-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ORHOZ28O9i34F0EoeQpRQdSA1HUOozCZwM4C22ArFPFt5X39GAtAF2H9mxvfFqHk y4zbJ2mXLP8WvB1kIZuAnA== 0000073960-97-000007.txt : 19970513 0000073960-97-000007.hdr.sgml : 19970513 ACCESSION NUMBER: 0000073960-97-000007 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970331 FILED AS OF DATE: 19970512 SROS: CSX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: OHIO EDISON CO CENTRAL INDEX KEY: 0000073960 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 340437786 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-02578 FILM NUMBER: 97600531 BUSINESS ADDRESS: STREET 1: 76 S MAIN ST CITY: AKRON STATE: OH ZIP: 44308 BUSINESS PHONE: 2163845100 10-Q 1 FORM 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________________to_______________ Commission File Number 1-2578 OHIO EDISON COMPANY (Exact name of Registrant as specified in its charter) Ohio 34-0437786 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 76 South Main Street, Akron, Ohio 44308 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 330-384-5100 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No --- --- Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 152,569,437 shares of common stock, $9 par value, outstanding as of May 12, 1997. OHIO EDISON COMPANY TABLE OF CONTENTS Pages ----- Part I. Financial Information Consolidated Statements of Income 1 Consolidated Balance Sheets 2-3 Consolidated Statements of Cash Flows 4 Notes to Consolidated Financial Statements 5-6 Report of Independent Public Accountants 7 Management's Discussion and Analysis of Results of Operations and Financial Condition 8-9 Part II. Other Information PART I. FINANCIAL INFORMATION - ------------------------------- OHIO EDISON COMPANY CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
Three Months Ended March 31, ----------------------- 1997 1996 -------- -------- (In thousands, except per share amounts) OPERATING REVENUES $604,774 $611,636 -------- -------- OPERATING EXPENSES AND TAXES: Fuel and purchased power 109,101 123,290 Nuclear operating costs 68,523 58,774 Other operating costs 87,990 100,873 -------- -------- Total operation and maintenance expenses 265,614 282,937 Provision for depreciation 99,958 83,291 Amortization of net regulatory assets 7,420 5,632 General taxes 61,537 63,959 Income taxes 43,896 45,331 -------- -------- Total operating expenses and taxes 478,425 481,150 -------- -------- OPERATING INCOME 126,349 130,486 OTHER INCOME 13,495 6,996 -------- -------- TOTAL INCOME 139,844 137,482 -------- -------- NET INTEREST AND OTHER CHARGES: Interest on long-term debt 52,625 56,535 Allowance for borrowed funds used during construction and capitalized interest (380) (1,178) Other interest expense 7,718 4,858 Subsidiaries' preferred stock dividend requirements 3,857 3,857 -------- -------- Net interest and other charges 63,820 64,072 -------- -------- NET INCOME 76,024 73,410 PREFERRED STOCK DIVIDEND REQUIREMENTS 3,124 3,125 -------- -------- EARNINGS ON COMMON STOCK $ 72,900 $ 70,285 ======== ======== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 144,345 143,946 ======== ======== EARNINGS PER SHARE OF COMMON STOCK $ .51 $ .49 ====== ===== DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $.375 $.375 ===== ===== The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
- 1 - OHIO EDISON COMPANY CONSOLIDATED BALANCE SHEETS (Unaudited)
March 31, December 31, 1997 1996 --------- ------------ (In thousands) ASSETS ------ UTILITY PLANT: In service, at original cost $8,640,046 $8,634,030 Less--Accumulated provision for depreciation 3,426,550 3,315,344 ---------- ---------- 5,213,496 5,318,686 ---------- ---------- Construction work in progress- Electric plant 104,339 93,413 Nuclear fuel 11,901 5,786 ---------- ---------- 116,240 99,199 ---------- ---------- 5,329,736 5,417,885 ---------- ---------- OTHER PROPERTY AND INVESTMENTS: PNBV Capital Trust 487,418 487,979 Letter of credit collateralization 277,763 277,763 Other 346,852 323,316 ---------- ---------- 1,112,033 1,089,058 ---------- ---------- CURRENT ASSETS: Cash and cash equivalents 15,287 5,253 Receivables- Customers (less accumulated provisions of $2,826,000 and $2,306,000, respectively, for uncollectible accounts) 236,298 247,027 Other 51,704 58,327 Materials and supplies, at average cost- Owned 67,674 66,177 Under Consignment 41,919 44,468 Prepayments 90,231 75,681 ---------- ---------- 503,113 496,933 ---------- ---------- DEFERRED CHARGES: Regulatory assets 1,676,287 1,703,111 Unamortized sale and leaseback costs 98,826 100,066 Property taxes 101,010 100,802 Other 62,459 57,517 ---------- ---------- 1,938,582 1,961,496 ---------- ---------- $8,883,464 $8,965,372 ========== ==========
- 2 - OHIO EDISON COMPANY CONSOLIDATED BALANCE SHEETS (Unaudited)
