Vectren 2014 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2014 Vectren annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132



$PNNJUNFOUT
'VUVSFNJOJNVNMFBTFQBZNFOUTSFRVJSFEVOEFSPQFSBUJOHMFBTFTUIBUIBWFJOJUJBMPSSFNBJOJOHOPODBODFMBCMFMFBTFUFSNTJO
FYDFTTPGPOFZFBSEVSJOHUIFGJWFZFBSTGPMMPXJOHBOEUIFSFBGUFSJONJMMJPOTBSFJOJOJO
JOJOBOEUIFSFBGUFS5PUBMMFBTFFYQFOTFJONJMMJPOTXBTJOJOBOEJO

5IF$PNQBOZbTSFHVMBUFEVUJMJUJFTIBWFCPUIGJSNBOEOPOGJSNDPNNJUNFOUTUPQVSDIBTFOBUVSBMHBTFMFDUSJDJUZBOEDPBMBTXFMM
BTDFSUBJOUSBOTQPSUBUJPOBOETUPSBHFSJHIUTBOEDFSUBJODPOUSBDUTBSFGJSNDPNNJUNFOUTVOEFSGJWFBOEUFOZFBSBSSBOHFNFOUT
$PTUTBSJTJOHGSPNUIFTFDPNNJUNFOUTXIJMFTJHOJGJDBOUBSFQBTTUISPVHIDPTUTHFOFSBMMZDPMMFDUFEEPMMBSGPSEPMMBSGSPNSFUBJM
DVTUPNFSTUISPVHISFHVMBUPSBQQSPWFEDPTUSFDPWFSZNFDIBOJTNT
$PSQPSBUF(VBSBOUFFT
5IF$PNQBOZJTTVFTQBSFOUMFWFMHVBSBOUFFTUPDFSUBJOWFOEPSTBOEDVTUPNFSTPGJUTXIPMMZPXOFETVCTJEJBSJFTBOE
VODPOTPMJEBUFEBGGJMJBUFT5IFTFHVBSBOUFFTEPOPUSFQSFTFOUJODSFNFOUBMDPOTPMJEBUFEPCMJHBUJPOTSBUIFSUIFZSFQSFTFOU
QBSFOUBMHVBSBOUFFTPGTVCTJEJBSZBOEVODPOTPMJEBUFEBGGJMJBUFPCMJHBUJPOTJOPSEFSUPBMMPXUIPTFTVCTJEJBSJFTBOEBGGJMJBUFTUIF
GMFYJCJMJUZUPDPOEVDUCVTJOFTTXJUIPVUQPTUJOHPUIFSGPSNTPGDPMMBUFSBM"U%FDFNCFSQBSFOUMFWFMHVBSBOUFFT
FYDMVEJOHHVBSBOUFFTPGPCMJHBUJPOTPGUIFGFEFSBMCVTJOFTTVOJUBDRVJSFEGSPN$IFWSPO64"PO"QSJMBTGVSUIFS
EFTDSJCFECFMPXTVQQPSUBNBYJNVNPGNJMMJPOPG&OFSHZ4ZTUFN(SPVQT&4(QFSGPSNBODFDPOUSBDUJOHDPNNJUNFOUT
BOEXBSSBOUZPCMJHBUJPOTBOENJMMJPOPGPUIFSQSPKFDUHVBSBOUFFT
0O"QSJM&4(BDRVJSFEUIFGFEFSBMTFDUPSFOFSHZTFSWJDFTVOJUPG$&4GSPN$IFWSPO64"1VSTVBOUUPUIFBHSFFNFOU
UIFBDRVJTJUJPOJODMVEFTBQSPWJTJPOXIFSFCZ7FDUSFO&OUFSQSJTFT*ODUIFXIPMMZPXOFEIPMEJOHDPNQBOZGPSUIF$PNQBOZT
OPOVUJMJUZJOWFTUNFOUTQSPWJEFE$&4XJUIBOJOEFNOJGJDBUJPOGPSQPUFOUJBMDMBJNTBHBJOTUUIFTFMMFSUIBUDPVMEBSJTFSFMBUFEUPUIF
QFSGPSNBODFPGXPSLVOEFSUBLFOCZ&4(
5IFBDRVJTJUJPOBMTPJODMVEFT&4(HVBSBOUFFTPGQFSGPSNBODFVOEFSDFSUBJOBTTVNFEDPOUSBDUT5IFHVBSBOUFFTJODMVEFFOFSHZ
