The Ports of Indiana handled 8.1 million tons of cargo in 2011, the largest annual tonnage since 2006. New ethanol and dried distillers grains (DDGs) shipments combined with gains in limestone, salt and steel cargoes fueled a 5 percent increase in total shipments moving through Indiana’s three ports. “Despite continued economic uncertainties, this was the fourth consecutive year our... Read more
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Ports of Indiana handles largest annual tonnage in five years
January 20 | Posted by admin | Business, News Tags: indiana tonnage, Port of Indiana-Burns Harbor, Port of Indiana-Jeffersonville, Port of Indiana-Mount Vernon, ports of indiana
EPA Requirements on Mercury, Other Emissions Finalized; Vectren’s Electric Generation Well-Positioned to Comply
January 17 | Posted by admin | Business Tags: epa, MATS, Mercury and Air Toxics Standards, U.S. Environmental Protection Agency, VectrenEVANSVILLE, IN — (MARKET WIRE) — 01/17/12 — As expected, the U.S. Environmental Protection Agency (EPA) finalized more stringent rules last month via the Mercury and Air Toxics Standards (MATS), which regulates emissions of mercury and other pollutants. Given Vectren’s (NYSE: VVC) significant investment in emissions control equipment over the past decade, the utility is in a position... Read more
October 2011 Indiana Employment Report
November 23 | Posted by admin | Business, News Tags: employment, indiana employment rates, indiana unemployment, october 2011 employment rateINDIANAPOLIS – More Hoosiers are rejoining the labor force, and the preliminary seasonally-adjusted unemployment rate moved slightly from 8.9 percent to 9.0 percent in October. The U.S. rate declined from 9.1 percent to 9.0 percent this month. Indiana’s unemployment rate is equal to or lower than all of our neighboring states for the ninth month in a row.... Read more
Vectren Releases First Corporate Sustainability Report
November 9 | Posted by admin | Business Tags: Sustainability In Practice, Sustainability Report, vectren corporationVectren Corporation (NYSE: VVC) has released its first corporate sustainability report, Sustainability In Practice, which illustrates the company’s commitment to the environment and the communities it serves, as well as investors and employees. The report profiles Vectren’s efforts to grow its well-diversified business in economically, environmentally and socially sustainable ways by detailing recent upgrades in emissions control equipment, efforts... Read more
Vectren Corporation Reports Results as of September 30, 2011
November 4 | Posted by admin | Business Tags: Vectren, vectren corporation, vectren quarterly resultsVectren Corporation (NYSE: VVC) today reported net income for the nine months ended Sept. 30, 2011, of $95.0 million or $1.16 per share, compared to net income of $88.3 million, or $1.09 per share for the same period in 2010. Summary results Year to date in 2011, utility earnings were $92.8 million, or $1.13 per share, compared to $90.3 million,... Read more
Vectren seeks IURC approval to modify natural gas purchasing strategy to lock in low prices, adapt to changes in market conditions
November 3 | Posted by admin | Business, News Tags: IURC, natural gas purchasing, Vectren, vectren corporationEvansville, Ind. – In an effort to adapt to changing natural gas pricing market conditions, Vectren Energy Delivery of Indiana (Vectren) has filed a proposal with the Indiana Utility Regulatory Commission (IURC) to modify its current natural gas purchasing strategy. The abundance of U.S. shale gas production has increased the availability of the U.S. natural gas supply to levels... Read more
Vectren Announces Dividend Increase
November 2 | Posted by admin | Business Tags: quarterly dividend, VectrenVectren Corporation (NYSE: VVC) announced the Board of Directors has declared a quarterly common stock dividend of 35 cents per share, a 1/2 cent increase over the previous quarter. This marks the 52nd consecutive year the annual dividends paid by Vectren and its predecessor companies have increased. The dividend will be payable December 1, 2011 to shareholders of... Read more
Vectren Utility Holdings Prices $100 Million of Senior Unsecured Notes
October 21 | Posted by admin | Business Tags: senior unsecured notes, Vectren, vectren utility holdingsVectren Corporation (NYSE: VVC) today announced that its subsidiary, Vectren Utility Holdings, Inc. (“VUHI”), priced $100 million of its senior unsecured notes. The notes were sold to various institutional investors through the private placement market. VUHI will be issuing $100 million of 5.00 percent senior notes due February 3, 2042. The proceeds received from the issuance of the... Read more
GBT USA to Produce Wind Turbine Blade Molds at Park 41 in Evansville
September 13 | Posted by admin | Business, News Tags: Evansville, GBT, GBT USA, global blade technology, jobs, wind turbine bladesCompany will invest $3.5 million, create 40 new jobs; may invest $40 million and create 400 new jobs with future full-scale production project (EVANSVILLE, IN) – September 13, 2011 – Evansville Mayor Jonathan Weinzapfel announced today that GBT USA, Inc., a wind turbine blade technology company that is a wholly-owned subsidiary of Netherlands-based Global Blade Technology, will establish its... Read more
Vectren Receives Approval to Continue Indiana Natural Gas Energy Efficiency Programs
August 18 | Posted by admin | Business, News Tags: indiana natural gas, VectrenEVANSVILLE, IN — (MARKET WIRE) — 08/18/11 — Vectren Energy Delivery of Indiana (Vectren) (NYSE: VVC) received approval today from the Indiana Utility Regulatory Commission (IURC) to extend its natural gas energy efficiency programs known as Conservation Connection for another four years. Having originally received IURC approval in 2006 as the product of a collaboration between Vectren and... Read more
