<SEC-DOCUMENT>0001193125-15-388068.txt : 20160107
<SEC-HEADER>0001193125-15-388068.hdr.sgml : 20160107
<ACCEPTANCE-DATETIME>20151125110534
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-15-388068
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20151125

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITIL CORP
		CENTRAL INDEX KEY:			0000755001
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				020381573
		STATE OF INCORPORATION:			NH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		6 LIBERTY LANE WEST
		CITY:			HAMPTON
		STATE:			NH
		ZIP:			03842
		BUSINESS PHONE:		6037736504

	MAIL ADDRESS:	
		STREET 1:		6 LIBERTY LANE WEST
		CITY:			HAMPTON
		STATE:			NH
		ZIP:			03842
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>CORRESP</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g75295g45s48.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">VIA EDGAR </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">November&nbsp;25,
2015 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">William H. Thompson </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accounting Branch Chief </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of Consumer Products </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and
Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Unitil Corporation </B></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Form 10-K for the Fiscal Year Ended December&nbsp;31, 2014 </B></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Filed January&nbsp;28, 2015 </B></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"><B>File No.&nbsp;1-8858 </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mr.&nbsp;Thompson: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Set forth below are the responses of Unitil Corporation (the &#147;<U>Registrant</U>&#148;, &#147;<U>Unitil</U>&#148; or the
&#147;<U>Company</U>&#148;) to the letter dated November&nbsp;17, 2015 (the &#147;<U>Comment Letter</U>&#148;) from the Staff (the &#147;<U>Staff</U>&#148;) of the Division of Corporation Finance of the Securities and Exchange Commission (the
&#147;<U>Commission</U>&#148;) concerning the Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2014 (the &#147;<U>Form 10-K</U>&#148;), which was filed with the Commission on January&nbsp;28, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For your convenience, the Staff&#146;s comments have been set forth in bold and the numbered paragraphs contained herein correspond to the
numbered paragraphs in the Comment Letter. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Item 8. Financial Statements and Supplementary Data </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 1: Summary of Significant Accounting Policies </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Basis of Presentation </U></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Regulatory Accounting,
page 53 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please disclose the remaining [amount] of regulatory assets not earning a return during the recovery period and the remaining recovery period applicable to them. Please refer to ASC 980-340-50-1.
</B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><U>Response #1:</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Registrant, in accordance with ASC 980-340-50-1, proposes to enhance its disclosure in future filings to include the remaining amount of
regulatory assets not earning a return during the recovery period and the remaining recovery period applicable to them. Specifically, the Registrant intends to replace the first sentence and insert disclosure similar to the following in future
filings in the first paragraph following the Regulatory Assets and Regulatory Liabilities tables (reference page 54 of December&nbsp;31, 2014 Form 10-K): </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr. William H. Thompson </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">November 25, 2015 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 2
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><I>&#147;Included in
regulatory assets as of December&nbsp;31, 2014 are $9.9 million of deferred storm charges to be recovered over the next three and a half years and $4.6 million of rate case costs and other expenditures to be recovered over the next seven years.
Regulators have authorized recovery of these expenditures, but without a return.&#148;</I> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 5: Debt and Financing Arrangements </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Long-Term Debt and Interest Expense </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Long-Term Debt Structure and Covenants, page 61 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>We note your disclosure in the discussion of financial covenants and restrictions on page 32 that long-term debt agreements contain covenants restricting your ability and the ability of your subsidiaries to pay
dividends. However, in the last paragraph, you [disclose] that there were no restrictions on your retained earnings for the payment of common dividends at December&nbsp;31, 2014. Please tell us your consideration of disclosing the pertinent
provisions of the most significant restrictions on your ability to pay dividends in accordance with Rule 4-08(a) of Regulation S-X, and explain to us why there are no restrictions on your retained earnings at December&nbsp;31, 2014. In addition,
please tell us whether the restricted net assets of your consolidated subsidiaries exceed 25% of consolidated net assets, which would require the disclosures required by Rule 4-08(e)(3) of Regulation S-X.</B> </TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><U>Response #2:</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The
