QpphNC edmlng dWOfuaby eco,n-nytf stamwksdiand ths company his invested apptwmaiay $52,ooogoo a m-==

M e

amma d N

pD' 1

10 IYrry Unli 2,,8 fiudear 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?

M

[ y arelujore rektrictive timn the siniipp test at f %ie?

to, resumption ofintntmcton, continoni suspension or

%shi um6[Th(Company isMifxndy able to it

' ttnnination, if construction were to wsume durin1 the-M

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

!191Mperiod, the Company's capital expendnures

$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 :

d 4

Mb sp gQbb pktmitted#ndir the. bamingbover; '

value of retence to be c4cted frcon its customers, i

. 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 '

,h pq'1 w 2

Q[i

• W<O

, \\

7 f,

(.(,

f

{

4 M$hd$bianuna ' m.

d

M $,$ w$ $ M W M D T M S S @ @~,F O: %,

ww--@hwkw,)M wm wwe an n

WM4St,WE 3 M., s m,tmAW,S,. ' ~, t o.,, i 1.'!,, m = f@4 ",[*

MMMM%MS UMM N

}3 MayNMa Mtt (mpM' i b w m3 4s a

%g

. E

,a

... - = '

--r

.; hLl M%$1RN 4

y

$.f [h

[t [

,. x n _._'

u

+,-_,ki ye 4,K'k

mm,

, =,w};

N ww.m,-na(:

wwg y

[hhd.[h My(Q$t theht$wa,,Md Dtumht %$ [jp m

i m ' _ e m., 11998..

- W;-.

..19tt9 l._ /.

d.

'O'",[

- _ m. ~.,, _,..

wg&p, g -, e-m e~.n i

m.% ~%

4 sc g

, p[.

'-%{h{Q+

f _

,++.n-.w-~

n_-

o e

+

3gy}% u [:h) m m + g.J., a,,

y

, [tE. -Y

$)jj Ql n._%glh I

,l

{l[p l

Y 4

1 t

m --.

.~

%Q f:O QyQQgQgjg Q Q

+

+

m

..-..,s s.

• l

~,,

v

,u

%sm. '4dwtqmtingtw21

}

)

y

^

}

e

'.,. jd '

y 4

@ ;4. 3.:;u,G w w.A

. $3,054.

5(9H J

Q & Q&spR(h h. m' m,.~-.~s~,-n.,.-

-m g

y

.m.. 4 = :

.m.,m...t n, o r..

s',;4.

5

, n.

1

- 'y

'v' f&

_l[ h I

h

_a y@w w mn*%uwumanwrw

n.M

m nsg b J, V. P M @t h m teta w

@wM trug$ n

22A98

-We

- 19At4 ;

fM @wyp: S ma$ tu.swehap tw4 mt Dime 1p,,

32,377) l 5.~ c.

m y;g;M M m M m p e w m m ~ 4 r & ~ ~ ~~~~ ~ n - ~ n

.. J 35,7 %

_IW8 - -

s 19ML p

..#-m r

.~&w

~- -"

~ ~ ~ ~

MY N D

+-

-r

?6

~

yya q g m w w w.~ m m w'

- ~ ~ ~.:-~ww

~m mmrn wn 5

f

(

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

.,.~+ -

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),

j %M3hhhp M * *jd~

b.%6@

l3

?N M,. h h [/N ydi Pt+%f*rW"9* W Iii M W *,

' "*+ + "** *

$h h-QSyC; Gf M NY O ESI:

N.,'

LfL k

(

,4 1

j 4,! n dts b brm. E.

b, W

d

. ~ -

37,t40 19 5 R2W L 9 g[: g w,b ((v, m

9 g a m mar.h N.

ji s

(*

.I 3 wego,inga,mus.

4i,329)1' lu*9; ai m W4M m % texp r e '

$, sis-

4m -_. sm.

lmb ga w w %

-~%~

~~~

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

$k

. Ik ~. [d 19 w am. x+

w.w nen -~~ ~~~~

~ -m.

~-

+

~ +

, ~ ;u; 5..

(--

sh.

.I a ' $ b,

- - f.5, -

^

Jp r

y c

_.a

.s e.w>-w "' ! w

~~~+-en.,

ww-

. mm,

u,y n,

pannsm mmwwww. :+

.w my

. an!

k1 s

t

.+

w&s x w

, M; ?j M htNN3 M CC

~c~

~

t N W Q t %> a s

--OM $RC

- $ $2,473 '

< M M.W._

8 3M. f, p:

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

.. n m _.

p q en " P.

s m

I, y@TM.,

' W r

o, nuw

,n

, a, v,m% - ww.

m;f-n

+

bJ> 9p y

a y uy e

'i;~>,a t

.y.

g

,e,,

I ib ' f

.h b

8 09 g

'u.

1 - a

),

q%: : :q#.=. p%. - o.. 3 2 % w e. : ox cm

,v s

e w' h' d j

, ',. - i r dr gw

+:

i( U k p r[ k h- ( h N i ;'.'s g

.i, 4

. ', I. -

2.'-

F v a < l,,M, h;h

.kf b

f d.i w_ g v % # ?;' +' ~ < - ='-,

um-g' e

m

,Q-

@a g r

p; i

un u

. m 4

y ~-

. lols,n-

@g%k.m-3

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

• l M+

s f.4wn. < r g 3, i v o

w x wy + s 3

, e. h~, c y m

s.

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

o 3.

,, y [ M, M f M. 3 -j ;:i..,'

3 i

^7 dVE

$ */

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

66f i

,e ec

, n c

3 s

j i

s

. A;p$@w i 6 4 4, *+ wf Mp%.gr. ;N / i b., s M,s-s

. q

.w g p.

in-ms

.W- '

'r.,

e-s,

s, s4 s

.Q m

,e x

+3 R

ae M, J Su p gg ? s

+

g -

i o

ny W w;M*i n.1

\\.

Q,

- Q 'c.S g ny P }p, M '

L. W yid JS

,ip d.

E'.

jv ',

s O.

/, lL[

d 3

4A ?%4p c %n v xp c

3 Ss6,. e

) b?b Kf4Qf ni[

% P W, W+ y; ~. %w,

fL s

> Y.

i 4:p t d:k -

u s.

7 y,:

9:

nn y ap

%v.

v 2

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

:f ;

-a.

m e o

wor T

H 4

P i

• S;

.. p> a. o,5 Ok Oc.,.4 y

a v3 t

y--

g g

5"QGQ QQt s*1 Q y1 y

N"

?

"l a sun.%w? %m, 4 - o 1, u

s

,n 4p9 89 x

', ' n.

g p m.m %

g M it gjf,'

c q, L q:q_.

a "

s

..2 1

rk p 3 pg-p y.[c o.v: ;g. Q y.)

. : Q3 3 4

. p 3... p, }g

,,st.

j 3

v{b e s -

gr

-~

m.M h d, a,gh<yn %

.r k

?

0 qqq v w a n,y:s

,,. f A-c

w. +

n.

v ya.mma u + w$ p.- 4y;

,3' f g y

t

%hN4M'rQV y @y cq g w..

'3' 7

,

+s-

-o-h t;A g y M W t ? %; 4 ;

c T

E Je +

3 Ngg m% -- -C,% Q= :

s;wc1

.e

?

a

~

ILs."."-t4 Y-'

MM ),e,& 4tt$

5 y

% ic t

mlW Q&siv

,m h 't i

'[

vy&

y*~,.^+

Q:

r:

m

+

Dp i

v, chN,9Qi& 9 ".'

• _j;

-(

i 1,%

4 A

t 3

C W

.V L h hI y%lI

. fo

-N)W( y t

3.

t d:p w g(w y.g ',

g' u f7QQ.-1

.U t

y

• s

.. b h

[

MS v v.," 5

_ a s

n

,m hE m s w s)

[ k/

.i e

wa

-~

M~gMEQM%NN,me~knw&~w,.rw nW,MnwM-MMaMMM w ~M m at r n a n w %. m % W y

aa em pCNhM MdMAQAD NO NWN M ^M R O E4y b

-n m ;m.w.e.mm+,m~ f, m. ' m y w

e ~w~.n > 9 wswM m

Q pp m w& om-w.

.-,,-n.

Qg 2 4MMQW.NCMIWeber$ly W[Mh>W(ASSETsc ^WW ?' ?, ??~

UfM kf$$h$NW$&%s5 &i&ledMa_.=N%M "'

' LJ<.

J1. L 1991,'.; O 1 7 l7F m: ~

MN D

?

?"O Nf Q @h W @A % $ h W @N M h ? D E, ;'~~

a s 1 6,

'<c f

m[m I w %e khg M#mam%WDSNM163 i

m$ " >% s w@ d y - + n d a su,un rz w.wwwcw 3esppmAkkaymuwMy&an ~".

~..

~n: ut,4n Tw w W9 W

v. &v a4 um m mm m w r,d m /wmm

~w~

~ ~ ~

r v

nun + % h ac, - -

wh.,86 019

. Ti8pn g%n MgNMQf y

y q

A bN WWrwhiwvfWWtss$d 1 b

"%m p N ewtem e w%m-e mew e

N

@$ M%fh@M h $b M %PW % ddk:[~^

M Ni G

4 60d41h

' ( 6@%2 L@

9:

Q%dma W A%ckat%

W !%

4

,1

% 9,$nV

'tu2V &Y gW4%MlKi" 4%em-m _ k L A. O.~, f. l.....

dwMw a t

~,w

~e

- : 40,1% ). /w e ml1W W W J;f R.

1 : "..

u'69 tj(1

..--~M t30 R4

.M i $d 3gM W> A.mm.,0 Mee> eeee ~+-w

,4.ss%a w: yW:

85 6M

.u ~ $.L, ~.

em s

nw m

.a r% M~ yE M

• 9 yw ~ ~-. -. g r s qi.

n

~

w m-~ ~

.w.w--

% f..-

>., w y n;g&y/d:96.:l)TlWX PROFF..RTY. AM. [NY4T..M.v T5,1e M

3

'JE'.

~

E

... 1 17;206,

i.n.w m

s D.l a g$ Da~.~ n nQrgtiNTAst$4F

_ ~ ~

~. ~ -, -

=a ne w.~~~-+-

'i1 J

• W #f

, e@

n ydf.h s:Q f((/ WCah andrash M f,$%Qj$y gmumuman my%'"^OMA

1. @ q p!8.ste1*

• gg.

dretetusM;9..- h s4;e7s L hgph% pip" @Mcounu stervalkWi&.p%ys;c,' M C

m mum n.

pe;,y

_. m Rg NT L. " L 34 ; y

,. -o

'r 4

M dC Mwalem enbavkhs W 3414$00 and 2t1,%L tesp@rty6 yM %@q @@g d p Parm e m W pueaMlus wenblaied

,,. ~

gq u

12s4m s,

%.4 @a g d

Mp@s" 4arren!)y sehalk Mtudicustomer nwoues1Nme 01 W

M.9ar Q,[MpWGyW ss.2i9 w; w w

mwa m1 w.

. a,.a m>

e

, ' ? $Q Eqs g

64W8M

.i'

-- 19,$ 17 @

,.. x CA t Qa$

& ;m[9 @$Q@d $@$hriah and puyetmwtap ed4 ' ' wF w

V d A..

i 6,$ 4 l.., ' ' Ng. :8148 GJ Nd NN 6%

MNMjQdq@

$RotherAM$nMpM1M f

~J*.

Is' s so.49r M

1 A13mlT @E 7 Aim

% 7 Wp

%rgd 4. M@Nm +%g$p &*romt.M4MrA % m omvTv**P ".e>,e.

. v ". WM-*"T.*-m-

2,~$16 4+

%e&mp 8

. 1

%4

&PM

' u&.

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

, - 155/ 4.

M d.

O u,+ w,h.op-momW w +

ga

n. pomeu e+wp 4.,u.+ w w-.- s w

,w o

..Mwwwp s

3 yp gy m M n

. an v

~~ '

~

~

s s.+sar+e w

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

^

/< ~

/.y l

'QIL.;

[h4 MWnwdMeer smnmF*De%E y '

-L

28.6m a%

1 W 6pitermdPerryrdicWMWN ' q@u c2t.tnoj

'%%w mea

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

w%;$NJ50th A,*.-

odL

.. ? !7r172 -

713,42tf V8 W

-~-

wx -

~--

o u%

u $M

~

- ~.

s.

o i?.

' 'N.N;$

' ' ~, ) $$J $ 3,.

^, I. 6. * $ !$M%-

ue kW@M4N " ^ " MbM M[

E QN

- Q Pn.M

?

c wr m - w+~aae

+-

~4g".

n : s e' - :'

m29

-,92' M9.

