Exelon

Live  

Exelon Corporation is an American energy company that specializes in the generation and distribution of electricity and natural gas. The company was founded in 2000 through the merger of PECO Energy Company and Unicom Corp, creating one of the largest electric utility companies in the country.
Exelon operates in six different states, primarily in the mid-Atlantic and Midwest regions, and serves approximately 10 million customers. The company's headquarters are located in Chicago, Illinois.
Exelon's subsidiaries include several major energy companies, such as PECO, ComEd, Baltimore Gas and Electric, and Constellation Energy. The company also owns and operates a large fleet of power plants, including nuclear, natural gas, and renewable energy facilities.
Exelon is committed to sustainable energy and has set a goal to reduce its greenhouse gas emissions by 15% by 2022. The company also invests in renewable energy projects, such as wind and solar, and has partnerships with community organizations to increase access to clean energy.
In addition to its energy operations, Exelon also has a strong commitment to social responsibility and community involvement. The company has various programs to support education, environmental conservation, and economic development initiatives in the communities it serves.
Overall, Exelon is a major player in the energy industry, working to provide reliable and affordable energy while also promoting sustainability and community support.

MS4gTGVhZG luZyBFbmVy Z3kgQ29tcG FueTogRXhl bG9uIGlzIG 9uZSBvZiB0 aGUgbGFyZ2 VzdCBlbmVy Z3kgY29tcG FuaWVzIGJ5 IHJldmVudW UgaW4gdGhl IFVuaXRlZC BTdGF0ZXMg YW5kIGlzIH RoZSBsYXJn ZXN0IHByb3 ZpZGVyIG9m IGNsZWFuIG VuZXJneS4g SXQgaGFzIG EgZGl2ZXJz ZSBwb3J0Zm 9saW8gb2Yg ZW5lcmd5IH NvdXJjZXMs IGluY2x1ZG luZyBudWNs ZWFyLCBuYX R1cmFsIGdh cywgYW5kIH JlbmV3YWJs ZSBlbmVyZ3 kuPGJyPjIu IEZvY3VzIG 9uIENsZWFu IEVuZXJneT ogVGhlIGNv bXBhbnkgaG FzIGJlZW4g YSBsZWFkZX IgaW4gdHJh bnNpdGlvbm luZyB0b3dh cmRzIGEgbW 9yZSBzdXN0 YWluYWJsZS BhbmQgY2xl YW4gZW5lcm d5IGZ1dHVy ZS4gSXQgaG FzIGludmVz dGVkIGhlYX ZpbHkgaW4g cmVuZXdhYm xlIGVuZXJn eSBzb3VyY2 VzIGxpa2Ug d2luZCBhbm Qgc29sYXIg cG93ZXIgYW 5kIGhhcyBz ZXQgYW1iaX Rpb3VzIGdv YWxzIHRvIH JlZHVjZSBp dHMgY2FyYm 9uIGVtaXNz aW9ucyBhbm QgaW1wYWN0 