EVANSVILLE, Ind., Feb. 11, 2002 — Vectren Corporation today announced the integration of two energy-marketing firms, ProLiance Energy, LLC and Sigcorp Energy Services, LLC.
ProLiance is headquartered in Indianapolis and SES is headquartered in Evansville. After the integration, the trading and supply functions of integrated operations will be based in Indianapolis and the SES Evansville office will become a ProLiance office.
ProLiance is jointly-owned by affiliates of Vectren Corporation, an investor owned $2 billion energy and applied technology holding company headquartered in Evansville and Citizens Gas & Coke Utility, a public charitable trust delivering natural gas to Marion County residents and businesses.
SES is a wholly owned subsidiary of Vectren Corporation. Both ProLiance and SES currently provide energy marketing and services to commercial, industrial, municipal, power plant, and utility customers. Together they are active in 16 states.
“Our goal is to have the operational integration completed by April 1, 2002,” said John Talley, President of ProLiance Energy. “This includes customer service, sales, account management activities, and billing, as well as other functions such as risk management, trading, supply procurement and pipeline services.
“We believe integrating these two energy marketing and service firms makes prudent business sense in the current energy environment,” said John Bohls, President of SES. “Not only will our customers benefit from a broader array of energy services, a single point of contact and streamlined operations, but they will also be doing business with a combined organization that has a large base of experience and resources, combined financial strength, extensive customer services and a solid reputation for customer satisfaction.”
John Talley will continue as President of ProLiance after the integration. John Bohls will become President of Vectren Energy Marketing and Services, which is the holding company for Vectren’s non-regulated energy operations, including ProLiance. Terry Peak, currently Senior Vice President of ProLiance, will be promoted to Executive Vice President and Chief Operating Officer of ProLiance. Jerry Westerfield, currently Senior Vice President of SES, will become Senior Vice President of Supply and Trading for ProLiance. Dan Hargreaves will be Senior Vice President of Marketing, and Dan Short will be Vice President of Finance for the integrated operations.
Together, the energy marketers will serve over 1000 customers throughout the Midwest and Southeast, and manage 1.2 billion cubic feet of gas per day. Founded in 1996, ProLiance Energy has 64 employees located in Indianapolis, Detroit, Dayton, Louisville and Houston offices. SES, founded in 1996, has 32 employees located in Evansville, Louisville, Nashville, Chicago, Cleveland, and Cincinnati.
Vectren Corporation is an energy and applied technology holding company headquartered in Evansville, Indiana. Vectren’s energy delivery subsidiaries provide gas and/or electricity to nearly one million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio.
Vectren’s non-regulated subsidiaries and affiliates currently offer energy-related products and services to customers throughout the surrounding region. These include gas marketing and related services; coal production and sales; utility infrastructure services; and broadband communication services. To learn more about Vectren, visit www.vectren.com .