Carl L. Chapman
TWST: Please begin with a brief introduction to Vectren, including some key highlights from your history, and an overview of your various business segments.
Mr. Chapman: Vectren Corporation (VVC) is based in Evansville, Ind., which is in the corner of Southwest Indiana, and our primary business is being a gas and electric utility. About 80% of our earnings for this next year come from the regulated side, and about 20% from the nonregulated side when we exclude the ProLiance loss. We have about one million gas customers, about 140,000 electric customers. The earnings from the utility are split about 50/50 between electric and gas - the customer split being even because we have generating assets to drive earnings on the electric side. We were created from a merger in 2000 of Indiana Energy, which was primarily a gas utility, and SIGCORP, which was primarily an electric utility with a small gas utility. I should also mention that in 2000, we bought the gas distribution assets of Dayton Power and Light, and that was about 320,000 of our one million gas customers. So that will give you a sense of the utility side. We've been narrowing the portfolio on the non-utility side over the last several years. We have five core investments at this point.
On energy marketing, we have ProLiance Energy, based in Indianapolis, which is a wholesale marketer with a real focus on storage optimization. We have Vectren Source, which is a retail gas marketer, primarily serving Choice customers in the state of Ohio, but we're also in Indiana and New York. Then we have what we call coal mining, which at this point has three coal mines. Two that are operating and one under development. Those are all in Southwest Indiana. Our infrastructure services group, which includes Miller Pipeline - Miller is the largest gas distribution contractor in the Midwest - and we also do transmission and waste water and water installations as well, and then finally energy efficiency and renewables under the energy services banner, which is Energy Systems Group. It's a company we started in 1995, and it's done more than $1 billion worth of energy-efficiency projects since inception.
TWST: You just released your 2010 financial results this week. Would you summarize the key takeaways for us?