DOCSLIB.ORG

Vectren Corporation 2015 Annual Report & Form 10-K

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Vectren Corporation 2015 Annual Report & Form 10-K VECTREN CORPORATION 2015 ANNUAL REPORT & FORM 10-K FINANCIAL AND OPERATING HIGHLIGHTS Year ended December 31, In millions, except per share amounts 2015 2014 2013 Net income1 $ 197.3 $ 188.0 $ 174.1 Return on average common shareholders’ equity (ROE) 1 12.0% 11.9% 11.3% Shares outstanding at year-end 82.8 82.6 82.4 Weighted average shares outstanding for basic earnings 82.7 82.5 82.3 Per Common Share Basic earnings1 $ 2.39 $ 2.28 $ 2.12 Dividends paid $ 1.54 $ 1.46 $ 1.425 Annual dividend rate at year-end $ 1.60 $ 1.52 $ 1.44 Book value $ 20.34 $ 19.45 $ 18.86 Market price at year-end $ 42.42 $ 46.23 $ 35.50 Earnings Annual Dividend Rate Book Value Per Share Per Share Per Share $ 2.40 $ 1.60 $ 20.50 2.20 1.50 20.00 2.00 1.40 19.50 1.80 1.30 19.00 1.60 1.20 18.50 1.40 1.10 18.00 1 1 2013 2014 2015 2013 2014 2015 2013 2014 2015 1 Excludes a $21.1 million, or $0.26 per share, after-tax loss from Coal Mining in 2014, the year of disposition. Reported results for 2014 were net income of $166.9 million, or $2.02 per share. Based upon reported results, the return on average shareholders’ equity for 2014 was 10.6%. Excludes a $37.5 million, or $0.46 per share, after-tax loss from ProLiance in 2013, the year of disposition of its gas marketing assets. Reported results for 2013 were net income of $136.6 million, or $1.66 per share. Based upon reported results, the return on average shareholders’ equity for 2013 was 8.9%. See page 30 of the 2015 Form 10-K incorporated herein for more information regarding the use of non-GAAP measures. Table of Contents Letter to Shareholders.................................................. 1 5-Year Financial Review ............................................126 Vectren at a Glance ..................................................... 4 Performance Chart ....................................................127 Form 10-K ................................................................... 5 Shareholder Information ............................................128 Management’s Discussion and Analysis ................... 28 Financial Statements and Notes ............................... 63 Directors and Officers ...............................................129 LETTER TO SHAREHOLDERS I’m pleased to report that results for 2015 reflect a year of solid operational and financial performance that helped us again deliver consistent annual earnings growth for Vectren shareholders. We ended the year with net income of $197.3 million, or $2.39 per share, compared to net income of $188.0 million, or $2.28 per share, excluding the results of our Coal Mining business in 2014; the company sold its wholly owned coal mining subsidiary, Vectren Fuels, in August of 2014. Consolidated results for 2014 including coal mining were net income of $166.9 million, or $2.02 per share. Our utility group remains the principal driver of our successful financial Carl L. Chapman performance, delivering more than 80% of Vectren’s earnings in 2015. Our Chairman, President & CEO utility group earnings were a very strong $160.9 million, compared to $148.4 million in 2014. Our net income for the gas utilities was up significantly, ending the year at $64.4 million compared to $57 million in 2014. The improved results in 2015 were primarily due to returns earned on increased investment in infrastructure replacements as we continue our multi-year gas plan to further the safety and reliability of our gas system. Earnings for our electric utility increased to $82.6 million compared to $79.7 million last year. Results for 2015 improved primarily due to lower operating expenses driven by the timing of annual power plant maintenance costs. In 2015, our non-regulated businesses delivered year-end results of $36.3 million, compared to $39.1 million in 2014, excluding the results of Coal Mining which we sold in 2014. Our Energy Services company, Energy Systems Group (ESG), posted year-end results of $7.3 million, compared to a loss of $3.2 million in 2014, both including the earnings impacts of energy efficiency tax deductions allowed under IRS Code Section 179D of $6.1 million and $3.7 million, net of related costs, in 2015 and 2014, respectively. Results in 2015 improved mostly due to a record year for new orders and project execution. Our Infrastructure Services group had a challenging year due to significantly low oil prices that spurred increased competition in our core maintenance market for much of 2015 in transmission operations. Distribution operations had a very strong year as the demand for distribution infrastructure replacement remains strong. As such, Infrastructure Services ended the year with $29.7 million in net income, below its 2014 performance of $43.1 million. Vectren Corporation 2015 Annual Report & Form 10-K 1 For our utility group, the continuation of recent legislation and regulatory orders, which offer rate recovery mechanisms for the ongoing primarily federally mandated gas infrastructure improvement and replacement programs, allow our utility