Northwest Natural Gas

Live  

Northwest Natural Gas is a natural gas utility company that serves customers in Oregon and Southwest Washington. It is a subsidiary of Northwest Natural Holding Company. The company was originally founded in 1859 as Portland Gas and Coke Company and has since expanded to serve over 760,000 customers.
Northwest Natural Gas provides natural gas services to residential, commercial, and industrial customers. The company has a strong focus on sustainability and has implemented a number of initiatives to reduce its carbon footprint and promote renewable energy sources.
In addition to providing natural gas services, Northwest Natural Gas also offers energy efficiency programs, assistance for low-income customers, and safety education for the community.
Northwest Natural Gas has received recognition for its customer service, environmental stewardship, and commitment to diversity and inclusion. The company has also been consistently recognized as one of the most trusted utility brands in the United States.
Overall, Northwest Natural Gas is committed to providing reliable and affordable natural gas services while also prioritizing the well-being of its customers and the environment.

MS4gTG9uZy BIaXN0b3J5 OiBUaGUgTm 9ydGh3ZXN0 IE5hdHVyYW wgR2FzIChO VyBOYXR1cm FsKSBjb21w YW55IGhhcy BiZWVuIHNl cnZpbmcgY3 VzdG9tZXJz IGZvciBvdm VyIDE2MCB5 ZWFycywgbW FraW5nIGl0 IG9uZSBvZi B0aGUgb2xk ZXN0IG5hdH VyYWwgZ2Fz IGNvbXBhbm llcyBpbiB0 aGUgVW5pdG VkIFN0YXRl cy48YnI+Mi 4gRGVkaWNh dGVkIHRvIH RoZSBFbnZp cm9ubWVudD ogTlcgTmF0 dXJhbCBpcy Bjb21taXR0 ZWQgdG8gcH JvbW90aW5n IGFuZCB1c2 luZyBjbGVh biBhbmQgcm VuZXdhYmxl IGVuZXJneS Bzb3VyY2Vz IHN1Y2ggYX MgYmlvZ2Fz IGFuZCByZW 5ld2FibGUg bmF0dXJhbC BnYXMuIFRo ZXkgaGF2ZS BiZWVuIHJl Y29nbml6ZW QgYXMgb25l IG9mIHRoZS Btb3N0IGVu dmlyb25tZW 50YWxseSBj b25zY2lvdX MgdXRpbGl0 eSBjb21wYW 5pZXMgaW4g dGhlIGNvdW 50cnkuPGJy PjMuIFN0cm 9uZyBDb21t dW5pdHkgSW 52b2x2ZW1l bnQ6IE5XIE 5hdHVyYWwg aGFzIGEgc3 Ryb25nIGZv Y3VzIG9uIG NvbW11bml0 eSBpbnZvbH ZlbWVudCBh bmQgaGFzIG JlZW4gYWN0 aXZlbHkgaW 52b2x2ZWQg aW4gdmFyaW 91cyBpbml0 aWF0aXZlcy BhbmQgcHJv amVjdHMgdG hhdCBiZW5l Zml0IHRoZS Bjb21tdW5p dGllcyB0aG V5IHNlcnZl LiBUaGV5IG Fsc28gaGF2 ZSBhIGNoYX JpdGFibGUg Z2l2aW5nIH Byb2dyYW0g dGhhdCBzdX Bwb3J0cyB2 YXJpb3VzIG NvbW11bml0 eSBvcmdhbm l6YXRpb25z IGFuZCBjYX VzZXMuPGJy PjQuIEN1c3 RvbWVyIFNh dGlzZmFjdG