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Home My WebLink AboutCOM 0145.001 2016-2018 County of Hawaii r. Phone: (808)961-8564 J �C , Council District 9- (808)887-2069 North and South Kohala • � %: •�� • Email:tim.richards iihatvaiicountvvav o's HERBERT M. "TIM" RICHARDS, III HAWAII COUNTY COUNCIL District 9 COUNT! CCERK 25 Aupuni Street, Ste. 1402, Hilo, Hawaii 96720 COUNTY OF EAAAPS RECEIVED Time lb.DoinBy DATE: March 21, 2017 Date 37aaIii TO: Valerie T. Poindexter, Chairwoman and Members of the Hawaii County Council FROM: kI,Jeim Richards, Council Member C-; Council District 9 -North and South Kohala SUBJECT: Revised Presentation entitled"Paniolo Power" from March 21, 2017 Aloha! Attached please find the revised PowerPoint presentation as made on March 21, 2017 to the Committee on Agriculture, Water and Energy Sustainability by Mr. Jose Dizon. It was brought to my attention that there were additional slides added into the previous submission made to the proper channels on February 21, 2017. We apologize for any inconvenience this revision has caused and thank you for your understanding. Should you have any questions or concerns regarding the above,please do not hesitate to contact Dot at 961-8564. Mahalo! HTR:dbk Attachment: Presentation material via email Comm No Liss Ref. To; ri RW 6x Ref. Date MAR 2I 20D Hawaii County is an Equal Opportunity Provider and Employer f PANTOLO Parker Ranch POWER CONPRNY est.1847 Alternative Thinkingabout Energyfor the BigIsland , „ _....„._ . .,._ _ ,,,,,„ ,- _ _ _ _ _ . .. -ter: ' _ .-:... -..-.+, '_..•`parr c+.,r _ xi,,. .... .... ...._. -- _. - ..-_. c' _ wt.'s ,...., �^ ....... .-_._,,, . ,-.-__-- ...•-.sue« �...a.t a 1 - - - - . rt " :e' er r,� a. .t.. _ 74 5C . i`�. ♦` 0,--. � _V .. .d p-...a 7P . xw v. a — %a-.. r La. u < "..- �. i ' r _ _ ; S - '1'.410614441,61W-. ._ 4 ! �_ ` T - wi..lr:-. <QR".~1.• 1" f» -- zW1�4rzasr..+t :6'TL�:: -7'1;1664.1.62s' ... Jose S. Dizon, P.E., General Manager, Paniolo Power Company LLC I Parker Ranch, Inc. Committee on Agriculture, Water and Energy Sustainability - March 21, 2017 Parke Randi est 1847 • ' ,, Parker Ranch Overview .. °? - • Founded in 1847 byJohn Palmer Parker, who married ".', Chiefess Kipikane, the granddaughter of King Kamehameha t • 5th largest ranch in the U.S., operating as a cattle ranch -� for 170 years fiat ' .. .....v._ ,.........: , ...,- , ,,, .."'" _ - - • The ranch covers 130,000 acres surrounding the town of 0.'` - Waimea in North Hawaii on the Big Island _ A4'A y b f • 6th generation descendant Richard Smart left the ranch It': ,-,-- to a beneficial trust in 1992 with the mission to maintain and improve the lifestyle and quality of life of Waimea and its residents • Parker Ranch's beneficiaries include the North Hawaii Community Hospital, the Parker School, Hawaii Preparatory Academy, and the Hawaii Community Foundation Parker Ranch Foundation Trust Mission Statement and Beneficiaries ParkeTi-1-#Randi8: I:OUNDAI ION TRUST "To maintain and improve a unique quality of life in the Waimea area by providing perpetual support for designated beneficiaries engaged in healthcare, education and charitable support, through the. sound management and prudent investment of Trust assets:' _. . - - = - -- - - - - -- =t � NORTH HAWAII COMMUNITY HOSPITAL AN AFFILIATE OF THE QUEEN S HEALTH SYSTEMS A P11[tL11�R r.t"_4 `N •'Y HAWAII COMMUNITY �' ‘ � SCHOOL ;� FOUNDATION `- . A 1yr Hawaii Preparatory Academy Parker Ranc1 cst 1847 Parker Ranch Initiatives Paniolo Cattle Company • Joint venture with Ulupono Initiative • Create an at-home thriving cattle industry that is �.. energy-efficient and protects against volatility in fuel and feed costs Tani,u � A e • Create quality and consistency in beef at reasonable HAWAII RAISED prices for restaurants ad food markets Paniolo Power Company • Unlock the renewable energy potential at Parker Ranch N 4 ' • Pursue projects that benefit the community and all E fri island residents • Address the energy-water-ag nexus COMPANY - 2 f ANTOLO POWER Parker Rant h COMPANY Parker Ranch has World Class Wind Resources est.1347 !Pett': 46:::+: PCJ3D Po9-_',e• s. rt . )' -' - PONT Density at Sc T wI Ana CUSS .Nen: --- ene.. i Y SOC .. I .'``.y 1+ 100-20C wee \--.4 ...". 12 200-30C 4 40D-50C . ^M . ' - - 5 50C- 1C Hawaii -! � 1 + + ® 5 60C 7- a } SOC . 4, , . , . ,zik.„ , t ... t , , ea .:...tea cn....- y—, _ _ __. • c...ty _ . ._- _. __ -ti� ._— - - m 3 I '— / fly- COungearuan C aeu d ` -- Rae r- Meseta?? Ijot < ..S303 - A . ) PI tralis Annual average wind �- � an Pa(aaM.!Pit speeds on Parker Ranch ~a: aNen . MI Elyenen , ;5[iaKat:. � EttenRex + =alga r =+ lands are in the range of + , Atney ;�Fame ,Hmararf,acaacec 1 13.2 m/s to 9.5 m/s F (29.52 mph to 21.6 mph) placing them Perna 1 among the highest �f av- H H ( 4 1— 1 density and quality wind .��t�. in corridors anywhere in 'Yr./yes-el scrco une z t sa - 3paW Resestecr se b flyW l-at 'ie'. C4aO sten-an_ _ 4 ! --'� newt*rsmr nevi Nthate":n:s xtn'ax n we:ent r scars* r-a theworld -_ — — ams iMile Atte iao mewedOl ark OMIT s :.. e. AMY 1 --- x60000 e000Dt 860000 Source: National Renewable Energy Laboratory(NREL)AWS Truewind Wind Maps ParkerVRanch Parker Ranch has tremendous est 1847 solar resources as well \ ,.." a dliaNkii„ -- -- imp fr. --,..,..,... \ ..... 0,. , _ _ _ „ 4oppeOMPIOPPIIII?" , ‘ * .0" 0 thYr . ",..._ ,. s...z v..'.-. awaihae Wal I. mAllokler".". , ;401c3/ /7 a et , al tilr"\ e 'a t r . ,. 1 -- - 4) V‘taikaloa Village AL\ I" , •',',-, a ..- IqUilla -1) 7-'-----------"•,--- illi . • -:-.7, Hawaii ,. .. . 4, 4 - „ :#, Allift .., Goo(slc rth 0 - 4 It \ RI r Tr f I' .i AMOLO EnergyStora e Parker�R anch _0k.,--. is a transformational resource _,... Upper . Low Deman Reservoir J _ i \16„,.,,, Tunnels .. . 'r f, , (07 A igh Denlan Turbines for pumping and _ ter' Lower Reservoir electricity generation = - .fir ..- y ly ,t . Acts as a load by pumping water uphill hs �` . t Acts as a generator by letting water flow downhill "Closed system" no streams or ocean use ANIO O El Hierro Wind + PSH '' ''�p POWER ParkerRanch COMPANY est.1347 (44*-LIO ,• ' •'`..a..,Ivi• - ,'''' -'111‘, po 1 Ut tJrgrvM ENERGW Y TURa.SMO ' r-' DSP i • UPERIOR : -.. •VALVERDE a,• •• . -;. �` ■ CASETA DE VALVULAS , ' A` x - ‘: ' ■ PARQUE EOLICO ., ! a: _. . R 1 " _,• . .....,4 1 �/ 11,,,,ilii. TUBERIAS RZADAS ■ I 1� k .-Nik1111J 11 Ai '" + . • i lc vit. , illill,k Nt *41 .01 __ 1 os lo DEPOSITO INFERIOR ■ IN \ • 4 CENTRAL DE BOMBED • ■ s Y SUBESTACION HIDROEOLICA • • U. r, ' ■ CENTRAL HIDROELECTRICA . N �.4.:i =I ■ II CENTRAL DIESEL • PUERTO DE LA ESTACA •■ L ELANDS BLANCOS ■ �:` f ro K e Components oof f o u r S t rat,.egy: Park er� R an ch COMPIAT est.1847 Optimize Best Resources to Lower Costs _ , . . . „nit: ji , _ , , ., .. , ...44400-1- ! .