March 31, December 31, 1997 1996 --------- ------------ (In thousands) CAPITALIZATION AND LIABILITIES ------------------------------ CAPITALIZATION: Common stockholders' equity- Common stock, $9 par value,authorized 175,000,000 shares-152,569,437 shares outstanding $1,373,125 $1,373,125 Other paid-in capital 727,950 727,602 Retained earnings 576,308 557,642 Unallocated employee stock ownership plan common stock - 8,176,622 and 8,259,053 shares, respectively (153,170) (155,010) ---------- ---------- Total common stockholders' equity 2,524,213 2,503,359 Preferred stock- Not subject to mandatory redemption 160,965 160,965 Subject to mandatory redemption 20,000 20,000 Preferred stock of consolidated subsidiary- Not subject to mandatory redemption 50,905 50,905 Subject to mandatory redemption 15,000 15,000 Company obligated mandatorily redeemable preferred securities of subsidiary trust holding solely Company subordinated debentures 120,000 120,000 Long-term debt 2,428,671 2,712,760 ---------- ---------- 5,319,754 5,582,989 ---------- ---------- CURRENT LIABILITIES: Currently payable long-term debt and preferred stock 534,664 333,667 Short-term borrowings 319,973 349,480 Accounts payable 86,035 93,509 Accrued taxes 170,568 142,909 Accrued interest 48,023 52,855 Other 142,308 131,275 ---------- ---------- 1,301,571 1,103,695 ---------- ---------- DEFERRED CREDITS: Accumulated deferred income taxes 1,758,900 1,777,086 Accumulated deferred investment tax credits 196,009 199,835 Other 307,230 301,767 ---------- ---------- 2,262,139 2,278,688 ---------- ---------- COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 2) ---------- ---------- $8,883,464 $8,965,372 ========== ========== The accompanying Notes to Consolidated Financial Statements are an integral part of these balance sheets.
- 3 - OHIO EDISON COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Three Months Ended March 31, ---------------------- 1997 1996 -------- -------- (In thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 76,024 $ 73,410 Adjustments to reconcile net income to net cash from operating activities- Provision for depreciation 99,958 83,291 Nuclear fuel and lease amortization 14,345 12,237 Other amortization, net 7,110 5,229 Deferred income taxes, net (8,441) 8,424 Investment tax credits, net (3,826) (3,335) Deferred fuel costs, net - (2,936) Receivables 17,352 38,391 Materials and supplies 1,052 (4,378) Accounts payable (3,864) (1,814) Other 17,181 4,058 -------- -------- Net cash provided from operating activities 216,891 212,577 -------- -------- CASH FLOWS FROM FINANCING ACTIVITIES: New Financing- Long-term debt 29,205 40,621 Redemptions and Repayments- Preferred stock - 671 Long-term debt 112,487 146,867 Short-term borrowings, net 29,507 957 Dividend Payments- Common stock 53,541 53,862 Preferred stock 3,096 3,360 -------- -------- Net cash used for financing activities 169,426 165,096 -------- -------- CASH FLOWS FROM INVESTING ACTIVITIES: Property additions 34,381 43,725 Other 3,050 3,369 -------- -------- Net cash used for investing activities 37,431 47,094 -------- -------- Net increase in cash and cash equivalents 10,034 387 Cash and cash equivalents at beginning of period 5,253 29,830 -------- -------- Cash and cash equivalents at end of period $ 15,287 $ 30,217 ======== ======== The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
- 4 - OHIO EDISON COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1 - FINANCIAL STATEMENTS: The condensed consolidated financial statements reflect all normal recurring adjustments that, in the opinion of management, are necessary to fairly present results of operations for the interim periods. These statements should be read in conjunction with the consolidated financial statements and notes included in Ohio Edison Company's (Company) 1996 Annual Report to Stockholders. The results of operations are not intended to be indicative of results of operations for any future period. The sole assets of the subsidiary trust that is the obligor on the preferred securities included in the Company's capitalization are $123,711,350 principal amount of 9% Junior Subordinated Debentures of the Company due December 31, 2025. 2 - COMMITMENTS, GUARANTEES AND CONTINGENCIES: Construction Program -- The Company and its wholly owned subsidiary, Pennsylvania Power Company (Companies), currently forecast expenditures of approximately $600 million for property additions and improvements from 1997-2001, of which approximately $135 million is applicable to 1997. The Companies' nuclear fuel investments are expected to be approximately $194 million during the 1997-2001 period, of which approximately $45 million is applicable to 1997. Guarantees -- The Companies, together with the other Central Area Power Coordination Group companies, have each severally guaranteed certain debt and lease obligations in connection with a coal supply contract for the Bruce Mansfield Plant. As of March 31, 1997, the Companies' shares of the guarantees