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 6,337 149,000 SH   SOLE   0 0 0
AbbVie Inc. COM 00287Y109 6,368 101,700 SH   SOLE   0 0 0
Air Products & Chemicals Inc. COM 009158106 5,868 40,800 SH   SOLE   0 0 0
Alliant Energy Corp. COM 018802108 5,486 144,778 SH   SOLE   0 0 0
Altria Group Inc. COM 02209S103 1,014 15,000 SH   SOLE   0 0 0
Ameren Corp. COM 023608102 4,678 89,165 SH   SOLE   0 0 0
American Electric Power Co. COM 025537101 5,830 92,600 SH   SOLE   0 0 0
Amgen Inc. COM 031162100 4,913 33,600 SH   SOLE   0 0 0
Avista Corp. COM 05379B107 5,567 139,200 SH   SOLE   0 0 0
Branch Bank & Trust COM 054937107 4,801 102,100 SH   SOLE   0 0 0
B&G Foods Inc. COM 05508R106 5,111 116,700 SH   SOLE   0 0 0
Bristol-Myers Squibb Co. COM 110122108 1,929 33,000 SH   SOLE   0 0 0
CMS Energy Corp. COM 125896100 1,041 25,000 SH   SOLE   0 0 0
CSX Corp. COM 126408103 1,258 35,000 SH   SOLE   0 0 0
CenterPoint Energy Inc. COM 15189T107 3,366 136,600 SH   SOLE   0 0 0
Cisco Systems Inc. COM 17275R102 4,412 146,000 SH   SOLE   0 0 0
Clorox Co. COM 189054109 600 5,000 SH   SOLE   0 0 0
Coca Cola Co. COM 191216100 5,307 128,000 SH   SOLE   0 0 0
Consolidated Edison Inc. COM 209115104 3,050 41,401 SH   SOLE   0 0 0
Cummins Inc. COM 231021106 1,667 12,200 SH   SOLE   0 0 0
DTE Energy Co. COM 233331107 4,801 48,740 SH   SOLE   0 0 0
Dominion Resources Inc. COM 25746U109 5,966 77,900 SH   SOLE   0 0 0
Dow Chemical COM 260543103 6,809 119,000 SH   SOLE   0 0 0
Dr Pepper Snapple Group COM 26138E109 1,088 12,000 SH   SOLE   0 0 0
Duke Energy Corp. COM 26441C204 6,303 81,200 SH   SOLE   0 0 0
Eaton Corp. PLC COM G29183103 1,208 18,000 SH   SOLE   0 0 0
Emerson Electric Co. COM 291011104 892 16,000 SH   SOLE   0 0 0
Entergy Corp. COM 29364G103 2,792 38,000 SH   SOLE   0 0 0
Eversource Energy COM 30040W108 6,506 117,800 SH   SOLE   0 0 0
Firstenergy Corp. COM 337932107 1,115 36,000 SH   SOLE   0 0 0
Ford Motor Co. COM 345370860 2,305 190,000 SH   SOLE   0 0 0
General Electric Co. COM 369604103 7,009 221,800 SH   SOLE   0 0 0
General Mills Inc. COM 370334104 5,479 88,700 SH   SOLE   0 0 0
General Motors Co. COM 37045V100 2,613 75,000 SH   SOLE   0 0 0
Genuine Parts Co. COM 372460105 984 10,300 SH   SOLE   0 0 0
Great Plains Energy Inc. COM 391164100 2,680 98,000 SH   SOLE   0 0 0
Halcon Resources Corp. Warrants 40537Q118 47 20,411 SH   SOLE   0 0 0
Halcon Resources Corp. COM 40537Q605 543 58,122 SH   SOLE   0 0 0
Hasbro COM 418056107 1,906 24,500 SH   SOLE   0 0 0
Intel Corp. COM 458140100 4,410 121,600 SH   SOLE   0 0 0
International Paper Co. COM 460146103 1,380 26,000 SH   SOLE   0 0 0
IShares Select Dividend ETF 464287168 16,328 184,350 SH   SOLE   0 0 0
IShares Core High Dividend ETF 46429B663 15,973 194,200 SH   SOLE   0 0 0
Johnson & Johnson COM 478160104 6,314 54,800 SH   SOLE   0 0 0
Kellogg Co. COM 487836108 4,496 61,000 SH   SOLE   0 0 0
Kimberly-Clark Corp. COM 494368103 5,135 45,000 SH   SOLE   0 0 0
The Kraft Heinz Co. COM 500754106 5,501 63,000 SH   SOLE   0 0 0