- .,,,,,, . ..,,,. - `r 4 �ir,, �- Wind Solar PV Pumped Storage Hydro Waimea and N. Kohala wind corridors A proven resource whose installation 7,000 feet of elevation change on the are among the best in the State, cost continues to decline. There is Ranch; 48 potential reservoir location considered "world-class" due to high over 200MW solar PV potential on sites with 49 different project average wind speeds and capacity Parker Ranch. Solar PV provides configurations were modeled to factors. 300MW to 500MW potential power during the mid-day when wind provide load-shifting capability. Long- with capacity factors in excess of speeds typically drop. lived assets (100 years+) provide i 61%. potential lowest cost storage. Water use also supports agriculture. Lowest Cost Renewable Proven technology that Firm Generation and Flexible ?F Energy Utilizing Best Wind compliments wind and Dispatch/Storage for Corridors storage technologies Intermittent Sources , x Source: Paniolo Power-Siemens IRP and Microgrid Study, AWS TruePower report on North Kohala wind data 9 The Big Island Electric Grid f ANIOGO POWER Parker Ranch COMPANY HELLO Electric Grid . .,„. Firm Capacity (HELCO + PGV + HEP): 276MW System Peak (2015): 191.5MW Wind (11MW) Reserve Margin : 43% r' -- Fossil (60MW) Wind + Hydro: 48MW Fossil *4 RPS: 48.7% 9 1 I / ._,.. A'� ~ ` j"y✓^- 33 cents/kWh (approx.) wM• :: ZoR Hydro (17MW) f \` , �� D, Fossil (55MW) Fossil ( :BMW) -° -,. . ,✓ .. Geothermal (38MW) G, t S / F0SsiI (37MW) J, , 7 , i Sources: / HECO 2015 Corporate Sustainability Report � Power Supply I Improvement Plan, 8/26/2014 p Adequacy of Supply Report, 1/29/2016 • Wind (21 M W) Effective rate summary, 12/28/2016 f A � Parked. Ranch C6MIP�.,„ POWERHELCO Electric Grid ,St.IJ; • Roughly 70% of the firm generation is in the east Wind (11MW) • Net power flow from Hilo to Kona over 4 long transmission lines -> \ S\ _� _;� Fossil (60MW) transmission line losses Fossil (gMW)of For example, generate 110MW in the ' �:a_,_ east to provide 100MW to the west I '\ l' (/).__.* l" Rn.r ��. _ Hydro (17MW) \ _, �� - „.� ; ... Fossil (55MW) Fossil . MVV) `` - i:".., �te` Geothermal (38MW) w. 4 ,.- 6 _Y ,-.- - ( Fossil (37MW) 6 j / -;i • Wind (21MW) Integrated Resource Planning ( IRP), Power Supply Improvement Plans ( PSIP) HELCO Integrated Resource Plan (2013) R (K . I' • ..., c. 411114, , .„v, 24 mw4:, X- . imid Hu Honua 5MW r Biomass Solar PV 10MW 10MW Wind Wind 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 25MW 10MW 5MW Geothermal Wind Solar PV HELCO East Hawaii IRP • , ,,, ,-11 4 Oil-Fired t it.k11,10 , k Retirements (MW) *.,, liP Renewables Added (MW) A World Class Energy Team Selected to parke��Ra°Sh Study Parker Ranch Resources and Systems r � �.i Booz I Allen I Hamilton APACE GLOBAL® f ANII0L0 POWER Parker Ranch COMPANY Q 2014 CASE STUDY est..1S4 MODERNIZING THE GRID MICROGRID ON THE Phase 1 developed BIG ISI_AND scenarios using Parker Ranch resources. Cost How a Hawaiian cattle ranch is taking projections were its energy future into its own hands compared to the 2013 HELCO IRP [The HELCO IRP was rejected by the PUC] WA I M E In cooperation with SIEMENS (j )Uti1ity DIVE 0 0 (11.0 0 www.UtllityDive.com 16 P°w�� Not a Zero-Sum Game Par�r��n Capital Economic Lower Rates + Investment Multiplier Effect $800M to $1.2B $600M to $800M of of 1.5x to 1.7x ratepayer benefit equivalent to (value