operations to be well-positioned. This gas rate base investment provides the primary support for utility earnings growth while continued low natural gas prices should help ensure customer bills remain affordable. For our electric business, our focus is on rules that were issued last year, including the Clean Power Plan and various water and coal ash regulations. We are nearing the completion of our $75 to $85 million investment to upgrade existing emissions control equipment on our coal-fired electric generation units in southwestern Indiana to meet 2015 compliance with EPA mandates for mercury. This investment also ensures compliance with sulfur-related (SO3) emissions tied to an EPA-issued notice of violation, settled in December of 2015. Our attention now turns to the next decade and beyond. A key input into our decision-making process for the long-term view of our generation portfolio is the 2016 Integrated Resource Planning (IRP) process, a formal and public exercise to prepare a 20-year plan on the optimal portfolio of resources to best serve our electric customers in an affordable and reliable manner. The IRP will aid us in the navigation toward a future compliant with ever-increasing environmental regulation and a potential need to consider affordable portfolio diversification strategies. Equally important will be considering grid modernization strategies and ensuring our electric utility is exploring opportunities to drive infrastructure resiliency and ultimately reliability, improve the customer experience and help us integrate distributed generation and other emerging technologies that will, over time, likely transform the way we generate and deliver power to customers. Vectren remains closely engaged with key stakeholders as we continue to evaluate the uncertainly that remains around EPA-related directives at the Supreme Court level and ensure our actions align closely with the best interests of our customers. Our nonutility portfolio continues to consist of two high-demand, high-growth businesses within our Infrastructure Services and Energy Services operations. Underground construction activity – driven by integrity management and replacement services remains strong nationally. The distribution portion of that business is focused on gas utility replacement programs across the country and the demand remains very high, as evidenced by its positive performance in 2015. We continue to be confident about the transmission portion of our Infrastructure Services business and expect to see a lessening of the market competition for maintenance work in that sector in the second half of 2016 as over 14,000 miles of scheduled new pipe projects get underway. Infrastructure Services remains the primary driver of financial performance for Vectren’s nonutility businesses. The federal business unit acquisition for our Energy Services company completed in 2014 has translated into additional access to federal markets and the ability to contend for additional energy sustainability projects. This complements our already strong market presence for Energy Services’ suite of energy efficiency and energy sustainability services. Through record new orders again in 2015, which were very high in the fourth quarter, Energy Services will continue to use their recognized proficiency to, not only perform energy efficiency related construction, but also develop, construct and operate combined heat and power and renewable energy projects as the rapidly emerging demand for sustainable infrastructure will continue to result in solid opportunities for this business. As we look to the future, our board of directors continues to be actively engaged as we lay the strategic framework for long-term value creation. Vectren’s forward-seeking agenda reflects the ever evolving, competitive landscape of environmental, technological and innovative considerations that position the company to deliver on the expectations of customers and shareholders for years to come. Our five and 10-year strategic plans are regularly discussed with the board as market conditions and regulatory changes create challenges and/or provide opportunities for us to revisit the company’s priorities and direction. This process lays the groundwork of our commitment to deliver consistent earnings growth to our shareholders 2 and safe, reliable, and cost effective service to our customers for the long-term and ensure the company’s sustainability. I am confident the execution of our corporate strategy will continue to drive Vectren as an ideal investment; as 2015 marks five straight years of consistent earnings growth, and we expect that trend to continue. Driven primarily by our gas infrastructure modernization initiatives and continued emphasis on cost control, our utility group will remain as the primary driver of earnings where we’re targeting strong annual earnings growth of 4 to 6%. As modest increases in customer bills occur annually as a result of required expenditures, the expected short- and long-term favorable outlook on moderate natural gas price levels will ensure bills remain affordable; in fact, Vectren has among the lowest gas rates in Indiana and Ohio.
