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Last $38.94 USD
Change Today -1.29 / -3.21%
Volume 627.0K
As of 6:40 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Vectren Square

Evansville, IN 47708

United States

Phone: 812-491-4000

Fax:

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company’s wholly owned subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO), and Vectren Energy Delivery of Ohio, Inc. (VEDO). Utility Holdings also has other assets that provide information technology and other services to the three utilities. Operations The company segregates its operations into three groups: Utility Group, Nonutility Group, and Other. Utility Group The Utility Group consists of the company’s regulated operations and other operations that provide information technology and other support services to those regulated operations. The company segregates its regulated operations into a Gas Utility Services operating segment and an Electric Utility Services operating segment. The Gas Utility Services segment includes the operations of Indiana Gas, VEDO, and SIGECO’s natural gas distribution business, and provides natural gas distribution and transportation services to approximately two-thirds of Indiana and to west central Ohio. The Electric Utility Services segment includes the operations of SIGECO’s electric transmission and distribution services, which provides electric transmission and distribution services to southwestern Indiana, and includes its power generating and wholesale power operations. In total, these regulated operations supply natural gas and/or electricity to approximately 1 million customers. Gas Utility Services As of December 31, 2014, the company supplied natural gas service to approximately 1,011,100 Indiana and Ohio customers, including 924,000 residential, 85,400 commercial, and 1,700 industrial and other contract customers. The company’s service area contains diversified manufacturing and agriculture-related enterprises. The principal industries served include automotive assembly, parts and accessories; feed, flour and grain processing; metal castings, aluminum products, polycarbonate resin (Lexan) and plastic products; gypsum products; electrical equipment, metal specialties, glass and steel finishing; pharmaceutical and nutritional products; gasoline and oil products; ethanol; and coal mining. The major Indiana communities served are Evansville, Bloomington, Terre Haute, suburban areas surrounding Indianapolis and Indiana counties near Louisville, Kentucky. The largest community served outside of Indiana is Dayton, Ohio. Electric Utility Services As of December 31, 2014, the company supplied electric service to approximately 143,300 Indiana customers, including approximately 124,600 residential, 18,500 commercial, and 200 industrial and other customers. The principal industries served include polycarbonate resin (Lexan) and plastic products; aluminum smelting and recycling; aluminum sheet products, automotive assembly, and steel finishing; pharmaceutical and nutritional products; automotive glass; gasoline and oil products; ethanol; and coal mining. Nonutility Group The company is involved in nonutility activities in two primary business areas, such as Infrastructure Services and Energy Services. Infrastructure Services: Infrastructure Services provides underground pipeline construction and repair to utility infrastructure through its wholly owned subsidiaries, Miller Pipeline, LLC (Miller) and Minnesota Limited, LLC (Minnesota Limited). Infrastructure Services provides services to utilities, including the company’s utilities, as well as other industries. Energy Services: Performance-based energy contracting operations and sustainable infrastructure, such as distributed generation and combined heat and power projects, are performed through Energy Systems Group, LLC (ESG), which is a wholly owned subsidiary of the company. The company, through ESG, purchased the federal business unit of Chevron Energy Solutions (CES). ESG assists schools, hospitals, governmental facilities, and other private institutions to reduce energy and maintenance costs by upgrading their facilities with energy-efficient equipment. ESG is also involved in developing sustainable infrastructure projects, including projects to process landfill gas into usable natural gas and electricity. ESG’s customer base is primarily located throughout the Midwest, Mid-Atlantic, Southern and Southwestern United States. Coal Mining: In 2014, the company announced that it had reached an agreement to sell its wholly owned coal mining subsidiary, Vectren Fuels, Inc. to Sunrise Coal, LLC (Sunrise Coal) an Indiana-based wholly owned subsidiary of Hallador Energy Company. Sunrise Coal owns and operates coal mines in the Illinois Basin. History Vectren Corporation was founded in 1912. The company was incorporated under the laws of Indiana in 1999.

 

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