~~D 31.091 V'O ; #sKe

' ~-

Q W 1 Yd AW " '. Vf f ' W M ' 7 ~

g A~ - ]m q

~ iA PJ4

' " ' ' 51 -

n 1

f Ld9 m.

==

p p>

- gm wm N.

.d g g.%w s.nn

+

a e dWh$1WHndQMtw6@ e m 'u n' '.

gw$MNMWMmpmqkdh i

S N % 058-r 3} M1,09 MIj F

's $1uuy A C J p~

i o

n

1. 3 g#pWAQq%ao9einaheviri4 mod SW 4 %

<m e

.R S:

f490s<

Low, J M'p%g E

+

g&g Q4%gbgrermeumswe:g~n<,

nds2.

xMs4mk A

w o m aty nk w d g rgdm s

e%

- e Wm.

, 12,160 4. ( _29413L %p khjpSMRAsiscaindtriingnicykhbyDM f F

A wy%

• by 4,

pqgu b e redwt u m p m w h

aOwn 1

s wern wn n n ~,t,,,nwu

, an6,2791 aM dol,sor N3 wway sme9+Nk9S

^

m

+. -.-w

,ww n, yq

,fNhk hff fN*N*M 4 g$g MD@weg.dA@&ltRDITIJAIRff!fM "YN" M-~N.b 1 Ml' uW

&+O -

=

• i TN

[

.M<

eiN 6 I

M

~&d0N.

1 Ed 1 W / A@w' e m v" we' 3

W5 nm m

+U rm

~$

g t~

V i

• s M~

H,o Al.j w

1 y @g jfattelypayile geferrMswGd kmgiem &NA i.,

't

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

s

' WP 4

-h a

L12,9321, o um,

36,8s6 L n?61M#m#.

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

N e,

m Sm r

, Y.r z.

gw p$ ~ly; - welsk W_SM_k$c$w&n n >

• Y e

NTTW %

l Mj '

- - m w$.

'y,neo,

WQ o 'Z ed k@y.ysrubpun.yn w

~

c

,^

w y

x.

+x

~m9en u

w -- <

w

[g f

ANDU Nbt*I

,M i1 Y-

[h%[fMyy@-

qQdhM[Q@% Amd*Mmnph,b5NhMd gRother&@WW%p % M f.h Q

&gb ydm i. ~

p

,. 8,b56 d55i. -M

/ %

k

^ $3,st9

.28.W Mg w

q.^

'21,816 :

414,757 y.My rvtI6u M/i 4 3 yY W I< ddf@p@M4C.letA WAN.b@%?

R AMAm@ed 9.819 #%

10.950, d W di A A a.-

m 5.~.,,- - _._..

.. 14,%8

, - 13~,WA : N.9 2

unw

~.-

- -=

g $ p W.$ge$m%eW4++w#)n" N.M i E 2 A M$

QDM%

f7-

~ " '..

~-

~~4737 11 -

.,waj J 4-ww,M3 > M 199 F

w+N m.

- *w%v *' *g---* W-ww--w e~e A

^ gg y

3

.. ~~~we IL j hg$1fA1R$MXTS$

g. '"l '

p# @@h@ wpm

• mated *fedhem@es.ex v v v

[

["

~ %

e

.7 U s2 3,30 1

g

% g gYMb M OActm MWe mnetenktdemetmmd

> p.sao!

33ys w

MW4 2-m e%.TMA -.

14.013n 1

~

-.-A. 710 %.

9 qi Q 1h,h ^ $- [#ww[ww)>l%a'f d.C-)dYiMT 4

' I.,. i -),.-. n..-

n.~.

v-a

~~.---%

~ ~ ~ - ~

jg un

.~.

$2Ms74 327,4]O 3

y

.b c

g n A

~

. +.

idu 43 W,r M N M.mmm#~~~GWW#M De 3 o Q -

.L e-w$@g%eNmAN##*

"W~

'"V

$t,023,099j

$1.09)Mi q

D 1

MNk WW

%&m$; Mp wnw"m 4 4

n mang.

a eu s

n $,

MLb.wg r g,, w@ % m '

a)q M,

-e w

I h

_ g;,

f,

T MM g/%#g@e g Q$R h W M M M M E,OM' k[M :

B eNXmW$M

'm.'WN<g 2d

.E i$$ M%g e w s~MDk$n~w&**w*M**W+"R b MM h~M M @ J M UhA=kMiMheinE M M k F

n n

-mm aNwm.mmow wm-r~

w!+W*wsM -m m ww [m mA M*W3+.

w n

O#h*

? W*** & *4 fw?

&W M

khhh ; hMM"*my*mWLW**?Pt0 h 00MKOiW M ilI M I N 9 8 ad$

.[

i i; O *[ d"@;E@pj G5 7

g by%yg$m$y%@%%%mpaW&%%akaM%a*L s

_..,e

$#p harublanks@@An @MAc g '....,,.'

nuaoe~

%som QQ

1. 2 W M $iAm patin spal 4i-

_ m heskg i

A Mi,

n,m mmmw, mnn--n--

~<

~

. Nut e n#g[DMN%@CDMQ4@j@hI ]"i

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

- _u E < 3%,05.8

-_' 26_2,05) ' tV(M 6

w s

I; G

Y NEmk bl$linds'

'I 1 Optional :

~.

• 1

' ~ ~

% % nd@ndRQQQ6 3 p n@ bpm $$ p@ % %w$ $;#Q' y @% M b :

sees p, _nt W 4

m J ga#q (mineri

~

d

+

w *: ye Mq ;pw c

'w 3

2 i

y 4

"N +s,

. Mi V E " a Mar " ? %p,

p, <, Mg

-p~rm.

M 4

we my -

) f li k k &m uNEMMfW W W p

UghycWAukeredn200Mshatep 3 f:;

r W

' ~ - y&y L

Y a

. y~n ;

nypww.w,,-

' %Q Mg

~

aya

$gg QMk@yWM Mjeci p Warulebry MspliunyV Lw%

m.,

9 @;t u osiy#h i

. c.L $py QggdMW

$76:2m 4%pg W A'

11A W1M 4 sin 9sMoe - 4 4!0 g elm.

a i W g @W h g % $.4s n 16 G @k, R f,. m..

8N 1

.tirM lla,WO.

v 10L0%10L% -

11$4 y C a t,144 :

5 11,900

%( h N

M q@egp k

iJ 1(4 200 '

Wut Ofg 27mm Mh91 1 ? M,oseE 1 4,000 F

yo$

3 W, e

• ~ ~ ~ ~

c% Q'; a Ne ph @ q q w. -MMStutsim/61mi5 td$shiktid$i ici.

i411049L v 419M9' '

~w i ee

-.w

_A}M R$h l

E$Ojlf, Idi,99C 64 i k&%q w%p 3W@%$p$$m wmmem vm'