IG9uIHRoZS BlbnZpcm9u bWVudC48Yn I+My4gU3Ry b25nIE51Y2 xlYXIgUG93 ZXIgUHJlc2 VuY2U6IEV4 ZWxvbiBpcy B0aGUgbGFy Z2VzdCBvcG VyYXRvciBv ZiBudWNsZW FyIHBvd2Vy IHBsYW50cy BpbiB0aGUg VW5pdGVkIF N0YXRlcywg d2l0aCAyMy ByZWFjdG9y cyBhY3Jvc3 MgMTMgbnVj bGVhciBwbG FudHMuIEl0 cyBudWNsZW FyIGZsZWV0 IHByb3ZpZG VzIHJlbGlh YmxlLCBjYX Jib24tZnJl ZSBlbmVyZ3 kgdG8gbWls bGlvbnMgb2 YgY3VzdG9t ZXJzLjxicj 40LiBJbm5v dmF0aW9uIG FuZCBUZWNo bm9sb2d5Oi BFeGVsb24g aXMgY29tbW l0dGVkIHRv IGNvbnRpbn VvdXMgaW1w cm92ZW1lbn QgYW5kIGlu bm92YXRpb2 4gaW4gdGhl IGVuZXJneS BzZWN0b3Iu IEl0IGludm VzdHMgaW4g bmV3IHRlY2 hub2xvZ2ll cyBhbmQgcG FydG5lcnNo aXBzIHRvIG ltcHJvdmUg ZW5lcmd5IG VmZmljaWVu Y3kgYW5kIG ZpbmQgYWx0 ZXJuYXRpdm UgZW5lcmd5 IHNvbHV0aW 9ucy48YnI+ NS4gQ29tbW l0bWVudCB0 byBTb2NpYW wgUmVzcG9u c2liaWxpdH k6IFRoZSBj b21wYW55IG lzIGRlZGlj YXRlZCB0by BtYWtpbmcg YSBwb3NpdG l2ZSBpbXBh Y3Qgb24gdG hlIGNvbW11 bml0aWVzIG l0IHNlcnZl cy4gSXQgc3 VwcG9ydHMg dmFyaW91cy Bjb21tdW5p dHkgZGV2ZW xvcG1lbnQg YW5kIGNsZW FuIGVuZXJn eSBpbml0aW F0aXZlcyBh bmQgaGFzIG Egc3Ryb25n IGZvY3VzIG 9uIGRpdmVy c2l0eSwgZX F1aXR5LCBh bmQgaW5jbH VzaW9uLjxi cj42LiBFbX Bsb3llZSBE ZXZlbG9wbW VudDogRXhl bG9uIHZhbH VlcyBpdHMg ZW1wbG95ZW VzIGFuZCBp bnZlc3RzIG luIHRoZWly IGRldmVsb3 BtZW50LiBJ dCBvZmZlcn MgdmFyaW91 cyB0cmFpbm luZyBhbmQg ZGV2ZWxvcG 1lbnQgcHJv Z3JhbXMsIG FzIHdlbGwg YXMgb3Bwb3 J0dW5pdGll cyBmb3IgY2 FyZWVyIGdy b3d0aCBhbm QgYWR2YW5j ZW1lbnQuPG JyPjcuIFN0 cm9uZyBGaW 5hbmNpYWwg UGVyZm9ybW FuY2U6IEV4 ZWxvbiBoYX MgY29uc2lz dGVudGx5IG RlbGl2ZXJl ZCBzdHJvbm cgZmluYW5j aWFsIHJlc3 VsdHMsIHdp dGggYSB0cm FjayByZWNv cmQgb2YgcH JvZml0YWJp bGl0eSBhbm Qgc3RlYWR5 IGRpdmlkZW 5kIHBheW91 dHMgdG8gaW 52ZXN0b3Jz Ljxicj44Li BBd2FyZHMg YW5kIFJlY2 9nbml0aW9u OiBFeGVsb2 4gaGFzIHJl Y2VpdmVkIG 51bWVyb3Vz IGF3YXJkcy BhbmQgcmVj b2duaXRpb2 4gZm9yIGl0 cyBsZWFkZX JzaGlwIGlu IGVuZXJneS wgc3VzdGFp bmFiaWxpdH ksIGFuZCBj b3Jwb3JhdG Ugc29jaWFs IHJlc3Bvbn NpYmlsaXR5 LiBJdCBoYX MgYmVlbiBy ZWNvZ25pem VkIGFzIG9u ZSBvZiB0aG UgIldvcmxk 4oCZcyBNb3 N0IEFkbWly ZWQgQ29tcG FuaWVzIiBi eSBGb3J0dW 5lIG1hZ2F6 aW5lIGFuZC BoYXMgYmVl biBuYW1lZC BvbmUgb2Yg dGhlICJUb3 AgNTAgQ29t cGFuaWVzIG ZvciBEaXZl cnNpdHkiIG J5IERpdmVy c2l0eUluYy 4=