Load more

Recommended publications
  • Energy Information Administration (EIA) 2014 and 2015 Q1 EIA-923 Monthly Time Series File
    SPREADSHEET PREPARED BY WINDACTION.ORG Based on U.S. Department of Energy - Energy Information Administration (EIA) 2014 and 2015 Q1 EIA-923 Monthly Time Series File Q1'2015 Q1'2014 State MW CF CF Arizona 227 15.8% 21.0% California 5,182 13.2% 19.8% Colorado 2,299 36.4% 40.9% Hawaii 171 21.0% 18.3% Iowa 4,977 40.8% 44.4% Idaho 532 28.3% 42.0% Illinois 3,524 38.0% 42.3% Indiana 1,537 32.6% 29.8% Kansas 2,898 41.0% 46.5% Massachusetts 29 41.7% 52.4% Maryland 120 38.6% 37.6% Maine 401 40.1% 36.3% Michigan 1,374 37.9% 36.7% Minnesota 2,440 42.4% 45.5% Missouri 454 29.3% 35.5% Montana 605 46.4% 43.5% North Dakota 1,767 42.8% 49.8% Nebraska 518 49.4% 53.2% New Hampshire 147 36.7% 34.6% New Mexico 773 23.1% 40.8% Nevada 152 22.1% 22.0% New York 1,712 33.5% 32.8% Ohio 403 37.6% 41.7% Oklahoma 3,158 36.2% 45.1% Oregon 3,044 15.3% 23.7% Pennsylvania 1,278 39.2% 40.0% South Dakota 779 47.4% 50.4% Tennessee 29 22.2% 26.4% Texas 12,308 27.5% 37.7% Utah 306 16.5% 24.2% Vermont 109 39.1% 33.1% Washington 2,724 20.6% 29.5% Wisconsin 608 33.4% 38.7% West Virginia 583 37.8% 38.0% Wyoming 1,340 39.3% 52.2% Total 58,507 31.6% 37.7% SPREADSHEET PREPARED BY WINDACTION.ORG Based on U.S.
    [Show full text]
  • Wind Powering America FY07 Activities Summary
    Wind Powering America FY07 Activities Summary Dear Wind Powering America Colleague, We are pleased to present the Wind Powering America FY07 Activities Summary, which reflects the accomplishments of our state Wind Working Groups, our programs at the National Renewable Energy Laboratory, and our partner organizations. The national WPA team remains a leading force for moving wind energy forward in the United States. At the beginning of 2007, there were more than 11,500 megawatts (MW) of wind power installed across the United States, with an additional 4,000 MW projected in both 2007 and 2008. The American Wind Energy Association (AWEA) estimates that the U.S. installed capacity will exceed 16,000 MW by the end of 2007. When our partnership was launched in 2000, there were 2,500 MW of installed wind capacity in the United States. At that time, only four states had more than 100 MW of installed wind capacity. Seventeen states now have more than 100 MW installed. We anticipate five to six additional states will join the 100-MW club early in 2008, and by the end of the decade, more than 30 states will have passed the 100-MW milestone. WPA celebrates the 100-MW milestones because the first 100 megawatts are always the most difficult and lead to significant experience, recognition of the wind energy’s benefits, and expansion of the vision of a more economically and environmentally secure and sustainable future. WPA continues to work with its national, regional, and state partners to communicate the opportunities and benefits of wind energy to a diverse set of stakeholders.
