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
Estimated average burden
hours per response: 23.8
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 Common 001204106 6,372 116,900 SH   SOLE   116,900 0 0
AT&T INC Common 00206R102 87,838 2,615,000 SH   SOLE   2,615,000 0 0
ABBVIE INC Common 00287Y109 7,297 111,500 SH   SOLE   111,500 0 0
AIR PRODUCTS & CHEMICALS INC Common 009158106 9,721 67,400 SH   SOLE   67,400 0 0
ALLETE INC Common 018522300 7,141 129,500 SH   SOLE   129,500 0 0
ALLIANT ENERGY CORP Common 018802108 6,177 93,000 SH   SOLE   93,000 0 0
ALTRIA GROUP INC Common 02209S103 36,199 734,700 SH   SOLE   734,700 0 0
AMEREN CORP Common 023608102 11,138 241,442 SH   SOLE   241,442 0 0
AMERICAN ELECTRIC POWER CO Common 025537101 9,108 150,000 SH   SOLE   150,000 0 0
AVISTA CORP Common 05379B107 7,035 199,000 SH   SOLE   199,000 0 0
BP PLC ADR Common 055622104 61,583 1,615,500 SH   SOLE   1,615,500 0 0
BEMIS CO Common 081437105 7,688 170,051 SH   SOLE   170,051 0 0
BLACK HILLS CORP Common 092113109 3,808 71,800 SH   SOLE   71,800 0 0
BOEING CO Common 097023105 9,489 73,000 SH   SOLE   73,000 0 0
BRISTOL MYERS SQUIBB CO Common 110122108 15,242 258,200 SH   SOLE   258,200 0 0
CATERPILLAR INC Common 149123101 12,466 136,200 SH   SOLE   136,200 0 0
CHEVRON CORP Common 166764100 67,521 601,900 SH   SOLE   601,900 0 0
CINCINNATI FINANCIAL CORP Common 172062101 33,301 642,500 SH   SOLE   642,500 0 0
CISCO SYSTEMS Common 17275R102 25,715 924,500 SH   SOLE   924,500 0 0
CLOROX COMPANY Common 189054109 15,684 150,500 SH   SOLE   150,500 0 0
COCA COLA CO Common 191216100 26,493 627,500 SH   SOLE   627,500 0 0
CONAGRA FOODS INC Common 205887102 17,886 493,000 SH   SOLE   493,000 0 0
CONOCOPHILIPS Common 20825C104 62,748 908,600 SH   SOLE   908,600 0 0
CONSOLIDATED EDISON INC Common 209115104 17,597 266,586 SH   SOLE   266,586 0 0
DOMINION RESOURCES INC Common 25746U109 7,805 101,500 SH   SOLE   101,500 0 0
DOW CHEMICAL COMPANY Common 260543103 18,363 402,600 SH   SOLE   402,600 0 0
DU PONT E I DE NEMOURS Common 263534109 16,119 218,000 SH   SOLE   218,000 0 0
DUKE ENERGY CORP Common 26441C204 10,033 120,095 SH   SOLE   120,095 0 0
EMERSON ELECTRIC CO Common 291011104 13,581 220,000 SH   SOLE   220,000 0 0
EMPIRE DISTRICT ELECTRIC Common 291641108 7,361 247,500 SH   SOLE   247,500 0 0
ERIE INDEMNITY CO CL A Common 29530P102 20,795 229,100 SH   SOLE   229,100 0 0
EXXON MOBIL CORP Common 30231G102 14,607 158,000 SH   SOLE   158,000 0 0
GALLAGHER ARTHUR J Common 363576109 27,372 581,400 SH   SOLE   581,400 0 0
GENERAL ELECTRIC CO Common 369604103 41,402 1,638,400 SH   SOLE   1,638,400 0 0
GENERAL MILLS INC Common 370334104 22,047 413,400 SH   SOLE   413,400 0 0
GENUINE PARTS CO Common 372460105 10,444 98,000 SH   SOLE   98,000 0 0
GLAXOSMITHKLINE ADR Common 37733W105 52,463 1,227,500 SH   SOLE   1,227,500 0 0
HELMERICH & PAYNE INC Common 423452101 6,742 100,000 SH   SOLE   100,000 0 0
INTEL CORP Common 458140100 33,332 918,500 SH   SOLE   918,500 0 0
INTEGRYS ENERGY GROUP INC Common 45822P105 11,755 151,000 SH   SOLE   151,000 0 0
JOHNSON & JOHNSON Common 478160104 18,321 175,200 SH   SOLE   175,200 0 0
KELLOGG CO Common 487836108 10,830 165,500 SH   SOLE   165,500 0 0
KIMBERLY CLARK CORP Common 494368103 23,743 205,500 SH   SOLE   205,500 0 0
