Vectren Corporation has added a news release to its Investor Relations website. Title: Vectren Prepared To Meet Summer Electric Demand, Customers Now Receiving Wind Power
Date: 6/3/2008 4:50:00 PM
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EVANSVILLE, Ind., June 3 /PRNewswire-FirstCall/ -- Vectren Energy Delivery
of Indiana (Vectren) reported Tuesday it is prepared to meet summer demand of
its electric customers in southwestern Indiana. In addition, the company
announced that wind turbines in Benton County, Ind., from which Vectren
contracted to purchase 30 megawatts (MW) of power last year, are now online,
and Vectren customers are officially receiving renewable energy.
In a presentation to the Indiana Utility Regulatory Commission, Vectren
reported its total capacity of more than 1,490 megawatts (MW) is adequate to
meet a projected peak demand of about 1,250 MW. The reserve margin includes
1,430 MW of generation capacity and purchasing ability in addition to
interruptible load and demand side management initiatives, such as the
company's Summer Cycler program, that could yield more than 60 MW if needed.
"Our coal-fired units, which produce the majority of our system's
electricity, allow us to be confident that we will meet our customers' needs
this summer," said Carl Chapman, Vectren's president and chief operating
officer. "Furthermore, power purchase agreements and demand side management
activities will ensure reliability during peak times, and the recent addition
of wind power certainly complements our generation portfolio and helps meet a
growing customer demand for renewable energy."
Electric customers who enroll in the Summer Cycler program can receive a
total of $28 or more in bill credits for the summer cooling season. Summer
Cycler, a voluntary energy management program that briefly cycles off select
appliances in the home during periods of peak electricity demand, will offer a
$5 monthly credit for each electric air conditioning unit or heat pump
enrolled in the program and $2 for each electric water heater from June
through September.
To enroll in this free program or learn about energy efficiency tips to
help reduce energy consumption, call Vectren's Conservation Connection at
1-866-240-8476 or visit www.vectren.com .
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 .
SOURCE Vectren Corporation
-0- 06/03/2008
/CONTACT: Chase Kelley of Vectren Corporation, +1-812-491-4128,
kckelley@vectren.com /
/Web site: http://www.vectren.com /
(VVC)
CO: Vectren Corporation
ST: Indiana, Ohio
IN: OIL UTI ENV
SU: PDT RCY
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6748 06/03/2008 16:50 EDT http://www.prnewswire.com
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