lvbjogTlcg TmF0dXJhbC BoYXMgY29u c2lzdGVudG x5IHJhbmtl ZCBoaWdoIG luIGN1c3Rv bWVyIHNhdG lzZmFjdGlv biBzdXJ2ZX lzLCByZWZs ZWN0aW5nIH RoZWlyIGNv bW1pdG1lbn QgdG8gcHJv dmlkaW5nIG V4Y2VsbGVu dCBjdXN0b2 1lciBzZXJ2 aWNlLjxicj 41LiBTYWZl dHkgYW5kIF JlbGlhYmls aXR5OiBOVy BOYXR1cmFs IGhhcyBhIH N0cm9uZyBz YWZldHkgcm Vjb3JkIGFu ZCBpcyBkZW RpY2F0ZWQg dG8gcHJvdm lkaW5nIHJl bGlhYmxlIG FuZCB1bmlu dGVycnVwdG VkIGdhcyBz ZXJ2aWNlIH RvIGl0cyBj dXN0b21lcn MuPGJyPjYu IERpdmVyc2 UgUG9ydGZv bGlvOiBOVy BOYXR1cmFs IGlzIG5vdC BqdXN0IGEg bmF0dXJhbC BnYXMgY29t cGFueSwgYn V0IGl0IGFs c28gb2ZmZX JzIGVuZXJn eS1zYXZpbm cgYW5kIGhv bWUgaW1wcm 92ZW1lbnQg c2VydmljZX MsIGFwcGxp YW5jZSByZX BhaXIsIGFu ZCBob21lIH dhcnJhbnR5 IHBsYW5zLj xicj43LiBJ bm5vdmF0aW 9uIGFuZCBU ZWNobm9sb2 d5OiBUaGUg Y29tcGFueS BoYXMgaW52 ZXN0ZWQgaW 4gYWR2YW5j ZWQgdGVjaG 5vbG9neSBh bmQgaW5mcm FzdHJ1Y3R1 cmUgdG8gaW 1wcm92ZSB0 aGUgc2FmZX R5IGFuZCBl ZmZpY2llbm N5IG9mIHRo ZWlyIG9wZX JhdGlvbnMu PGJyPjguIE ZpbmFuY2lh bCBTdGFiaW xpdHk6IE5X IE5hdHVyYW wgaGFzIGEg c3Ryb25nIG ZpbmFuY2lh bCB0cmFjay ByZWNvcmQg YW5kIGlzIG NvbnNpZGVy ZWQgb25lIG 9mIHRoZSBt b3N0IGZpbm FuY2lhbGx5 IHN0YWJsZS B1dGlsaXR5 IGNvbXBhbm llcyBpbiB0 aGUgY291bn RyeS48YnI+ OS4gRW1wbG 95ZWUgU2F0 aXNmYWN0aW 9uOiBUaGUg Y29tcGFueS BoYXMgYSBw b3NpdGl2ZS BhbmQgaW5j bHVzaXZlIH dvcmsgY3Vs dHVyZSB0aG F0IHZhbHVl cyBpdHMgZW 1wbG95ZWVz IGFuZCBwcm 92aWRlcyBv cHBvcnR1bm l0aWVzIGZv ciBncm93dG ggYW5kIGRl dmVsb3BtZW 50Ljxicj4x MC4gSW5kdX N0cnkgUmVj b2duaXRpb2 5zOiBOVyBO YXR1cmFsIG hhcyBiZWVu IGNvbnNpc3 RlbnRseSBy ZWNvZ25pem VkIGFzIGEg dG9wLXBlcm Zvcm1pbmcg dXRpbGl0eS Bjb21wYW55 IGluIHRoZS Bjb3VudHJ5 IGFuZCBoYX MgcmVjZWl2 ZWQgbnVtZX JvdXMgYXdh cmRzIGZvci B0aGVpciBz ZXJ2aWNlLC BzYWZldHks IGFuZCBlbn Zpcm9ubWVu dGFsIGluaX RpYXRpdmVz Lg==

VGhlIE5vcn Rod2VzdCBO YXR1cmFsIE dhcyBjb21w YW55J3MgYn VzaW5lc3Mg bW9kZWwgaX MgdG8gcHJv dmlkZSBuYX R1cmFsIGdh cyBkaXN0cm lidXRpb24g YW5kIHN0b3 JhZ2Ugc2Vy dmljZXMgdG 8gcmVzaWRl bnRpYWwsIG NvbW1lcmNp YWwsIGFuZC BpbmR1c3Ry aWFsIGN1c3 RvbWVycyBp biB0aGUgUG FjaWZpYyBO b3J0aHdlc3 QgcmVnaW9u LiBUaGlzIG luY2x1ZGVz IGFjcXVpcm luZywgc3Rv cmluZywgYW 5kIGRlbGl2 ZXJpbmcgbm F0dXJhbCBn YXMgdG8gY3 VzdG9tZXJz JyBob21lcy BhbmQgYnVz aW5lc3Nlcy B0aHJvdWdo IGFuIGV4dG Vuc2l2ZSBu ZXR3b3JrIG 9mIHBpcGVs aW5lcyBhbm Qgc3RvcmFn ZSBmYWNpbG l0aWVzLiBU aGUgY29tcG FueSBhbHNv IGZvY3VzZX Mgb24gcHJv bW90aW5nIH RoZSB1c2Ug b2YgbmF0dX JhbCBnYXMg