RXhlbG9uIG lzIGEgZGl2 ZXJzaWZpZW QgZW5lcmd5 IGNvbXBhbn kgdGhhdCBv cGVyYXRlcy BpbiB0aGUg Z2VuZXJhdG lvbiwgdHJh bnNtaXNzaW 9uLCBkaXN0 cmlidXRpb2 4sIGFuZCBy ZXRhaWwgc2 FsZSBvZiBl bmVyZ3kgYW 5kIGVuZXJn eS1yZWxhdG VkIHByb2R1 Y3RzIGFuZC BzZXJ2aWNl cy4gVGhlIG NvbXBhbnkn cyBidXNpbm VzcyBtb2Rl bCBjYW4gYm UgYnJva2Vu IGRvd24gaW 50byBmb3Vy IG1haW4gY2 9tcG9uZW50 czo8YnI+MS 4gR2VuZXJh dGlvbjogRX hlbG9uIG9w ZXJhdGVzIG EgZGl2ZXJz ZSBwb3J0Zm 9saW8gb2Yg Y2xlYW4gZW 5lcmd5IGdl bmVyYXRpb2 4gc291cmNl cywgaW5jbH VkaW5nIG51 Y2xlYXIsIG 5hdHVyYWwg Z2FzLCByZW 5ld2FibGUs IGFuZCBoeW RybyBlbmVy Z3kuIFRoaX MgYWxsb3dz IHRoZSBjb2 1wYW55IHRv IG1lZXQgdG hlIGVuZXJn eSBuZWVkcy BvZiBpdHMg Y3VzdG9tZX JzIHdoaWxl IGFsc28gcm VkdWNpbmcg aXRzIGNhcm JvbiBmb290 cHJpbnQuPG JyPjIuIFRy YW5zbWlzc2 lvbiBhbmQg RGlzdHJpYn V0aW9uOiBF eGVsb24gb3 ducyBhbmQg b3BlcmF0ZX MgYSBuZXR3 b3JrIG9mIG VsZWN0cmlj IGFuZCBuYX R1cmFsIGdh cyB0cmFuc2 1pc3Npb24g YW5kIGRpc3 RyaWJ1dGlv biBzeXN0ZW 1zLiBUaGVz ZSBzeXN0ZW 1zIGRlbGl2 ZXIgZW5lcm d5IGZyb20g dGhlIGdlbm VyYXRpb24g ZmFjaWxpdG llcyB0byBo b21lcywgYn VzaW5lc3Nl cywgYW5kIG 90aGVyIGVu ZC11c2Vycy 48YnI+My4g UmV0YWlsOi BFeGVsb24g c2VsbHMgZW xlY3RyaWNp dHkgYW5kIG 5hdHVyYWwg Z2FzIGRpcm VjdGx5IHRv IHJlc2lkZW 50aWFsLCBj b21tZXJjaW FsLCBhbmQg aW5kdXN0cm lhbCBjdXN0 b21lcnMgdG hyb3VnaCBp dHMgcmV0YW lsIGJyYW5k cywgc3VjaC BhcyBDb25z dGVsbGF0aW 9uIGFuZCBB dGxhbnRpYy BDaXR5IEVs ZWN0cmljLi BUaGlzIGFs bG93cyB0aG UgY29tcGFu eSB0byBoYX ZlIGEgZGly ZWN0IHJlbG F0aW9uc2hp cCB3aXRoIG l0cyBlbmQt dXNlcnMsIH Byb3ZpZGlu ZyB0aGVtIH dpdGggY29t cGV0aXRpdm UgcHJpY2lu ZyBhbmQgZW 5lcmd5IG1h bmFnZW1lbn Qgc29sdXRp b25zLjxicj 40LiBTZXJ2 aWNlczogRX hlbG9uIG9m ZmVycyBhIH JhbmdlIG9m IGVuZXJneS 1yZWxhdGVk IHNlcnZpY2 VzLCBpbmNs dWRpbmcgZW 5lcmd5IG1h bmFnZW1lbn QsIGVuZXJn eSBlZmZpY2 llbmN5LCBh bmQgcmVuZX dhYmxlIGVu ZXJneSBzb2 x1dGlvbnMu IFRoZXNlIH NlcnZpY2Vz IGhlbHAgY3 VzdG9tZXJz IHJlZHVjZS B0aGVpciBl bmVyZ3kgY2 9uc3VtcHRp b24sIGxvd2 VyIHRoZWly IGNvc3RzLC BhbmQgbWVl dCB0aGVpci BzdXN0YWlu YWJpbGl0eS Bnb2Fscy48 YnI+T3Zlcm FsbCwgRXhl bG9uJ3MgYn VzaW5lc3Mg bW9kZWwgZm 9jdXNlcyBv biBwcm92aW RpbmcgcmVs aWFibGUsIG FmZm9yZGFi bGUsIGFuZC BzdXN0YWlu YWJsZSBlbm VyZ3kgc29s dXRpb25zIH RvIGl0cyBj dXN0b21lcn Mgd2hpbGUg YWxzbyBwcm 9tb3Rpbmcg aW5ub3ZhdG lvbiBhbmQg ZW52aXJvbm 1lbnRhbCBz dGV3YXJkc2 hpcC4=

The sensitivity of Exelon’s earnings, cash flow, and valuation to changes in interest rates can be analyzed through several key factors.