TBWJOHTUIBUBSFVTFEUPTBUJTGZQSPKFDUGJOBODJOH5IF$PNQBOZHVBSBOUFFT&4(TQFSGPSNBODFVOEFSUIFTFFOFSHZTBWJOHT
HVBSBOUFFT5IFUPUBMNBYJNVNBNPVOUPGUIFFOFSHZTBWJOHTHVBSBOUFFTJTBQQSPYJNBUFMZNJMMJPOBOEXJMMPOMZCFDBMMFE
VQPOJOUIFFWFOUFOFSHZTBWJOHTFTUBCMJTIFEVOEFSUIFFYJTUJOHDPOUSBDUTFYFDVUFECZ$&4BSFOPUBDIJFWFE'VSUIFSBO
FOFSHZGBDJMJUZPQFSBUFECZ&4(BOENBOBHFECZ,FFOBO'U%FUSJDL&OFSHZ--$,FFOBOJTHPWFSOFECZBOPQFSBUJPOT
BHSFFNFOU"MMQBZNFOUPCMJHBUJPOTUP,FFOBOVOEFSUIJTBHSFFNFOUBSFBMTPHVBSBOUFFECZUIF$PNQBOZ5IF7FDUSFO
&OUFSQSJTFT*ODQSPWJTJPOQSPWJEJOHJOEFNOJGJDBUJPOUP$&4BOEUIF$PNQBOZHVBSBOUFFPGUIF,FFOBO'U%FUSJDL&OFSHZ
PQFSBUJPOTBHSFFNFOUXJUI,FFOBOBTEJTDVTTFEBCPWFEPOPUTUBUFBNBYJNVNHVBSBOUFF%VFUPUIFOBUVSFPGXPSL
QFSGPSNFEVOEFSUIFTFDPOUSBDUTUIF$PNQBOZDBOOPUFTUJNBUFBNBYJNVNQPUFOUJBMBNPVOUPGGVUVSFQBZNFOUT
*OBEEJUJPOUIF$PNQBOZIBTBQQSPYJNBUFMZNJMMJPOPGPUIFSHVBSBOUFFTPVUTUBOEJOHTVQQPSUJOHPUIFSDPOTPMJEBUFE
TVCTJEJBSZPQFSBUJPOTPGXIJDINJMMJPOSFQSFTFOUTMFUUFSTPGDSFEJUTVQQPSUJOHPUIFSOPOVUJMJUZPQFSBUJPOT
8IJMFUIFSFDBOCFOPBTTVSBODFUIBUOFJUIFSUIF7FDUSFO&OUFSQSJTFT*ODTJOEFNOJGJDBUJPOOPSUIF$PNQBOZHVBSBOUFF
QSPWJTJPOTXJMMCFDBMMFEVQPOUIF$PNQBOZCFMJFWFTUIBUUIFMJLFMJIPPEPGBNBUFSJBMBNPVOUCFJOHUSJHHFSFEVOEFSBOZPGUIFTF
QSPWJTJPOTJTSFNPUF
1FSGPSNBODF(VBSBOUFFT1SPEVDU8BSSBOUJFT
*OUIFOPSNBMDPVSTFPGCVTJOFTTXIPMMZPXOFETVCTJEJBSJFTJODMVEJOH&4(JTTVFQFSGPSNBODFCPOETPSPUIFSGPSNTPG
BTTVSBODFUIBUDPNNJUUIFNUPUJNFMZJOTUBMMJOGSBTUSVDUVSFPQFSBUFGBDJMJUJFTQBZWFOEPSTPSTVCDPOUSBDUPSTBOEPSTVQQPSU
XBSSBOUZPCMJHBUJPOT#BTFEPOBIJTUPSZPGNFFUJOHQFSGPSNBODFPCMJHBUJPOTBOEJOTUBMMFEQSPEVDUTPQFSBUJOHFGGFDUJWFMZOP
TJHOJGJDBOUMJBCJMJUZPSDPTUIBTCFFOSFDPHOJ[FEGPSUIFQFSJPETQSFTFOUFE
4QFDJGJDUP&4(JOJUTSPMFBTBHFOFSBMDPOUSBDUPSJOUIFQFSGPSNBODFDPOUSBDUJOHJOEVTUSZBU%FDFNCFSUIFSFBSF
PQFOTVSFUZCPOETTVQQPSUJOHGVUVSFQFSGPSNBODF5IFBWFSBHFGBDFBNPVOUPGUIFTFPCMJHBUJPOTJTNJMMJPOBOEUIFMBSHFTU