Registrant has reviewed Rule 4-08(a) of Regulation S-X and proposes to enhance its disclosure regarding restrictions on retained earnings for the payment of common dividends in future filings. Specifically, the Registrant intends to replace the
paragraph that begins <I>&#147;At December&nbsp;31, 2014, there were no restrictions on Unitil&#146;s Retained Earnings&#133;&#148;</I> (reference page 61 of December&nbsp;31, 2014 Form 10-K) with disclosure similar to the following in future
filings: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><I>&#147;Unitil Energy, Fitchburg, Northern Utilities and Granite State pay common dividends to their sole common shareholder,
Unitil Corporation and these common dividends are the primary source of cash for the payment of dividends to Unitil&#146;s common shareholders. The long-term debt issued by the Company and its subsidiaries contains certain covenants that determine
the amount that the Company and each of these subsidiary companies has available to pay for dividends. As of December&nbsp;31, 2014, in accordance with the covenants, these subsidiary companies had a combined amount of $147.7 million available for
the payment of dividends and Unitil Corporation had $186.6 million available for the payment of dividends. As of December&nbsp;31, 2014, the Company&#146;s balance in Retained Earnings was $38.4 million. Therefore, there were no restrictions on the
Company&#146;s Retained Earnings at December&nbsp;31, 2014 for the payment of dividends.&#148;</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Per Rule 4-08(e)(3) of Regulation S-X,
as of December&nbsp;31, 2014, the restricted net assets of the Company&#146;s consolidated subsidiaries did not exceed 25% of consolidated net assets. In making this determination, in accordance with Rule 4-08(e)(3) of Regulation S-X, the
</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr. William H. Thompson </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">November 25, 2015 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 3
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Registrant considers
restrictions on the amount of funds which may be loaned or advanced by the Company&#146;s consolidated subsidiaries as well as restrictions on the amount of funds which may be transferred in the form of cash dividends by the Company&#146;s
consolidated subsidiaries. Per Rule 4-08(e)(3) of Regulation S-X, &#147;<I>Where restrictions on the amount of funds which may be loaned or advanced differ from the amount restricted as to transfer in the form of cash dividends, the amount least
restrictive to the subsidiary shall be used.&#148;</I> There are no restrictions on the amount of funds which may be loaned or advanced by the Company&#146;s consolidated subsidiaries and therefore the Company determined that the disclosures noted
in Rule 4-08(e)(3) of Regulation S-X were not required as of December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 8: Commitments and Contingencies </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Legal Proceedings, page 73 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please confirm to us, if true, that you believe the ultimate resolution of legal and administrative proceedings and claims arising in the normal course of business will not have a material impact on your operating
results or cash flows and revise your disclosure in future filings to disclose the same. If not true, please disclose an estimate of the possible loss or range of loss in excess of amounts accrued or a statement that such an estimate cannot be made.
In addition, revise your disclosure of the [putative] class action complaint to provide similar disclosure. Please refer to ASC 450-20-50.</B> </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><U>Response #3:</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The
Registrant has reviewed ASC 450-20-50. The Registrant confirms that it believes the ultimate resolution of legal and administrative proceedings and claims arising in the normal course of business will not have a material impact on its operating
results or cash flows. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Registrant will revise its disclosure in future filings. Specifically, the Registrant intends to replace the
second sentence of the first paragraph under the heading &#147;Legal Proceedings&#148; (reference page 73 of December&nbsp;31, 2014 Form 10-K) with disclosure similar to the following in future filings: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><I>&#147;The Company believes, based upon information furnished by counsel and others, that the ultimate resolution of these claims will not
have a material impact on its financial position, operating results or cash flows.&#148;</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Registrant also confirms that it will
revise its disclosure of the putative class action complaint in future filings to provide this same disclosure. Specifically, the Registrant intends to add disclosure similar to the following in future filings to the end of the second paragraph
under the heading &#147;Legal Proceedings&#148; (reference page 73 of December&nbsp;31, 2014 Form 10-K): </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr. William H. Thompson </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">November 25, 2015 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 4
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><I>&#147;The Company