    [Show full text]
  • Wind Powering America Fy08 Activities Summary
    WIND POWERING AMERICA FY08 ACTIVITIES SUMMARY Energy Efficiency & Renewable Energy Dear Wind Powering America Colleague, We are pleased to present the Wind Powering America FY08 Activities Summary, which reflects the accomplishments of our state Wind Working Groups, our programs at the National Renewable Energy Laboratory, and our partner organizations. The national WPA team remains a leading force for moving wind energy forward in the United States. At the beginning of 2008, there were more than 16,500 megawatts (MW) of wind power installed across the United States, with an additional 7,000 MW projected by year end, bringing the U.S. installed capacity to more than 23,000 MW by the end of 2008. When our partnership was launched in 2000, there were 2,500 MW of installed wind capacity in the United States. At that time, only four states had more than 100 MW of installed wind capacity. Twenty-two states now have more than 100 MW installed, compared to 17 at the end of 2007. We anticipate that four or five additional states will join the 100-MW club in 2009, and by the end of the decade, more than 30 states will have passed the 100-MW milestone. WPA celebrates the 100-MW milestones because the first 100 megawatts are always the most difficult and lead to significant experience, recognition of the wind energy’s benefits, and expansion of the vision of a more economically and environmentally secure and sustainable future. Of course, the 20% Wind Energy by 2030 report (developed by AWEA, the U.S. Department of Energy, the National Renewable Energy Laboratory, and other stakeholders) indicates that 44 states may be in the 100-MW club by 2030, and 33 states will have more than 1,000 MW installed (at the end of 2008, there were six states in that category).
    [Show full text]
  • Executive Summary ¾ Electricity Report ¾ Natural Gas Report ¾ Communications Report ¾ Water/Wastewater Report ¾ Acronyms ¾ Glossary
    Indiana Utility Regulatory Commission 2007 Regulatory Flexibility Report to the Indiana General Assembly Links to Major Sections of the Regulatory Flexibility Report Click on Links Below to Navigate to Major Sections of the Regulatory Flexibility Report ¾ Executive Summary ¾ Electricity Report ¾ Natural Gas Report ¾ Communications Report ¾ Water/Wastewater Report ¾ Acronyms ¾ Glossary Executive Summary EXECUTIVE SUMMARY This 2007 Indiana Utility Regulatory Commission Report to the Regulatory Flexibility Committee of the Indiana General Assembly highlights key issues that confront Indiana Electric, Gas, Communications, and Water/Wastewater industries, as well as the role of the Indiana Utility Regulatory Commission (IURC, Commission) in addressing these issues. For the first time, and while not required by statute, a section on the Water/Wastewater industry is included in this Report in response to concerns raised during the most recent session of the legislature. While each industry has unique issues, several issues discussed in this Report cut across multiple industries. This Executive Summary contains a brief overview of these cross-industry and industry-specific issues which are more fully addressed in the body of the Report. For your convenience there is a list of acronyms and a glossary in the back of the Report. CROSS-INDUSTRY ISSUES Aging infrastructure is a concern for many Indiana utilities. The Electric, Gas, and Water/Wastewater sections of this Report specifically discuss aging infrastructure and the potential problems and costs associated with repairing or replacing old facilities. Coupled with aging facilities is increasing consumer demand for electric, gas, telecommunications, and water services. Increased consumer demand can accelerate the deterioration of equipment and limit periods in which facilities can be conveniently removed from service for maintenance or replacement.
