SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 5, 2001
VECTREN CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
INDIANA
(State or Other Jurisdiction of Incorporation)
1-15467 35-2086905
(Commission File Number) (IRS Employer Identification No.)
20 N.W. Fourth Street
Evansville, Indiana 47741
(Address of Principal Executive Offices)(Zip Code)
Registrant's Telephone Number, Including Area Code: (812) 465-5300
Item 5. Other Events.
Vectren Corporation provides update on Gas Cost Adjustment Proceedings and
Commission Order
On October 11, 2000, Indiana Gas Company, Inc. (Indiana Gas), a wholly-owned
subsidiary of Vectren Corporation, filed for approval of its quarterly gas cost
adjustment (GCA). In early December, the Indiana Utility Regulatory Commission
issued an interim order approving the request by Indiana Gas for a GCA factor
for December 2000. On January 4, 2001, the Commission approved the January and
February 2001 GCA as filed. The order also addressed the claim by the Office of
the Utility Consumer Counselor (OUCC) that a portion of the requested GCA be
disallowed because Indiana Gas should have entered into additional commitments
for this winter's gas supply in late 1999 and early 2000. In procuring gas
supply for this winter, Indiana Gas followed the gas procurement practices that
it had employed over the last several years. In response to the claim by the
OUCC, the Commission found that there should be a one-time, $3.8 million
disallowance related to gas procurement for the winter season. As a result,
Indiana Gas expects to recognize a pre-tax charge of $3.8 million during fiscal
year 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VECTREN CORPORATION
(Registrant)
Dated: January 5, 2001 By: /s/ M. Susan Hardwick
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M. Susan Hardwick
Vice President and Controller