Vectren
Encyclopedia
Vectren Corporation is an energy holding company headquartered in Evansville, Indiana
. Through its utility subsidiaries (Indiana Gas Company, Southern Indiana Gas and Electric, and Vectren Energy Delivery of Ohio), the company distributes natural gas
to approximately one million business and residential customers in Indiana
and Ohio
. It also distributes electricity to 141,000 customers and has 1,425 MW of primarily coal-fired generating capacity in Indiana. Vectren's nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the Midwest and Southeast. These include gas marketing and related services, coal production and sales, and energy infrastructure services. It is a Fortune 1000
company with $4.3 billion in assets.
in western Ohio.
In the fall of 2006, the company purchased Duke Energy Corporation's interest in the Miller Pipeline Corporation
.
Vectren North provides energy delivery services to 570,000 natural gas customers located in central and southern Indiana. Vectren South provides energy delivery services to 142,000 electric customers and 111,000 gas customers located in southwestern Indiana. Vectren South also owns and operates electric generation to serve its electric customers and optimizes those assets in the wholesale power market. VEDO provides energy delivery services to approximately 314,000 natural gas customers located in west central Ohio.
Vectren's total generation is nearly 1,300 megawatts (MW) and includes 1,000 MW of coal-fired generation, 295 MW of gas-fired generation and 3.2 MW of landfill gas
-fired power. In addition, the company has 30 MW of purchased wind power and another 100 MW of purchased power. Furthermore, interruptible load and demand side management initiatives can yield more than 60 MW of energy savings to meet peak demand if needed.
project development (Energy Systems Group). Energy Marketing markets natural gas (ProLiance Energy) and retail products and services (Vectren Source). Coal Mining mines and sells coal (Vectren Fuels).
Through the Vectren Foundation, the company provides support to four major areas within its service territory – education, arts and culture, civic, and health and human services.
NFL football team; the network is referred to on-air as the "Vectren Radio Network".
As well they also sponsors the annual "Vectren Dayton Air Show"
Evansville, Indiana
Evansville is the third-largest city in the U.S. state of Indiana and the largest city in Southern Indiana. As of the 2010 census, the city had a total population of 117,429. It is the county seat of Vanderburgh County and the regional hub for both Southwestern Indiana and the...
. Through its utility subsidiaries (Indiana Gas Company, Southern Indiana Gas and Electric, and Vectren Energy Delivery of Ohio), the company distributes natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
to approximately one million business and residential customers in Indiana
Indiana
Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...
and Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
. It also distributes electricity to 141,000 customers and has 1,425 MW of primarily coal-fired generating capacity in Indiana. Vectren's nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the Midwest and Southeast. These include gas marketing and related services, coal production and sales, and energy infrastructure services. It is a Fortune 1000
Fortune 1000
Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. The list is of the 1000 largest American companies, ranked on revenues alone...
company with $4.3 billion in assets.
History
The company was formed from the merger of Indiana Gas Company (formed 1941) and Southern Indiana Gas and Electric Company (SIGECO, formed 1912). The two utilities' holding companies, Indiana Energy and SIGCORP, announced plans to merge in June 1999, and received final approval on March 9, 2000. In the fall of 2000, Vectren also acquired the natural gas distribution assets of Dayton Power and Light CompanyDPL Inc.
DPL Inc. through its subsidiary The Dayton Power and Light Company is a public utility that sells electricity to residential, commercial, industrial, and governmental customers in a area of West Central Ohio....
in western Ohio.
In the fall of 2006, the company purchased Duke Energy Corporation's interest in the Miller Pipeline Corporation
Miller Pipeline Corporation
Miller Pipeline Corporation, headquartered in Indianapolis, Indiana, is a natural gas distribution, transmission pipeline and utility contracting company...
.
Utilities
Vectren's wholly owned subsidiary, Vectren Utility Holdings, Inc., serves as the intermediate holding company for three operating utilities: Vectren Energy Delivery of Indiana - North (Vectren North), Vectren Energy Delivery of Indiana - South (Vectren South) and Vectren Energy Delivery of Ohio (VEDO).Vectren North provides energy delivery services to 570,000 natural gas customers located in central and southern Indiana. Vectren South provides energy delivery services to 142,000 electric customers and 111,000 gas customers located in southwestern Indiana. Vectren South also owns and operates electric generation to serve its electric customers and optimizes those assets in the wholesale power market. VEDO provides energy delivery services to approximately 314,000 natural gas customers located in west central Ohio.
Vectren's total generation is nearly 1,300 megawatts (MW) and includes 1,000 MW of coal-fired generation, 295 MW of gas-fired generation and 3.2 MW of landfill gas
Landfill gas
Landfill gas is a complex mix of different gases created by the action of microorganisms within a landfill.-Production:Landfill gas production results from chemical reactions and microbes acting upon the waste as the putrescible materials begins to break down in the landfill...
-fired power. In addition, the company has 30 MW of purchased wind power and another 100 MW of purchased power. Furthermore, interruptible load and demand side management initiatives can yield more than 60 MW of energy savings to meet peak demand if needed.
Nonutility Subsidiaries and Affiliates
Vectren's nonutility group is involved in four primary business areas: Infrastructure Services, Energy Services, Energy Marketing and Coal Mining. Infrastructure Services provides underground construction, repair, and replacement services (Miller Pipeline). Energy Services provides energy performance contracting services and renewable energyRenewable energy
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
project development (Energy Systems Group). Energy Marketing markets natural gas (ProLiance Energy) and retail products and services (Vectren Source). Coal Mining mines and sells coal (Vectren Fuels).
Through the Vectren Foundation, the company provides support to four major areas within its service territory – education, arts and culture, civic, and health and human services.
Sponsorships
Vectren sponsors the radio network of the Indianapolis ColtsIndianapolis Colts
The Indianapolis Colts are a professional American football team based in Indianapolis. They are currently members of the South Division of the American Football Conference in the National Football League ....
NFL football team; the network is referred to on-air as the "Vectren Radio Network".
As well they also sponsors the annual "Vectren Dayton Air Show"