Project Statement of Work
Its capital and surplus decreased from $12,378,416 as of December 31, 2006, to $6,533,494 as of December 31, 2011. I&E Ex. 2-SSR, Sch. 1, Att. 1 at 4, p. 4; PPL Electric MB at 57. The Company claims: The losses incurred in 2011 reduced PPL Insurance's statutory capital and surplus to a level that is less than $3 million above the required minimum. ................
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