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Vectren Corp.

Publié le 18 février 2015

Gas pipeline upgrades underway in West Lafayette; to begin in Lafayette

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Gas pipeline upgrades underway in West Lafayette; to begin in Lafayette

Vectren CEO Niel Ellerbrook greeted Makaila Blackburn and her 35 first-grade students of Highland Elementary Wednesday morning with a $10,000 check

News

Release

Vectren Corporation

One Vectren Square

Evansville, IN 47708

Feb. 18, 2015

FOR IMMEDIATE RELEASE

Media contact: Natalie Hedde, 812-491-5105 or [email protected]

Gas pipeline upgrades underway in West Lafayette; to begin in Lafayette

Lafayette, Ind. - Contract crews working for Vectren Energy Delivery (Vectren) have begun replacing gas mains and service lines in West Lafayette and will soon begin in Lafayette as part of the company's pipeline replacement program, which is a multi-year program to replace about 1,300 miles of bare steel and cast iron pipeline infrastructure throughout Indiana. In these cities, $3 million will go toward retiring nearly five miles of gas main
and more than 430 service lines in 2015. Since 2008, more than 18 miles have been replaced within the cities. Vectren intends to replace a combined total of 37 miles in these cities over the next several years.
"To ensure the continued reliability of our natural gas pipeline systems and service, Vectren has undertaken a program to replace essentially all of our bare steel and cast iron pipeline infrastructure in addition to other improvements to our natural gas delivery system," said Mike Roeder, Vectren Energy Delivery of Indiana-North president. "These infrastructure enhancements are vital to meeting federal requirements and ensuring the continued safety of our system for decades to come."
The following streets will be affected during the first project in Lafayette: 10th Street, 11th Street, 12th Street, 14th Street, Adams Street and Well Street. Streets affected during the first project in West Lafayette will include: Salisbury Street, Stadium Drive, Grant Street and Sylvia Street. Visit the Active Projects tab on www.vectren.com/pipelinereplacement to view maps of additional streets in these areas where construction will take place in 2015.
In most cases, a polyethylene (plastic) system is being installed to replace the current bare steel and cast iron gas pipeline system. First, the gas main, which is a gas pipeline that ranges in size from 2" to 8" and is often underneath the street or sidewalk, will be replaced within the right-of-way, and then the service lines running directly to homes and businesses will be replaced. Upon completion of the project, affected yards, sidewalks and streets will be restored.
"Construction for these pipeline projects may take several weeks to complete, and times may vary based on the size of the project, weather, ground surface/soil and other situations that may arise," said Roeder. "Please be assured that Vectren and its contractors will make every effort to complete each project as quickly as possible and minimize impact to customers and the community."
Prior to service replacement, a Vectren representative will contact customers to provide an overview of the required work. Vectren reminds residents to please keep the following in mind:
Please exercise caution when driving through the construction zones.
We urge residents and their children to keep a safe distance away from any work zones.
Lafayette and West Lafayette are two of nearly 75 cities in Indiana undergoing this type of pipeline replacement. Since 2008, more than 250 miles of gas mains have been replaced in the Vectren North territory, which has led to a reduction in leak calls and natural gas emissions from the distribution system. For more information about Vectren's gas infrastructure modernization program, visit Vectren.com/modernization.

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 1 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 U.S. These include infrastructure services and energy services. To learn more about Vectren, visit www.vectren.com.
- end -

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Vectren Corp.

CODE : VVC
ISIN : US92240G1013
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Vectren est une société développant des projet miniers basée aux Etats-Unis D'Amerique.

Vectren est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,2 millions US$ (3,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 01 décembre 1995 à 9,94 US$, et son plus bas niveau récent le 12 avril 2024 à 0,05 US$.

Vectren possède 83 040 212 actions en circulation.

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