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Vectren Energy Delivery of Indiana - South (Vectren), a CenterPoint Energy company, today announced the Indiana Utility Regulatory Commission (IURC) granted partial approval of its Smart Energy Future long-term electric generation transition plan. Today’s approval is in addition to IURC approval last month to move forward with construction of a 50 megawatt (MW) universal solar array.
Today, Vectren Energy Delivery of Indiana – South (Vectren), a CenterPoint Energy company, announced it has received approval from the Indiana Utility Regulatory Commission (IURC) to build a 50-megawatt (MW) universal solar array in eastern Spencer County as part of Vectren’s long-term electric generation transition plan. The solar farm will be located near Troy, Ind., on approximately 300 acres and will consist of about 150,000 solar panels.
HOUSTON, Feb. 1, 2019 /PRNewswire/ -- CenterPoint Energy, Inc. (CNP) today announced that Vectren Utility Holdings, Inc. (VUHI), a wholly owned subsidiary of CenterPoint Energy, has notified the New York Stock Exchange (NYSE) of its intention to voluntarily delist VUHI's 6.10% Senior Notes due December 1, 2035 (NYSE:VVC.HB) (the "Notes") from the NYSE. VUHI also intends to terminate the registration of the Notes and the related guarantees, and the reporting obligations of VUHI with respect to the Notes and guarantees, under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
EVANSVILLE, Ind., Feb. 1, 2019 /PRNewswire/ -- Vectren Corporation (VVC) announced that the final amount of the "stub period" dividend previously declared by the Board of Directors and payable to shareholders of record immediately prior to the effective time of the merger is $0.41145 per share of common stock. The amount reflects the regular quarterly dividend rate of $0.48 prorated for the 78 days between the close of business on November 15, 2018, which was the record date for the last regular quarterly dividend paid on December 3, 2018, and February 1, 2019, the effective time of the merger, divided by 91 days. Vectren Corporation (VVC) is an energy holding company headquartered in Evansville, Ind. Vectren's energy delivery subsidiaries provide gas and/or electricity to more than 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and about 20 percent of Ohio, primarily in the west central area.
HOUSTON and EVANSVILLE, Ind., Feb. 1, 2019 /PRNewswire/ -- CenterPoint Energy, Inc. (CNP) and Vectren Corporation (VVC) today announced the successful completion of their merger. The combined company, which is named CenterPoint Energy and headquartered in Houston, has regulated electric and natural gas utility businesses in eight states that serve more than 7 million metered customers and a competitive energy businesses' footprint in nearly 40 states. With a greater level of business operations, resources and capabilities, we plan to execute a unified business strategy focused on the safe and reliable delivery of electricity, natural gas and energy-related services," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy.
NEW YORK , Jan. 31, 2019 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) will replace Vectren Corp. (NYSE: VVC) in the S&P MidCap 400 effective prior to the open of trading on Wednesday, February ...
Moody's Investors Service ("Moody's") today downgraded the long-term ratings of CenterPoint Energy, Inc. (CenterPoint) including its Issuer rating to Baa2 from Baa1, senior unsecured rating to Baa2 from Baa1, subordinated debt rating to Baa3 from Baa2 and preferred stock rating to Ba1 from Baa3 while affirming its Prime-2 short term rating for commercial paper and A1 senior secured revenue bonds. The rating outlook for CenterPoint was changed to stable from negative.
CenterPoint Energy (CNP) along with Vectren awaits for the remaining order approval from the Public Utilities Commission of Ohio (PUCO) for completing the merger formalities.
HOUSTON and EVANSVILLE, Ind., Jan. 16, 2019 /PRNewswire/ -- CenterPoint Energy, Inc. (CNP) and Vectren Corporation (VVC) today announced that they have received a final order from the Indiana Utility Regulatory Commission (IURC). "We appreciate the Indiana Utility Regulatory Commission's thorough review of our pending merger," said CenterPoint Energy President and Chief Executive Officer Scott M. Prochazka. Under a merger agreement announced in April 2018, the combined company, which will be named CenterPoint Energy and headquartered in Houston, is expected to have regulated electric and natural gas utility businesses in eight states that serve more than 7 million metered customers and a competitive energy businesses footprint in nearly 40 states.
Vectren Corporation (VVC) announced the Board of Directors has declared a dividend of $0.005275 per share of common stock, per day, which reflects the dividend of $0.48 per share as approved by the Board in November 2018, divided by 91 which represents the number of days between November 15, 2018, the last shareholder record date, and the next regular shareholder record date of February 14, 2019. As previously announced, Vectren entered into a definitive merger agreement with CenterPoint Energy, Inc. (CenterPoint), pursuant to which Vectren will become a wholly owned subsidiary of CenterPoint (the Merger).
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The one and a half month time period since the end of the […]
In addition to the CFO's retirement, CenterPoint announced executives appointments that will be effective once it acquires Indiana-based Vectren Corp. in a multibillion-dollar deal.
HOUSTON, Dec. 3, 2018 /PRNewswire/ -- CenterPoint Energy, Inc. (CNP) today announced the executive team that will lead the combined company following the close of the pending merger with Vectren Corporation (VVC), which is expected in the first quarter of 2019. As previously announced, at the closing of the merger CenterPoint Energy President and Chief Executive Officer Scott M. Prochazka will be appointed to the same role for the combined company. The combined company will be named CenterPoint Energy, headquartered in Houston and execute a unified business strategy focused on the safe and reliable delivery of electricity, natural gas and related services to customers.
The Evansville, Indiana-based company said it had profit of 61 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 71 cents per share. The utility posted revenue of ...
EVANSVILLE, Ind., Nov. 05, 2018 -- Vectren Corporation (NYSE:VVC) today reported results for the three months ended September 30, 2018 of $50.4 million, or $0.61 per share,.
When Vectren Corporation (NYSE:VVC) released its most recent earnings update (30 June 2018), I wanted to understand how these figures stacked up against its past performance. The two benchmarks I Read More...
Vectren Corporation (VVC) announced the Board of Directors has declared a quarterly dividend of $0.48 per share, up 6.7 percent from the current quarterly dividend of $0.45 per share. The quarterly dividend will be payable December 3, 2018, to shareholders of record at the close of business on November 15, 2018. “The dividend increase, marking the 59th consecutive year Vectren and its predecessor companies have increased the annual dividends paid, is the result of our continued successful execution of key strategic initiatives,” said Carl Chapman, chairman, president and CEO of Vectren Corporation.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Vectren (VVC) have what it takes? Let's find out.