were $45.7 million. The price under the coal supply contract, which includes certain minimum payments, has been determined to be sufficient to satisfy the debt and lease obligations. Environmental Matters -- Various federal, state and local authorities regulate the Companies with regard to air and water quality and other environmental matters. The Companies have estimated additional capital expenditures for environmental compliance of approximately $14 million for the period 1997 through 2001, which is included in the construction forecast under "Construction Program." - 5 - OHIO EDISON COMPANY NOTES - (Continued) The Companies are in compliance with the current sulfur dioxide (SO2) and nitrogen oxides (NOx) reduction requirements under the Clean Air Act Amendments of 1990. SO2 reductions through the year 1999 will be achieved by burning lower-sulfur fuel, generating more electricity from lower-emitting plants, and/or purchasing emission allowances. Plans for complying with reductions required for the year 2000 and thereafter have not been finalized. The Environmental Protection Agency (EPA) is conducting additional studies which could indicate the need for additional NOx reductions from the Companies' Pennsylvania facilities by the year 2003. The cost of such reductions, if required, may be substantial. The Companies continue to evaluate their compliance plans and other compliance options. The Companies are required to meet federally approved SO2 regulations. Violations of such regulations can result in shutdown of the generating unit involved and/or civil or criminal penalties of up to $25,000 for each day the unit is in violation. The EPA has an interim enforcement policy for SO2 regulations in Ohio that allows for compliance based on a 30-day averaging period. The EPA has proposed regulations that could change the interim enforcement policy, including the method of determining compliance with emission limits. The Companies cannot predict what action the EPA may take in the future with respect to the proposed regulations or the interim enforcement policy. In December 1996, EPA proposed changes in the National Ambient Air Quality Standard for ozone and proposed a new standard for previously unregulated ultra-fine particulate matter. Final regulations for both of these standards are expected later in 1997. The cost of compliance with these regulations may be substantial and depends on the final provisions of the proposed regulations and the manner in which they are implemented by the states in which the Companies operate affected facilities. Legislative, administrative and judicial actions will continue to change the way that the Companies must operate in order to comply with environmental laws and regulations. With respect to any such changes and to the environmental matters described above, the Companies expect that any resulting additional capital costs which may be required, as well as any required increase in operating costs, would ultimately be recovered from their customers. 3 - MERGER AGREEMENT: In September 1996, the Company and Centerior Energy Corporation, an Ohio corporation, entered into an Agreement and Plan of Merger. Under the Merger Agreement, the Company and Centerior will form FirstEnergy Corp., a holding company which will - 6 - OHIO EDISON COMPANY NOTES - (Continued) directly hold all of the issued and outstanding common stock of the Company and all of the issued and outstanding common stock of Centerior's direct subsidiaries, which include among others, The Cleveland Electric Illuminating Company and The Toledo Edison Company. Penn Power will remain a wholly owned subsidiary of the Company. As a result of the Merger, the respective common stock shareholders of the Company and Centerior will own all of the outstanding shares of FirstEnergy Common Stock. All other classes of capital stock of the Company and its subsidiaries and of the subsidiaries of Centerior will be unaffected by the Merger and will remain outstanding. The Merger was approved by the respective common shareholders of the Company and Centerior and is expected to close promptly after all of the conditions to the consummation of the Merger, including the receipt of all necessary regulatory approvals, are fulfilled or waived. The receipt of all necessary regulatory approvals, including approvals from the Federal Energy Regulatory Commission, the Securities and Exchange Commission and the Nuclear Regulatory Commission, are expected to take approximately twelve to eighteen months from the date of the Merger Agreement. - 7 - REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To Ohio Edison Company: We have reviewed the accompanying consolidated balance sheet of Ohio Edison Company (an Ohio corporation) and subsidiaries as of March 31, 1997, and the related consolidated statements of income and cash flows for the three-month periods ended March 31, 