vvc_8k.htm

 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, DC   20549
 
FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 21, 2012
 
VECTREN CORPORATION
(Exact name of registrant as specified in its charter)
 
Vectren Logo
Commission
File No.
Registrant, State of Incorporation,
Address, and Telephone Number
I.R.S Employer
Identification No.
     
1-15467
Vectren Corporation
35-2086905
 
(An Indiana Corporation)
 
 
One Vectren Square,
 
 
Evansville, Indiana 47708
 
 
(812) 491-4000
 

Former name or address, if changed since last report:
N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
r
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 

 
Item 8.01.  Other Events
 
ProLiance Energy, LLC, a subsidiary of ProLiance Holdings, LLC (ProLiance), had $130 million borrowing capacity available through a syndicated credit facility scheduled to expire on May 24, 2012.  ProLiance today announced that ProLiance Energy closed on a new two-year $120 million credit facility effective May 18, 2012. The facility will be used for general corporate purposes.

ProLiance, a nonutility energy marketing affiliate of Vectren Corporation and Citizens Energy Group, provides services to a broad range of municipalities, utilities, industrial operations, schools, and healthcare institutions located throughout the Midwest and Southeast United States.  ProLiance’s customers include Vectren’s Indiana utilities and Citizens’ utilities.  ProLiance’s primary businesses include gas marketing, gas portfolio optimization, and other portfolio and energy management services.  Consistent with its ownership percentage, Vectren is allocated 61 percent of ProLiance’s profits and losses; however, governance and voting rights remain at 50 percent for each member.  Therefore, ProLiance is not consolidated by Vectren.


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
 
May 21, 2012
   
     
     
   
By:  /s/ M. Susan Hardwick
   
M. Susan Hardwick
   
Vice President, Controller and Assistant Treasurer