~

=~

~~~:

m Mint to Mandsey Reems*nwe er y_

M

(

. w m n; tisss4 iPgew%nW E 8 M io e C b-T '

B U

"2 p w't$9m auw 2,s.new.ma ti h & W h i $ $e m a n u m e g' ie we w

3

. aws:

i J

Lf

' 430A lutHt1/E 14,838i

,13d48 L M M ROL M' M 00%4Ho @ M MR400 '

' x y#; +;--(skse) s Gl.5%.c;Q$

% G QQi4MahLL Msthismep&sL.,w ' ~

n w& w w n

sca

+ ;

4 w pk M N h 0h. 470$$h. ; stolstunnythletnMW.M016l 9$7MID i) $NAS4-', 034,282 f

$3832E ke k

-~

n hwhenWw%on m m %N-m%:

l f ky&wxni4M%yskh MM TranDatpraah p '

%gigg

,~

a

'c eu,%

m;.a w

+

y %*$ h @Wp,nAhwi.QiWWr6as1991ansanm6 m

e.,is Wind O Q$W

@gW M$d MW7)Cweishud**raseli*aviWdus1997through'2mlL k_

i/

\\ f 914717L 6 i99%

P4@y

%r W$q$4NSW hhMM934%)N*ds%ec#wt*W52WNash 250 W

ma

^ 4 1.878

' 1 4 910Qyh hW%

As

=tM2WhhmMW

[

M,879

' M9 l

magelim'N testim 3012 deugh101Q

' 4,Me1 y

• y 4,8701 i pgg emnwwwwnmeewaiveam2eimmuot9x

_1.

,x gi

_ 1,$s' a as,9w jAaf

)

=w pg@hhh h[hTchlN1[>h, h0h$kh n

pe M

..J_24$,230 i.i / 2.7$.NOh@%q umq w ~~ - - kf,

w

~ ~~r-~m.~ e i

-h.

[ N.

d v[.

w_.._..n-

[

ghhh die.

wn en n

-~. -

e, $"T.du m w s m@ M.

geoh.

^w,w]u hjdNdd E wI::

.me@-unw mum [ :

0-J h

m t

7

. pWBWMWghemshdit nW4 MMW@ A01b l g

,b W 51 g MM165 s

'MQipg

f

,jMQhk@htf alhaghtedWMem%dw'2002tivoi@2906$ J % A

,o g -19J40 3

/

MO$ Qelght avmge imNat ts4 due W7 thm@ 261 Q N

M f

(43400" 31,0091 (M @g f$400

(

$y&,@@9 @%h$,@u E% wishied)wasetntemin6ta20ttthrcush3021.,(

~

@< $32,190, MajW n

s t

m

. f 47,,07J J.

MM A

p p

- -.~

e

.. N k

$N k

3 n

.e, t

< $kI hkWW W wvaM %e'~md

v' e e~ *i W W' " *" ' :-2

~ ~ ~ * " "

" '* *~~ W.

.s g

~ " " ~ - 'M.

?Qg @ho%%gwhherchlissimtWMkw%FMW WMNONb' i

m gh

<o

+

M,S c 4

$dh E88J84 m+ g a

w,

~ ~-,n e -

~.-

w

< > e.n o 2,3 eypaw_w-y#

m m

a

[ 'ulh k%hGnWisijssMaibhti;$w@d e m en:e n ;'L1.

~

n:.

[a:[4[

Qk, :

h ot M ghit M bg5 k I,'

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

7 w

k

$MWi

~

n~

n...

• e(107h Mh

+(-)

t'24 i

e:

• ~&-

-+

w(0,198) wl(N0l[

h,?w f p%pB k ttm Mt k Whboonsp,1r O

FM L_

c.

.. b

+

b4p ;Tmf;ongia det

~ ~ ~ ~ ~ ~

r ~n A

+,3 mmy nm

. " --+-+ w, ~ ~

~

~~

M,l d#

, 40aAW ULl46~

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

w&m-~ ~

..~

a n k. 3 w+v e,.

< x e,nw un n y

h xmn.+..

~

w m'>

w us%gh n

b I ;N

-i' w%nby%Q q

.y

%l;g v h ym

• e 2 o

v

'1

1. $ $NM / c r[t[Y ji g W ad lml g gy.h Q @

cg 3

y n.--: g g g} t h k

'a q

9:

~

i y

w n(

j g

g - j 8

+

8 w

mu, sum ua 9

W~s$s$jM<n(g:nn%y(d@3m%gf W _~ m a

w~u* - m m_gf W m-m

1. N W

• ut 4 M i-nn n

• 4 N e-s

• W-n pg&

-me[

• n.--,

W '*., ~44WM j, h1 4

'M;C.

_..o a-v --

• v rsM NWNM

' i p.Ap n.--,mnn

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

.--n n-n. 4a a-n n

n

-v~.

w w~

. P)0 W:.-

J19801

&u%9 p

J

. w g m e[ w e h DDh k

~~.

188 $gs

. 'h N~[h =

-m w

n

~

~

n gk,b.

hj fhy MMMkI 5

. $ h))$ ;

I k h7 (

sh[Ay$ykkyw%g ennenme. m adWpn[pn.m 7 M d@

A

-.~1

. _ - ao,190 J[h $ k% WW g

n, n m me.

--v

1. umas 3 pc k

~ ~. -

~.- w 4

m M @sp% k m m M n [ x[$w.

dS h

MMN2bhMY ONMIb[m '

ll),$67i M 116l/T -+bth9h[ NMM, N

mw~

wn mm ma

. y BQigEcaA%ksdimianonstW;/m@F a ' ' e R E ET A mese 121,616:ye s.64 fw W$wphsfi4rmeadW W,

w y,s g

Mw W

+

N n[. Mh,a$Mh M,.~emks.imMke#m dpreferMM J,i

. ;. 1,.;..-..

s676L M h b'! A L l. M. ': D O.

y a

n n

ms[+1' s

.-.nn s

m, 4-h ) ' m-. N..p y,, ts u -N '.Mh$ g >.

jy: q q u. w$ p p

1 m

m 4.~.N\\,

t

+~ - ' '

+a 1

%- _0$0.

2 3WsH Jc. 3_.E 4 ' $s

. 1 M, i

"N -

-4 tq m #..% ;4 e m.

~

---

,..u~-

.,>s apc 2- _ -.,

i 3

n

- - Q-

+ s a

,ex f

~~y 3

c:>

sys c Q

h 4 m m[ @JNL

n. n ;

f c' i n Qh h s i k P P-M @'4Vp%

^

i

>r 4

(

f 1

3.

A 0A>

Y.. q e M J M+% W

>J t ?

-9 vgd gi Q':e9Gr M:.

s pg% sop 77_.sOg.1ppfh+ 4 b h (b hm@.

s g.

AW gm

• J.. u.. m ->

4w p. g.. e 16 w.. o 4

so-7.

am m w 4

1 d,bOgh,M+wp s%;r 4-d N do N @ [1 8nGW y9 ' [,MYMyi A{y( w< e(v@r s

M i s w4w3 v~>

-ww w ~b gag t r p mw-eft dD' U

1. 7 FW v<

g. '

sA 1 =

s

-->f

~

e uI y

c

<Z

.. b

! w, %estemcsMTMSMOWO CMWR PAO.IN CARTAL

$ N d, >

j$,

g www s

m# - e v

.-k, &n a as "; $

P,n.4. [y &

f jh(;w}nQ" g w h[ Q }![MfQ h$.y.f Q iJ, y [ :

t l'

t o

+

g

'-& 5 fjhvv&n.d,d M *:** W ;g. M.

h

Q

" - ~

L, c,: y y

3y.. - - e,,, ~,...

1 1 _

r~r n,5 s

3 ma

/ v -.;

w wa mg (S 42Q noyh y n

S.

,:. y

• 4 -, '*T7. '""%.s*"*4*

V'*t***"**+*.*"**'*"*"*""*+*'***M' s -

1

. e.

N** t 5

4 3 4MWu(4 Mij M,.. a 3W,M[N[V fIM[Q2 4h9

)s i, x y $gp[M@Mg[gp MM8NNhM@n$m g,

-h

- n

. 1IYtif.fftd $fAk,. 5,',.~.. J i.,

gh:

i

,a

,w mww n

.. + -

.. ~~.

w w

m## ' T@h h'd

? -[

Not SulMdle { $ ' l

.. _. ' $d@Ct, to /..

M@u h

pp W@Sps ' 3 -M : i >,4%M

%-,. _T

/ ostra mi L_. w. J NbrLRe..m.Lo.nf,

pedW f

d

,=. _ ory Re.d.e_mpt.lE L.w w@m Wdat-

. sm 4

y y

/

mmm%gm

. m 7 ::s 9+m h,h b[ 4vn n/an!n f Nenter LI M sw$$hkhn ny h

h

..l uind

. ' P4h h

M N

N N

C v~n

~n

~s s~yw)k hh h u w wer m h.g gtW sy m ehh.

$hhhhYLb et m s

h

?~bO MWitimadd f Sl },.h[(

M

[u Yhj hMM,e,re@hM,blbhb.i.MMAhggyM2%W lykW r 1.2%

J9$

W 5i" $ $ G Q p@G@h s

u1 NMww aaw w* n em

.?

< 'iMhp J69M. lam.aa mw w4

+r eh p a2 eo s

a s-a<

o-w o

. wue s w%Q Q..' l ? :, t -

1[$hjMMkshg:

p yp n

c -t -

r ethh?

Q' +,'o7 bgms m we som$h fqe M Q m n d y @ % $ H a @ ris

$)M,?(#

p MS00)n 2

i

+

d f;.

Q Dog f(eo

. yipiphk WR50% scricG

% A;,

J 3)'-

ntmo)-

lOp4 ?#

Ok wx m;w -

sm

+OiqA m

m

-~,M9 [rNM /

IN[lk

< - [63.282 $ N

~~

p

$MM MM@k MdN MN N hi

$M90W 'M)k Jdi 1[I)9 "d

T Mgi~'

y' k@W]y@$#FW@n Wyn*MW@M@MW '

dmpe

' ~

s isAMy), xR ;ff

'AgN' L fl M M8 B

"E QW) MP

,w

.y $$

dMR WVM n* u.

Am> M e,,

w s)

W4M N M is q 2d Q Cf

'OW

?@Lnmm tr(no00)

A g[ WP a

-)dsp)

. t s.

MhNfdNMb$hNN0erkWWi%: $

l*

l

$j).,'

N_

q QW)j%

d;Q0 %m g em

_t, u

p p%w%. q w. w. o_w w mw w as w m_ _

w 3m mm a

c m-

.u.

.e.r w+;,

s 4sy o 2 41-1

+

s u-t h

b WN m$

gggg[gqQMidmptbus@ % (

p?

1 t'

i 9

~

f1

>01 s-1:(5 S00)

MW)- M. A L

WM G7 M42

&fqq4k@ww S M @ n @w % m%$W t:

m w a M g M n30 % S :M S m

4654m>, 40%) i i

- e anm m

a; m wwsp wsmo u

4. _.

f~.

- -nonWa we>

on s L8inl5li.

%,3 htM9 '

S #41,90f

- 579.01b $3td 3 h fh k bNhNd h h Ubts3Ci d % U 6290.hodf7$14No!

<wn 1

e c

,w

?ph3 NNhb~M $ da'9xQ n 4 x' ~ Ring 105fAEsesiheenwitimMgolputofdesedamenta M

4MQmacG d~W '

~ ~

~

v B. ~N a%M.q-%??ghd * -? hvh.ta t v, e h-g %.my4@g pNpd. L O '

%dQ

+V 1

a-

@f Q W

>/

s 1t -

iM h

s Ae ym 1

i

$M

' eq$gf$O r:iWR '

s yc pd p%p &y & m' J w

• w n,

m w

M.i.A 1.;;. ; L;'w.,

e 3 hn.

na gt,4y. g' ;)N i

s p[

s[ [' J

.!.3[ -

w rc 4

fi'#g&M;/~# %,.

W gMM s, 6 W2n%.43 c 29 w

2 y9 1

e N b[a'Y-h_[f(?;. =. (

I

.. h 2

r y

m$M hN I

h MgMg;&@W W.,i gM

, f beggy. w,r,

• 3 n '

,u y.

M h}h i MdY l

g

,7 91

%$g ~.-Qp b M m

~

(Qld{d'N3"%mmmy#-W W M G y g w 4,,i i m 61.

j e

m nh

'g :.

1 yymdei M

l t

l

I M,E M R s M+w g gs q~ _q g g g BENEME mp, t, n

qa ag y

qqp,?xpmwpn' ;,42w4(w('n 5 MQhe, W:A hMWuM wp a

wn ww m

A,i.

OfMMM i

i

[.j M N

.j{ (QQ, M,

g*1jfotkidtdftWdDemak$lMM %Q$$n$$ggafM+if 35 l99l(([, '.O.~f)Gf' " '

M~"Vyj}g L

o n

a

$n

1. s y n N. Q inkr

$$[40'N]nP %j ".dik Mglg-sMf!$

y ~

~

l(qfM8PM WL l

$@4MM@$p$MdM((j[ dM Na lvp d'y g3

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

nC

e.,L q }g$my.. y m paaw npyn y&ayy @pisg i g y$kq p w % w p m %g y;3 ; p~ w> Nton) w: m w4 J u M @M ow3 w' 7s0 @;

n em grgliaW dnsy d M W & " @ @m fx h~g B2, 2m

. A n @r g% ug u na w e m m nm a

v4m 4

c

&m%y MswerMw%m m u m w 4':

Messi n " n% n%um 23 m

w w

h y

+wyz vg&naurat*iu.G.mm.~oaw% ^ onA '

k.

<at WM w

?

kW asagn 2WW

.L

.u-n m )

W M.m &w#!

Jnt,m

y c

r h

-ww w

~ x

. ww :

9-nm

~

if, hh b lhNL1bAbkth N bNd?h b h N i,

I+

h $U9 OS)i N j8N ~ 'df h0 pMkh g n%$$ p m m a, m$ M g y:% KIM i,h), jy J[. j MI,9t$)- +

'f,28#% WissMj d%3 MgaeQ v 3 w

e.

m m2.ess. mm n msmkm n?,w%%m& mew @hw,M '

y[%jkdbhNMMkdN #fd

,l

- ~ k $7M9 I h8,588)N 303dfM9 w m a mdO

- ~n-mm, m

e hk8 WW w ~ - ~, -

n-WmvM e,

~~" w

%~%

N,wM

?

, g%wMyn$ k S W W h % W i %

A ?.

c b

N D$

b

-~,.\\

e'~I,I M !

Ndk

' Y N A!8) m@AW

' i

<.vh.-

wMgn(MihowsFnM't>@cmfActivr~a~ s m m m ;~#x. f

+

www

. wmv m

,. m r M WE

34 -

1A.1 l 'tH O

W hf 3

EM*% $

{ ' W M y @N[w@ % paya#id M W,' e; A '

W trm* W W W W W, F" s'

at496i

' ' MM2

': 7# 4 m ihhhNp 2

~

Ns ^e yp10 ;

n. Rg N

W@h

- %g$$WM@e dp r$%NpeMWWaw@f$ "' %, 9 '

4Qu m paim M W e 4

>s 1

.1

' ' w d.'

d;/

%m% % %M=* W@ygy; E 20,223 e,.. d,Ho; w9W

$FreferredstockMs i.

A* a9,oor @1 %ocot CSCMM A

wW'.

wa i

M 4

7 -

~

gr"a/'w pcom %@w %w n":

GW NM wuq

! a e

.n 4~ Lt ggn%gymwQ.

Lan 1

mm a vnsk w

nn.

sws:

mMy

~

+

km&~ ;..L "

m 69s n %9sof now r w m tL 4 w e e a* e w w?

q pphasih m

. p%p@w. idd fer haans:ing uttyitWNM M. W:dc "

w Mp)pn.,, b ~u, <,

w e ~6R

.MM

, 7 @W~. ~ 2fM emm H

WW w*

t m

g d27 8

- t sash L

9-

.,,.. A,, g e m

m w~ ~, u.

m.

,n. n, c.. n.,,,.

g pg g.

3 a

w,, m.

e,

'y hbk~hWhO$TWWN, W "hhh.%, m $h d; !

kN f% '

kh

'y

[

b k"

k N06; y23,id / ' 37N 5hh Mhkkkbhbb

~

J

• S>,

.ME-43W2 1 N

W %hMkI 3

NhuMsg$hf@y N. 9 Mi PW@e%wea@

s%

. q" sy.coe q

w m

m o

Anh % MSW F

.:W k; Q

% MW,f b

tel cas Wed for (&&~troto) inv6 ting EtlyttitW3%nu J m,W,& &$v..

MiI,997) 425W. 3 s J9;40( dp%

%Mm 5

%~

z wv 6

$ ;W@*y$%agh t

provided

• W 2

L

@p g gry m m 7 m m s:q p'\\ p T $ y m, ~ s m.

mw h

y@9pD) w

-n m KlM1

' g; dhWMD#piessG@dedese ind4sqdatWe@e! ';d Fs $w alentg a NP A 736) O 9dp

(

gM&amitn Va%nMnnfpe M _n$) M4,810 MW8W

$s N4W %@w c

g

,samv:vm c~

yrven s

wm

3 N 8J83I{ fl l'f 04)iik $QAB p d%n

['

Cas rc g

ip 1.a%j

, w e

x Gjd MlEEl#MAsiROW3WORMATKW 7 /

Q<

W1 %

M *bk,

N

• P b

'L W MMfpA$$sh@@ Q Mh[j*

$. Qd 1 4

1@3 pinensWinatespuhadH & <

2' 47'

%f MN; O+

l 9

d y s;*#m ^ ws:4 tot, MRgh; y.jdhndedtsr@@M4%W U Wb s m" %

W 1 T 39,s12a 4

f

$A LX 72),649i

' dL42&;

' 0,2tiO I

'3 J

- <A d5M Jnawitsw% sat neWweWnwedid

~ # m KF @g M

( N $ $g % M #m$ % % w% o @ s V T n E,

4 4

&,~ mNMb MM W

w~

,m' M4

'~

eni wnn g wm e

d mbS

+

2 s

M M MMM db N#p s M N N @; A '

Y M

i c w A i %m e g rg w

y o

w.M*M h"&,@s&ASMN fu.

MbiEh"h 2 "1'N% '

E;e

.-;fd '

A kga g ymp!n^AT"[ "

-t,

(

i NMO g% d?

' ' ~

u

/-

s" r

I dM MDW 3

M 4

+

9 ph.

&w sl a

Q &q%w.7 %g( %,.yL y*,' n]e d ' pf 6 Qh ' h4 s

s

?

"gdA Q

ch 7

g r'

3+: p - ;

i y

s g -

9

=

s m

QnM w w w w m>hh hm c

sikkN d hh O'

d ur

-y +

p.

ppin, wmy :

>b re l

?

j

&p, p[Mp%hM +

h W4,,

L, v.

rA d.,

Q$y?6 @ O yk-F e Y

h k hh y.

'b ww n

. nyew s u

h hh )

[f, j

y %a y n a

us 3

@w y s Ti - 4f?

w a v.

d i

s s

ma a

A dapp4 Wqmweg m men e msg gy wyy n pnpmewwwm/pMan 3Womesse u

w fg ig g wggpQgfgggyggpp yggf v

+

pq N!WNMReidtelsOdMM6MfWC7 Ji&wswaaly9U J990M i D(1989VM www w w w : w.-

wa y4 1

p

, (Wgervgyq qMWrWQP-*e M@w% WW4 Mk y

[

& we.

c Gis u M Ax q p p pf M y m x[ *

/

2,N # $h

@mmpt m W

~ w#

-3a

• J M M % yg d T f h;f %

[

Xstid23La# ( mad NN M

MS%j%

. ey. 4@Q +V893eniritya*%w%pbyturitsW@e" m

. w i M er* M b y Ge D on 4

44 y eammesse

&4 w st om ad 4 m

M w e%me#n @,

beg,

mo x),#221 W,WIW il433S M@

g w,4gc s.,4u.Mp%cN91

$a4g td e m

_;mgmugge,,1+

4.N

. es e 1 * * -

L 1 *p Mbgg%n %N*g% ou T

$g@

99

s

%y wwg

% % rprEe 1'

ja a t > Qg%flk}%yQQtiJNCOMyTfgnyy e 5

W o 822,ee 423M 2 960 4

yg y y. Qp WS %W g~ hM

%~

6-l ;-y,

,3>>

.o

+

Q N < jgg@hgn y e

an un 4.

n a s NQWM.,

~4

.dC @mM MWNCurregttypaypl%gdW% j,.T N

>WoAse

_m,s.,u m 4, 9 01MM P +g&u y %y%%w$khkk$hMy%p dQ4&gG:w,j

(

- kh wgh t

~~M t

s,ow Lnp 3%y

. no v

e.

-y., -w n-w