1997 and 1996. These financial statements are the responsibility of the Company's management. We conducted our review in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the financial statements referred to above for them to be in conformity with generally accepted accounting principles. We have previously audited, in accordance with generally accepted auditing standards, the consolidated balance sheet and consolidated statement of capitalization of Ohio Edison Company and subsidiaries as of December 31, 1996, and the related consolidated statements of income, retained earnings, capital stock and other paid-in capital, cash flows and taxes for the year then ended (not presented separately herein). In our opinion, the information set forth in the accompanying consolidated balance sheet as of December 31, 1996 is fairly stated in all material respects in relation to the balance sheet from which it has been derived. ARTHUR ANDERSEN LLP Cleveland, Ohio May 12, 1997 - 8 - OHIO EDISON COMPANY MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION Results of Operations Earnings on common stock increased to $.51 per share in the first quarter of 1997 compared to $.49 per share for the same period last year. The 1997 results reflect accelerated depreciation and amortization of regulatory assets totaling approximately $55,000,000 under the Company's Rate Reduction and Economic Development Plan and Penn Power's Rate Stability and Economic Development Plan; results for the first quarter of 1996 included approximately $37,000,000 of accelerated depreciation and amortization. During the first quarter of 1997, retail kilowatt-hour sales decreased slightly from 1996 levels. Residential and commercial sales were down 3.3% and 0.8%, respectively, during the period. These reductions were partially offset by a 2.5% increase in industrial sales. Sales to other utilities fell 35.4% in 1997 as compared to the first quarter of 1996 as a result of the December 31, 1996 expiration of a one-year contract with another utility to supply 250 megawatts of power. This decrease, along with lower retail sales, caused total kilowatt-hour sales to decrease by 8.2% during the first quarter of 1997, compared with the first quarter of 1996. Because of lower kilowatt-hour sales, the Companies spent less on fuel and purchased power during the first quarter of 1997, compared to last year. Higher nuclear expenses reflect increased operating costs at the Perry Plant in 1997. Other operating costs reflect credits in 1997 resulting from gains on emission allowance sales, which represents most of the reported decrease compared with other operating costs in the first quarter of 1996. The increases in depreciation and regulatory asset amortization reflect accelerations under the regulatory plans mentioned above. The increase in other income reflects higher interest income, which resulted from the Company's third quarter 1996 investment in the PNBV Capital Trust. Overall, interest costs continue to trend downward. Interest on long-term debt decreased due to redemptions totaling approximately $340,000,000 of debt that had been outstanding as of March 31, 1996. Other interest expense increased as a result of higher short-term borrowing levels in 1997. Capital Resources and Liquidity The Companies have continuing cash requirements for planned capital expenditures and debt maturities. During the last three - 9 - OHIO EDISON COMPANY MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION (Cont'd) quarters of 1997, capital requirements for property additions and capital leases are expected to be about $144,000,000, including $39,000,000 for nuclear fuel. The Companies have additional cash requirements of approximately $167,000,000 to meet sinking fund requirements for preferred stock and maturing long-term debt during the remainder of 1997. These cash requirements are expected to be satisfied with internal cash and/or short-term credit arrangements. In addition, approximately $163,000,000 of variable rate pollution control bonds are subject to repricing during the remainder of the year. As of March 31, 1997, the Companies had about $15,000,000 of cash and temporary investments and $320,000,000 of short-term indebtedness. In addition, the Companies' unused borrowing capability included $92,000,000 under revolving lines of credit and $62,000,000 of bank facilities that provide for borrowings on a short-term basis at the banks' discretion. During the first quarter of 1997, the Company reduced its outstanding balance under a revolving credit agreement by $65,000,000. Penn Power made open market purchases for $10,000,000 of its 6.375% first mortgage bonds in March 1997. On September 13, 1996, the Company entered into an agreement to merge with Centerior Energy Corporation under a new holding company called FirstEnergy Corp. The merger is expected to produce $1 billion in savings during