We are very pleased to report that we are well on our way to achieving the investment objectives we set forth in our May 2005 initial public offering.

We are very pleased to report that we are achieving the investment objectives we pioneered upon our IPO in February 2004. Last year our total return, based on market value, was 13.06 percent.

It is tough for coaches to have to follow two separate state guidelines. We've had to follow the rules for both the MSHSL and the WIAA, and maybe this (move) would eliminate some of the problems.

I really think it's a positive move.

The community will benefit from your investment.

The growth that the state is experiencing requires us to pursue increased investment. Given our obligation to serve, there isn't another option. Electric rates are still an excellent value and will remain so even if the company gets the full effect of the increase. Rates on average will still be lower than they were 20 years ago.