~~~ :

n n

n',{ f;f h k hnn

.a N

OY

$k Yk li A ' a@ Dpfdsd;ktfe14 +

-,n@ m

+y Qg,$w%&sa%j@ur%QkM@~MW$[6 h- :J

--nw J%

.j@

iD L gghy 3:

, w

1. twi mdh DUW Mme 32M wkwwww n

y mn.--

vse, al.r y

w a ah m y!

+.

~ ~ n l

ilMd1 khji d

h t

.YJ

@dhMbh[hkNmeeeeb;ca)m.g,

M85) mN N8375 l&&-)

4 A

m

~ ~.

e n w) oa e

yh w %#:Jkwannent istcMts;nctof morthtdotWM i %Q' ^

MxW" W&M W

j.

L..m 1 2,784'

.Jf4,G1L JQl,DI -Wp L

p t

W PWfth - Am kun, M.

-~

.. : taps

~~Es:6,m' qas*i ~a

~~~O MQ.

347%ys &Toi,ir,nvi,x.i w, m.ia iianu <g<

a y#Od

'.4:

x 9st wy

[

W.

wg 9;pdf@hiiOhmgM M %w c[ m$a e[ Y M 1'G f

.h

$14STMEMDiTGA$$rnCAT10s Of PuonoMot putTAXE; 1

M;g3 i > 815,M8..' % ' 324 '

J M( Mtg.9sN

$My

@s'

'O s.

k M

'a ;, m Nn

[8.2M6H gn %oerae e

m w a a;at.

. s zi,

2 axioswm e.

e n

ym ifN E@d h g#yP*

- - w^ O m'* 4 #*

• E hd

• m* # # # ' ' "

a

,' x w

wL m%w&

eW 3 sp@@@%@p$mmp&mp%w%

mnces rDuonwcoutTa

)< @ L

,' MusW4hd

~

W63W 9M&

R M6 ttMWpanis fQ e

u

,w may

• 4,y 4 h19ersif4e%@g3M@s c:

w g(#

w

~

J gig f(1,3e0) +, dt,U3t 31 W W p % # W n w e u ncer w, w M

q(LQ5)E eJ#9wsr%g taan suw

' a(4 9esa

. - QPr6srtMet$$$w$$$qd wekedyW.u 1

j:.

1 M M Q it WM g

i

% % mseies d e 4ut

.'W. M, Munt

~ dim 0 N

'. $ g] h%auhi%t&%UQV%W m*o

'Y' W

A505l 3MW4i k

>w m gWahM@ Wi% % % 3 m a4 A c%n*. a % b gIm %g&M&g v'

+

MAR

%g}[R a 9 m m$ m h ygd M k W E.

e W nxqu amw~~www an,=D QC

. J (I D Att q wm

~,

v ww M

k f

I k

$ (8 7$}-

T8 3e4Mfki T;4 l 43\\

m$ -

f t

w =?

bgr y'

m=M

%. a,

=

'Y O!!

mdStct4crihtet0rfmeAthpW57AGimMat$TAtuTORM; @4@$

M-k h WjN@ ' & *Wi.

m,i

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

x

%gy m

. 0R

,4%

. m a w.w c v

m' dj

)V15fG N

J11dif. F @$di Owp

&m' %M%%%%s

}-

i% 4 x.4 M,W Asne2 +

' M rn tG11%.W

,a

]ghh[.

% i *p,4+g[

1

.f o

J'

, $3)

['

jj j) !@ - [.yp }w} Q W

m-

-n -t

~

4 e - m.o

% v%,bCl3GIh. - m- % ~ JGNh,e th I " !y

%%IN

- M2SITSM 2"

[

g

<ggg,$WnM @mQ

' Kit M M P' '? W).<<lE gd t

&ey y

4 <

+

i q

.3 j

4 4 MmFetxatecfMWswestatM Q(lWO

, Ql#K a i TMSfi

+dg R$hdMMiiWtuticNdMglMWMM ',&.

M T2,06%

Qtso

@)j&l91g$R

, DRWhisW2jrBM4WM, +.

F,,..

,?s

' M 7;t7) g n. ef 4.. M00) qM

~

f e NO

=xs wn:k beh b<

SO a$24,800 L316U5!

/mn n--e bhbl n

n iO35Z fg:

M3

', TW 4MMen}

+

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

. T. [ M e

9 7MSMM

..u ;

i h

y, % @& %[ W[i V ?. W

• D L

MU 4

I Ob Q @wm

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

a jy w

's t

'M

. % p e m}'

W?(hCu

_l,

'ii'

/ s&g&y)%;3 -

F a

M&p 4

,5 A;

m QQb Q& c:D

-]

? p i @m xl W ' ~ '.

f gi t

4 s

w re ha " M g>f M

-af pn 45

..}

p ge e p(

'4.

W fi s

w e

ff 2, QJi

? m ;a'.

,N i

s

M E _NhbkN _@MNb)$ M ~

EM a h hk Mb

'S N b "Nk a b N J

f._

1

,fd a,

u w$syg/m@ h Twotmeauews c :

s en@sh61pMMI pubsl$styMDhis EdisnM VsharNf the f

$ mo l

tie C my3 1

h6wiGMsdidinnWideidisi@, RurrentdcW;tspppheuks46.ooo,t%tadfhLestinialesi j

. Jenp a - J gpeeriba 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

%w%hh@@e% Rsen%grtads@ churWObwd mim #WW*

g-ta wen a

n mammnue i

~ $0MMYnNbdiendi417:%TheComped M 6FN#mdm niid thm@Mnd d the mgKRefense suemL teiewsewna dnis/mtmanB(W QMW#e##canan@6vak@%n t

.andaher CARDwmpWsn a

hd$ mm W h $

s gated to gy avhare ohne consinictan osa ganyytntig #

g' p#g4 enwenntn wmyectiornvith a ree phaseta plantaecew Whed facility;in thei me phipakin asits ownership

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

gnduairal emusenietepn its com' piny s The 65pey s p#s9 uf opeur.g 4xpd@eant wahi h pa thholesaie customerssbere vm no;m$ca aren mig 4

4g aterialmncentraq

jointly ond fr19 tid induded in the currisv>ndida verringa e e

4 h hm% $ W mDbMs n b$ m yoM inl nes on the Statuss of lin Thenidsts kflechxl m:0" man i

mmatawwm suanashewenaiocaservnn: s y+Qpfp@@he@rwise recovest throupiduw rates from its y

pangs $guehsd!)ct purchased l Jdsde the following:~

mm m

b' ~ # '

1. M i!

N_ yrh CCUStumtr4 th ot ot

%powercu_in

..,y c

,mm

&s f0d@l MOEr!U21YlCVd eft 04tre(ECit)a

1. y.

m#w,c rwe m

WM5 CCMidth hkiSd6fMNSOf foi(ny$(,y (d UnderL '

w

.m-wg 3%;

wmy 1

a ewi N,.SiwL=1 M*C 7"*?%"!

.%An W

[$%IfstWfniidManhh%2ted eachM AmsdinglyndiiCdrdhiffitefits the dlffeienisl t

CHN R ' OW 18 W* d * ', ' DN ?

[l%himonntesi@wcomany%%c.

, + *

a

%gg svekt fiomitsut6in "TnafA wny %

.: wme h m uc wm y, w,,;.

gMQ3 4

. to;dedwsacement wtucwts:recovga rra cuanmy me,wng M :ttusspM~e ECitWh4gim extended'6utate T BedrNalleY~L "LG***friW C ' @ n 38 90:

.W

$4FH p

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

Ittry C U-.-

i>

. MMi 41 g_.%ttsnjst 3fa'r.su. l,thiudsW ~ ~ rec.o.i%. is sability f.s?

x - -

e

~

e d8t000;~. dding 81 MOM oty

^ GC j

jyjdickkNON}1hid@inthdkly

- a gthE stimh reftr

- d[b pggwof WTiiaombraa$lh% d4thMhd fdutth lKMppeald tdNNim6n i

- ---. - ~ c--

7 essi mwa MN' ~ SNW2'd PM '... dU M

• f c

4 lhe IWC dikifddhi c6dsiitribdtahk fo' die Cdmf jm@a@ ngumagmanjese paywattdMag the t E ? Dein1988lseNMsipMselFEttfUnitgcapacity fron{

$ psi %pdrd W

ars a MmaW n a top 4

, g;

• 2 i

$p&i9neannnent emiescemraMMehmnenL %+ymgge% y%

leW4 Els@!iuming@igny grjnimided eas M < r me%

lig 3

w~. 7 s wmap(rm@compukgThe compaypruii&%. ;

during$mpendingtheouvaen fdsnhquanerdfl990lwhichi f

W N /2M,

~.

$$3 M m MblishnnjM@W iatissonoctubd 9$/neOnitsil

,9 we m

o

. kmindne My, g$msydpmseCd6tidenkdillisD%njy@petino@mNdtip %;]e

,e

.z~

~.

~,z.

ThqCompan~y amonkes thel cost d nu,dearjdei psed on 9tN rate of consumpuon. The Onpan$ dertric rates ind*le)

%g

g. j fggy y y y

s ymmnW*w$e tensim) of sps w1m fuQasedy f

90tiNi@MtMcsti$Jtdiij pisitknis tiieq g

wm awe eewams fa m a gy # w hg m$sibdnndediFfdnseheiierusadminisnive

Department of Energy 4 (.

t gsudintM

@ pcQpa$m pDg @ mc W,._

y4 npresims (mandr'g mu capitalized m wnmeten wk@

%ggg$MO y wf M g ~gddstsici ggggy fdpfsdsssed'&irtii Sd idnMFUD 4

7 t

M@ksWMus ses'ss tHenomaa i% pugny icsNhe ChnhpfdMS fddhition 66 a M$cetmen#The ben

.- PW* Po*@n ref! ens ceiisad i!acast Payment 5e fu 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 #

Mosts:appieabie toittowneshte interest in two nudur generat am nu ruemo we uu9% and 1o.9% in i99i

+;,.

'~

' 1990 and 1989, naspectively Capita!!zation rates for tuterest on c ((b nudear fuel were 6 7 %,8A % ary,110.1 % in 1991,1990 and '

^

Y4 1989, respedively.

ps q

4 DRL ~ &

ahh h

4

~%m d

j 1 4 %j%9 % w '

-O

e nAppa'Q sarWqm mw. me eMETWW~F7PWTI*M?"W9 w@.~M r w" M _, d a

[

Q.i Ubg y

'7'"

1Ai r'

T44

'g

' 'l1:; Q;E;W r

&4< k; ll&

/

^4

W d

$ag;7 j w.7 o

M fm af a w

1. 7 y

,j sq wma%w; k;_%p%;v,wm.,,, m -_

x.

y m<

,~

q

+

n

'a n

yh.p#p@qm. ad!Wm(RUS to:a!preVision forincome:

(The and of th.., je phn consist primardy of c p

9 x :

$ % 0 tsicUrstna on'tidta:eOnts of TadThh (idrnd meme 6 snited $tmesjoyemment borids and corp 6 rate b j(:S N y %pu$ thtdt fmditlanog diffe$res M the wwgnjthsiot revey cin son costs for the three years ended Demmfd % 19913m5 w

m w rin ind s iogparmse m comt computed as taowse a

gN jiDp@ expects { hat $fdred thphich have not heen provi&S 6...

y_

'g g

lb W: %!Ncollecifd, from11t,s customers whernhe tans tm, ane.

&&*M-*mm W-

~

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#

1 x-JsC id h

. M:i fiskristEerip@ rodded wrehppmximatdi310O00,000;

84al@

AMT M

PW 6

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

? * !( * * ' '

8N-N- ' s d6i f.

4W UN WAi Q q$hNamortJzeMar"tlsesdantlife of the rdated propertyx l 7 % g sm w % w g a,,,,

+g>

We Tremsnyanyw weiygmooooraernene

["4g] 7;ndntmjn tu credits aval)able to offset future federalincome Lprsent value 6f the projened teefit obljgstiott war,9 Fat.ML y

kIk(f We5 PayaNqsudi crslits may be wrial fomniin&firutdP j

the asstuned rate of Increase in futste comnsmatbrdevds used t h.3WJM Amn g St:4d@arMMIssutt

' to measu're.his obl%atton was 5 % ideacti ycit. The assumed i h qg(ystammemof @@c@ongngStandards(5fA y

expsd long term rates of retim pi nL/ assets'were 11(in t

gsnmgforhmTueshhWamagother&% -

P)] and W)0 and 10% tri1989; '

^

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

(Tlic Compmy pmvideia minlmsn aniouid of nohco il Qg j @r Merred income tues! Under th~ts stindard tMLd inmme z

.tgry life insurane to retired emphryeeiln adMon to optioiial :

y qMg ?ta.ifabilities mtet W recogn!ad at the ytatutory incutne tax.

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 My, 4@tde:tefasplat hm predousytren llowedihroudt to thel

) cumhancesimdr nylvoi Tn Cephy pays hisdrae b w q

yg ompan ustom9rs imd gessted 4dbrmlia luNiityi

%gg, MplicaN@e pthe equity rm3ponentof AnM$!nce the Com :

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

! [i @}pfPany !spes the the add @al dektredMa@tks 50 l*d M1momu up to me Hmlh M 6C

>Jp ? Y 4ssochthd with healthlare luid hfe ins t

w%[g'4co!keted from its customers wtm the tu Em diavd 16 income miring the sppficaNe paymem periodsf i O MY@yecpip(d to adopt sras porto9_penue; The s f4that pn&du futnre i

andhomhSR000 7

q 39% gig 944,$3900 ad UWnM' p; comp is not;nguire unti!1993J1og y

4 wwomerw*wd mewarde*ly, 'w m Theusn a edsas m o6 % m un g a

g9Wtota! assets youWmve Inhened by apprpunse s for Postrdtirement Benefits Oths Than Pensions /,e which modiL Y

$; gy$@0W/MW t$ netstal e&t toyet/ncmaen ' '

<d 7

l Ges'the methsif sibe used by enterprsto rgo6nt for hther NE W9WfTM"W88WM"M, ' 1possemplohindbenentaf t5deEthegandard tis Company wil!b h

} M@4 g[utorygntp4 tenent pensionphngers almogall id-time :

Q d ploymn Iwfits to anpW@ai tWir bendici 4.r dn@d f $g3ppMdenph 61 seye.d compematg%e company:

g em1*gtesStipm retirementpoygspm a momhlyl%

bM M 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 sivelyNJ993Ded on E f

s ygynts;cddedgterp99k 1!

i tunent plan darYdgraphicsJit liestinuted that annual postem/

N ggy yg@enggg%asnmtd daamoimeet.- and:

lpgymemwgcmmgglseekregulatory'appr

,pproim,g,

y h4;Mpampgo m myMae

$5000,000lThe Onml my;expscts'to i

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

' hu%wetg'c Ltaerer me t,nnwa amus ex.. '. ~resowom me re., m.

a w <,12 w

4 u a

?'V' f'

~

-e s

$6[i$dM@sysni~T"

L3I2*Ilfd.for future c6flection from 95tomeWlf approval l$ -

, ;j W

grantd, the Compmyvbuld riot' expect a ma cria5 advess d$y:C@Amusu:hgMcW9 " T fW set effect to nel incomm a tesult oficopting SFNIOR j

^

e a

v 7.

- -Q wwmnamn

.4-~~~~ ~

ep.. > 9ymeww - ~

e we esm g

if!MrMtE(M d%M

'lMk

($WM1 swywwwwwWw sw

'39W2 -

a sw Y!W~

. - : e-m-e s-,

y-

-q

~

u W Em emu.@ enntw(pnMMd t=WPdNg9n~ -

A84 M46) y amu su.<

.;.,8 e

,([ y[ ' hW

%Ph

' hD N}

NM Lj 1,

$@DormqdMtmwW w1.

1 mgtet pm ew <m -

wo W

v

,7

.. !!I.%9 -

H M W),

s m

~ _. -

UM p'1dth12WI

[

$ ' d, oil j IE i

t 3

[{ /, /b f

"i h,yMW$

('

3:

m 1

e hn

-i - ' - / ww - ' ' ' - ' ' '

L L.-

mnq%,]yMMyhy@ppMMpY@pnw%m%n%mg$-@WW;x 4@M MM, m

mm mnw

$,,pr#ng h#w$r$N9tN m[ pJOi*Ayk;j$hNsrmQ@g a N

f g

g qrg y w w g w

n n, + 4 VN > #r j+n n4 pp N w p 4%,Mgfy 7 m ;-

g+

w y

2 2

ii _ NgdyN tkkit y

,h ; s.-

[m e

e 4

=-

e, s

v r

y L

s 7-@ [ $ " -

t v

3 s

w$1W $xwMw? h&&nm$ WN&sW ' Yn&, ' <

%?

. ~..

hW R

V5

%M ww. -

wa e

.M n.u

+

vav - w -.

.s s n i

hh Y H

COW dE F

$3006 @ no ed in n On @ M pl3d samud toj, /s

• 2m* ld e

f 'gaanwateasmp%Wumenworr~ Meani9,snasas%nteaim $AME Nonitkust24@jlithicomni i

dtiseinifrbsg#

JMW E

w wcnnms$xm'a@& 'R4, maa,ith Ib, i5IDCrCGSO thhI fh@ny deierMk a

~ m a ~ w~,o

~

'h.

a gna e an w m v

If g. ' c ~7 V$MgpvWgy p Mr

((n gig ((jDd W nd. ?-

O q,M)pradk@MNSwi!$

Q fwag:

, dnGM m laXe5 br Collection fm~,m ChslOmers in $e fonR Of 13 s

>m

. ~

e-e

,em,

,;<w w

a k, NN I M, 7d T

f g, pa%sggg@s. gWg 4g;, %g ^, Marges elecific bubiTNhalance kmaintto i

apwybw ore s o.

s

~-

m O

b.

fk

[

7

^

]

h' sNh J y @m,mdesv@ thh~& MM %