Leggett & Platt Inc. COM 524660107 2,649 54,200 SH   SOLE   0 0 0
Lockheed Martin Corp. COM 539830109 500 2,000 SH   SOLE   0 0 0
Lyondellbasell Ind Nv COM 646025106 647 8,000 SH   SOLE   0 0 0
McDonald's Corp. COM 580135101 2,154 17,700 SH   SOLE   0 0 0
Merck & Co. Inc. COM 58933Y105 5,793 98,400 SH   SOLE   0 0 0
Metlife Inc. COM 59156R108 1 10 SH   SOLE   0 0 0
Microsoft Corp. COM 594918104 311 5,000 SH   SOLE   0 0 0
Microchip Technology Inc. COM 595017104 4,965 77,400 SH   SOLE   0 0 0
National Westminster Bank PLC PFD 638539882 6,023 235,000 SH   SOLE   0 0 0
New Jersey Resources Corp. COM 646025106 710 20,000 SH   SOLE   0 0 0
Newtek Cap Inc. NPV COM 652526203 43 2,730 SH   SOLE   0 0 0
Nextera Energy Inc. COM 65339F101 4,181 35,000 SH   SOLE   0 0 0
PG&E Corp. COM 69331C108 3,215 52,900 SH   SOLE   0 0 0
PPL Corp. COM 69351T106 5,419 159,142 SH   SOLE   0 0 0
Paychex Inc. COM 704326107 6,070 99,700 SH   SOLE   0 0 0
Pepsico Inc. COM 713448108 6,069 58,000 SH   SOLE   0 0 0
Pfizer Inc. COM 717081103 6,106 188,000 SH   SOLE   0 0 0
Philip Morris Int'l, Inc. COM 718172109 4,209 46,000 SH   SOLE   0 0 0
Pinnacle West Capital COM 723484101 4,674 59,900 SH   SOLE   0 0 0
Portland General Electric Co. COM 736508847 6,153 142,000 SH   SOLE   0 0 0
Proctor & Gamble Co. COM 742718109 6,045 71,900 SH   SOLE   0 0 0
Prudential Financial COM 744320102 5,026 48,300 SH   SOLE   0 0 0
Public Svc Enterprise Group COM 744573106 5,810 132,400 SH   SOLE   0 0 0
Reynolds American Inc. COM 761713106 1,121 20,000 SH   SOLE   0 0 0
SCANA Corp. COM 80589M102 3,620 49,400 SH   SOLE   0 0 0
Schwab US Dividend ETF 808524797 17,101 392,500 SH   SOLE   0 0 0
South Jersey Industries COM 838518108 2,358 70,000 SH   SOLE   0 0 0
Southern Co. COM 842587107 4,476 91,000 SH   SOLE   0 0 0
Spectra Energy Corp. COM 847560109 740 18,000 SH   SOLE   0 0 0
Spire Inc. COM 84857L101 4,519 70,000 SH   SOLE   0 0 0
Sysco Corp. COM 871829107 3,045 55,000 SH   SOLE   0 0 0
Target Corp. COM 87612E106 6,320 87,500 SH   SOLE   0 0 0
3M Company COM 88579Y101 6,964 39,000 SH   SOLE   0 0 0
Union Pacific Corp. COM 907818108 518 5,000 SH   SOLE   0 0 0
Vanguard FTSE Dev. Market ETF 921943858 60,985 1,669,000 SH   SOLE   0 0 0
Vanguard High DVD Yield ETF 921946406 11,722 154,700 SH   SOLE   0 0 0
Vectren Corp. COM 92240G101 5,038 96,600 SH   SOLE   0 0 0
Vanguard Total Stock Market Index ETF 922908769 123,873 1,074,170 SH   SOLE   0 0 0
Verizon Comm. Inc. COM 92343V104 5,605 105,000 SH   SOLE   0 0 0
WGL Holdings Inc. COM 92924F106 2,250 29,500 SH   SOLE   0 0 0
WEC Energy Group Inc. COM 92939U106 3,173 54,100 SH   SOLE   0 0 0
Walmart Stores Inc. COM 931142103 4,285 62,000 SH   SOLE   0 0 0
Waste Management Inc. COM 94106L109 3,902 55,033 SH   SOLE   0 0 0
Wells Fargo & Company COM 949746101 4,684 85,000 SH   SOLE   0 0 0
Westar Energy Inc. COM 95709T100 564 10,000 SH   SOLE   0 0 0
Xcel Energy Inc. COM 98389B100 5,259 129,209 SH   SOLE   0 0 0