of avoided purchases $900M to $1.4B of fossil fuels) with $2OOM of potentially stranded assets Exporting less capital for energy Wealth effect contributing to GDP growth f PA OWER Parker. Ranch COMPANY est.1347 Grid Connected, Sustainable Mixed Generation Portfolio — Defines the Alternative Strategy ( Break-Away) i• Original strategy: Significant savings to Wind Waimea and North Kohala residents, while remaining island residents remain unharmed ("win-win") Utility Co-op and other Puukapu Sub business models were '�1►r considered. Legend PR Control Center • 69/12.5 KV Substation '-Pumped Storage Hydroelectric (PSH) PR Renewable Generation • PR Conventional generation 69 KV Transmission Line 35 KV upgraded to 69 KV- HELCO Keamuku Sub 12.5 KV Distribution Network Waikii Sub PR 12.5 KV Distribution Network Point of Interconnection to HELCO ParkerVRanch Bill Benefit — IRP vs PSIP est.1347 (apples/oranges) Average Monthly Bill for Average Full Service Residential Customer (real 2014 $) - DG 2.0 $230 - - IRP $ -$210e://07/... //////////////////// 2=>, $200 220 $190 111111 $180 .Z' $120 $160 $150 PSIP \t' \� , o ti� ti� 0 t , O ti0 Lp ti0 ti0 ,LO ,LO ,y0 ,ti0 ti4 ,ti0 ,LO ,LO LO LO -•••--Average full service customer after DG 2.0 is enacted -"'""• •Average full service customer before DG 2.0 is enacted Figure ES-6. Average Full Service Residential Customer Bill Impact Source: HELCO PSIP, p. ES-7, HECO IRP, p. 19-61, p. P-29 Paniolo PIahlE41ItRSrive 3 4',. f ' ,, LNG LNG 6� 4` w Decommission Decommission - , i P , 24MW Hill 5 Hill 5 Hu HonuaDecommiseli• mission 4, (ed Biomass Puna Puna GeotAydiFBal West@i i I 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Decommission 25MW Hill Decommission Battery 20MW Hill 6 75MW HELCO HELCO Paniolo ,,,� 9 rd Wind Wind IRP PSIP Power T Plan .>sa 4 �. u, Oil-Fired Retirements 0 49 49.2 b• � l.4,4t , , •l lk (MW) Renewables Added (MW) An ANTOLO Accelerating the Customer Benefit Parker POWERRanch COMPANY est.1847 Concept Average Monthly Bill for Average Full Service Residential Customer (real 2014 $) - DG 2.0 $230 -r- $$$ r $220$200 -' �• � /77://///////,(7///////////// IRP_ //// . ��////rte• $190 $180 - 17/(y, tic �� $170 Accelerate LNG + Retirements � � $160 $150 Au.eterate Renewable-Energy- PSI b tih b ti^ tieb 1a .1? `L~ 1, 10,L`', tib` 1, to `L1 `L`b tia �O ,ti0 �O ,LO 1, 1/ ,y0 1# ,/0 10 „O AP ,y ti0 ,L I. Average lull service customer a to DG 2.0 is ena �•imbAverage F Accelerating the transition to lower cost renewables brings savings to the customer Figure ES-6. Average Full Service Resident sooner, as soon as 2018 from 2022 Source: HELCO PSIP, p. ES-7, HECO IRP, p. 19-61, p. P-29 f PA R OWECan Parker Ranch's resources Parker �� ,� Ranch est.134i COMPANY provide benefit to all island residents? SIEMENS H . '` ,. �,y �.. Phase 2 explored Parker Rancha whether all island HEADQUARTERS residents can benefit from Parker Ranch's t renewable energy resources. I 11:114rit ';: : The answer is YES. I * - _..spvt _....10.21.21,401.1,51.qm 1 ' . ' aill . I. P0 r- : Si 1 Cost projections were a I 1 i II I compared to the 2014 PSIP. Parker Ranch,Inc.and Paniolo Power Company, LLC Study of Electric Supply Options for the Island of Hawai'i ® ` [The PUC had concerns - with the 2014 PSIP July 2015 ordered HELCO ---. to re-do it] A*mite paper issued by.Siemens q.',Z0;5 Siemens Industry.Inc..All nqt reserved f A A1tOE.0 POWER