~~~)W~. m.n%, g ?3Q.m, Wi 0ther

)

W r

. p%y Am n

-~

]

Nt N Nr Ob MIMMh IMII 5 MM The hp$y hC$ (Eft 2k{f3D$mh${On f (Ohnj"

,,[b Qh$gg%p1%clearfwheth@bNhhN NM~'

under omcelaNe and nonom( & leasesitonsttentWith ihn>

$uwhwrenL a e A w i puter b4@inent@ffdspxe and hther properti ind s@{pmenth y~ "

W vepnkmeid tem A 94:439qquus, car

- "" ~. - - = -

M

~sk 6

W

'mc m

w s

~

E

'm-h b MMSIMk t

. MEN.

MMb 5

N[iM @% Wdf C[Npippgragg" Jus are#mgmi tooperating eqwnses on the Statemt[of w g,0N,=

P934

Inane. Su& costs for the three years ended DecentWr 310

,s hhMN$ N E k?%phh., %

Y 1990 *"*N'i2Mk 9

gg4mammeS me am.

& w#.

A a

c w

$c w p a rm eenessmiq q G /P 1 @ D,m

- mm VMW&thnM M A st UW tW

~,--.

-a

. ; W an~

av pi/@x Ohrerwmunnn#himst PW341s (23M '. 2M8 C W uk W $ m

.81 5 '

' flM sW W y ",;

tr fs we ymem.wMe ~ ~ -*" * *; ; h a cast kasM \\

MH 1 UW cuW F,

=

a _

, @d _;

y WO y, dM,$h[(

.Opersh'4 kases (,... ;

. %g WO14 W mtrapm @ % \\ y C F3 M W h 4,3 h, ion

$ u n_

' ' head gium E

-~

-g@,s jny wsmy ' m3%W

1. pyQM$hortermhainn fW k-QM g s

~

)

s

,g dhe'futme intrNmom kEse payments mo!becember 3,1P

'.4 'd.

mp6@y@w a ~pn#nonWpptmo8A,ll temporary czah j'

am-

.m

.1 tgutt su 6 p~ g" ' - -

1 a

'99 ~

dhavestmehtsjordta dsitMin'inithdst(inty%f threciuonthsa,

f QW M's gMMssire iepbrts W equtfalents on the Balanssis c

v' W&M pf $hET3mpanytsrdsump6rary[cdtnVestmemsRoost,k,C,

OWM" N,#

M

'D/

- j g?***Qg%@y

> kihi(dipprodetssithehusisth!depcideishfdrandnisn l

~

m.

Mvesung A#ies includecapihimmutima amounungi v.Na 0

mA E imkW

[a-@g$pandap(U9p rd $8#97,000 forWyesrO990 ;E to SQ43M

• M M

Wh pew %

A W

L'1

hr%egu.%mmme. ~rateJn%

m-*.

• +

m

~.-

isu n y g.

r u

.~

4

-~

gfp-.h

@ted)he(Companjybase crezegeffeWiQ@$amWMmeg '

2sAW Wwe May#19,884+ signed topnxluce. ypro.d. cnatelyn

=-

.- ~ ~.

w w

e.

~_

<= w am:

,e; v,ww 3p M.

c

.~u

.c dddiODal 3Rnh3I Oper3 ting rfVeQuC5hThe]H(

Matema WMW j$n (j

p i s 8dasWphbsd@eppshears7Su<h that all'amoiintU

1. ***ZXff A d d Mil

% Mdekirs3 dams the pha@EUUt&t this p$ ace aplp!Wthe Comp dperiod$1WfullyrecoVered tiya 9m*59 W er*0*eM*=$C N H:

hein M*"Th - -

wi--*

J

[$Wthuniibftriefo6rthpehjk9MO$tildillyinandtbpr psbriaietyC

• • "'N

'~ N

,?

, QuwMghe@$nWWonGar3nhem; wwg y

WMqspggimpleminteq9she;difrem"%

4 EmsMniEHonder the company % chartercthe ~

y wsen@acees emaitribitted andlerweet@tet would haye !

Noepanevanwame tmrdstrated for paymeni or c Mk W uMheP g

as shal i

$gamugenue$na%np%gpmp%ThGmpmf

?

nda %

Incemidi199U " " "

• ~ '

EmW*We=8 Fevia

%PsismThe companyr13y, aivJ in.g' %

M$Q@M@lweMwsedgmatdy# deferred in1990;when ates 528,000,000 on att annual /

mf pnfun!Mimm;risons pMyeadMmpu$

p iarinaea s31 _,000

' thmughtnes issdance of securides having intuest or divideni p@ggg@p"I*@'"#"@p$""p@"ymtrpdying99k N

i2

• """""**"8

• k nu lenda the dividmd utes 6f me wries teg re&cmal q

c All othn prefern d st&k may be redniaed in wholef or in parti j

4 M ik','g,#Q, ' M

~ with at least 30 days but not more than.60 days nouce. The j

optional redemption prices shown on the Statants of Capitali-1 4

zation will decilne to eventual minimums per shani acconting to -

}

gp wg s

4 pmQ 4

the Charter pmtisions that estabush each series.

j fM-1 l&pc&m,

W A g a v; g

g m&sM2 & r:

's

~>~

_m u

agj v; w:s :

l M

Q : gm, w '.