YXMgYSBjbG VhbiBhbmQg ZWZmaWNpZW 50IGVuZXJn eSBzb3VyY2 UgYW5kIGlu dmVzdGluZy BpbiByZW5l d2FibGUgZW 5lcmd5IGFu ZCBzdXN0YW luYWJpbGl0 eSBpbml0aW F0aXZlcy4g QWRkaXRpb2 5hbGx5LCBO b3J0aHdlc3 QgTmF0dXJh bCBHYXMgc3 RyaXZlcyB0 byBtYWludG FpbiBhIHN0 cm9uZyByZW xhdGlvbnNo aXAgd2l0aC BpdHMgY3Vz dG9tZXJzIG FuZCBjb21t dW5pdGllcy wgZW5zdXJp bmcgc2FmZS BhbmQgcmVs aWFibGUgc2 VydmljZSB3 aGlsZSBhbH NvIGluY29y cG9yYXRpbm cgY29zdC1l ZmZlY3Rpdm UgcHJhY3Rp Y2VzIGFuZC Bpbm5vdmF0 aXZlIHRlY2 hub2xvZ2ll cy4=

The sensitivity of Northwest Natural Gas Company’s earnings, cash flow, and valuation to changes in interest rates can be analyzed from several angles.
1. Earnings Sensitivity: Interest rate changes can indirectly affect earnings by influencing the cost of debt. If interest rates rise, the cost of borrowing increases for the company, resulting in higher interest expenses. This could compress earnings, especially if the company relies significantly on debt for financing operations or capital expenditures. Conversely, lower interest rates may reduce interest expenses and improve net earnings.
2. Cash Flow Sensitivity: Interest rates impact cash flows primarily through financing costs and investment returns. A higher interest rate environment may lead to increased costs for servicing existing debt, thereby reducing operating cash flows. Additionally, if the company has fixed-rate debt, rising rates could limit future refinancing options. On the investment side, higher rates might yield higher returns on cash reserves, whereas lower rates may reduce those returns.
3. Valuation Sensitivity: The valuation of Northwest Natural Gas is closely tied to the discounted cash flow (DCF) model, where future cash flows are discounted back to their present value using a discount rate, often influenced by interest rates. As interest rates rise, the discount rate typically increases, which can lead to a lower present value of future cash flows and, thus, a lower valuation. Conversely, decreasing interest rates would lead to a lower discount rate and potentially higher valuations.
Overall, while specific dollar amounts can vary based on financial structure and market conditions, Northwest Natural Gas Company is generally quite sensitive to interest rate changes due to their impact on debt servicing costs, cash flow generation, and overall valuation.

