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RESTRICTED CASH
12 Months Ended
Dec. 31, 2011
Restricted Cash [Abstract]  
RESTRICTED CASH
NOTE 8 – RESTRICTED CASH
The amount of restricted cash related to unreimbursed VEDA bond financing proceeds was $6.1 million at December 31, 2011 and $23.5 million at December 31, 2010.

At December 31, 2011, we had invested in a restricted cash account related to. The investments consist primarily of commercial paper.

The VEDA bond proceeds are held in trust and we access these bond proceeds as reimbursement for capital expenditures made under certain production, transmission, distribution and general facility projects financed by the bond issue.

As of December 31, 2011, we recorded $3.5 million of the restricted cash as a current asset on the Consolidated Balance Sheet representing expenses paid that are expected to be reimbursed at the next requisition date.  To date we have received reimbursements of $24 million.  We expect to receive reimbursements of the remaining proceeds held in trust during 2012.

In September 2011, we received $1.1 million from Omya for the repayment obligation for the five-year rate phase-in plan of the former Vermont Marble customers, as specified in the acquisition agreement between CV and Omya.  As of December 31, 2011, the $1.1 million was included in the current portion of restricted cash.