M+ P D

% f[ f 1 8 :

p,p a#

i

$ Ma%h n _,s jf

.nn QA

[*

[

h ka'[ h, J t' $ f b [+y "!'

w

~~~

w.

x u.

w) hmhra $10cil $p,gt THirstiAmtQnwrioW ;

'of credit on the Compny's unsecun d notes / To amur the avail-

[$$h. (AIMualjintPig fund)todsh4(ohhd Compsny's preferrai aNhty of these linesithe Company is requtal to payivmmits 4

p > ;9 Glock n as fotMwk

~

L ment fds of l$% to !!2 %, Of these totallines, $h000,000

,9

@ih 2C.%[77 Jg~" gip ~

jh,.

..w spire jn December 1992 and may be cmcekd by the banks at -

O

,m

%lQEMG

' any time if ungsd the rem 2ining imes of ardit are n6ncanaf

~

P cWU inmR J Mw

1. nm 0 aNe and npirein my 1993 NMk' k dN Ijl[

'pg The Company also brs a cndt sj;rtunent with M30u -

~

4

S4 w

4 h e m n e m n n % ow fun e f = + a h n by 1W v mw aww

% nit.2e.e

' isting unsecured notes at the prevailing prime or sbollar inten st L

@ ' W[ j.

,3ff rcStr@h ntte; Under the terms of this agreement the maximum Wrowing fi d%@:dsjTh@kes are dih!wiilvd per share plus accrued b WWW h me WlpdId Wm Op xnpaay's dug + uCNWmm for the nyWmwing tmoet this agreement is ca:Tently hmited ty the g g g nextf ars 4 ITUC to a total of $50,000,000. Other company can. terminate M:

w.%%,w~.. +

a.

the agnenmt with six motes' notice.

t, Aw 55Snm.

1m MM39 W20W 6, COLDtTTMENTS..GUARM. TITS AND CD$tiNGEM6 ;

$[N

.A' Q m,,

5 Cosatc;w hacep The Compny's current Lodget n'*

fomst reaem onendaures w approximeer 224,ooo,ooo for s

4 pnmerty addMons and improvements front 1992 through 19%,

~.

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 h3h. j f@m41$ 1EMThe tdortpfe and its supplements, Curn ntly, no signifm worl; is tring performed on the Uint; g

n,

& gwhich secure all of the CompanyMrst mortpp honds, serve

. and the Compny does not capitalide AflK Until miew of the.

i

%q< m@as direct first mortpge liets m wbstattaffy a property and g

status d f erry Unit 2 has been completed, there wG be no dei q

trm<mesfothenhsn)pdfiedy impted pmperty, owel by

. 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.

n,Un%sa.

Unwen.

,e,med

..m 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 property

. ith the CAPCO armngements/none d these attematives may <

j t

w Mn idet*N20WWdie requirktamoimt.

be knpiemented wghout the wromi d each M ce owne

[%P $ Minting fdnd riquimhents fornna'n series of fitu mon <

of the Unit; in February 1992, Cls purchased Daquesne 14ht

~

M dige bonds Mdjustaring icytthn detstl(aduding capital.

C ompny's ownership slureof Wrry Unit 2.;..

C g

' densed for the nnt mtyms me

~

As of December 31p1991, the Company haiinvested app n,n a

i M

matdy 552p00,000 applicable to hwy Unh 2c Ddy in the,

d W _:, m c h

'e w

~ --

s 4

aM[,, E 999( ' '

' completion of Pmy. Unit 2 can be epted to imrase hs total

^ "

[

~

g[

?co$t }iy 14004tSlWhidi Ife D0t preMntly detemdnableh lf R g,

e*

g Man ha decMon wm ina& to tmninate Unit 2?certain costs which are gy am

• currently assig6ed to Unit 2 would be reass! gnat lwhere appro-4 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 1992:-

Canpany is unde i predict whether the mostructkn on Unlt 2..

ki b~

DThewe%htedaveragOnterest rates shown on the State,

@ madngr, d mntinuede on what insis such conunuailon s Q MnieA(of'CapMintMn rdme to idng-term debt outstuding at a willpr ced g

h %nDecemhD10991. The Compny's cN%ations to repay certain op thnd sitmi nmenue bonh are secural by series of first s

@disiggiboS.fsmd/in sne ctses, by suistdi6 ate Uens on the dlm" ir D, ;". z, frelatedpes6dindntmlfriHties? ".

3 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,

1

~

r s

t f %,,

qq ww Yj dddOMIND

%M^

Wy. ' MW #iWM S/ M,

M w-s m

w A.

's jD W9 pp 1 m _

+

,e_

^

MO,v.g

~M - ~

i l m lS Q Q Q Q ;-j; w <

t'Y

_y

yy N!Mg%L W

... M 4' '

s J 3~3 t%TES mnmxd )

s 2

s wy g

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

[j,' A :{cusinnknif had to the(Ment thd the fERC revised policy is

' during IR 1990 and 1969, itspectivdyilMr the coal supply _

j cppplic$le,pider such 4rcumstances, the mnainlng cosn pus -

contract l the Company's future idinimum paymeat.s are;

!C Ut retuitron the unamordzed jnvestmmt; would be mmem!

1

[N

! from (LI FERC pirisdictional customersc

~sT-~

E55I

~ ~ ~

~~

[

< dELfNNttMa"The PrkbAn&rson' Aajlmity the

'[

h 4

e pukic LWiity rehuve m a single incidem ut a cudear power.

w

. won-iphnt v 57,44f,000,0Q0i The naiount is covered by a mmbina--

e MM -

P%

+

(%L, itidnhiptivate insurance and[an industry retrospedive ndng (plan.'Ihd on)ts premot ownemhip bietuts M Bester Wiley hvimmotmHWriom fd' rotate and bl 4 T rdt i pnd Ittry Unit 1/We Company's mxamum potential '

aueori'b @tahe Compny** regud to air and water U

,,4 Q ymmt under the industry retrospecuve rating pbn tassum^

quey and htkr enviromnental nouers. The Cmapany haa

%$ pg ing throther CAPC0(companis vme to contribute the!r propor~

l7i estimmj dL1iona! capital eyndituns for emironmmtal' i

p g4 4

tionate$are d any anessmmts un&t the retrospNtive nting comphance of appmomately $11200.000l which is endaded he l6 (,g}l$ p pluQ woh $1Q2Qpgr incidmt but not more than

- the consirucion fommst undet"" Construction hograni" for h'h' ? A No suNect to an idditiond surchuge amsment under thisaoype yd for each hiddentq

- 1992 thmugh ff%

Mf

. M an D mh d 1990 mpire signiAcant -

h; f@ pbn aggny,atingspproximately $7MA%

reducticutof sulfut dioMde (SO,) and oxides of nitmgen fem :

s 54he Comprny is ahinstedfas to its imetut in Deaver 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 and decontxnF

%Ournmgless 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 '

{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 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 &){@imts sting from a pudmr hicident at any df t$mpany's e

g 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 1 time ut effect with iupect to that plantito the extent u nuckar and analyzing varkms comphatice options for fenibility, costa l

s h

[brident is determhed not to be covered tr/ the Company's effectheness and degree of Rexibility.

[' ii$i{ "

g 3

la April.198f( seved states, the P:ovince of Ontario, and W

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 7 7 j.

V P g m a p r @+f k k @m ; y %p q w n p ~$ d

,jaju gs g g ~ g 9am e

M a

s

• y#

'g.,2 M N NS hM M@ p By %g

~ A, i kf M: m h ~:,,. n o n a 2 % p M p 2 % m w, a% ym %a my%n

%R vbW ymu

,w I

g yid e m." k

.x,ap

~ di.resse_t. luwbOWv MtA hich M.

e s

c h

N O!I e ~e YOOO IIk80IDOIMIIIeN TeIIIkII Dpt'INkUg ftSU bk< $

h

~. ~

b 1%MWivedfMn%hWffliAMrdtMik%%366ilNhlW[

I r

i MMN.,wcan MMANMb,. $quaner foO9WandJ99QiMCTF j

h

,M%e$

N M

- ~ng m$_nkKdof5Df4CtH9tuly _himMfoh6e m

i.

4petItiO0dnittiM,sf04,W_iesdiin16Q,hfWr5d_deh@e_dihML w~uw#s,I81,1

of6i.M_

M

- a gam r%m e c f0miallon R, A mereg*mnaen M

.f i

, mw m,n,n+me kmp%@g q

3

.ggf

, i ggg~ ~,7 p3_gggg g mw+gj yq g

g g%

y M,Of. tS}4Wid ag g

4 Nab & n%

w~T Ni

+@

- m* - *

• "se w a*%

b, 4

Im t

gu weesma m,uuea,u.m~ ~ $,M NN c m

u,,me e,m._ _ ww w w_..w_aws,

• A h.. n : ~ hM M~_IF O A H8(3.1% iIIM13 D IU.413%M3 N [jh 8 ny m ink

' tecnetheamm;t4fstaitMNMhyantWCIDs53fod!Ditk ykhrtl0fl$y N

N t,Wddor "a"n*>ean reon ca

,m% am:W M

on n

m

...., m~ e

.1 mm egy-x um,.

yg 1 70d ? w" g_3 4 359 9 % N [tp g,.

.0

.. l#t$t M flyMjei,, < % gyrp l # ';' ' i 33g331 wc s u O,gg,,.,., Ap, % 7,q,, %

g MNMdddkthdD dd10);ln@iUlW MS[d p $iiheN I N ded N Y.

lidt J

c s

w

=

g4 g; &y

, m. t 4

m M

y b g g g+ 9 7"pgipg 3MCF "g21es%gg:gw st%hsytMi0tindOhlindihts m~.itriid ~

Akm w ' twe we

1. ~ 1w men a

%5 pNdMm upf0 mill

sii, a.

(;

w wwgp tidn hstmin S

d4 M M A.V ' avag me siswr, ssp u m"sca% eWi M W S