    [Show full text]
  • PUBLIC (REDACTED) VERSION May 14, 2007 1 TABLE of CONTENTS 2 3 I
    RC Exhibit C (RMF) STATE OF INDIANA INDIANA UTILITY REGULATORY COMMISSION JOINT PETITION AND APPLICATION OF PSI ENERGY, INC. , D/B/A ) DUKE ENERGY INDIANA, INC., AND SOUTHERN INDIANA GAS ) AND ELECTRIC COMPANY, D/B/A VECTREN ENERGY DELIVERY ) OF INDIANA, INC., PURSUANT TO INDIANA CODE CHAPTERS 8-1- ) 8.5, 8-1-8.7, 8-1-8.8, AND SECTIONS 8-1-2-6.8, 8-1-2-6.7, 8-1-2-42 (A) ) REQUESTING THAT THE COMMISSION: (1) ISSUE APPICABLE ) CERTIFICATES OF PUBLIC CONVENIENCE AND NECESSITY AND ) APPLICABLE CERTIFICATES OF CLEA COAL TECHNOLOGY TO ) EACH JOINT PETITIONER FOR THE CONSTRUCTION OF AN ) INTEGRATED GASIFICATION COMBINED CYCLE GENERATING ) FACILITY (“IGCC PROJECT”) TO BE USED IN THE PROVISION OF ) ELECTRIC UTILITY SERVICE TO THE PUBLIC; (2) APPROVE THE ) ESTIMATED COSTS AND SCHEDULE OF THE IGCC PROJECT; (3) ) CAUSE NO. 43114 AUTHORIZE EACH JOINT PETITIONER TO RECOVER ITS ) CONSTRUCTION AND OPERATING COSTS ASSOCIATED WITH ) THE IGCC PROJECT ON A TIMELY BASIS VIA APPLICABLE RATE ) ADJUSTMENT MECHANISMS; (4) AUTHORIZE EACH JOINT ) PETITIONER TO USE ACCELERATED DEPRECIATION FOR THE ) IGCC PROJECT; (5) APPROVE CERTAIN OTHER FINANCIAL ) INCENTIVES FOR EACH JOINT PETITIONER ASSOCIATED WITH ) THE IGCC PROJECT; (6) GRANT EACH JOINT PETITIONER THE ) AUTHORITY TO DEFER ITS PROPERTY TAX EXPENSE, POST-IN- ) SERVICE CARRYING COSTS, DEPRECIATION COSTS, AND ) OPERATION AND MAINTENANCE COSTS ASSOCIATED WITH THE ) IGCC PROJECT ON AN INTERIM BASIS UNTIL THE APPLICABLE ) COSTS ARE REFLECTED IN EACH JOINT PETITIONER’S ) RESPECTIVE RETAIL ELECTRIC RATES; (7) AUTHORIZE EACH ) JOINT PETITIONER TO RECOVER ITS OTHER RELATED COSTS ) ASSOCIATED WITH THE IGCC PROJECT; AND (8) CONDUCT AN ) ONGOING REVIEW OF THE CONSTRUCTION OF THE IGCC ) PROJECT ) VERIFIED PETITION OF DUKE ENERGY INDIANA, INC.