Parker Ranch COMPANY tS[ t N- HELCO IRP HELCO PSIP Paniolo Power Plan Volatility/Uncertainty High . Medium Hig Mr Low in Time Until Realized Savin s to Rate a er N -rime' ~ Over 15 Years Less than 10 Year g p Y PA NTOL 0 POWER Parker Ranch COMPANY Plan summary ea 1847 HELCO PSIP Paniolo Power Plan Renewable Energy % 92% 106% Customer Benefit 27% reduction in cost > 27% reduction Customer value - Greater customer value • The Paniolo Power Plan developed by Siemens accelerated retirements of HELCO's oil-fired steam units and accelerated the installation of renewable energy resulting in achieving 100% RPS and greater economic benefit to island residents sooner than the 2014 HELCO plan. 24 HELCO Resource Plan Costs vs. Parker Ranch 51U in 5491 c 490 0 470 c a� eSO $442 a, °C 430 -- a z c 410 $405 $400 -13 a) • 390 a) J 370 —._. 350 _ HELCO IRP Parker Phase 1 HELCO PSIP Parker Phase 2 Figure 2: Levelized Annual Revenue Requirement Comparison 25 Post-April ( December) PSIP Year Hawaii Island Resource Plan 2017 15.0 MW DG-PV 2018 3.6 MW DG-PV 2 MW Grid-Scale Wind (CBRE) I MW Grid-Scale PV (CBRE) 2019 4. 1 MW DG-PV 2020 3.9 MW DG-PV 20 MW Grid-Scale Onshore Wind 12 MW Load Shifting Energy Storage 9 MW FFR I 25 MVA Synchronous Condenser 2021 3.8 MW DG-PV Parker�Ranch e What 's n ■ H ELCO will issue an RFP for the next . . resource7 , ,/ , . , , i . g7 , _ , F , , ' ' i ' � ��; kir .„.Ai i , . • �^ A b 1 I — I T= - IOC -- , ' . I * 1 It 1 Tr v.. . , , „ , , „ , , r • Ilk , ?7 I r t ! ,s n • r 4' :yam .rf \ 1P?- at r .s,r ��. , �� f j��wj=`k”IN 44 G►a �4 FJ'ti• o V r '� rte:,/i� " ;4 .,,, y i. ss tri : :- r 4„,`�� sxsrlf rf°' t!: i r. . B =.,` rx 1 i 'r 11 ti. '‘'.7.4°'` . .1.4'41' .ar -a" ti, ' P 4 n i� � + `.�'i1r,+L .3 '`� i� r r yy . ,!. {1• e 41 k 1-s ,1 r L, � .3 :rip !l 77� , J rrs 4 -` I., .1," "1 :it', r, 'y![}i�i. . ,,,, '.' :({b ,"yi .1 �M.1 ' ,,/ •.is . ri l?r.+J •rk..i �'r`..,,. ✓:r..-:'f1'.� R.i f' 4i1J'�4'r '4i;:.f"f.�i�i t"� .rra �< ,� What 's Possible f �'yI ER Parke VRanch !COMPANY OWHELCO Electric Grid est 1847 • Roughly 70% of the firm generation is in the east Wind (11MW) • Net power flow from Hilo to Kona a over 4 long transmission lines -> \\ \ ,.__,,,„, Fossil (60MW) transmission line losses Fossil (8M4\Nt --_:;,,`k For example, generate 110MW in the east to provide 100MW to the west Hydro (17MW) r 8 - , ___-__ _____\...,---..- Fossil (55MW) Fossil MW) ----.9 . t --- <> -. Geothermal (38MW) a..ru ,'+\,l , l • : �:. .; Fossil (37MW) J1,/ 8 • Wind (21MW) , Ahno,.. ParadigmShift ParkerVRanch C ON PINY c5[.1S4- Using the Resources in Waimea/N . Kohala • Waimea is in the electrical "center" of Wind (11MW) the Big Island \ \ i • Transmission losses would be reduced , d Wi +PV+PSH • Maximizes utilization of our island's • __ natural resources A;2 , • As an island-wide solution, everyone ; ,r, ..,"..---: �_ - benefits ."- • lo Hydro (17MW) ' 4' m„..„, ,...v.w> • ter,,•. + *" j .. Geothermal (38MW) \. i' --a., �� ..._ mQb . ,• _ ., 1 ---,. \ i:v_/) /z 8 • In a competitive market environment, Parker Ranch could provide balancing i and regulation services to the grid • Wind (21MW) Note: "fossil labels" removed to aid in clarity f `"`°`° POWER Or, a series of ParkeVRancF COMPANY est IS- Integrated Energy Districts ■ Further diversifying for portfolio and risk management \ t ,„, • Increasing grid � ,__� resiliency in the event ' `�,� of storms or other i , ,- emergencies �s�� ' _ a z � - _ • Some districts could (,\ �__ Vii, be net power — _ ,c_ / .