Vectren 2014 Annual Report Download - page 80
Download and view the complete annual report
Please find page 80 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_80.png)
.*405SBOTBDUJPOT
8JUIUIF*63$bTBQQSPWBMUIF$PNQBOZJTBNFNCFSPGUIF.*40B'&3$BQQSPWFESFHJPOBMUSBOTNJTTJPOPSHBOJ[BUJPO5IF
.*40TFSWFTUIFFMFDUSJDBMUSBOTNJTTJPOOFFETPGNVDIPGUIF.JEDPOUJOFOUSFHJPOBOENBJOUBJOTPQFSBUJPOBMDPOUSPMPWFSUIF
$PNQBOZbTFMFDUSJDUSBOTNJTTJPOGBDJMJUJFTBTXFMMBTUIBUPGPUIFSVUJMJUJFTJOUIFSFHJPO5IF$PNQBOZJTBOBDUJWFQBSUJDJQBOUJO
UIF.*40FOFSHZNBSLFUTCJEEJOHJUTPXOFEHFOFSBUJPOJOUPUIF%BZ"IFBEBOE3FBM5JNFNBSLFUTBOEQSPDVSJOHQPXFSGPSJUT
SFUBJMDVTUPNFSTBU-PDBUJPOBM.BSHJOBM1SJDJOH-.1BTEFUFSNJOFECZUIF.*40NBSLFU
.*40SFMBUFEQVSDIBTFBOETBMFUSBOTBDUJPOTBSFSFDPSEFEVTJOHTFUUMFNFOUJOGPSNBUJPOQSPWJEFECZ.*405IFTFQVSDIBTFBOE
TBMFUSBOTBDUJPOTBSFBDDPVOUFEGPSPOBOFUIPVSMZQPTJUJPO/FUQVSDIBTFTJOBTJOHMFIPVSBSFSFDPSEFEJO$PTUPGGVFMQVSDIBTFE
QPXFSBOEOFUTBMFTJOBTJOHMFIPVSBSFSFDPSEFEJO&MFDUSJDVUJMJUZSFWFOVFT0OPDDBTJPOQSJPSQFSJPEUSBOTBDUJPOTBSFSFTFUUMFE
PVUTJEFUIFSPVUJOFQSPDFTTEVFUPBDIBOHFJOUIF.*40bTUBSJGGPSBNBUFSJBMJOUFSQSFUBUJPOUIFSFPG&YQFOTFTBTTPDJBUFEXJUI
SFTFUUMFNFOUTBSFSFDPSEFEPODFUIFSFTFUUMFNFOUJTQSPCBCMFBOEUIFSFTFUUMFNFOUBNPVOUDBOCFFTUJNBUFE3FWFOVFTBTTPDJBUFE
XJUISFTFUUMFNFOUTBSFSFDPHOJ[FEXIFOUIFBNPVOUJTEFUFSNJOBCMFBOEDPMMFDUBCJMJUZJTSFBTPOBCMZBTTVSFE
5IF$PNQBOZBMTPSFDFJWFTUSBOTNJTTJPOSFWFOVFUIBUSFTVMUTGSPNPUIFSNFNCFSTbVTFPGUIF$PNQBOZbTUSBOTNJTTJPO
TZTUFN5IFTFSFWFOVFTBSFBMTPJODMVEFEJO&MFDUSJDVUJMJUZSFWFOVFT(FOFSBMMZUIFTFUSBOTNJTTJPOSFWFOVFTBMPOHXJUIDPTUT
DIBSHFECZUIF.*40BSFDPOTJEFSFEDPNQPOFOUTPGCBTFSBUFTBOEBOZWBSJBODFGSPNUIBUJODMVEFEJOCBTFSBUFTJTSFDPWFSFE
GSPNSFGVOEFEUPSFUBJMDVTUPNFSTUISPVHIUSBDLJOHNFDIBOJTNT
4IBSF#BTFE$PNQFOTBUJPO
5IF$PNQBOZHSBOUTTIBSFCBTFEBXBSETUPDFSUBJOFNQMPZFFTBOECPBSENFNCFST-JBCJMJUZDMBTTJGJFETIBSFCBTFE