the first ten years of joint operations through the elimination of duplicative activities, improved operating efficiencies, lower capital expenditures, accelerated debt reduction, the coordination of the companies' work forces and enhanced purchasing power. On March 27, 1997, common shareholders of Ohio Edison and Centerior approved the merger. FirstEnergy has also received other key approvals in the merger process. FirstEnergy's Rate Reduction and Economic Development Plan for the Centerior operating companies - which will provide interim price reductions through 2005 and a decrease that will average 15 percent for all customers in 2006 - was approved by the Public Utilities Commission of Ohio in January 1997, and the merger received the approval of the Pennsylvania Public Utility Commission (PPUC) in February 1997. Federal regulatory agencies that still need to act on the merger include the Federal Energy Regulatory Commission, the Securities and Exchange Commission and the Nuclear Regulatory Commission. These actions are expected to take place within twelve to eighteen months from the date of the Merger Agreement. - 10 - OHIO EDISON COMPANY MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION (Cont'd) On December 3, 1996, Pennsylvania enacted "The Electricity Generation Customer Choice and Competition Act," under which residents of Pennsylvania, including customers of Penn Power, will be permitted to choose their electric generation supplier, while transmission and distribution services will continue to be supplied by their current providers. Customer choice will be phased in over three years, beginning in 1999, after a two year pilot program. On April 1, 1997, Penn Power filed an application with the PPUC to permit all of its retail customers an opportunity to participate in the pilot program, which is expected to begin in the fourth quarter of 1997. - 11 - PART II. OTHER INFORMATION - --------------------------- Item 4. Submission of Matters to a Vote of Security Holders (a) A special meeting of stockholders was held on March 27, 1997. (b) At this meeting the proposed merger of Ohio Edison Company and Centerior Energy Corporation was approved: Number of Votes - -------------------------------------------------------- Against or Broker For Withheld Abstention Non-Votes - ----------- ------------ ------------ ----------- 127,475,238 3,556,521 1,093,751 0 Item 6. Exhibits and Reports on Form 8-K (a) Exhibits Exhibit Number ------- 15 Letter from independent public accountants. Pursuant to paragraph (b)(4)(iii)(A) of Item 601 of Regulation S-K, the Company has not filed as an exhibit to this Form 10-Q any instrument with respect to long-term debt if the total amount of securities authorized thereunder does not exceed 10% of the total assets of the Company and its subsidiaries on a consolidated basis, but hereby agrees to furnish to the Commission on request any such documents. (b) Reports on Form 8-K The Company filed two reports on Form 8-K since December 31, 1996. A report dated January 28, 1997, reported unaudited consolidated financial results for the year ended December 31, 1996, and a report dated April 1, 1997, reported common stock shareholders of the Company and Centerior Energy Corporation approved the Merger Agreement, dated September 13, 1996, on March 27, 1997. - 12 - SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. May 12, 1997 OHIO EDISON COMPANY ------------------- Registrant /s/H. P. Burg ------------------------------------- H. P. Burg President, Chief Operating Officer and Chief Financial Officer - 13 -
EX-15 2 EXHIBIT 15 Ohio Edison Company 76 South Main Street Akron, Ohio 44308 Gentlemen: We are aware that Ohio Edison Company has incorporated by reference in previously filed Registration Statements No. 33-49135, No. 33- 49259, No. 33-49413, No. 33-51139, No. 333-01489, No. 333-05277 and No. 333-21011, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 1997, which includes our report dated May 12, 1997, covering the unaudited interim consolidated financial statements contained therein. Pursuant to Rule 436(c) of Regulation C of the Securities Act of 1933, such report is not considered a part of the Registration Statements prepared or certified by our firm or a report prepared or certified by our firm within the meaning of Sections 7 and 11 of the Act. Very truly yours, ARTHUR ANDERSEN LLP Cleveland, Ohio May 12, 1997 EX-27 3
OPUR1 (Amounts in 1,000's, except earnings per share) Income tax expense includes $5,505,000 related to other income. 3-MOS DEC-31-1997 MAR-31-1997 PER-BOOK 5,329,736 1,112,033 503,113 1,938,582 0 8,883,464 1,373,125 574,780 576,308 2,524,213 155,000 211,870 2,428,671 200,000 0 119,973 524,007 5,000 0 5,657 2,709,073 8,883,464 604,774 49,401 434,529 478,425 126,349 13,495 139,844 63,820 76,024 3,124 72,900 54,124 52,625 216,891 .51 .51
-----END PRIVACY-ENHANCED MESSAGE-----