VECTREN CORPORATION (NYSE:VVC) Files An 8-K Other EventsItem 8.01.Other Events
The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017, and became effective on Jan. 1, 2018. On February 16, 2018, the Indiana Utility Regulatory Commission (IURC) issued an order providing guidance on a process on how utilities can reflect in their rates and charges the effects of the recent reduction in federal tax rates. This guidance aligns with the intentions of Vectren Energy Delivery of Indiana – North and Vectren Energy Delivery of Indiana – South to request IURC authority to adjust rates and charges to begin providing the benefits of those tax reductions in the near term. If Vectren’s request is approved, the result will be lower energy bills for customers.
A copy of the Press Releases are attached as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K.
In connection with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company is hereby furnishing cautionary statements identifying important factors that could cause actual results of the Company and its subsidiaries, including Vectren Utility Holdings, Inc., to differ materially from those projected in forward-looking statements of the Company and its subsidiaries made by, or on behalf of, the Company and its subsidiaries. These cautionary statements are attached as Exhibit 99.3.
Item 9.01. Exhibits.
|
Exhibit Number |
Description |
|
99.1 |
Press Release issued by Vectren Corporation (Vectren Energy Delivery of Indiana-North) on February 16, 2018 |
|
99.2 |
Press Release issued by Vectren Corporation (Vectren Energy Delivery of Indiana-South) on February 16, 2018 |
|
99.3 |
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995 |
VECTREN CORP ExhibitEX-99.1 2 exhibit991-pressreleaseiss.htm EXHIBIT 99.1 – PRESS RELEASE – VECTREN NORTH – FEB 2018 Exhibit EXHIBIT 99.1 News Release Vectren CorporationOne Vectren SquareEvansville,…To view the full exhibit click here
About VECTREN CORPORATION (NYSE:VVC)
Vectren Corporation (Vectren) is an energy holding Company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc. (VEDO). The Company, through Vectren Enterprises Inc. (Enterprises), is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair services. Energy Services provides energy performance contracting and sustainable infrastructure, such as renewables, distributed generation, and combined heat and power projects.