The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGL Resources Inc. COM 001204106 4,084 82,247 SH   SOLE   0 0 0
AT&T Inc. COM 00206R102 4,081 125,000 SH   SOLE   0 0 0
AbbVie Inc. COM 00287Y109 4,490 76,700 SH   SOLE   0 0 0
Air Products & Chemicals Inc. COM 009158106 4,047 26,755 SH   SOLE   0 0 0
Alliant Energy Corp. COM 018802108 3,364 53,389 SH   SOLE   0 0 0
Altria Group Inc. COM 02209S103 4,275 85,459 SH   SOLE   0 0 0
Ameren Corp. COM 023608102 1,273 30,165 SH   SOLE   0 0 0
American Electric Power Co. COM 025537101 2,115 37,600 SH   SOLE   0 0 0
Amgen Inc. COM 031162100 639 4,000 SH   SOLE   0 0 0
Atmos Energy Corp. COM 049560105 2,422 43,800 SH   SOLE   0 0 0
Avery Dennison Corp. COM 053611109 3,693 69,799 SH   SOLE   0 0 0
Avista Corp. COM 05379B107 4,002 117,100 SH   SOLE   0 0 0
B&G Foods Inc. COM 05508R106 3,208 109,000 SH   SOLE   0 0 0
Bristol-Myers Squibb Co. COM 110122108 323 5,000 SH   SOLE   0 0 0
CMS Energy Corp. COM 125896100 3,508 100,500 SH   SOLE   0 0 0
CenterPoint Energy Inc. COM 15189T107 3,984 195,200 SH   SOLE   0 0 0
Chevron Corp. COM 166764100 3,569 34,000 SH   SOLE   0 0 0
Clorox Co. COM 189054109 5,520 50,000 SH   SOLE   0 0 0
Coca Cola Co. COM 191216100 3,528 87,000 SH   SOLE   0 0 0
Conagra Foods Inc. COM 205887102 365 10,000 SH   SOLE   0 0 0
ConocoPhillips COM 20825C104 1,868 30,000 SH   SOLE   0 0 0
Consolidated Edison Inc. COM 209115104 3,739 61,301 SH   SOLE   0 0 0
DTE Energy Co. COM 233331107 3,287 40,740 SH   SOLE   0 0 0
Dominion Resources Inc. COM 25746U109 4,550 64,200 SH   SOLE   0 0 0
Dow Chemical COM 260543103 3,503 73,000 SH   SOLE   0 0 0
Dr Pepper Snapple Group COM 26138E109 2,747 35,000 SH   SOLE   0 0 0
Dupont E.I. De Nemours COM 263534109 3,180 44,500 SH   SOLE   0 0 0
Duke Energy Corp. COM 26441C204 3,854 50,200 SH   SOLE   0 0 0
Eaton Corp. PLC COM G29183103 4,374 64,400 SH   SOLE   0 0 0
Emerson Electric Co. COM 291011104 3,878 68,500 SH   SOLE   0 0 0
Eversource Energy COM 30040W108 4,319 85,500 SH   SOLE   0 0 0
Firstenergy Corp. COM 337932107 3,497 99,743 SH   SOLE   0 0 0
General Electric Co. COM 369604103 5,007 201,800 SH   SOLE   0 0 0
General Mills Inc. COM 370334104 3,605 63,700 SH   SOLE   0 0 0
Intel Corp. COM 458140100 1,645 52,600 SH   SOLE   0 0 0
IShares S&P 500 Index Fund 464287200 70,039 337,000 SH   SOLE   0 0 0
Johnson & Johnson COM 478160104 4,104 40,800 SH   SOLE   0 0 0
Kimberly-Clark Corp. COM 494368103 4,199 39,200 SH   SOLE   0 0 0
Kinder Morgan Inc. COM 49456B101 2,734 65,000 SH   SOLE   0 0 0
Kraft Foods Group Inc. COM 50076Q106 5,575 64,000 SH   SOLE   0 0 0
The Laclede Group Inc. COM 505597104 4,231 82,600 SH   SOLE   0 0 0
