Profile: Vectren Corp (VVC)
16 Feb 2018
Vectren Corporation (Vectren), incorporated on June 10, 1999, is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company's subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc. (VEDO). The Company, through Vectren Enterprises Inc. (Enterprises), is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair services. Energy Services provides energy performance contracting and sustainable infrastructure, such as renewables, distributed generation, and combined heat and power projects.
The Utility Group consists of the Company's regulated operations and other operations that provide information technology and other support services to those regulated operations. The Company segregates its regulated operations into a Gas Utility Services operating segment and an Electric Utility Services operating segment. The Gas Utility Services segment includes the operations of Indiana Gas, VEDO and SIGECO's natural gas distribution business and provides natural gas distribution and transportation services in Indiana and to Ohio, primarily in the west-central area. The Electric Utility Services segment includes the operations of SIGECO's electric transmission and distribution services, which provides electric transmission and distribution services to southwestern Indiana, and includes its power generating and wholesale power operations.
As of December 31, 2016, the Company supplied natural gas service to approximately 1,028,300 Indiana and Ohio customers, including 940,500 residential, 86,100 commercial, and 1,700 industrial and other contract customers. The Company's service area contains manufacturing and agriculture-related enterprises. The principal industries served include automotive assembly, parts and accessories; feed, flour and grain processing; metal castings, plastic products; gypsum products; electrical equipment, metal specialties, glass and steel finishing; pharmaceutical and nutritional products; gasoline and oil products; ethanol, and coal mining. As of December 31, 2016, the Company supplied electric service to approximately 145,000 Indiana customers, including approximately 126,200 residential, 18,600 commercial, and 200 industrial and other customers.
The Company is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair to utility infrastructure through its subsidiaries, Miller Pipeline, LLC (Miller) and Minnesota Limited, LLC (Minnesota Limited). Infrastructure Services provides services to various utilities, including the Company's utilities, as well as other industries.
In energy services, performance-based energy contracting operations and infrastructure, such as distributed generation and combined heat and power projects, are performed through Energy Systems Group, LLC (ESG), which is a subsidiary of the Company. ESG assists schools, hospitals, governmental facilities and other private institutions. ESG is also involved in developing infrastructure projects. ESG's customer base is primarily located throughout the Midwest, Mid-Atlantic, Southern and Southwestern United States.
1 Vectren Sq
EVANSVILLE IN 47708-1209