Vectren

Fee approved for Vectren to replace Indiana pipes

September 1, 2014
Associated Press
The approval from the Indiana Utility Regulatory Commission gives Vectren permission to charge a monthly fee to cover 80 percent of the project's estimated $865 million cost. The fee will show up on customer bills starting in 2015 and continue through 2021.
More

PROXY CORNER: Vectren Corp.Restricted Content

July 19, 2014
Evansville-based Vectren Corp. provides electricity and natural gas to residential, commercial, industrial and other contract customers in Indiana and Ohio.
More

Vectren selling its coal-mining subsidiary for $296M

July 2, 2014
Associated Press
One of Indiana's largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners' jobs at risk.
More

Rockport plant might not be dead, after all

February 17, 2014
Dan Human
A controversial power plant planned for southern Indiana has quickly and quietly moved forward after developers said they no longer planned to pursue the project.
More

Gas utilities warn of big January bill increases

January 30, 2014
Dan Human
Natural gas customers in central Indiana will pay $30 to $50 more than a year ago when they receive their January gas bills because of the unusually cold weather.
More

Vectren to embark on $650M project, rate increases

November 26, 2013
Mason King
The infrastructure work will upgrade the gas utility's network across much of central Indiana.
More

Three Indiana gas utilities face pipeline safety fines

July 26, 2013
Associated Press
The Indiana Utility Regulatory Commission says Northern Indiana Public Service Co., Vectren and Citizens Gas didn't follow procedures and keep accurate pipeline records.
More

ProLiance Energy sold to Dallas company

June 19, 2013
Chris O'Malley
Indianapolis-based ProLiance Energy, which has lost tens of millions of dollars in recent years amid falling natural gas prices, is being sold to Dallas-based Energy Transfer Partners.
More

Miller Pipeline plans $5.3M expansion, more jobs

June 5, 2013
 IBJ Staff
The Indianapolis-based subsidiary of Vectren Corp. plans to construct a 52,000-square-foot building at its 34-acre corporate campus at 8850 Crawfordsville Road.
More

Developers suspend most Rockport gas plant work

April 30, 2013
Associated Press
Indiana Gasification project manager Mark Lubbers told the Evansville Courier & Press that neither the General Assembly nor Gov. Mike Pence support the project.
More

Bill could be hurdle for proposed $2.8B synthetic gas plant

January 15, 2013
Chris O'Malley
Under the legislation, state utility regulators could order Indiana Gasification LLC to make refunds to gas customers every three years if the price of synthetic gas it produces from coal is greater than the market price of natural gas over the period.
More

Vectren digs in to fight gas plantRestricted Content

January 12, 2013
Chris O'Malley
A synthetic natural gas plant proposed downstate need only tweak its contract with would-be gas purchaser Indiana Finance Authority to comply with an October court ruling and to proceed with the project, Indiana Gasification said in a recent filing with the Indiana Court of Appeals. But opponents of the plant, led by Evansville-based gas and electric utility Vectren, immediately objected.
More

Vectren agrees to settlement in Indiana gas explosion

September 25, 2012
Associated Press
Vectren Corp. has agreed to pay $75,000 in penalties and take other steps in response to a natural gas explosion that destroyed a southern Indiana home and injured five people.
More

Utility exec: Coal-gas plant's 'time has passed'

February 14, 2012
Associated Press
A utility executive told a legislative committee Tuesday that a drop in natural gas prices as a result of the nation's shale-gas boom have made a proposed southern Indiana coal-gasification plant a project "whose time has passed."
More

ProLiance might go on blockRestricted Content

January 14, 2012
Chris O'Malley
Indianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake in the company.
More

Vectren locks out union workers in dispute

December 17, 2011
Associated Press
Vectren has locked out 270 union workers at several Indiana worksites after the union rejected a proposed three-year-contract.
More

Vectren's plan to close field offices fuels complaint

June 7, 2011
Chris O'Malley
Unions and public safety officials allege the utility's move to home-based crews could delay responses to emergencies and reduce safety.
More

Bill would give CO2 pipeline firms right to take private land

January 25, 2010
Chris O'Malley
A consumer group opposing Senate Bill 115 argues the measure is yet another concession to the developer of a coal-to-methane plant proposed in Rockport.
More

With utilities under pressure, shareholders unite

January 16, 2010
 IBJ Staff
The Indiana Utility Shareholders Association aims to be the “collective voice” of investors in four of the big utilities operating in Indiana.
More

Miller Pipeline purchases Illinois-based contractor

December 7, 2009
Indianapolis-based Miller Pipeline Corp. announced Monday morning that it has purchased Illinois-based Elcon Pipeline Inc., marking the company’s fifth acquisition in the past four years.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

ADVERTISEMENT