�Me.— ' ),��° providers to other 3 + .. /� districts during non- ‘• ..7 emergencies `,a �� Utility-owned or 1 • v utility could be a B wires company. i .. / Paniolo Power Plan ( P3) Strategies ParkerVxan�r -± A Nir 4 ILO pc/WEB_ COMPANY- -- p3 i Demonstrate Value of Alternative Microgrid ii ) 1 and Island Wide Solutions 1 1 _ _. . _. _ _ . _ _ ____________ ,___.,, _....„ . ....,.:_._ ,. .. ", .. Develop Most Realistic and Compelling1 P3 ( 2 ) Alternative Portfolio to Replace Oil-Fired —I Generation on the Island within 10 years ,_ ;( Advocate for Policy & Regulatory Frameworks P3 ( 3 '" , with the PUC to enable Regional & Island- Wide Solutions in 5-10 years._ . . . . , _ . , 32 Counterintuitive insights Dramatic increase in capital spending produces lower electricity rates (adding to rate base cuts rates) 11 2 Holistic systemwide alternative plans generate massive value for both utility and ratepayer (classic case of the failure of incremental thinking) 3 Government's role is value-adding (powerful combination of political pressure and enlightened regulatory policies/frameworks) 4 I Innovation triggering shift of risks from ratepayer to shareholder Diaspora of change agents include large landowners who are directly affected by impact of affordability on land values and also control significant energy potential 6 Plans transforming energy landscape are more important than 1 ownership/control in the long run Islands are the center of the universe because of our values and attitudes about community and resource flows rr WER Parke Ranch s co.„., est.1847 Itk gThoughtsPartin 4r The electric utilities are focused on energy costs ,,a _ \' v _ because of their regulatory compact: i I.- • . r ; / Synergies relating to waste management and energy are not in their purview even though there may be a greater benefit to the island residents (ratepayer vs. taxpayer subsidy). The utilities prefer battery systems over pumped storage hydro. The latter is a better fit for our agricultural industry (addresses the ag-energy nexus). The utilities are arguably trying hard to meet regulatory, legislative and customer expectations while keeping within their vertically-integrated business model; conversely, the existing utility business model could be limiting our renewable energy and economic potential. Other business models should be explored. With the PSIP and HEP regulatory dockets coming to a close, Paniolo Power will now vigorously pursue RE development opportunities to benefit all island residents. �° -`1"Lowitip,- ... . .mss .4". -� ,yid �. ".. �, �' t' 411A :,� ` V +� — - ' /i-.' #1. ^' ipo.a. irp,"..0. ,.). , 1 , ik " r;,;!.#, ik, $ ,..,.,;• -114% i , i! : ,, I 4 I 1 i ' 1 ::., r , • .N? If ' , 4 , r , OIL , 1 . ,s_/ , : *v. . , , ,.4 4 . i i ...., a _. , t 1k ,o r " i _ . .. , . „ ,.. _',.^;fir,.•. ,:•tea �,,'.. ,, _ i _. f POWER ParkeVRandi COMPANY est.184; 44 t- ;, t • F , , 410,011k . 4 1, lir -0*;XI os., . •• =P ir r OW i y ' ee 1111111111111111111A . . 4 y . Pliz4 —AL. . ft '''' ''''''''41' * 11 * .,,_ . ' k - A . e, . i. . ... . .. , *465.1...,.-- „..-_ --- ,- - - - . - ._ - ,, .. gt, .060- - .0 F .r /' __ .. �. a _ .14 A P 4) .., . . . .. .- 4M}Y� t1 5.r�k PSP t 4 , P 1 - 1 _ �,F .z_ t —{''+. .` / a .. g"I' r: a.. -10 I • le f• _ hts r ., ,.