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Re: JosephS post# 634115

Friday, 09/25/2020 9:10:12 AM

Friday, September 25, 2020 9:10:12 AM

Post# of 796370
If SPS gets converted to commons (won't happen), Common Equity would be:

$192 billion SPS
$ 28 billion current equity
$ 84 billion G Fee not on balance sheets
$124 billion overpayment

$428 billion total.

Where is the need for capital raise? Where is the need for jps conversion?