DPNQFOTBUJPOBXBSETBSFSFNFBTVSFEBUUIFFOEPGFBDIQFSJPECBTFEPOUIFJSFYQFDUFETFUUMFNFOUEBUFGBJSWBMVF&RVJUZ
DMBTTJGJFETIBSFCBTFEDPNQFOTBUJPOBXBSETBSFNFBTVSFEBUUIFHSBOUEBUFCBTFEPOUIFGBJSWBMVFPGUIFBXBSE&YQFOTF
BTTPDJBUFEXJUITIBSFCBTFEBXBSETJTSFDPHOJ[FEPWFSUIFSFRVJTJUFTFSWJDFQFSJPEXIJDIHFOFSBMMZCFHJOTPOUIFEBUFUIF
BXBSEJTHSBOUFEUISPVHIUIFFBSMJFSPGUIFEBUFUIFBXBSEWFTUTPSUIFEBUFUIFFNQMPZFFCFDPNFTSFUJSFNFOUFMJHJCMF
&YDJTF6UJMJUZ3FDFJQUT5BYFT
&YDJTFUBYFTBOEBQPSUJPOPGVUJMJUZSFDFJQUTUBYFTBSFJODMVEFEJOSBUFTDIBSHFEUPDVTUPNFST"DDPSEJOHMZUIF$PNQBOZ
SFDPSETUIFTFUBYFTSFDFJWFEBTBDPNQPOFOUPGPQFSBUJOHSFWFOVFTXIJDIUPUBMFENJMMJPOJONJMMJPOJO
BOENJMMJPOJO&YQFOTFBTTPDJBUFEXJUIFYDJTFBOEVUJMJUZSFDFJQUTUBYFTBSFSFDPSEFEBTBDPNQPOFOUPG5B Y FT
PUIFSUIBOJODPNFUBYFT
0QFSBUJOH4FHNFOUT
5IF$PNQBOZbTDIJFGPQFSBUJOHEFDJTJPONBLFSJTUIF$IJFG&YFDVUJWF0GGJDFS5IF$PNQBOZVTFTOFUJODPNFDBMDVMBUFEJO
BDDPSEBODFXJUIHFOFSBMMZBDDFQUFEBDDPVOUJOHQSJODJQMFTBTJUTNPTUSFMFWBOUQFSGPSNBODFNFBTVSF5IF$PNQBOZIBTUISFF
PQFSBUJOHTFHNFOUTXJUIJOJUT6UJMJUZ(SPVQGPVSPQFSBUJOHTFHNFOUTJOJUT/POVUJMJUZ(SPVQBOEB$PSQPSBUFBOE0UIFSTFHNFOU
'BJS7BMVF.FBTVSFNFOUT
$FSUBJOBTTFUTBOEMJBCJMJUJFTBSFWBMVFEBOEPSEJTDMPTFEBUGBJSWBMVF'JOBODJBMBTTFUTJODMVEFTFDVSJUJFTIFMEJOUSVTUCZUIF
$PNQBOZbTQFOTJPOQMBOT/POGJOBODJBMBTTFUTBOEMJBCJMJUJFTJODMVEFUIFJOJUJBMNFBTVSFNFOUPGBOBTTFUSFUJSFNFOUPCMJHBUJPOPS
UIFVTFPGGBJSWBMVFJOHPPEXJMMJOUBOHJCMFBTTFUTBOEMPOHMJWFEBTTFUTJNQBJSNFOUUFTUT'"4#HVJEBODFQSPWJEFTUIF
GSBNFXPSLGPSNFBTVSJOHGBJSWBMVF5IBUGSBNFXPSLQSPWJEFTBGBJSWBMVFIJFSBSDIZUIBUQSJPSJUJ[FTUIFJOQVUTUPWBMVBUJPO
UFDIOJRVFTVTFEUPNFBTVSFGBJSWBMVF5IFIJFSBSDIZHJWFTUIFIJHIFTUQSJPSJUZUPVOBEKVTUFERVPUFEQSJDFTJOBDUJWFNBSLFUTGPS
JEFOUJDBMBTTFUTPSMJBCJMJUJFT-FWFMNFBTVSFNFOUTBOEUIFMPXFTUQSJPSJUZUPVOPCTFSWBCMFJOQVUT-FWFMNFBTVSFNFOUT
5IFUISFFMFWFMTPGUIFGBJSWBMVFIJFSBSDIZBSFEFTDSJCFEBTGPMMPXT