Vectren Corporation operates as an energy holding company. The company’s wholly owned subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings), serves as the intermediate holding company for three public utilities, such as Indiana Gas Company, Inc. (Indiana Gas); Southern Indiana Gas and Electric Company (SIGECO); and Vectren Energy Delivery of Ohio, Inc. (VEDO). Indiana Gas provides energy delivery services to approximately 570,000 natural gas customers located in central and southern Indiana. SIGECO provides energy delivery services to approximately 142,000 electric customers and approximately 110,000 gas customers located near Evansville in southwestern Indiana. SIGECO also owns and operates electric generation assets to serve its electric customers and sells excess power into the MISO. VEDO provides energy delivery services to approximately 312,000 natural gas customers located near Dayton in west central Ohio. 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. Gas Utility Services As of December 31, 2013, the company supplied natural gas service to approximately 1,005,900 Indiana and Ohio customers, including 919,000 residential, 85,200 commercial, and 1,700 industrial and other contract customers. Average gas utility customers served were approximately 992,100 in 2013. The company’s service area contains 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 largest 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, 2013, the company supplied electric service to approximately 142,900 Indiana customers, including approximately 124,300 residential, 18,400 commercial, and 200 industrial and other customers. Average electric utility customers served were approximately 142,300 in 2013. The principal industries served include polycarbonate resin (Lexan) and plastic products; aluminum smelting and recycling; aluminum sheet products, automotive assembly, 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 three primary business areas, such as Infrastructure Services, Energy Services, and Coal Mining. 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 various utilities, including the company’s utilities, as well as other industries. Energy Services Performance-based energy contracting operations and sustainable infrastructure projects are performed through Energy Systems Group, LLC (ESG). 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 located throughout the Midwest, Mid-Atlantic, Southern, and Southwestern United States. Coal Mining The Coal Mining group owns coal mines and sells coal to the company’s utility operations and to other third parties through its wholly owned subsidiary, Vectren Fuels, Inc. The company owns three underground mines (Prosperity, Oaktown 1, and Oaktown 2) and one reclaimed surface mine (Cypress Creek). All mines are located in Indiana. All coal is high-to-mid sulfur bituminous coal from the Illinois Basin. The company engages contract mining companies to operate the coal mines. Energy Marketing The company has an investment in ProLiance, a nonutility affiliate of Vectren and Citizens. ProLiance’s customers included Vectren’s Indiana utilities, Citizens’ utilities, and others. Other Businesses The Other Businesses group includes various legacy, wholly owned operations and investments that have invested in energy-related opportunities and services, real estate, an utilized lease, and other investments. History Vectren Corporation was founded in 1912.
vectren corp (VVC:New York)
One Vectren Square
Evansville, IN 47708
|DCP Midstream Partners LP||$36.97 USD||-0.88|
|Great Plains Energy Inc||$30.06 USD||+0.50|
|Hawaiian Electric Industries Inc||$34.83 USD||+0.75|
|Newfield Exploration Co||$28.51 USD||+1.08|
|WGL Holdings Inc||$58.31 USD||+1.40|
|View Industry Companies|
Sponsored Financial Commentaries
To contact VECTREN CORP, please visit www.vectren.com. Company data is provided by Capital IQ. Please use this form to report any data issues.