2020 Annual Meeting Transcript – Katie Woodle Thank you Joy. And thank you all for listening and thank you for the opportunity to present the financial report for 2019. This report does include the financial, the consolidated financial results of Blue Ridge Electric membership corporation and the cooperatives wholly owned subsidiaries, Blue Ridge Energy’s LLC and Ridge link LLC. The cooperatives overall vision is to make life better for the member owners. As you heard earlier, certainly strong financial results are important in achieving that vision. I'm pleased to announce once again, this year we've had strong financial results that continue throughout 2019. The cooperative's asset base is 456 million with member equity of 178 million or 39% of the total assets. Given this financial stability Blue Ridge was able to return $5.3 million of the equity back to the members this year during the capital credit retirement that just happened recently. The cooperative was also able to continue without a rate increase again in 2019, and no rate increase will be necessary this year in 2020. This is certainly welcome news, especially given the situation with COVID-19. A warmer year in 2019, resulted in lower sales of kilowatt hours and propane gallons as compared to 2018. Electric kilowatt hour sales were down by approximately 3% compared to 2018. The propane and fuel subsidiary sold 11% less gallons compared to 2018. Market conditions remain stable for both electric and the propane and fuels subsidiary. The cooperatives continued implementing initiatives to work smart, which provided for expense reductions. At Ridge Lane the for-profit dark fiber subsidiary financial growth continues as the company expands its footprint. The two subsidiaries together contributed 3.7 million in benefit to Blue Ridge Electric members in 2019. Meter growth, as I've told you in multiple years in the past has continued to be a challenge. However, through cost savings and strong subsidiary results, the overall financial results have remained strong. For 2019, the total margins were $10 million. You can find more details on the financial results for 2019 in the annual report. As joy mentioned, it's published and Carolina Country Magazine, and also available on our website. Thank you.