Hot weather, rate increase propel Vectren profit

November 2, 2007
Vectren Corp. reported profit of $17.1 million in its third quarter, a 42-percent increase over the year-ago period. Revenue rose 12 percent, to $381.4 million.

The Evansville-based energy company attributed the increases to more air-conditioner use and its first electric base rate increase in 12 years.

Vectren provides utility service to most of the Indianapolis area outside Marion County.
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