    [Show full text]
  • Inspectors Special Assignment Sources [PDF]
    INDIANA DEPARTMENT OF ENVIRONMENTAL MANAGEMENT Last Updated 11/17/2020 Inspectors' Specialty Assignment Sources Plant ID County Plant Name City Specialty Inspector 003-00013 Allen Rea Magnet Wire Co, Inc Fort Wayne Patrick Burton 003-00036 Allen General Motors LLC Fort Wayne Assembly Roanoke Patrick Burton 003-00269 Allen Essex Group LLC Fort Wayne Patrick Burton 005-00015 Bartholomew Cummins Engine Plant Columbus Vaughn Ison 005-00040 Bartholomew Toyota Material Handling Incorporated Columbus Vaughn Ison 005-00047 Bartholomew Cummins Engine Co - Midrange Engine Plant Columbus Vaughn Ison 005-00066 Bartholomew NTN Driveshaft, Inc Columbus Vaughn Ison 017-00005 Cass Lehigh Cement Company LLC Logansport Patrick Austin 017-00027 Cass A. Raymond Tinnerman Automotive Incorporated Logansport Rebecca Hayes 019-00008 Clark Lehigh Cement Company LLC Speed Patrick Austin 027-00046 Davieess Grain Processing Corporation Washington Tammy Haug 033-00023 DeKalb Rieke Packaging Systems Auburn Ling Tapp 033-00043 DeKalb Steel Dynamics, Inc - Flat Roll Group - Butler Division Butler Kurt Graham 033-00076 DeKalb Steel Dynamics, Inc - Iron Dynamics Division Butler Kurt Graham 035-00028 Delaware Exide Technologies Muncie Christopher Cissell 039-00115 Elkhart Manchester Tank & Equipment Elkhart Paul Karkiewicz 043-00004 Floyd Duke Energy Indiana, LLC - Gallagher Generating Station New Albany Patrick Austin 045-00011 Fountain MasterGuard Corporation Veedersburg Rebecca Hayes 049-00023 Fulton CamCar, LLC Rochester Rick Reynolds 051-00013 Gibson Duke Energy Indiana,
    [Show full text]
  • Nuclear and Coal in the Postwar US Dissertation Presented in Partial
    Power From the Valley: Nuclear and Coal in the Postwar U.S. Dissertation Presented in partial fulfillment of the requirements for the Degree Doctor of Philosophy in the Graduate School of the Ohio State University By Megan Lenore Chew, M.A. Graduate Program in History The Ohio State University 2014 Dissertation Committee: Steven Conn, Advisor Randolph Roth David Steigerwald Copyright by Megan Lenore Chew 2014 Abstract In the years after World War II, small towns, villages, and cities in the Ohio River Valley region of Ohio and Indiana experienced a high level of industrialization not seen since the region’s commercial peak in the mid-19th century. The development of industries related to nuclear and coal technologies—including nuclear energy, uranium enrichment, and coal-fired energy—changed the social and physical environments of the Ohio Valley at the time. This industrial growth was part of a movement to decentralize industry from major cities after World War II, involved the efforts of private corporations to sell “free enterprise” in the 1950s, was in some cases related to U.S. national defense in the Cold War, and brought some of the largest industrial complexes in the U.S. to sparsely populated places in the Ohio Valley. In these small cities and villages— including Madison, Indiana, Cheshire, Ohio, Piketon, Ohio, and Waverly, Ohio—the changes brought by nuclear and coal meant modern, enormous industry was taking the place of farms and cornfields. These places had been left behind by the growth seen in major metropolitan areas, and they saw the potential for economic growth in these power plants and related industries.
    [Show full text]
  • To Download This Report (PDF)
    2009 INDIANA RENEWABLE ENERGY RESOURCES STUDY State Utility Forecasting Group Energy Center Purdue University West Lafayette, Indiana David Nderitu Emily Gall Douglas Gotham Forrest Holland Marco Velastegui Paul Preckel September 2009 2009 Indiana Renewable Energy Resources Study - State Utility Forecasting Group Table of Contents Page List of Figures iii List of Tables v Acronyms and Abbreviations vi Foreword ix 1. Overview 1 1.1 Trends in renewable energy consumption in the United States 1 1.2 Trends in renewable energy consumption in Indiana 4 1.3 References 8 2. Energy from Wind 9 2.1 Introduction 9 2.2 Economics of wind energy 11 2.3 State of wind energy nationally 14 2.4 Wind energy in Indiana 18 2.5 Incentives for wind energy 24 2.6 References 26 3. Dedicated Energy Crops 27 3.1 Introduction 27 3.2 Economics of energy crops 30 3.3 State of energy crops nationally 32 3.4 Energy crops in Indiana 36 3.5 Incentives for energy crops 38 3.6 References 40 4. Organic Waste Biomass 43 4.1 Introduction 43 4.2 Economics of organic waste biomass 46 4.3 State of organic waste biomass nationally 47 4.4 Organic waste biomass in Indiana 49 4.5 Incentives for organic waste biomass 53 4.6 References 54 i 2009 Indiana Renewable Energy Resources Study - State Utility Forecasting Group 5. Solar Energy 57 5.1 Introduction 57 5.2 Economics of solar technologies 60 5.3 State of solar energy nationally 60 5.4 Solar energy in Indiana 66 5.5 Incentives for solar energy 66 5.6 References 69 6.