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 bG9nb3MvS0 ZGZUw1aEZU NlNTTlU0eU 1GMTIud2Vi cCIgYWx0PS JOb3J0aHdl c3QgTmF0dX JhbCBHYXMi IHRpdGxlPS JOb3J0aHdl c3QgTmF0dX JhbCBHYXMi 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 QgTm9ydGh3 ZXN0IE5hdH VyYWwgR2Fz 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+TmCBD bGFpbSB5b3 VyIGZyZWUg ZUJvb2s6ID xpPiJUaGUg Q2hlY2tsaX N0IFZhbHVl IEludmVzdG 9yIOKAlCBB IFNtYXJ0ZX IgV2F5IHRv IFBpY2sgU3 RvY2tzIjwv aT4KICAgIC 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 NGdUbTl5ZE cgaDNaWE4w SUU1aCBkSF Z5WVd3Z1Iy IEZ6SUVOdm JYQmggYm5r c0lHTnZiVy AxdmJteDVJ R3R1IGIzZH VJR0Z6SUUg NVhJRTVoZE hWeSBZV3dz SUdseklHIE VnY0hWaWJH bGogYkhrZ2 RISmhaRyBW a0lHZGhjeU IxIGRHbHNh WFI1SUcgTn ZiWEJoYm5r ZyBZbUZ6Wl dRZ2FXIDRn VUc5eWRHeG ggYm1Rc0lF OXlaVyBkdm JpNGdQR0p5 IFBqSXVJRW wwSUggZGhj eUJtYjNWdS BaR1ZrSUds dUlEIEU0Tl RrZ1lXNWsg SUdseklIUm 9aUyBCdmJH UmxjM1FnIG NIVmliR2xq SUcgTnZiWE JoYm5rZyBh VzRnVDNKbF oyIDl1TGlB OFluSSsgTX k0Z1ZHaGxJ RyBOdmJYQm hibmtnIGNI SnZkbWxrWl ggTWdibUYw ZFhKaCBiQ0 JuWVhNZ2My IFZ5ZG1sal pTQjAgYnlC dmRtVnlJRC BJZ2JXbHNi R2x2IGJpQm pkWE4wYjIg MWxjbk1nYV c0ZyBUM0ps WjI5dUlHIE Z1WkNCVGIz VjAgYUhkbG MzUWdWMiBG emFHbHVaM1 J2IGJpNGdQ R0p5UGogUX VJRTVYSUU1 aCBkSFZ5WV d3Z2FHIEZ6 SUdFZ2JHOX UgWnlCb2FY TjBiMyBKNU lHOW1JSEJ5 IGIzWnBaR2 x1WnkgQm5Z WE1nYzJWeS BkbWxqWlNC MGJ5IEIwYU dVZ1VHRmog YVdacFl5Qk 9iMyBKMGFI ZGxjM1FnIG NtVm5hVzl1 TEMgQjNhWF JvSUdsMCBj eUJtYVhKem RDIEJqZFhO MGIyMWwgY2 5NZ1ltVnBi bSBjZ2RHaG xJRkJ2IGNu UnNZVzVrSU UgZGhjeUJN YVdkbyBkQ0 JEYjIxd1lX IDU1SUdGdV pDQjAgYUdV Z1ZtRnVZMi A5MWRtVnlJ RWRoIGN5Qk RiMjF3WVcg NTVMaUE4WW 5JKyBOUzRn U1c0Z1lXIF JrYVhScGIy NGcgZEc4Z2 FYUnpJRyBk aGN5QjFkR2 xzIGFYUjVJ SE5sY24gWn BZMlZ6TENC TyBWeUJPWV hSMWNtIEZz SUdGc2MyOG cgYjNCbGNt RjBaWCBNZ1 lTQm5ZWE1n IGMzUnZjbU ZuWlMgQmhi bVFnZEhKaC