Vectren 2013 Annual Report Download - page 19

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17
working capital adjustments. Gas sold by Vectren Source approximated 25.3 MMDth in 2011. Average customers served by
Vectren Source were 254,000 in 2011. Vectren Source generated approximately $150 million in revenues for 2011.
Other Businesses
The Other Businesses group includes a variety of legacy, wholly owned operations and investments that have invested in
energy-related opportunities and services, real estate, and a leveraged lease, among other investments. Details of these
investments is included in Note 8 in the Company's Consolidated Financial Statements included in Item 8.
Personnel
As of December 31, 2013, the Company and its consolidated subsidiaries had approximately 5,500 employees. Of those
employees, 700 are subject to collective bargaining arrangements negotiated by Utility Holdings and 3,200 are subject to
collective bargaining arrangements negotiated by Infrastructure Services.
Utility Holdings
In June 2013, the Company reached a three year labor agreement with Local 702 of the International Brotherhood of Electrical
Workers, ending June 30, 2016. This labor agreement relates to employees of SIGECO.
In December 2012, the Company reached a three year agreement with Local 175 of the Utility Workers Union of America. The
labor agreement was retroactively effective to November 1, 2012 and ends October 31, 2015. This labor agreement relates to
employees of VEDO.
In September 2012, the Company reached a three year agreement with Local 135 of the Teamsters, Chauffeurs,
Warehousemen, and Helpers Union, ending September 23, 2015. This labor agreement relates to employees of SIGECO.
In December 2011, the Company reached a three year labor agreement, ending December 1, 2014, with Local 1393 of the
International Brotherhood of Electrical Workers and United Steelworkers of America Locals 12213 and 7441. This labor
agreement relates to employees of Indiana Gas.
Infrastructure Services
The Company, through its Infrastructure Services subsidiaries, negotiates various trade agreements through contractor
associations. The two primary associations are the Distribution Contractors Association (DCA) and the Pipeline Contractors
Association (PLCA). These trade agreements are with a variety of construction unions including Laborer’s International Union of
North America, International Union of Operating Engineers, United Association of Journeymen and Apprentices of the Plumbing
and Pipe Fitting Industry, and Teamsters. The trade agreements through the DCA have varying expiration dates in 2015 and
2016. The trade agreements through the PLCA expire at various times in 2014. In addition, these subsidiaries have various
project agreements and small local agreements. These agreements expire upon completion of a specific project or on various
dates throughout the year.
ITEM 1A. RISK FACTORS
Investors should consider carefully the following factors that could cause the Company’s operating results and financial
condition to be materially adversely affected. New risks may emerge at any time, and the Company cannot predict those risks
or estimate the extent to which they may affect the Company’s businesses or financial performance.