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
AT&T Inc. COM 00206R102 5,622 149,000 SH   SOLE   0 0 0
AbbVie Inc. COM 00287Y109 7,012 96,700 SH   SOLE   0 0 0
Air Products & Chemicals Inc. COM 009158106 6,123 42,800 SH   SOLE   0 0 0
Alliant Energy Corp. COM 018802108 5,494 136,778 SH   SOLE   0 0 0
Altria Group Inc. COM 02209S103 1,117 15,000 SH   SOLE   0 0 0
Ameren Corp. COM 023608102 4,601 84,165 SH   SOLE   0 0 0
American Electric Power Co. COM 025537101 5,919 85,200 SH   SOLE   0 0 0
Amgen Inc. COM 031162100 6,476 37,600 SH   SOLE   0 0 0
Avista Corp. COM 05379B107 5,910 139,200 SH   SOLE   0 0 0
Branch Bank & Trust COM 054937107 5,590 123,100 SH   SOLE   0 0 0
B&G Foods Inc. COM 05508R106 4,439 124,700 SH   SOLE   0 0 0
Bristol-Myers Squibb Co. COM 110122108 2,452 44,000 SH   SOLE   0 0 0
CMS Energy Corp. COM 125896100 1,156 25,000 SH   SOLE   0 0 0
CenterPoint Energy Inc. COM 15189T107 3,740 136,600 SH   SOLE   0 0 0
Cisco Systems Inc. COM 17275R102 4,570 146,000 SH   SOLE   0 0 0
Clorox Co. COM 189054109 666 5,000 SH   SOLE   0 0 0
Coca Cola Co. COM 191216100 5,741 128,000 SH   SOLE   0 0 0
Consolidated Edison Inc. COM 209115104 2,942 36,401 SH   SOLE   0 0 0
Costco Wholesale Corp. COM 22160K105 1,151 7,200 SH   SOLE   0 0 0
Cummins Inc. COM 231021106 1,979 12,200 SH   SOLE   0 0 0
DTE Energy Co. COM 233331107 5,156 48,740 SH   SOLE   0 0 0
Dominion Resources Inc. COM 25746U109 6,276 81,900 SH   SOLE   0 0 0
Dow Chemical COM 260543103 5,802 92,000 SH   SOLE   0 0 0
Dr Pepper Snapple Group COM 26138E109 1,394 15,300 SH   SOLE   0 0 0
Duke Energy Corp. COM 26441C204 6,202 74,200 SH   SOLE   0 0 0
Eaton Corp. PLC COM G29183103 1,401 18,000 SH   SOLE   0 0 0
Emerson Electric Co. COM 291011104 954 16,000 SH   SOLE   0 0 0
Entergy Corp. COM 29364G103 1,382 18,000 SH   SOLE   0 0 0
Eversource Energy COM 30040W108 6,545 107,800 SH   SOLE   0 0 0
Exxon Mobil Corp. COM 30231G102 646 8,000 SH   SOLE   0 0 0
Fifth Third Bancorp COM 316773100 337 13,000 SH   SOLE   0 0 0
Ford Motor Co. COM 345370860 2,350 210,000 SH   SOLE   0 0 0
General Electric Co. COM 369604103 5,451 201,800 SH   SOLE   0 0 0
General Mills Inc. COM 370334104 5,745 103,700 SH   SOLE   0 0 0
General Motors Co. COM 37045V100 2,620 75,000 SH   SOLE   0 0 0
Genuine Parts Co. COM 372460105 1,234 13,300 SH   SOLE   0 0 0
Great Plains Energy Inc. COM 391164100 3,455 118,000 SH   SOLE   0 0 0
Halcon Resources Corp. Warrants 40537Q118 13 20,411 SH   SOLE   0 0 0
Halcon Resources Corp. COM 40537Q605 218 48,122 SH   SOLE   0 0 0
Hasbro COM 418056107 2,063 18,500 SH   SOLE   0 0 0
Intel Corp. COM 458140100 4,373 129,600 SH   SOLE   0 0 0
International Paper Co. COM 460146103 2,151 38,000 SH   SOLE   0 0 0
IShares Core High Dividend ETF 46429B663 16,144 194,200 SH   SOLE   0 0 0
Johnson & Johnson COM 478160104 6,588 49,800 SH   SOLE   0 0 0
Kellogg Co. COM 487836108 4,237 61,000 SH   SOLE   0 0 0
Kimberly-Clark Corp. COM 494368103 5,810 45,000 SH   SOLE   0 0 0
The Kraft Heinz Co. COM 500754106 5,695 66,500 SH   SOLE   0 0 0