Firstly, earnings sensitivity is influenced by the company’s capital structure and the interest rates it faces on its debt. Exelon, as a utility company, typically has significant long-term debt. When interest rates rise, the cost of servicing this debt increases, which can lead to reduced earnings if the company does not pass these costs onto consumers or if its regulatory environment does not allow for rate increases.
Secondly, cash flow is also sensitive to interest rate changes, impacting both operational costs and financing costs. Higher interest rates can lead to increased borrowing costs for capital expenditures and can affect the company’s ability to finance new projects or maintain existing infrastructure. Additionally, if higher rates lead to reduced economic activity, this could negatively impact demand for electricity, further affecting cash flow.
Finally, valuation is typically influenced by interest rates through the discount rate used in discounted cash flow analysis. Higher interest rates increase the discount rate, which reduces the present value of future cash flows. For a utility company like Exelon, which is often valued based on its cash flow generation, increased rates can lead to a lower valuation. Market conditions, investor sentiment, and alternative investment opportunities also play a role, creating a further link between interest rates and the company’s market valuation.
In summary, Exelon’s earnings, cash flow, and valuation demonstrate a measurable sensitivity to changes in interest rates, primarily through the impacts on debt servicing costs, financing conditions, and discount rate adjustments in valuation models.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvMD NJMW9GZzFY dXFmanZUWl lrNFcud2Vi cCIgYWx0PS JFeGVsb24i IHRpdGxlPS JFeGVsb24i ICBjbGFzcz 0iaW1nLWZs dWlkIiBoZW lnaHQ9OTAg d2lkdGg9OT AgbG9hZGlu Zz0nbGF6eS cgc3R5bGU9 J2JvcmRlci 1yYWRpdXM6 IDZweDsnPg oKICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdmbGV4 OiAxOyB0ZX h0LWFsaWdu OiBjZW50ZX I7IG1hcmdp bi1sZWZ0Oi A1cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPHAgc3R5 bGU9J2Zvbn Qtc2l6ZTog MjZweDsgY2 9sb3I6ICMz MzM7IG1hcm dpbi1ib3R0 b206IDE1cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIPCfk4gg V2FudCB0by ByZWFkIG1v cmUgYWJvdX QgRXhlbG9u PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+agCBE b27igJl0IG 1pc3MgPGk+ IlRoZSBDaG Vja2xpc3Qg VmFsdWUgSW 52ZXN0b3Ig 4oCUIEEgU2 1hcnRlciBX YXkgdG8gUG ljayBTdG9j a3MiPC9pPi DigJQgZnJl ZSEKICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9w PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPCEt LQogICAgIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dtYXJnaW4t dG9wOiAxMn B4OyBmb250 LXNpemU6ID EzcHg7IGNv bG9yOiAjND Q0Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIG5vdy BhbmQgZ2V0 IG91ciBmcm VlIGVCb29r IAogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGI+VGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrczwvYj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIC0tPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8IS0tCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J21h cmdpbi10b3 A6IDE2cHg7 IGZvbnQtc2 l6ZTogMTRw eDsgY29sb3 I6ICM0NDQ7 IGZvbnQtZm FtaWx5OiAt YXBwbGUtc3 lzdGVtLCBC bGlua01hY1 N5c3RlbUZv bnQsIFNlZ2 9lIFVJLCBS b2JvdG8sIE hlbHZldGlj YSBOZXVlLC BzYW5zLXNl cmlmOyBsaW 5lLWhlaWdo dDogMS42Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BIYXZlIHlv dSBoZWFyZC BhYm91dCBv dXIgc2hvcn QgPHN0cm9u ZyBzdHlsZT 0nZm9udC13 ZWlnaHQ6ID YwMDsnPkRh aWx5IFZpZG VvIE5ld3Ns ZXR0ZXI8L3 N0cm9uZz4/ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dodHRwczov L3d3dy5pbn NpZ2h0ZnVs dmFsdWUuY2 9tL25ld3Ns ZXR0ZXIucG hwJyB0YXJn ZXQ9J19ibG Fuaycgc3R5 bGU9J2NvbG 9yOiAjMDA3 QkZGOyB0ZX h0LWRlY29y YXRpb246IG 5vbmU7IGZv bnQtd2VpZ2 h0OiA1MDA7 IG1hcmdpbi 1sZWZ0OiA2 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BGaW5kIG91 dCBtb3JlCi AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 E+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg CiAgICAgIC AgCiAgICAg ICAgPHNwYW 4gY2xhc3M9 J2JsdXJyZW QtdGV4dCc+ CiAgICAgIC AgICAgIE1T NGdSWGhsYk cgOXVJR2x6 SUhSbyBaU0 JzWVhKblpY IE4wSUdWc1 pXTjAgY21s aklIVjBhVy B4cGRIa2dZ Mjl0IGNHRn VlU0JwYmkg QjBhR1VnVl c1cCBkR1Zr SUZOMFlYIF JsY3l3Z2My VnkgZG1sdV p5QnZkbSBW eUlERXdJRz FwIGJHeHBi MjRnWTMgVn pkRzl0WlhK eiBJR2x1SU Vsc2JHIGx1 YjJsekxDQk 4gWVhKNWJH RnVaQyB3Z1 lXNWtJRkJs IGJtNXplV3 gyWVcgNXBZ UzQ4WW5JKy BNaTRnVkdo bElHIE52Yl hCaGJua2cg ZDJGeklHTn laVyBGMFpX UWdkR2h5IG IzVm5hQ0Jo SUcgMWxjbW RsY2lCaSBa WFIzWldWdU lGIEJGUTA4 Z1JXNWwgY2 1kNUlHRnVa QyBCVmJtbG piMjBnIGFX NGdNakF3TU MgNDhZbkkr TXk0ZyBSWG hsYkc5dUlH IDl3WlhKaG