Vectren 2014 Annual Report Download - page 40
Download and view the complete annual report
Please find page 40 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.![](/annual_reports_html/Vectren-2014-Annual-Report-bf399bd/bg_40.png)
0UIFS*ODPNF/FU
0UIFSJODPNFOFUSFGMFDUTJODPNFPGNJMMJPOJODPNQBSFEUPNJMMJPOJOBOENJMMJPOJO3FTVMUT
JODMVEFJODSFBTFEBMMPXBODFGPSGVOETVTFEEVSJOHDPOTUSVDUJPO"'6%$PGBQQSPYJNBUFMZNJMMJPOJODPNQBSFEUP
BOENJMMJPOJODPNQBSFEUP5IFIJHIFS"'6%$SFGMFDUTBOJODSFBTFE"'6%$SBUFBTXFMMBTJODSFBTFE
DBQJUBMFYQFOEJUVSFTSFMBUFEUPJOGSBTUSVDUVSFSFQMBDFNFOUJOWFTUNFOUT
*OUFSFTU&YQFOTF
'PSUIFZFBSFOEFE%FDFNCFS*OUFSFTUFYQFOTFXBTNJMMJPODPNQBSFEUPNJMMJPOJOBOE
NJMMJPOJO5IFEFDSFBTFJOJOUFSFTUFYQFOTFTJODFJTEVFUPSFGJOBODJOHBDUJWJUZZJFMEJOHGBWPSBCMFJOUFSFTU
SBUFT%VSJOHUIF6UJMJUZ(SPVQJTTVFENJMMJPOJOVUJMJUZSFMBUFEMPOHUFSNEFCUXJUIBXFJHIUFEBWFSBHFJOUFSFTUSBUF
PGQFSDFOUBOESFUJSFENJMMJPOPGMPOHUFSNEFCUUIBUNBUVSFEPSXBTDBMMFEGPSFBSMZSFEFNQUJPOXJUIBXFJHIUFE
BWFSBHFJOUFSFTUSBUFPGQFSDFOU
*ODPNF5BYFT
'PSUIFZFBSFOEFE%FDFNCFS6UJMJUZ(SPVQGFEFSBMBOETUBUFJODPNFUBYFTXFSFNJMMJPODPNQBSFEUP
NJMMJPOJOCPUIBOE5IFMPXFSJODPNFUBYSBUFJOXBTQSJNBSJMZESJWFOCZUIFSFWBMVBUJPOPG6UJMJUZ(SPVQ
EFGFSSFEJODPNFUBYFTSFMBUFEUPUIFTBMFPG7FDUSFO'VFMT*ODBTXFMMBTBUBYEFEVDUJPOGPSEPNFTUJDQSPEVDUJPOBDUJWJUZJO
3FHVMBUPSZ5SFBUNFOUPG*OWFTUNFOUTJO/BUVSBM(BT*OGSBTUSVDUVSF3FQMBDFNFOU
5IF$PNQBOZNPOJUPSTBOENBJOUBJOTJUTOBUVSBMHBTEJTUSJCVUJPOTZTUFNUPFOTVSFUIBUOBUVSBMHBTJTEFMJWFSFEJOBTBGFBOE
FGGJDJFOUNBOOFS5IF$PNQBOZTOBUVSBMHBTVUJMJUJFTBSFDVSSFOUMZFOHBHFEJOQSPHSBNTUPSFQMBDFCBSFTUFFMBOEDBTUJSPO
JOGSBTUSVDUVSFBOEPUIFSBDUJWJUJFTJOCPUI*OEJBOBBOE0IJPUPNJUJHBUFSJTLJNQSPWFUIFTZTUFNBOEDPNQMZXJUIBQQMJDBCMF
SFHVMBUJPOTNBOZPGXIJDIBSFBSFTVMUPGGFEFSBMQJQFMJOFTBGFUZSFRVJSFNFOUT-BXTJOCPUI*OEJBOBBOE0IJPXFSFQBTTFEUIBU
QSPWJEFVUJMJUJFTUIFPQQPSUVOJUZUPUJNFMZSFDPWFSDPTUTPGGFEFSBMMZNBOEBUFEQSPKFDUTBOEPUIFSJOGSBTUSVDUVSFJNQSPWFNFOU
