Vectren profit slips on lower gas sales, special charge

February 1, 2007

Vectren Corp., the Evansville-based natural gas utility that serves much of central Indiana outside of Marion County, said profit fell 31.3 percent, to $34.9 million, in the fourth quarter.

The decline was blamed on customers using less gas and settling a lawsuit with ProLiance Energy LLC. For the year, profit fell to $108.8 million from $136.8 million.

Vectren also said it has named Purdue University President Martin Jischke to its board.

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