Vectren 2009 Annual Report Download - page 2
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ENERGY MARKETING & SERVICES:
ProLiance Energy
Vectren Source
Vectren Corporation is an energy holding company headquartered in Evansville, Ind. Our nonutility
operations provide energy and energy-related services to customers throughout the Midwest, Southeast
and East Coast and support our core utility operations of gas and electric services.
Vectren At A Glance
NATURAL GAS:
Vectren North
Vectren South
Vectren Energy Delivery of Ohio
ELECTRIC:
Vectren South
COAL MINING:
Vectren Fuels
ENERGY INFRASTRUCTURE SERVICES:
Miller Pipeline
Energy Systems Group
Utility Operations
Nonutility Operations
Table of Contents
Financial and Operating Highlights ....................... 1
Letter to Shareholders .............................................. 2
Letter from the Chairman ......................................... 8
Form 10-K ................................................................... 9
Management’s Discussion and Analysis ........ 30
Financial Statements and Notes ......................64
5-Year Financial Review .......................................122
Performance Chart ................................................123
Directors and Ofcers ..........................................124
Shareholder Information .......................................IBC
Vectren Energy Delivery’s electric transmission and distribution services provide
electricity to more than 140,000 customers in southwestern Indiana. Power to
meet the needs of customers is generated by ve coal-red units (1,000 MW),
six peaking turbines (295 MW) and a renewable landll gas turbine (3 MW).
Power purchase agreements that include up to 80 MW of wind energy
provide additional capacity.
Miller provides underground pipeline construction and repair services for
natural gas, water and wastewater utilities.
ESG provides energy-saving performance contracting by designing facility
improvements that pay for themselves from energy savings and operational
improvements. ESG also designs, constructs, manages and owns renewable
energy projects.
Vectren Energy Delivery’s natural gas distribution businesses provide natural
gas service to nearly one million customers in adjoining service territories
that cover nearly two-thirds of Indiana and west central Ohio.
Fuels mines and sells coal to Vectren’s utility operations and to other third parties
from its existing underground mine, Prosperity, and its new underground mine,
Oaktown 1, which began production in early 2010. An additional underground
mine, Oaktown 2, is scheduled to begin production in 2011.
ProLiance’s primary businesses include gas marketing, gas portfolio optimization,
and other portfolio and energy management services which are provided to
a broad range of municipalities, utilities, industrial operations, schools and
healthcare institutions located throughout the Midwest and Southeast. ProLiance
also owns and develops midstream gas infrastructure.
Source provides natural gas and other related products and services in the
Midwest and Northeast to nearly 190,000 residential and commercial customers.