QSPKFDUTPVUTJEFPGBCBTFSBUFQSPDFFEJOH
*O"QSJM*OEJBOB4FOBUF#JMM4FOBUF#JMMXBTTJHOFEJOUP*OEJBOBMBX5IFMBXQSPWJEFTBGSBNFXPSLUPSFDPWFS
QFSDFOUPGGFEFSBMMZNBOEBUFEDPTUTUISPVHIBQFSJPEJDSBUFBEKVTUNFOUNFDIBOJTNPVUTJEFPGBHFOFSBMSBUFDBTF4VDIDPTUT
JODMVEFBSFUVSOPOUIFGFEFSBMMZNBOEBUFEDBQJUBMJOWFTUNFOUBMPOHXJUISFDPWFSZPGEFQSFDJBUJPOBOEPUIFSPQFSBUJOHDPTUT
BTTPDJBUFEXJUIUIFTFNBOEBUFT5IFSFNBJOJOHQFSDFOUPGUIPTFDPTUTJTEFGFSSFEGPSGVUVSFSFDPWFSZJOUIFVUJMJUZTOFYU
HFOFSBMSBUFDBTF
*O"QSJM*OEJBOB4FOBUF#JMM4FOBUF#JMMXBTTJHOFEJOUP*OEJBOBMBX5IJTMFHJTMBUJPOTVQQMFNFOUT4FOBUF#JMM
EFTDSJCFEBCPWFBOEQSPWJEFTGPSDPTUSFDPWFSZPVUTJEFPGBCBTFSBUFQSPDFFEJOHGPSQSPKFDUTUIBUFJUIFSJNQSPWFFMFDUSJD
BOEHBTTZTUFNSFMJBCJMJUZBOETBGFUZPSBSFFDPOPNJDEFWFMPQNFOUQSPKFDUTUIBUQSPWJEFSVSBMBSFBTXJUIBDDFTTUPHBTTFSWJDF
1SPWJTJPOTPGUIFMFHJTMBUJPOSFRVJSFUIBUBNPOHPUIFSUIJOHTSFRVFTUTGPSSFDPWFSZJODMVEFBTFWFOZFBSQSPKFDUQMBO0ODFUIF
QMBOJTBQQSPWFECZUIF*63$QFSDFOUPGTVDIDPTUTBSFFMJHJCMFGPSDVSSFOUSFDPWFSZVTJOHBQFSJPEJDSBUFBEKVTUNFOU
NFDIBOJTN3FDPWFSBCMFDPTUTJODMVEFBSFUVSOPOBOEPGUIFJOWFTUNFOUBTXFMMBTQSPQFSUZUBYFTBOEPQFSBUJOHFYQFOTFT
5IFSFNBJOJOHQFSDFOUPGQSPKFDUDPTUTJTEFGFSSFEBOESFDPWFSFEJOUIFVUJMJUZbTOFYUHFOFSBMSBUFDBTFXIJDINVTUCFGJMFE
CFGPSFUIFFYQJSBUJPOPGUIFTFWFOZFBSQMBO5IFBEKVTUNFOUNFDIBOJTNJTDBQQFEBUBOBOOVBMJODSFBTFJOSFUBJMSFWFOVFTPG
OPNPSFUIBOUXPQFSDFOU
*O+VOF0IJP)PVTF#JMM)PVTF#JMMXBTTJHOFEJOUPMBX0VUTJEFPGBCBTFSBUFQSPDFFEJOHUIJTMFHJTMBUJPOQFSNJUT
BOBUVSBMHBTVUJMJUZUPBQQMZGPSSFDPWFSZPGNVDIPGJUTDBQJUBMFYQFOEJUVSFQSPHSBN#ZBMMPXJOHGPSUIFEFGFSSBMPGDPTUTTVDIBT
EFQSFDJBUJPOQSPQFSUZUBYFTBOEEFCUSFMBUFEQPTUJOTFSWJDFDBSSZJOHDPTUTVOUJMSFDPWFSZJTBQQSPWFECZUIF0IJP$PNNJTTJPO
*OEJBOB3FDPWFSZBOE%FGFSSBM.FDIBOJTNT
5IF$PNQBOZT*OEJBOBOBUVSBMHBTVUJMJUJFTSFDFJWFE0SEFSTJOBOEBTTPDJBUFEXJUIUIFNPTUSFDFOUCBTFSBUFDBTFT
5IFTF0SEFSTBVUIPSJ[FEUIFEFGFSSBMPGGJOBODJBMJNQBDUTBTTPDJBUFEXJUICBSFTUFFMBOEDBTUJSPOSFQMBDFNFOUBDUJWJUJFT5IF