Leggett & Platt Inc. COM 524660107 2,847 54,200 SH   SOLE   0 0 0
Lockheed Martin Corp. COM 539830109 555 2,000 SH   SOLE   0 0 0
Lyondellbasell Ind Nv COM 646025106 595 8,000 SH   SOLE   0 0 0
McDonald's Corp. COM 580135101 2,236 14,600 SH   SOLE   0 0 0
Merck & Co. Inc. COM 58933Y105 6,306 98,400 SH   SOLE   0 0 0
Metlife Inc. COM 59156R108 1 10 SH   SOLE   0 0 0
Microsoft Corp. COM 594918104 345 5,000 SH   SOLE   0 0 0
Microchip Technology Inc. COM 595017104 5,588 72,400 SH   SOLE   0 0 0
National Westminster Bank PLC PFD 638539882 6,169 235,000 SH   SOLE   0 0 0
New Jersey Resources Corp. COM 646025106 794 20,000 SH   SOLE   0 0 0
Newtek Cap Inc. NPV COM 652526203 44 2,730 SH   SOLE   0 0 0
Nextera Energy Inc. COM 65339F101 4,905 35,000 SH   SOLE   0 0 0
Nisource Inc. COM 65473P105 882 34,795 SH   SOLE   0 0 0
OGE Energy Corp. COM 670837103 303 8,700 SH   SOLE   0 0 0
Oneok Inc. COM 682680103 1,565 30,000 SH   SOLE   0 0 0
PG&E Corp. COM 69331C108 2,947 44,400 SH   SOLE   0 0 0
PPL Corp. COM 69351T106 5,843 151,142 SH   SOLE   0 0 0
Paychex Inc. COM 704326107 5,677 99,700 SH   SOLE   0 0 0
Pepsico Inc. COM 713448108 6,698 58,000 SH   SOLE   0 0 0
Pfizer Inc. COM 717081103 6,315 188,000 SH   SOLE   0 0 0
Philip Morris Int'l, Inc. COM 718172109 4,992 42,500 SH   SOLE   0 0 0
Pinnacle West Capital COM 723484101 4,846 56,900 SH   SOLE   0 0 0
Portland General Electric Co. COM 736508847 4,962 108,600 SH   SOLE   0 0 0
Proctor & Gamble Co. COM 742718109 5,743 65,900 SH   SOLE   0 0 0
Prudential Financial COM 744320102 5,223 48,300 SH   SOLE   0 0 0
Public Svc Enterprise Group COM 744573106 5,479 127,400 SH   SOLE   0 0 0
Reynolds American Inc. COM 761713106 1,301 20,000 SH   SOLE   0 0 0
SCANA Corp. COM 80589M102 2,640 39,400 SH   SOLE   0 0 0
Schwab US Dividend ETF 808524797 26,135 579,500 SH   SOLE   0 0 0
South Jersey Industries COM 838518108 2,392 70,000 SH   SOLE   0 0 0
Southern Co. COM 842587107 1,283 26,800 SH   SOLE   0 0 0
Spire Inc. COM 84857L101 4,883 70,000 SH   SOLE   0 0 0
Sysco Corp. COM 871829107 2,768 55,000 SH   SOLE   0 0 0
Target Corp. COM 87612E106 5,334 102,000 SH   SOLE   0 0 0
3M Company COM 88579Y101 6,766 32,500 SH   SOLE   0 0 0
US Bancorp COM 902973304 327 6,300 SH   SOLE   0 0 0
Vanguard FTSE Dev. Market ETF 921943858 70,008 1,694,300 SH   SOLE   0 0 0
Vanguard High DVD Yield ETF 921946406 20,572 263,200 SH   SOLE   0 0 0
Vectren Corp. COM 92240G101 3,249 55,600 SH   SOLE   0 0 0
Vanguard Total Stock Market Index ETF 922908769 134,251 1,078,755 SH   SOLE   0 0 0
Verizon Comm. Inc. COM 92343V104 4,689 105,000 SH   SOLE   0 0 0
WGL Holdings Inc. COM 92924F106 1,377 16,500 SH   SOLE   0 0 0
WEC Energy Group Inc. COM 92939U106 3,934 64,100 SH   SOLE   0 0 0
Walmart Stores Inc. COM 931142103 3,557 47,000 SH   SOLE   0 0 0
Waste Management Inc. COM 94106L109 3,751 51,133 SH   SOLE   0 0 0
Wells Fargo & Company COM 949746101 5,680 102,500 SH   SOLE   0 0 0
Xcel Energy Inc. COM 98389B100 5,538 120,709 SH   SOLE   0 0 0