    [Show full text]
  • Wind Energy Report
    AN EXAMINATION OF THE COMMUNITY LEVEL DYNAMICS RELATED TO THE INTRODUCTION OF WIND ENERGY IN INDIANA Report June 2020 Prepared by Z. Bednarikova, R. Hillberry, N. Nguyen, I. Kumar, T. Inani, M. Gordon, M. Wilcox Purdue Extension – Community Development Purdue University – College of Agriculture Purdue Center for Regional Development 1 TABLE OF CONTENTS EXECUTIVE SUMMARY .................................................................................................................................. 4 INTRODUCTION ............................................................................................................................................. 5 METHODOLOGY ............................................................................................................................................ 6 PROFILE OF THE WIND ENERGY SECTOR IN INDIANA ................................................................................... 7 I. Indiana’s wind resource ......................................................................................................................... 8 II. The footprint of utility-scale wind energy generation in Indiana ....................................................... 12 III. The wind industry as a source of income .......................................................................................... 15 IV. Payments to local governments ........................................................................................................ 22 V. Policy ..................................................................................................................................................
    [Show full text]
  • 1- Verified Direct Testimony Of
    West Fork Wind, LLC Cause No. _______45047 Petitioner’s Exhibit 1 VERIFIED DIRECT TESTIMONY OF ZACHARY MELDA 1 I. INTRODUCTION 2 Q1. Please state your name and business address. 3 A. My name is Zachary Melda, and my business address is 700 Universe Blvd., Juno Beach, 4 Florida, 33408. 5 Q2. By whom are you employed and in what capacity? 6 A. I am employed by NextEra Energy Resources, LLC (“NextEra”) and have been delegated 7 responsibility for the development of the West Fork Wind Facility (the “Project” or the 8 “Wind Facility”) by West Fork Wind, LLC (“West Fork” or “Petitioner”). I am a Project 9 Manager for NextEra and oversee the development of wind projects including the 10 development of the Wind Facility. The Petitioner is a Delaware limited liability company 11 and is a wholly-owned indirect subsidiary of NextEra. NextEra is headquartered in Juno 12 Beach, Florida. 13 Q3. What is your educational background? 14 A. I have a Bachelor of Science, Civil Engineering from Southern Polytechnic State 15 University and a Master of Business Administration, Operations Management and 16 Supervision from Georgia Institute of Technology. 17 Q4. Please describe your employment history. 18 A. I have worked for NextEra since May 2016 as a Project Manager for Development. My 19 educational and professional background is set forth on Petitioner’s Attachment ZM-1. -1- West Fork Wind, LLC Cause No. _______ Petitioner’s Exhibit 1 1 Q5. Have you previously testified before government bodies or agencies? 2 A. Yes, I submitted testimony in support of a petition for jurisdictional determinations on 3 behalf of Jordan Creek Wind Farm, LLC, another NextEra subsidiary, in Cause No.
