“Together, we will be a stronger, more competitive company that will be well-positioned to continue to provide value for our stakeholders in the years to come,” stated Carl Chapman, Vectren chairman, president and CEO.
Vectren Energy Delivery of Ohio delivers natural gas to about 318,000 customers in all or portions of Auglaize, Butler, Champaign, Clark, Clinton, Darke, Fayette, Greene, Highland, Logan, Madison, Miami, Montgomery, Pickaway, Preble, Shelby and Warren counties.
RELATED: Should tax cuts mean lower electric bills? DP&L and others say no
After the acquisition, Vectren will become a CenterPoint Energy company with the combined company’s natural gas utilities operations and the Indiana electric operation to be headquartered in Evansville, Ind. The corporate headquarters will be in Houston.