believes, based upon information furnished by counsel and others, that the ultimate resolution of these suits will not have a material impact on its financial position, operating results or cash flows.&#148;</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the Registrant acknowledges that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Registrant is responsible for the adequacy and accuracy of the disclosure in its filings; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the Registrant&#146;s filings; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Registrant may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If you have any questions regarding these responses or require further information or clarification, please direct them to Mark H. Collin, Senior Vice
President, Chief Financial Officer&nbsp;&amp; Treasurer, at (603)&nbsp;773-6612, or Laurence M. Brock, Controller&nbsp;&amp; Chief Accounting Officer, at (603)&nbsp;773-6510. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Very truly yours,</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Very truly yours,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Mark H. Collin</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Laurence M. Brock</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Mark H. Collin</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Laurence M. Brock</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Financial
Officer&nbsp;&amp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Treasurer</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Controller &amp; Chief Accounting Officer</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g75295g45s48.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g75295g45s48.jpg
M_]C_X  02D9)1@ ! 0$!+ $L  #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN
M;P(0  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@
M<U)'0@                  ]M8  0    #3+4A0("
M                                             !%C<')T   !4
M #-D97-C   !A    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "
M&    !1G6%E:   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D
M   "Q    (AV=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M
M96%S   $#    "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/
M" QB5%)#   $/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L
M971T+5!A8VMA<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV
M-BTR+C$              !)S4D="($E%0S8Q.38V+3(N,0
M                                                    6%E:(
M     /-1  $    !%LQ865H@                     %A96B        !O
MH@  ./4   .06%E:(        &*9  "WA0  &-I865H@        )*    ^$
M  "VSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M    %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                                  !D97-C         "Y)14,@-C$Y
M-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M     "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M
M('-21T(                             9&5S8P         L4F5F97)E
M;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0
M    +%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR
M+C$                                  '9I97<      !.D_@ 47RX
M$,\4  /MS  $$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P
M       !                         H\    "<VEG(     !#4E0@8W5R
M=@        0     !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4
M %D 7@!C &@ ;0!R '< ? "! (8 BP"0 )4 F@"? *0 J0"N +( MP"\ ,$
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M])5?E<F6-):?EPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY
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M 2(  A$! Q$!_\0 'P   04! 0$! 0$           $" P0%!@<("0H+_\0
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MV:?BOJW@GQA\+/&FG^(]$9%O+>*]M)TC+QK(N'5\'*NIX]:_0@J&&#7\Y/\
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M^S;\/]0N_BMKVI>%_'?EQ2^'8[2*T@B5;6.7][*G[RXRQ)_>''M7YQ?M3_\
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MSWG_ *%7;P]2A3XAQE.FDDDK):);&./DY8&E*3N[_P"9_0_^P_\ \F;?"O\
M[%33?_26.BC]A_\ Y,V^%?\ V*FF_P#I+'17Y!C?]XJ?XG^9]31_AQ]$-_;+
MCU5?@/JEQI5O:WK6;1SW%K<6PG2X@#?.NT^QSD<\'!%?)WPY\>? [[7%?Z]X
M6\0Z5J$!#M%:7;7%HS@YRHW!P,]C^M?H(Z!Q@@$'KFN/U[X >#/$EVUQ>>%]
M"GN6ZRM9IO/OG'/XU^9\4<(8K,,=''86=-M)+EJP4XZ-NZ>ZWU2LG;4^[X=X
MHP^!PDL'B(3LVWS4Y\KU2T:V:TT;VZ'%?!/]JB;XZ^,IXM$\.7=IX3T^!FN-
M6OF$>9.-J*HR.F<Y.1BN:\3?M4CQ5^TOHVA^']55?#6@0W%WKUXA'D2JL9R"
MW=4('(ZLU<GX[_82\>ZIK:Z5IWCAY?"C$LD=S,\9MQG[GE)\K?48SWKO?#__
M  3^\+:/\.6T%]0U7SKR5)=0O8)!%)>!<XBQ@A8\\[1W )S7C4:O%V*@L-.D
MXN$N:4Y.,>>S34(*-[0=E=MNZOKK8]6K2X8P\GB(U.93CRQC%2ERW5G.;EO)
M7=DDDG;3J>'?!;X=?\-<_%WXB7IN;C3-(U/]XTT<89L-.K(F#QDJGX5]K>"/
M!^G^ ?"MEH^EP+;6-A$(HHP.@ ZGU)/)/<FL?X0_!30/@=X??3/#]JUO;RR>
M=*TDADDF?&,LQ]NW05UM?4\'\+K*\/[7$I2Q$[N<EYR<K*_37LKOY'SO%'$3
MS*O[.A=4(64(ORBHW?GIW=E\PK^=G_@NOX9N?#O_  4Z\?R7,;(FJ1V-Y <?
M?C-I&F?^^D;\J_HFKXR_X*R?\$E]/_X*':'I^N:+J=MX=^('A^!K>TNYXRUM
MJ$!.[R)]OS##$E7&2N3P0>/U[@S-Z.7YA[3$.T9)Q;[:IW_ ^#S7"SKT.6&Z
M=SA_^#;2=)/V M00.K/'XJO=R@\KF.$C-?4W_!0#Q-;^$/V(/BQ?W+JD47A;
M4(QN. SO R(OU+,H_&OSM_X)X?LV?MC_ /!,SQ#KVD:?\,O#WCKPCKTR3W5H
MGB*"!4F4;1-#(3E25P&#+@@#H17V3J/P9^+7[:-WI-I\6](\._#WX>:;?0ZE
M=>%],U(ZI?\ B"6%A)%'<W 5(X[=7"L40$N5 )Q6^=X>BLUEC?:PE2<E*ZDF
M[;VY4[WZ;6ZMHSP<Y?5E2Y6I)6U3_/8^$/\ @X*TF?0?V8_V:+&Z3R[FTTJ2
M&5/[KK:V@(_,5W'_  :X_P#(F_%__K_T_P#]%RUZ=_P5U_X)\_&?_@HGK'AR
MQT'3/!>AZ/X.NKIK.[NM8D:74(Y5C +1"'$9&SIN/7K4_P#P2%_8!^,O_!.W
M4?$.F^(-.\':QHWBZ[MY;N^M-8D$U@D2.ORQ&+$A.X<;A7L5<RPT^&7A'4C[
M5Z\MU_/S?E_EN<L</468>UY7R[7^5CX]_P"#F'_D]CPM_P!BI%_Z4SU]H_\
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:@9Z]:*_*L<U]9G9IZO9W6K/I*/\ #CZ'_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