+ e ;n'ewn e-mh ~~MMRWM ww y

M_ieW EPCs, slir.4w@n$sddedeWYd~ild s, th itin, W+ k > #@0pmteg D efMM s

o n s c

yNIh~e~fMMM, MlGil WW U$ a J,

11 T "1

L Mi,2 W n M,W., n 4

?

5 t

s.tri.nk.

G m m sowetV

1. 61 w :

JM,.

p m.

w nn v m+

~-n

.n n~

g g N

F 4

l N.S

g..~,e...

t e

g.,g

,4

+ g

,y a

m e

m

• m as aw m.mW %

- @fI pnd:uin~o,Mp u%np,rae. m7, #m_dic,.e@%a., Ww%e n, ggg %ms s'

.-m

• um of the

m e.

y%g g g g, s

W.

e s.-

~J

%Ma c

gg MM< yihe ~ allfRNIDd itgdisdOGS COgritsg smad m g -

m 3

m 1 va

. gggg r gggepp

[%mpiinyMhMMilkMeidfMSOhionttit[one[4; g.v p

i ggggggggg g

gg # #, ##

1. # # g% %p g Co

1. "" 8"*

m vwM@P pmw@em@ D e W @amhMa @ A W

A CFM#

?

dt c

MMaM$58%gnMthftiltihidi#AWthesM%lM.#E%$y%

'W.

m + v* u

%L psd iahk ti C4 C

kWhuyA90MeTm%n%u&M%uwC Y't 4

< Gi&

^

5 ns n

epanmentot N

hWNWhk&y a.=o.,enwegu$ e w %

' ~e "I *

$w Wk$

YYtW Q

3 resi a

+

dElMed.__inidh+hn@p050UtgtNMOAS Objecdog M d igiM 4 %

". W W Q?

mp W,"+'

w".

u

, ' ' Q1

" ast, d.

m f G Dff48 M1 cp

,an g,

MA k

y m

w;w t

_c mes@M#ewen@d id baumettfanveh@th%s n 4* M merese n

xe' pus 2 Wards

/

_ Mis 17piareid5id@eAerWMn_Wposisad6# h. 7 M:

>4 a

k g

kem

- m me n IODtff!DhlW8 RfWid Ol4 mC,e nWfm/M fe J

A.

-- m c ~p

, Y$

9 rn.

n o~-

s=w e

m sund_ nam 3_hener l.tre_ ems.

y m m,mpst anr,

4 wi&nwra 1

r

~m g m

m s

ms W

3M % T !6,*

3 C'T,@

F S.

+

&^

. w-nn

,W W an.

n, c_n sr e

-,~MM.s_m%D$ 3ddIUOD3I Dip!Ik! CO$$/'W O W i31 M,M. W dth,rhed.E 4 10 C

a m &"

hK4%f$

1. w s

hlIp207 c

sp+ m.g~ulist$M(dstiffeguireditEMW..

"i i '

. p#

' linifbihs L

lp yggwggggg v g.

w.

w

. ~..

h

$hy k

pf

> Wen %wy' * < <w <

u w

.2

' %pgsw '

4 w

h Cf

?

y

%Nu e

<um; MN d W W 2 s

c.

WWm ' n n

'f x ]m w hy N

• ?

9 +-.v%y%}p g

mM t

r 4

!qq q.

9 h

LQg hw e:&nf

^

n y

4

ga$khh,$Ikkkkhhhhhhhhhhll WQ W yupm@ $eh $ k h h f?h a Wn$$f kbkh$Y,i$,h N @ w+ w

%m%sMMMi WK%M

%+aw N*

h Wh fh k m*e e m e m m m v l 5

'n 3:%+ $ & k I k f

l

.+

e-Jya ww w

fp L qg@;FQQMpfQQWgggpg ff, ~ JC

~

e

% w wwegg%gv u.

mm m"

+ MYi

,9. Midhnl6fhlredersjMp$fW[$%-qmy dia4,7 %m

'f[

fl2%g%Q 3 '

t Ckm $ g6 i

{g3

,i s

2

'y-

>W f hhrt$w w&e g w'9:a2%f m M{-fw., #hf&W %%

. d ahh l mlihseg u

c a

mr

+w x:.

vg

+

i e'

e s ynM why 4

n(.-gygg g @,+ g h^gdit3}%c

. -., lggd' h' k' 2n',d,?.N'. ' ' t N' MU 'k!

. ;h.h

'lyg

~

g7h)hlC0Kb.,MtfitM,k.M,kgg{ppp w.n

1. [h m

f k, M ylf%fikNFPT MjW})f(3[

Qh@9@w$Mbahspi@pEsoh and Wotikhal sutO(lid

$$ntWildhhi%

6M ' *,E - +

+

i

+

,yb$

m dMsMt9hdid1$adth 7?<

m w-na

~

%nn w herpald-ilit2pi~t;d,w ~ifDa~ysidtanTor:esch4f thtithnt s

s:#

'N gd dis why9t

. r*

~w (dw$NkHnMtygexpresserdrpnntion60sshnci4 -0 c v # e @ m c

w w

e en c

= emenc efw

- w=$

's E NMM g

1 m e n n u mar e n v,

n h

hhh!MhddhbbtkuditNd Ukhkl kllhcs M

kh n%n%%aianduuaukiuswe%ewi6w 'Fnsuusm amaskeewen

. L "',

x x

.w M

4 n

e keggwhether the Ansvid strienetttWe freesiinsteriahn!sstr,.eW x.

m

,u esamanneeagemswwicssgene p(M$gg$$psin@tkusnisiddWhlk $inaatjts#

' %' ",4, ;

h t

saanaea@cantw@emuebranvemew*t ao@@nWWhiny y&

'm sa nentsh

%gg

d. P%m%@desdatsdthe oveMl finh41dstsment pretentation Wa MS i

M c

4 kMsdnablebasES i

W4 w@$4@@MWthdlMasditfR$aeanse&<spind.%n Ty scen eneown M

N l

T%

4 N hkd_Massythniane_%iungbtsadummiastsg

h*%M

~

e n QN h

It$ h$ opCfMhnh SidNs C8Sb BOW $'h CSchb b t

.' ?'-&

L W

, p-N hhhtlNIIkf5hNkl5bph_f!ddftgrsaas,emberMtWfic6h; >

x o awm - n

- ~

~.h

• h.

.kN

$ph p k

Mdwaedin Ns6fftts fWei$stsshent theMui

$h e h

v

, dl@'d

' k O%h%@rfUnli2Minstlyh5fthle0dibhtfa(ltenmes[M f

i% h5dl iJ J 1

i b_

Wg%wp,m.cosWshh&idh_ie U. nit 4.h,a_usethe'Compan,tbnif(~,W,

QEtsing' annis$tsi.sisbWuh ig N - - - merk,a,n_d tenntnv~ ion. bit y6 6,s 1 JC

,'q, mu y%

u-Di M

~

y 3

m.me

~m

~_~

.m g,

1. s um N -

ir WSM,f*Y' ed % @#ghxthx_(otNr.f_tintta_ys(duwed#n_dlitemwd_l#, >, > s

'1 N

1 m

c s c-c,

? ', '

m j W-oE D3Wh3f t%!cfA tht(n{MjYJayilnVCstmdit WW he (to:htrAe6,

u_

+

%~y=

~g

. f w

g% @n.q&wnqeNN N N M bN' &' w,.

m y &n e e a b

n a

nn i

O nm e m

iM M

d hhd

^

fhfh

'y

~

t ws@mkTilUR AKbERSEN &t0F We

%r, ~%--

n--

u ".

$ Mo %ya po m mymmam v 4n+

~%

+

v vy-u n

b D" '

h k h$

g1 /

$w$@ff%,NhMhC@[M i td 1fnd[fiW t1

• 1 1

M Wh ' y

,8 R

&e k hhh d,

m k (4

• h /

1-hY p y p:b k & w (%sy % &; h' m

^

s

c 6i

g $my$$ y] l$R@ % 9 hk

((

k j

s

'j

" me. #

+

qw%k hkh t d' yyM W,,,Jmpn w,'

~W

.%wMyg s 3

ww4 m-wc s,'

-4 gM(W -

5 t4 n,-

ggg

&h *;4 k; p.t)o Wi -

f v

1

-10 n : <

W& [hh4 L

j

%e 5

@w %wl -o .N - g w -M ..,tf. O %a nbw y$N[1,htW, w e890 -$5[!5$ m $i h @h _ * " b_y ' v _i Wi m

BOARD OF DIRECTORS MANAGEMENT OFFCERS CHANGES - II. lYict Burg _ 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 % lillam I. Recher plumbm;t future manufxturer, tnem u ompann pamnt, YKe President Nv Castle,itnnsylvania Ohio E*Lson, was electal to the James R. Edgerl) Coinpann Board in August IW1 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 If8"CI8 A I""""' President and Chief Operating AsMuu Tnwunt OfScer of the Company's parent. Ohio Eduon Gimpany. Clarence 11. Kauff. man Akron. 0 hic. 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 JmeP J 5"wak ofDeers is with the Gimpany h 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 Preferred Stock: Ykr President of the 0;mpany, 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 P O Pox 891 New Castic,icnns)h ania, and its 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- ', .[.x; '.;y,. ':Q : ;;.{'f,. ;. ? - Q fyf M:f.$?.gf, \\ : a.;-: y.yp pa %"l :. g %,.,,,,.,;,g,. :,: n.,, %.e Q:'. i..,;:4',..,. J ' T,, o q :. ', %(, u#(.;.9'.. w.9: ,.i,,f,, .w? ' %* : ..;, ;.,. ;..g .. w .. s.., v. m %s. v ,y..,...,...c.'. :....x, y...... "7.:? i:: .. m..,..;;.: h. ... ;., :;> q. ~.. -...d,.. s.. <. r;. : ;.:: :;,s. ; o. w. g.

c x.

w s

... s -

• j. :.. s...,...,

,a. n.......;...,.m,,.... ? .. :., v.,

h....c,

.t s........ a..- -e e. n, ' T'l$..l 'f.$' ?h,. %.. . U:.f(..' ? b.[ ':.l _ ? ;?, _.,. ,kkh &, yn.l5.'kg.f,.7.:,.y.. : rl. '.9,,l: [n?., J.U(,.._;' l:; ',. -:?] ^.h.,lk.. >..?g. ...c. k i E ,,.... y.,.

a. in:.,o. n&;.,

.m. s .,a.. ; ^ - - - n:'..- . ;.;p ; - w . v., u,,, . q

r..

...p .n.:,.,

,e.

.,. '...t ;, u'. .'s...

• v..

..x,v ..m $.#.\\ .. u..,... m; y,' : **. 'e3,"e. ~ ',- :.. *.,, * .q..,.(_ .s.. 9,. ;h.;.",.. t.'9 ~.,.. m . ;v a,.>.., y 3.,, g... g..'.,. s. ', .c s ... -. -.. -. - + .p. .e...

• +

.w

s. * :.

4. ' _ _

,.v.-

n... y -.

n - . : ~.-: -..;. : . z- .,.3.;. _

n. 2..... y... p:,.?....,>,.t,..,

.a .,a,.. .. ~, ,.4.,... -. *.,..... # >. c.,. p..,., .3 ..,.2.... 7. :.,,... :.. ... :s. -., y.....,,~ .....,4. .........>. -. 1..... ,s. ~. ,. ~.. a. c.,:n :.,. - :..;'.. g..s... ew... .x. - j> i. . s..... .t ..,=.9J..- 1' * + A',. s$' t.# -;...,.,,,,,...i <.a .m...,. 1,,,. s... -....-.,....,,. ~..

r...-s, A.

.'..;aeJ,,**, 5...-

. '.. $ -' g/ ' ' h. f.,.we.. ;.s. . "

.r.... ..,,3 y:. '.'^ 'ej..[ ' Y ** '.. - 6, '.,,.,..., J,; y ';. _..,,., 7 ' ( *.,, ' .,s* h [ ,.. e. . ) e .s. r-4 ' ~ * : 't*.

• l

.... x' .r....,. 'y..

• .A,

' /. . gj 5s ..w.s.&y ..Y." j ~ .s: - - A a a s.

• T.,

'[ [ .'. [' . (' '. ~.M{. :.y'.y.3.:g.y* g g,% v s y f. p.' ;_.m ;. g'gg.y;..;9. v. ?t,3. q' Y *.g, +g e' 1,** I g. 3-g 4. ., b*. l.' ?,. $,e,. ~ -. , ff Ns A..fl*r.Q .. A

• ,i,.....
• a

.*e ..'\\ l,ll. . '. j:' '.b. ~ ' {.f ' ! Af A.A.' l'*1." E, b -">a. ,y, ^

• s..[

.'.'*<R3"..'.'..' ., V.,' :. .Q

. g.,/,/,,.,..'. !,

is - .s% *[I** W ,' ;r

• f..+l.* ;'c;..?.,, c

] '. '.(,~,., !. ' a ' i-. 4,'hT* '.,' ". 4. : 9.. S'. w . c, 4. ... x..., p. ;. u. W g - j *. . ' f '....N,,." -i.?,f.'.'..**".h^s'$...,- ..i..;.,-. ( *,. -. ','.i .. t 'J .' ', '... ' i.f