    [Show full text]
  • STAKEHOLDER GROUP PARTICIPATION (June 29, 2021)
    STAKEHOLDER GROUP PARTICIPATION1 (September 20, 2021) I. TRANSMISSION OWNERS2 1. AEP Indiana Michigan Transmission Company, Inc. 2. ALLETE, Inc. (for its operating division Minnesota Power, Inc., and its wholly-owned subsidiary, Superior Water, Light and Power Company) 3. Ameren Illinois Company (d/b/a Ameren Illinois) 4. Ameren Transmission Company of Illinois3 5. American Transmission Company, LLC 6. Ames Municipal Electric System 7. Arkansas Electric Cooperative Corporation 8. Big Rivers Electric Corporation 9. Board of Water, Electric, and Communications Trustees of the City of Muscatine, Iowa 10. Central Minnesota Municipal Power Agency 11. City of Alexandria, Louisiana 12. City of Springfield, Illinois (Office of Public Utilities) 13. Cleco Power LLC 14. Columbia, Missouri, City of (Water & Light Dept.) 15. Cooperative Energy (formerly SMEPA) 16. Dairyland Power Cooperative 17. Duke Energy Indiana, LLC 18. East Texas Electric Cooperative, Inc. 19. Entergy Arkansas, LLC 20. Entergy Louisiana, LLC 21. Entergy Mississippi, LLC 22. Entergy New Orleans, LLC 23. Entergy Texas, Inc. 24. Great River Energy 25. GridLiance Heartland LLC 4 26. Hoosier Energy Rural Electric Cooperative, Inc. 27. Indiana Municipal Power Agency 28. Indianapolis Power & Light Company 29. International Transmission Company (d/b/a ITC Transmission) 30. ITC Midwest LLC 1 This Stakeholder Group Participation listing reflects Members’ stakeholder group selections from respective membership applications approved by MISO’s Board of Directors. Membership participation in the stakeholder process is governed by the Stakeholder Governance Guide and any relevant guidelines of the various stakeholder sectors. Stakeholder group participation by non-MISO Members is also listed. 2 As Transmission Owning Members of MISO and signatories to the Transmission Owners Agreement, City of Henderson; City of Rochester; Willmar Municipal Utilities; and WPPI Energy participate in the Municipals/Cooperatives/Transmission Dependent Utilities stakeholder group.
    [Show full text]
  • Powering Indiana's Economic Future November 2020 Powering Indiana’S Economic Future
    POWERING INDIANA'S ECONOMIC FUTURE NOVEMBER 2020 POWERING INDIANA’S ECONOMIC FUTURE This study was made possible through these supporting organizations and the work of the Advisory Council, co-chaired by Ron Christian and Tom Easterday. We thank them for their efforts: Champion: Advisory Council* Kari Fluegel, Alcoa Corporation Evan Midler, Alliance Resource Partners Cyril Martinand, ArcelorMittal Susan Zlajic, ArcleorMittal Wendell Carter, ArcelorMittal Mike Crossey, CountryMark Stan Pinegar, Duke Energy Gold: Amy Kurt, EDP Renewables Scott Glaze, Fort Wayne Metals Jean Neel, Haynes International, Inc. Matt Prine, Indiana American Water John Gasstrom, Indiana Electric Cooperatives Danielle McGrath, Indiana Energy Association Brian Bergsma, Indiana Michigan Power Joe Rompala, INDIEC Silver: Nick Heiny, Metal Technologies, Inc. Alliance Resource Partners Melissa Seymour, MISO ArcelorMittal Brandon Seitz, NIPSCO CountryMark Tom Easterday, North American Subaru, Inc. Fort Wayne Metals Sam Schlosser, Plymouth Foundry Haynes International Ron Christian, Retired-Vectren Indiana American Water Rachel Hazaray, Subaru of Indiana Automotive, Inc. Indiana Electric Cooperatives Jamalyn Sarver, Sunrise Coal Indiana Energy Association Mike Roeder, Vectren, A CenterPoint Energy Company INDIEC (Indiana Industrial Energy Consumers) Steve Chriss, Walmart Inc. Metal Technologies Kevin Thompson, Walmart Inc. NIPSCO Subaru of Indiana Automotive *The Indiana Chamber of Commerce Foundation commissioned Sunrise Coal London Economics International LLC (LEI) to
    [Show full text]