SKARBECK: Vectren deal is a huge winner for its shareholders
A tip of the cap to the board and management of Evansville-based Vectren on the sale of the company to Houston-based CenterPoint Energy.
Vectren Corp.
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2016 CFO of the Year: Susan Hardwick
The company’s first female executive, Susan Hardwick is a pioneer in a male-dominated business an she has been instrumental in recognizing and developing female and minority talent within the company.
Cranking out returns: Companies are using dividends to attract investors
Cummins Inc., Duke Realty Corp., Eli Lilly and Co., Simon Property Group Inc. and Vectren Corp. are among the prominent Indiana companies boosting their dividends in recent months. For a few companies, it’s the first increase in years.
OneAmerica supplants Vectren as Colts Radio Network title sponsor
Financial terms of the agreement between OneAmerica and the Indianapolis Colts were not disclosed, but sports marketers pegged it in the mid- to high-six-figure range over the duration of the deal.
Vectren offers rebate for using smart thermostat
Vectren, the gas utility serving most of central Indiana, will offer $100 rebates on WiFi-enabled programmable thermostats in 2015.
Vectren division sale costs 120 miners their jobs
Evansville-based Vectren Corp. says 120 southwestern Indiana coal miners will lose their jobs by month's end as the natural-gas utility completes the sale of its coal-mining subsidiary.
PROXY CORNER: Vectren Corp.
Evansville-based Vectren Corp. provides electricity and natural gas to residential, commercial, industrial and other contract customers in Indiana and Ohio.
Vectren to embark on $650M project, rate increases
The infrastructure work will upgrade the gas utility’s network across much of central Indiana.
Miller Pipeline plans $5.3M expansion, more jobs
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.
Vectren: Coal-gas plant to cost Indiana consumers $1B
The Evansville-based utility estimates all residential gas customers would see their gas bills increase an average of $3.90 per month for eight years—for a total cost of $375 per consumer.
Vectren agrees to settlement in Indiana gas explosion
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.
Utility exec: Coal-gas plant’s ‘time has passed’
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."
ProLiance might go on block
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.
Vectren locks out union workers in dispute
Vectren has locked out 270 union workers at several Indiana worksites after the union rejected a proposed three-year-contract.
Gas utilities expect heating bills similar to last year
Citizens Gas says that if winter temperatures are normal, Marion County customers will pay just a few dollars more on their heating bills this winter, compared to last year.
Gas distributors oppose $2.7B Rockport gasification plant
Six gas-distribution companies have urged regulators to reject a state plan that would force residential natural-gas customers to effectively subsidize a $2.7 billion coal gasification project proposed for Rockport.
Ex-Rep. Ellsworth to lead Vectren subsidiary
Former U.S. Rep. Brad Ellsworth will join utility holding company Vectren Corp. as president of Vectren Energy Delivery of Indiana-North, the company said Thursday.
Vectren’s third-quarter profit, revenue dive
Evansville-based energy company Vectren Corp. reported a 47-percent drop in profit for its fiscal third quarter.