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Vectren Corporation has
added a news release to its Investor Relations website.
Title: Vectren adds renewable energy to
generation portfolio
Date(s): 12/12/2007
For a complete listing
of our news releases, please click here
Evansville, Ind. -- Vectren
Energy Delivery of Indiana (Vectren) received approval last week from the
Indiana Utility Regulatory Commission (IURC) to add 30 megawatts (MW) of
wind energy from an Indiana wind farm to its generation portfolio. The
addition is expected to provide enough energy to power around 8,000 homes
annually.
"This green energy initiative allows us to diversify our electric
generation portfolio and meet a growing customer demand for alternative
energy sources," said Vectren Chairman and CEO Niel Ellerbrook.
"Ideally, this program, and others like it throughout the state,
should significantly aid the development of additional renewable energy
facilities in Indiana and around the country."
The wind farm, which is currently under construction in Benton County, Ind.,
is owned and operated by an independent power producer and is expected to
by completed by the summer of 2008.
The company is also seeking IURC approval to offer a Green Power program
through which customers will be able to voluntarily purchase, at a fixed
monthly charge, renewable energy for their homes or businesses. Likewise,
the company has filed to create a nonprofit agency, the Green Power
Community Trust, whose purpose will be to raise money and awareness for
renewable energy projects in southwestern Indiana. Customers will be able
to contribute to this nonprofit via their Vectren bill. Both initiatives
are pending regulatory approval.
"The wind purchase agreement will benefit Vectren's electric
customers and the environment as Indiana continues to address the need for
additional power," said Joan Soller, Electric Director for the Indiana
Office of Utility Consumer Counselor. "We are pleased to see this
agreement move forward and support Vectren's additional renewable energy
efforts, as well as those from Indiana's other major electric
utilities."
Vectren's electric utility serves all of portions of seven counties in
southwestern Indiana, including Dubois, Gibson, Pike, Posey, Spencer,
Vanderburgh and Warrick.
About Vectren
Vectren Corporation (NYSE: VVC) is an energy holding company
headquartered in Evansville, Ind. Vectren's energy delivery subsidiaries
provide gas and/or electricity to more than one million customers in
adjoining service territories that cover nearly two-thirds of Indiana and west
central Ohio. 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. To learn
more about Vectren, visit www.vectren.com.
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Media contact: Chase Kelley, (812) 491-4128 kckelley@vectren.com
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