- Business
- Vectren Corporation Vectren Corporation (VVC) operates as a former Fortune 1000 energy holding company headquartered in Evansville, Indiana, with roots tracing to mergers in 1999-2000 of Indiana Gas Company (formed 1941) and Southern Indiana Gas and Electric Company (SIGECO, formed 1912); through utility subsidiaries including Vectren Energy Delivery of Indiana-North (Vectren North), Vectren Energy Delivery of Indiana-South (Vectren South), and Vectren Energy Delivery of Ohio (VEDO), it distributes natural gas to approximately one million business and residential customers across central and southwestern Indiana and western Ohio, as well as electricity to 141,000-145,000 customers in southwestern Indiana supported by 1,425 MW of primarily coal-fired generating capacity; non-utility operations encompass infrastructure services such as underground pipeline construction, repair, facilities locating, and meter reading; energy services including performance contracting, sustainable infrastructure like renewables, distributed generation, and combined heat and power projects; utility products, materials management, debt collections, and coal mining; it also previously offered broadband communications and energy-related opportunities targeting commercial, industrial, and municipal customers throughout the Midwest and Southeast. The company reorganized its operating utilities in 2010, renaming Indiana Gas to Vectren North and SIGECO to Vectren South, and expanded through acquisitions like Dayton Power and Light's natural gas assets in western Ohio in 2000 and Duke Energy's interest in Miller Pipeline in 2006. In its most significant recent development, Vectren Corporation merged with CenterPoint Energy, Inc. in a $6 billion all-cash transaction completed on February 1, 2019, under which Vectren shareholders received $72 per share plus a prorated dividend, leading to Vectren's delisting from the NYSE (ticker VVC ceased trading), integration of its operations into CenterPoint's portfolio serving over 7 million customers across eight states with combined assets of nearly $29 billion, retention of the Vectren brand for its service territories until its retirement on May 3, 2021, and ongoing divestitures such as CenterPoint's agreement in October 2025 to sell Vectren Energy Delivery of Ohio to National Fuel Gas Company. Post-merger, Vectren's regulated natural gas and electric delivery, along with competitive energy businesses like marketing, efficiency solutions, and pipeline services, continue under CenterPoint Energy's structure, with Indiana electric operations and natural gas headquarters remaining in Evansville.