RHVnogSUhS b1pTQnNZWC BKblpYTjBJ R1pzIFpXVj BJRzltSUcg NTFZMnhsWV hJZyBjRzkz WlhJZ2NHIH hoYm5SeklH bHUgSUhSb1 pTQlZibSBs MFpXUWdVM1 JoIGRHVnpM anhpY2ogND BMaUJVYUdV ZyBZMjl0Y0 dGdWVTIEJw Y3lCamIyMX QgYVhSMFpX UWdkRyA4Z1 kyeGxZVzRn IFpXNWxjbW Q1SUcgRnVa Q0JwY3lCMC BhR1VnYkdW aFpHIGx1Wn lCd2NtOWsg ZFdObGNpQn ZaaSBCM2FX NWtJR1Z1IF pYSm5lU0Jw YmkgQjBhR1 VnVlM1VCBM aUJoY3lCM1 pXIHhzSUdG eklHOXUgWl NCdlppQjBh RyBVZ2JHRn laMlZ6IGRD QnpiMnhoY2 kgQndjbTlr ZFdObCBjbk 11UEdKeVBq IFV1SUVWNF pXeHYgYmlC b1lYTWdZbS BWbGJpQnVZ VzFsIFpDQn ZibVVnYjIg WWdkR2hsSU ZkdiBjbXhr NG9DWmN5IE JOYjNOMElF RmsgYldseV pXUWdRMiA5 dGNHRnVhV1 Z6IElHSjVJ RVp2Y24gUj FibVVnYldG biBZWHBwYm 1VZ1ptIDl5 SURFeUlHTn YgYm5ObFkz VjBhWCBabE lIbGxZWEp6 IExqeGljaj QyTGkgQkpi aUF5TURFNS BMQ0JGZUdW c2IyIDRnZD JGeklISmwg WTI5bmJtbD ZaVyBRZ1lY TWdiMjVsIE lHOW1JSFJv WlMgQkNaWE 4wSUVWdCBj R3h2ZVdWeW N5IEJtYjNJ Z1RtVjMgSU VkeVlXUjFZ WCBSbGN5Qm llU0JHIGIz SmlaWE1nYl cgRm5ZWHBw Ym1VdSBQR0 p5UGpjdUlG IFJvWlNCam IyMXcgWVc1 NUlHbHpJRy BFZ2JHVmha R1Z5IElHbH VJR1JwZG0g VnljMmwwZV NCaCBibVFn YVc1amJIIF Z6YVc5dUxD QjMgYVhSb0 lHOTJaWCBJ Z05EQWxJRz ltIElHbDBj eUIzYjMgSn JabTl5WTJV ZyBZbVZwYm 1jZ2QyIDl0 Wlc0Z1lXNW sgSUc5MlpY SWdNeiBBbE lHSmxhVzVu IElIQmxiM0 JzWlMgQnZa aUJqYjJ4di BjaTQ4WW5J K09DIDRnUl hobGJHOXUg SUdoaGN5Qm laVyBWdUlI SmxZMjluIG JtbDZaV1Fn Wm0gOXlJR2 wwY3lCaiBi MjF0YVhSdF pXIDUwSUhS dklITjEgYz NSaGFXNWhZ bSBsc2FYUj VJR0Z1IFpD Qm9ZWE1nWW 0gVmxiaUJw Ym1OcyBkV1 JsWkNCdmJp IEIwYUdVZ1 JHOTMgSUVw dmJtVnpJRi BOMWMzUmhh VzVoIFltbH NhWFI1SUUg bHVaR1Y0SU dadiBjaUF4 TlNCNVpXIE Z5Y3lCcGJp QmggSUhKdm R5NDhZbiBJ K09TNGdWR2 hsIElHTnZi WEJoYm4ga2 dhR0Z6SUdF ZyBjM1J5Yj I1bklHIFp2 WTNWeklHOX UgSUdOdmJX MTFibSBsMG VTQnBiblp2 IGJIWmxiV1 Z1ZEMgQmhi bVFnYUdGei BJR052Ym5S eWFXIEoxZE dWa0lHOTIg WlhJZ0pERW dZbSBsc2JH bHZiaUIwIG J5QnNiMk5o YkMgQmphR0 Z5YVhScCBa WE1nWVc1a0 lHIDV2Ymkx d2NtOW0gYV hSeklITnBi bSBObElESX dNREF1IFBH SnlQakV3TG kgQkZlR1Zz YjI3aSBnSm x6SUdOdmJX IDFwZEcxbG JuUWcgZEc4 Z2MyRm1aWC BSNUlHaGhj eUJ5IFpYTj FiSFJsWkMg QnBiaUJpWl dsdSBaeUJ1 WVcxbFpDIE IwYUdVZ2My Rm0gWlhOME lHNTFZMiB4 bFlYSWdiM0 JsIGNtRjBi M0lnYVcgNG dkR2hsSUZV dSBVeTRnWW 5rZ2RHIGhs SUU1MVkyeG wgWVhJZ1Vt Vm5kVyB4aG RHOXllU0JE IGIyMXRhWE 56YVcgOXVJ R1p2Y2lBeC BOeUJqYjI1 elpXIE4xZE dsMlpTQjUg WldGeWN5ND hZbiBJKwog ICAgICAgID wvc3Bhbj4K ICAgICAgIC AKICAgICAg ICA=
See Company Q&A