Vectren Energy Delivery (Vectren) is a subsidiary of CenterPoint Energy, headquartered in Houston, Texas. Vectren provides gas and/or electricity to more than 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and about 20% of Ohio, primarily in the west-central area.
Vectren utility operations delivers gas and/or electricity to more than one million customers in adjoining service territories that cover two-thirds of Indiana and west central Ohio. Vectren is also a low-cost provider of wholesale electricity to other utilities and power marketers in the Midwest.
Vectren Energy Delivery of Indiana - North provides energy delivery services to 580,000 natural gas customers located in central and southern Indiana. Vectren Energy Delivery of Indiana - South provides energy delivery services to 144,000 electric customers and 111,000 gas customers located in southwestern Indiana. Vectren Energy Delivery of Indiana - South also owns and operates electric generation to serve its electric customers and optimizes those assets in the wholesale power market. Energy Delivery of Ohio provides energy delivery services to approximately 314,000 natural gas customers located in west central Ohio.
Vectren's electric customers are served by a mixed portfolio of 1,000 megawatts (MW) of coal-fired generation and up to 245 MW of gas-fired generation, along with 3 MW from a landfill gas to electric project and 80 MW of wind power. Also, purchases from the Ohio Valley Electric Corporation (OVEC) of up to 32 MW and additional load from the Midcontinent Independent System Operator (MISO) power pool occasionally supplement Vectren load requirements. Furthermore, interruptible load and demand side management initiatives can yield more than 60 MW of energy savings to meet peak demand if needed.
CenterPoint Energy (NYSE: CNP) is an energy delivery company with regulated electric and natural gas utility businesses and competitive businesses. Our customer-focused services range from transmission and distribution, pipeline construction, on-site energy-efficiency projects and construction to delivered natural gas services before and after the gas meter to customers large and small. CenterPoint Energy employs more than 14,000 people. Continue reading below or learn more at CenterPointEnergy.com.
Electric transmission and distribution & power generation
Electric transmission and distribution
We maintain the wires, poles and electric infrastructure serving more than 2.5 million metered customers in the greater Houston area and in southwestern Indiana.
We also own and operate nearly 1,300 megawatts of electric generation capacity in Indiana. Our employees ensure the reliable delivery of electricity generated from power plants and renewable energy resources to homes and businesses.
Natural gas distribution
We sell and deliver natural gas to 4.5 million homes and businesses in eight states - Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma, and Texas, including the high-growth areas of Houston and Minneapolis. We're investing in modernizing our natural gas infrastructure and are committed to eliminating cast iron and bare steel pipe in all of our territories.
CenterPoint Energy's competitive business includes three areas: natural gas sales and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for natural gas, liquids, water and wastewater pipes. Our competitive energy services footprint spans nearly 40 states.
In Minnesota, our Home Service Plus® is the largest provider of major appliance maintenance and repair services, as well as replacement heating and cooling equipment. We also offer full service and repair plans for heating and cooling systems, along with electric, gas and plumbing lines to Texas customers.
Our vision and values
At CenterPoint Energy, our vision is to "Lead the nation in delivering energy, service and value." To us this means more than just doing business, it means being guided by a set of core values that define who we are and what we believe. We value our customers, shareholders, employees and the communities we serve. We're committed to doing business every day with:
CenterPoint Energy's corporate strategy is: Operate, serve and grow innovative, customer-focused energy delivery businesses that provide superior performance. The three words that characterize this strategy speak volumes about how far our company has come and why we are confident about our future:
- Ensure safe, reliable, efficient and environmentally responsible energy delivery businesses
- Utilize new and innovative technology to enhance performance
- Add value to energy delivery through superior customer service, new technology and innovation
- Provide leadership in the communities we serve
- Develop a diverse and highly capable employee base
- Invest in core energy delivery businesses
- Actively govern Enable Midstream investment
To build a domestic energy company with a balanced portfolio of electric and natural gas businesses, we seek to:
- Pursue geographic, economic and regulatory diversity
- Capture robust organic growth in our electric and natural gas footprint
- Seek opportunities to acquire other regulated electric and natural gas businesses
- Take advantage of our strategically located interstate pipeline assets and their access to active natural gas supply basins and attractive end use markets
- Invest in gas gathering and processing assets in attractive gas producing areas
- Expand our competitive natural gas sales and services to select commercial, industrial and utility customers
- Remain committed to our original investment thesis of producing predictable and growing earnings and cash flow with a competitive dividend