Vectren 2014 Annual Report Download - page 25

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DPNNJUUIFNUPUJNFMZJOTUBMMJOGSBTUSVDUVSFPQFSBUFGBDJMJUJFTQBZWFOEPSTPSTVCDPOUSBDUPSTBOEPSTVQQPSUXBSSBOUZ
PCMJHBUJPOT7FDUSFO$PSQPSBUJPOBTUIFQBSFOUDPNQBOZXJMMGSPNUJNFUPUJNFHVBSBOUFFJUTTVCTJEJBSJFTbDPNNJUNFOUT5IFTF
HVBSBOUFFTEPOPUSFQSFTFOUJODSFNFOUBMDPOTPMJEBUFEPCMJHBUJPOTSBUIFSUIFZSFQSFTFOUQBSFOUBMHVBSBOUFFTPGTVCTJEJBSZ
PCMJHBUJPOTJOPSEFSUPBMMPXUIPTFTVCTJEJBSJFTUIFGMFYJCJMJUZUPDPOEVDUCVTJOFTTXJUIPVUQPTUJOHPUIFSGPSNTPGDPMMBUFSBM5IF
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BEWFSTFFGGFDUPOUIFSFTVMUTPGPQFSBUJPOTBOEDBTIGMPXTPG*OGSBTUSVDUVSF4FSWJDFT
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DPNQMJBODFXJUIGFEFSBMBOETUBUFMBXTSFHVMBUJPOTPSPUIFSNBUUFST5IFSFDBOCFOPBTTVSBODFUIBUUIFPVUDPNFPGUIFTF
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PQFSBUJPOTPSGJOBODJBMDPOEJUJPO
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4FSWJDFTBSFEFQFOEFOUPOBOVNCFSPGGBDUPSTTVDIBTUIFSBUFTPGSFUVSOPOQMBOBTTFUTEJTDPVOUSBUFTUIFMFWFMPGJOUFSFTU
SBUFTVTFEUPNFBTVSFGVOEJOHMFWFMTDIBOHFTJOBDUVBSJBMBTTVNQUJPOTGVUVSFHPWFSONFOUSFHVMBUJPOTDIBOHFTJOQMBOEFTJHO
BOE$PNQBOZDPOUSJCVUJPOT*OBEEJUJPOUIF$PNQBOZDPVMECFSFRVJSFEUPQSPWJEFGPSTJHOJGJDBOUGVOEJOHPGUIFTFEFGJOFE
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QVSQPTFTBOEDPVMEOFHBUJWFMZBGGFDUSFTVMUTPGPQFSBUJPOT
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5IF$PNQBOZSFMJFTPOJOGPSNBUJPOUFDIOPMPHZOFUXPSLTBOETZTUFNTUPPQFSBUFJUTHFOFSBUJOHGBDJMJUJFTFOHBHFJOBTTFU
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4FDVSJUZCSFBDIFTPGUIJTJOGPSNBUJPOUFDIOPMPHZJOGSBTUSVDUVSFDPVMEMFBEUPTZTUFNEJTSVQUJPOTHFOFSBUJOHGBDJMJUZTIVUEPXOTPS
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