KRAFT FOODS INC Common 50076Q106 38,317 611,500 SH   SOLE   611,500 0 0
LACLEDE GROUP INC Common 505597104 6,384 120,000 SH   SOLE   120,000 0 0
LEGGETT & PLATT INC Common 524660107 27,377 642,500 SH   SOLE   642,500 0 0
LILLY ELI & CO Common 532457108 18,593 269,500 SH   SOLE   269,500 0 0
LOCKHEED MARTIN Common 539830109 22,531 117,000 SH   SOLE   117,000 0 0
MDU RESOURCES GROUP INC Common 552690109 6,862 292,000 SH   SOLE   292,000 0 0
MCDONALDS CORP Common 580135101 27,210 290,400 SH   SOLE   290,400 0 0
MERCK & CO INC Common 58933Y105 15,418 271,500 SH   SOLE   271,500 0 0
MERCURY GENERAL CORP Common 589400100 43,364 765,200 SH   SOLE   765,200 0 0
NORFOLK SOUTHERN CO Common 655844108 11,728 107,000 SH   SOLE   107,000 0 0
NORTHWEST NATURAL GAS CO Common 667655104 11,901 238,500 SH   SOLE   238,500 0 0
NUCOR CORP Common 670346105 20,944 427,000 SH   SOLE   427,000 0 0
OCCIDENTAL PETROLEUM CORP Common 674599105 10,713 132,900 SH   SOLE   132,900 0 0
PPL CORP Common 69351T106 10,568 290,900 SH   SOLE   290,900 0 0
PEPCO HOLDING INC Common 713291102 7,527 279,501 SH   SOLE   279,501 0 0
PEPSICO INC Common 713448108 17,702 187,200 SH   SOLE   187,200 0 0
PFIZER INC Common 717081103 39,280 1,261,000 SH   SOLE   1,261,000 0 0
PHILIP MORRIS INTERNATIONAL Common 718172109 31,619 388,200 SH   SOLE   388,200 0 0
PIEDMONT NATURAL GAS CO Common 720186105 9,076 230,300 SH   SOLE   230,300 0 0
PROCTER & GAMBLE CO Common 742718109 30,060 330,000 SH   SOLE   330,000 0 0
PUBLIC SERVICE ENTERPRISE Common 744573106 10,290 248,500 SH   SOLE   248,500 0 0
QUESTAR CORP Common 748356102 12,792 506,000 SH   SOLE   506,000 0 0
RPM INTERNATIONAL Common 749685103 9,635 190,000 SH   SOLE   190,000 0 0
RAYTHEON CO Common 755111507 20,444 189,000 SH   SOLE   189,000 0 0
ROYAL DUTCH SHELL ADR Common 780259107 51,906 746,200 SH   SOLE   746,200 0 0
SCANA CORP Common 80589M102 8,202 135,800 SH   SOLE   135,800 0 0
SONOCO PRODUCTS Common 835495102 18,529 424,000 SH   SOLE   424,000 0 0
SOUTHERN COMPANY Common 842587107 11,084 225,700 SH   SOLE   225,700 0 0
SYSCO CORP Common 871829107 24,171 609,000 SH   SOLE   609,000 0 0
TECO ENERGY INC Common 872375100 10,788 526,500 SH   SOLE   526,500 0 0
TARGET CORP Common 87612E106 18,712 246,500 SH   SOLE   246,500 0 0
TEXAS INSTRUMENTS INC Common 882508104 14,970 280,000 SH   SOLE   280,000 0 0
3M CO Common 88579Y101 16,925 103,000 SH   SOLE   103,000 0 0
UIL HOLDINGS CORP Common 902748102 11,969 274,900 SH   SOLE   274,900 0 0
UNITED PARCEL SERVICES INC Common 911312106 8,449 76,000 SH   SOLE   76,000 0 0
VECTREN CORP Common 92240G101 7,260 157,044 SH   SOLE   157,044 0 0
VERIZON COMMUNICATIONS INC Common 92343V104 75,409 1,612,000 SH   SOLE   1,612,000 0 0
WGL HOLDINGS INC Common 92924F106 12,721 232,900 SH   SOLE   232,900 0 0
WALGREENS BOOTS ALLIANCE Common 931427108 11,811 155,000 SH   SOLE   155,000 0 0
WASTE MANAGEMENT INC Common 94106L109 17,485 340,700 SH   SOLE   340,700 0 0
WESTAR ENERGY INC Common 95709T100 8,689 210,700 SH   SOLE   210,700 0 0
WISCONSIN ENERGY CORP Common 976657106 6,803 129,000 SH   SOLE   129,000 0 0
XCEL ENERGY CORP Common 98389B100 12,568 349,900 SH   SOLE   349,900 0 0
EATON CORP Common G29183103 8,291 122,000 SH   SOLE   122,000 0 0