Bibk53YjNK MFlYIFJwYj I0Z1luVnog YVc1bGMzTX NJRyBGdVpD Qm9ZWE1nIG FXNTJaWE4w YlcgVnVkSE 1nYVc0ZyBj bVZ1WlhkaF ltIHhsSUdW dVpYSm4gZV NCd2NtOXFa VyBOMGN5NG dQR0p5IFBq WXVJRlJvWl MgQmpiMjF3 WVc1NSBJR2 hoY3lCaElI IE4wY205dV p5QmogYjIx dGFYUnRaVy A1MElIUnZJ SE4xIGMzUm hhVzVoWW0g bHNhWFI1SU dGdSBaQ0Jv WVhNZ1ltIF ZsYmlCeVpX TnYgWjI1cG VtVmtJRyBa dmNpQnBkSE 1nIFpXWm1i M0owY3kgQn BiaUJ5WldS MSBZMmx1Wn lCbmNtIFZs Ym1odmRYTm wgSUdkaGN5 QmxiVyBsem MybHZibk1n IFlXNWtJSE J5YjIgMXZk R2x1WnlCai BiR1ZoYmlC bGJtIFZ5Wj NrdUlEeGkg Y2o0M0xpQk 9WeSBCT1lY UjFjbUZzIE lHbHpJR0Zz YzIgOGdhMj V2ZDI0ZyBa bTl5SUdsMG N5IEJqYjIx dGRXNXAgZE hrZ2FXNTJi MiB4MlpXMW xiblFzIElI QnliM1pwWk cgbHVaeUJq YUdGeSBhWF JoWW14bElH IFJ2Ym1GMG FXOXUgY3l3 Z2RtOXNkVy A1MFpXVnlJ SGR2IGNtc3 NJR0Z1WkMg QnpkWEJ3Yj NKMCBJR1p2 Y2lCc2IyIE 5oYkNCdmNt ZGggYm1sNl lYUnBiMiA1 ekxpQThZbk krIE9DNGdW R2hsSUcgTn ZiWEJoYm5r ZyBhR0Z6SU dKbFpXIDRn Ym1GdFpXUW cgYjI1bElH OW1JSCBSb1 pTQnRiM04w IElIUnlkWE 4wZDIgOXlk R2g1SUdWdS BkR2wwYVdW eklHIGx1SU U5eVpXZHYg YmlCaWVTQj BhRyBVZ1VH OXlkR3hoIG JtUWdRblZ6 YVcgNWxjM0 1nU205MSBj bTVoYk9LQW 1YIE1nVkhK MWMzUWcgU1 c1a1pYZ3VJ RCB4aWNqND VMaUJKIGJp QXlNREl3TE MgQk9WeUJP WVhSMSBjbU ZzSUdGdWJt IDkxYm1ObF pDQnAgZEhN Z1oyOWhiQy BCMGJ5QmhZ MmhwIFpYWm xJRzVsZEMg MTZaWEp2SU dWdCBhWE56 YVc5dWN5IE JpZVNBeU1E VXcgTENCdF lXdHBibSBj Z2FYUWdiMj VsIElHOW1J SFJvWlMgQm 1hWEp6ZENC dSBZWFIxY2 1Gc0lHIGRo Y3lCMWRHbH MgYVhScFpY TWdhVyA0Z2 RHaGxJRzVo IGRHbHZiaU IwYnkgQmpi MjF0YVhRZy BkRzhnZEdo cGN5IEIwWV hKblpYUXUg SUR4aWNqNH hNQyA0Z1Rs Y2dUbUYwIG RYSmhiQ0Jv WVggTWdZbV ZsYmlCcyBh WE4wWldRZ2 IyIDRnZEdo bElFNWwgZH lCWmIzSnJJ RiBOMGIyTn JJRVY0IFky aGhibWRsSU ggTnBibU5s SURFNSBOVE VnWVc1a0lH IGx6SUdFZ1 kyOXQgY0c5 dVpXNTBJRy A5bUlIUm9a U0JUIEpsQW dOakF3SUcg bHVaR1Y0TG c9PQogICAg ICAgIDwvc3 Bhbj4KICAg ICAgICAKIC AgICAgICA=
See Company Q&A