Leggett & Platt Inc. COM 524660107 4,595 99,700 SH   SOLE   0 0 0
Lockheed Martin Corp. COM 539830109 4,871 24,000 SH   SOLE   0 0 0
McDonald's Corp. COM 580135101 3,576 36,700 SH   SOLE   0 0 0
Merck & Co. Inc. COM 58933Y105 3,449 60,000 SH   SOLE   0 0 0
Metlife Inc. COM 59156R108 1 10 SH   SOLE   0 0 0
Microchip Technology Inc. COM 595017104 3,051 62,400 SH   SOLE   0 0 0
National Westminster Bank PLC PFD 638539882 6,110 235,000 SH   SOLE   0 0 0
New Jersey Resources Corp. COM 646025106 3,236 104,200 SH   SOLE   0 0 0
Newtek Cap Inc. NPV COM 652526203 40 2,400 SH   SOLE   0 0 0
Nextera Energy Inc. COM 65339F101 3,122 30,000 SH   SOLE   0 0 0
PG&E Corp. COM 69331C108 2,061 38,832 SH   SOLE   0 0 0
PPL Corp. COM 69351T106 4,078 121,142 SH   SOLE   0 0 0
Paychex Inc. COM 704326107 5,195 104,700 SH   SOLE   0 0 0
Pepsico Inc. COM 713448108 2,582 27,000 SH   SOLE   0 0 0
Pfizer Inc. COM 717081103 3,757 108,000 SH   SOLE   0 0 0
Philip Morris Int'l, Inc. COM 718172109 2,750 36,500 SH   SOLE   0 0 0
Piedmont Natural Gas Co. COM 720186105 4,540 123,000 SH   SOLE   0 0 0
Pinnacle West Capital COM 723484101 2,990 46,900 SH   SOLE   0 0 0
Portland General Electric Co. COM 736508847 3,346 90,200 SH   SOLE   0 0 0
Proctor & Gamble Co. COM 742718109 4,753 58,000 SH   SOLE   0 0 0
Public Svc Enterprise Group COM 744573106 2,075 49,500 SH   SOLE   0 0 0
Reynolds American Inc. COM 761713106 2,756 40,000 SH   SOLE   0 0 0
SCANA Corp. COM 80589M102 2,991 54,400 SH   SOLE   0 0 0
South Jersey Industries COM 838518108 3,984 73,400 SH   SOLE   0 0 0
Southern Co. COM 842587107 4,029 91,000 SH   SOLE   0 0 0
Spectra Energy Corp COM 847560109 3,364 93,000 SH   SOLE   0 0 0
Sysco Corp. COM 871829107 4,256 112,800 SH   SOLE   0 0 0
TECO Energy Inc. COM 872375100 3,428 176,700 SH   SOLE   0 0 0
Target Corp. COM 87612E106 3,652 44,500 SH   SOLE   0 0 0
3M Company COM 88579Y101 4,206 25,500 SH   SOLE   0 0 0
Time Warner Cable Inc. Class A - Common Stock 88732J207 186 1,244 SH   SOLE   0 0 0
Vanguard FTSE Dev. Market ETF 921943858 59,438 1,492,300 SH   SOLE   0 0 0
Vanguard FTSE Emerging Markets ETF 922042858 70,256 1,719,000 SH   SOLE   0 0 0
Vectren Corp. Common Stock 92240G101 3,116 70,600 SH   SOLE   0 0 0
Vanguard Total Stock Market Index ETF 922908769 99,546 928,170 SH   SOLE   0 0 0
Verizon Comm. Inc. COM 92343V104 4,620 95,000 SH   SOLE   0 0 0
WGL Holdings Inc. COM 92924F106 4,749 84,200 SH   SOLE   0 0 0
Waste Management Inc. COM 94106L109 5,282 97,400 SH   SOLE   0 0 0
Westar Energy Inc. COM 95709T100 4,319 111,423 SH   SOLE   0 0 0
Williams Companies COM 969457100 4,047 80,000 SH   SOLE   0 0 0
Xcel Energy Inc. COM 98389B100 4,550 130,709 SH   SOLE   0 0 0