• i

..'g',. . ' #f,...,g,. i. "[.? ;G *, ,4. ej ..;s-e

s. %

..g ., J [. n.. e.

• i, a;.

.ps. g,..?.,* > y:e, ',. .f. 1 '.,'*';;.-, '.,,.N. 7. y.L ..(- t:.,,.*Q., . '. j j/.,j /,.. "s....../.

• ^l -

, }\\..,j. ~,; y. .0, ' ',. ' ,.~, ..t..' .../.".',,; } l.'. ', J l t G.(, i..

7. e,;,**

t - t.' ,.. b y.e,, s # .. ;g e ..q ;... . p,y ;.s at;s ys y ,,,;,., q, ;, :. s s

e,,_'..

.s,,. .c,-,,. -, , v, 3 ;. q %,s. w.:,

v,

,~,.e , t. , f[, .,J. b ' ;..' M.. *h.g*'4 y,.,,. '[. r' g. b. ;j '.? ;*(, $(([' i. O: *h, .c' i'(.. l S.

• ),

2.kf, '4,, \\., ^p '*h ...~,,'..,...',;A.**a. i,D l. - '.' y g *J T g,.' ; i'/,' '.-.JJ.* ,.'.;,,i-, [. i t' ',.., *;;[. ..I, -[

• c

-4,., v J', j; *:.,..,.!, .,$;a.+.3.,- 'eg ';,.,.,. ;.,, i R.... g -.. p o..,,. .. f.,<s,.,. kp.,.., -.,,...: - i+'.i. v :l 8 1.- ..f ,, p a s., ... n ;t, .>:.'. c u,,. o.. ..,*c r ...j.. x.,. .. y% :' q,.p;,, .7,..c.. : :,.,, ;. c i..., -. s ' ,,. e s. ?,;m,- > s .......,,*y.,,.;.,, f. p. A,s '. '; ....V,.;..... rs g" g. :n..,. 3 y,. u.: ?.. r ,... ;.. 4 .,y _.. . y,, y a ).,W.. g n..1},i

s. e.

s 4 e., n. h, ,,.p. \\ .# 5 g..,, -p. :.,, : = y. - y ,y.*. , *i >..'s.,'.,.,'.. .\\.,. ;-. ,.;, ~.Q...t.....i .,.,c,.u....,,... ', e t,"[, V* ,,.7.d. ',,. L e 4 n n

• .t

,.. s.... t. : s.

n...,. :.

fy,-'s.J,. '.'"*..I..$, ' Y.,' Y h.: '[.,. ' [gC. 8..',,E: d,...,.

5..; ;

c. e.. Y. -. Jb..9 ,$+ 4., tc ;".,. =.. , ",\\b. ' "... a ~.s[r, pQ :, 'h.2 h 5 l,.0 ' l:q' .h:.'. I..',. ' ), ' ' [f , J 4 ' 'i^ .r l * ? y ;.l '. :.*. ,: '.. k -:..... .f,. G % > '.. 7 ',. ; ;. % '.; ' p s,.. r'...,

c..'.s.&.., z

. o r. n. (, 'N ='.. . $.., f 'I- ,,,,w,.sq ...,...t, w;.1 ;.. J .n u .~... '. :- p a a ,.;. ~,

. 'd..

,y,., vg.' I;,: .' i,.,,%:,.. <....,. 'f. f,f, : e... c.,,;.,~,.'.; > },.., - ;...,fe.. y,.r,. y.,m.; ; 'Jl,,. ,a-n,;> .3 ..._.3 .,.,. ;p,,,,.,. y,,,6,gy * [ t, 9,.- f Tg# .,,,,, q., , h [. j d'.,";?.',, .'.'.".b ; 3;; I'. ?,lly*:.f Q, sk.l.?,'h.'$ Y, g j.'WSl,$b[.,v;.Q;.,f. '. E' /,f,$ ' ;if,,

• ['.*'

. ", ' 'h...S. y,.. ' J- [ ...', y..' '^ ;. q,'..;y.'.q.,. q : ,.,l(

• .). q..Q

  k,f.,:..

3,-.; l

??f

$f, 4,-5&*1!?...; f ? .A..,'. . 4f. 4.:g-,. g,j g g,.'y...,.

• U *.

s .s,,..,.f.* e.g y., ;..,,': ,3.',.. j[.! g I ;; ; ** ' '-; f'

e- *.A}.' b. * *., j l.'.,.....p.'.

Y*'4,f f,i a t 'c 'e ..,.. ' k.[ *f.

), f y...,s....7.

,..? [' t ,.,. N c; .y u

-. W'.N.

.i.Ng j Ge. .,4x, .,,e .c, ,..v..;.c._..-

• ""'.e,.

....e y,. p,.,. . s. g .s, . T.-l.;..3g...,... ,i. ,p % f i X l s....". ??, ' 7

'..8

,. =. ;.'t

.. t 's.l. 't ', ; :. t,, ',. 4cy '4 w'. >_ :.%. '.y,.g.*..y v,... <.<.3, . ~.a...g. > 9..=f: ;,... ;..... y. s.,;.n.f '.: ;: 3.g ::,.

t -

;......-[*f,.@.'

, '., 'M.,*-(-','c'.

.'U., c;]s...,..,s'

.,,.m.,,.j . 3: ' n . :. }.. ', m,..a;;' v.; c :e r. ;., L;l,: : .,J.. v

9. -

o.,

n. . ' f, . e. ,s.. g. .. s ..,..,,f,. b. g..,..., ?. ', (. f ",,y

• y, y u

,;.e . c

y

,.e (. [f.. d. [',, *. ~*.. N.,'i f. c.,, ~,,.'.. ? 'j.. 3.t'. ',. gg .c.* g. i, g

• ,.s *..,,.....r TN; 'O,. ?) l...,,.,s

.,,'._,,,,4,. ,,.. N... !, g ,/ 4 ,,,3e,..',.....,., - i;. :.,. u

, 3

' f.,.

.:.l % ' '.,l,.^

• • e,;

e,. - d,...e.A g q, .m,..;,. W.L.,* g. g. , l'

• ,,g

-\\ ?- n.. .i.y 3 -ie ...,.e',,=,*,..,g, .,'. '..T y ;.4?..: # . ; ;.' f,..,*..... -,s * ..f .. ~. '. 'l .'.*-f,, k,..., ';s ;, '. ' * - [.';"' '.f: '

• I ' }c, ', ;Y,.k. g.u, \\ ;

K' ,.iM+,*.- '/,., g }./ 3: .* Q. ' '.g s ,y 'j 'd..; ';.' [ k.... 7 ' - [,. p ;,,.... ' ', ' ',,J dj.*/.. (- .i. s * [.. ?. /'. k...

• y

.., _l,, l ',.* /,' } '.y l ,?. [, .#..;% f. :,,,:, ,.L .-. _. ' *,.. r.. ~* s,; - ,g"-3, /, '. '. o.., .,.......*.tp -t,. 'e f - ..,-%.,z.; a.,t .S.- =,$. <,.'3 _.,.,g...e,. 1., :,,.d, : :fa. 4 s. y;. i. (: 3. 1..... '. ' 7.....\\'._.,.,.,,a,, J,,. ,%.:n'.'y.q:; :y,.'4 -,:; 'J .;, y'. *,: g,,. ..,,.. t... s.. g:,. 4 %. *.. [. 7. $,%. ' lf;,e.c..*, .g..,.- - y L.f ,*,..8.4....n..,.. .....'..*e.. 6./ p g-h.N \\l I;,{. ' p, '.. l.,i s. .g \\ 4 ,.6 .g .',. [- ';; ?.f..., $* y \\ ', p.., ;;, g -J,;hlc. T.s?l,# ,..( ],,, - l:;. e: 3 ll :.,'. l ; 9,b

g..,.,.. ' '7,,,,,., g.,'.. ), A.,y

,.y.,.', 5 t q q.., i j,.. ;

. g g4

.,c 73 e.,.... 4 ..."..,..is. .;;....4.....'.,.. .g,.. e = q f' f . y ,,..,i..,'.,ep..,.;,.y.. . e*, .. s..,...s ....s .,.,,..r, .. 3 ;!.' .t ,.s.\\,.,,..-t,.,,.,v.* 4 n. '.i e,. j.l,. g. v. 3..,.o,.. ....e.,,.' -p.- ,<S...., -. s.:.

• 4,.., ','f. t.

,'t.

• g.,.

..:..,.g.s p., .. :'.,;4 * /.1 #}.'p < '..,.. y. s a.. . ' i '.,* *'.,% % >.'A . g (:...,,....')

c ; ' \\ s.>

'..' 4 a..'- - '

,,. ;l f **;..., ,y a,g. l.., ;' c. gi.'..'._.,t.f,",.. J$. _ J ., A: - ..i.'. A-

m..'

_ q; &,. w... y',g y. '. _. s

• 4,;

g. y

.yn

.. -.. ~.s. j ', !t *, ;;.. s,..

.,.

s .p =.** * * -,. :* -.., ' ' (.:.'.v, - >.c.'m .f.,.,. : .c - ;..' ' ;. \\.,. ...,) .,o; p...d, N * ;: #,.' ..= ;,.,: . *-,,;'N,.' s 4.. ' i...g. ,e p. s. .' e h..f. - '.;% ;N' g.. ; y, '., e,;.?. g,.;,,,' 'i...'.,.. '.<, f j '.: '. 3,1., ' s...; c sc.,5",. ;J ' *:1 p' g. *'. '. ',.'

** g

.t. .. =... n' ',J..s. e, 4 *..",; 'h.,4 'h...( jl.. gc,,,g.,. .-l P ,t,,. c.... ;.,.,3 ..; 0.,.t. a..,,37.,, - 6 .*,...,.,,a14.:%.c .n. g y 4 r . i a, .y

f...., c., ;..

.. y t,..y: ,, e s... fr- .s ., -..;...2.,y. .... e,..gg-... ...4.. ,,,3 ~.. ..f. s.8 .~.:...s.'.: 3 ' W ; '.:$:..,. a ',,,A, :,.... < ~ ~ *,,s' : r: , Q,. *.. '.'..2.. 's v i a.c (g:g -.,.....r.

3. n..'..W j, 7. 7.,.6, 7.....,.

......, v.f.*.s.. : f.. :.:..*.lo-M 7 b. 7.. i. >. *,- [c.j '[. C,. ~.f.. ' '. ; m... s, '. A, n..\\.;,.. . s s, ..N.;,d. ". '. #l"h.0. ' (. ..,,. d h.' *,'p [. 7

m,

,..,...Q.

(: - .f ] 1, .,'c., c,f,..

. l 47...,*~...,.,.,..,

s.,

~.. ....p.. ,. -.... ~, .s t. 4

s..

s.. .c, y (.i.h'iD .[l3,hlI I.i.' [.' ',1,,'*,..; M*M . h. i 4~.: ' s'hch ..d .h* $9N.h[')M. <.. ,. g~ w...q i. V,..,, g. m J,, _n,. n t.. .ca...,st. 7: *. ...sp ..-f' .. wi.. ; fy. . M.. + - T,[U.5.9.n'$, M)hi.. [ f ') '. dd - M N. l 7.. D-,,.r. M...,,.U W-9- 4 .c,. M .,%,.7-J4 p [.h. '...I;,*, { [. .>=.<%. . y.* +r v-g' x 'b.(. t. . '.f. k.... ' 'p:... *. '\\ , 0,.. .o

• ,. ? -

-e.r .,i. -<vf

e.. -

• w.,..W.A,.i. %.. h yf,.. **

.h,. - k') .h h.$iY* .U. ** $ 'Y ?..E ,,<..,eg *f c,y.t,. P....* i g,.... , ;

• i..,. '..: %..'[o*, s;l.f i l f ' f.p:

.,.l ., :3. n ,,'3.< 3-i- ^ ', :.; : ;, y +. . e ,.. -.. + - 3, 4, Q. s.'l.Q p r-c, b l ?..',.: n.,., f : ' ',,$. '.:*,): ? E'*$).,?. l.1 h,,, %. *k.,9 . d... *. f j e ? $ . ' . ~. 4

• f* t.,." *l. b. "/h. q.' +*' %S,,,.s.t... ;f.C *; r *Q.",..'.N :dg..,.... h... % 6 8.;

$ $y /.,..,. - '. o. <,.. %' ' . ;:.%,. '. ,f ws....,..O... ..t...'.,;..,-=...'.,.'..a.e..

f..... ';4. 1 :.. *..,'*j.'* + 23 i; '.

.t,. 4 g'. ,,,",1' *'., '...',li, g', *i l ;f E. g ? ' ? .s...... J ),k h.,gN,,, gQ.. j.E):^._);_'].s!- Jl_,.f' ?j..% C.._, th c .g. g.. .y . e f . t ' s .*..""g.' /+ ] '(.+.f 4 3 g }p+%..) :kf Qh T '. ., *.P,(' j',, ig g i.f., ' ' g W b, +/ ' . p ' 'c ' { 3., @ 5iM&,8&%w.d.%MW,& 0,'f:.l. };l &g.h,_l}.. 3 }.[s ?.y,%.l[ \\ l:.} l&l:3..f i,lY.&.Y$ ;&l%: &lh ww: p..;.w w.snwa;4. w ~..,: ~.,. m. v M'k.l2l.$.k.4$ly {: ff.'! b.1 W/ i.,%.l..l %[ Y. D Q:I Y.T.k l l1. %,:?. M ? $?.Y $ .V-W; N T WfM m: :. w n, %,;) e s..e y,.,.vA::4 '.e,.m.swp. A' y m.,;m 1 w' :n. w... .n .>. m. ~ od..n.... n ,v,w .;>.W... y y ...g. g.,.,. m. v, .,- n. x 4

..<

',v<

w ..v. .e.. ...c.,..~ - e w ..,c w.,,.. ? w }.' c f. r..

s. % y n,Ln

~t, c . ww ~, ' hqv: y .. w. q" 'n n:w".,kNhN.;g,.';kMNNb: Q 4.y$y. w t;,.9[.s yhhh M,. n :M. > a-.h,u..,..h.,..h., ;,1 MM., man.f.b.w.M%.3df.,.. $..,k....,k...h. h.,.e m N. - A. c. -. - < h. > a-1.' >.s'. e .'# i. Wg 7,..,+ wwl.g1 gf-. ce n* es. ~n .w. 2.m.. . g;ct'. g.. w* .......a. i 9 .. r.% -A.i r% p-4 c- + o p ..}}