More Utilities Tout Energy Efficiency Plans

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Evansville-based Vectren Corp. (NYSE: VVC) has submitted its proposal for an energy efficiency initiative to replace the state's Energizing Indiana program. Merrillville-based Northern Indiana Public Service Co. and Indianapolis Power & Light Co. have announced similar plans. Also, Indiana Michigan Power filed its proposal last month.

June 4, 2014

News Release

Evansville, Ind. -- Vectren Energy Delivery of Indiana (Vectren) reaffirmed its commitment to energy efficiency and alignment with its customers to conserve energy by filing last week its 2015 proposed electric conservation program portfolio with the Indiana Utility Regulatory Commission (IURC). Over the last several years Vectren participated in the statewide Energizing Indiana program. Current programs offered through that effort are set to expire at the end of 2014. Through the new filing Vectren will be able to continue to offer customers opportunities to reduce their electric usage.

"We believe strongly in the continuation of energy efficiency programs," said Vectren's Vice President of Customer Energy Solutions Robbie Sears. "Past participation has shown that our customers expect such programs of us as their electric provider, and we have every intention of delivering on that expectation."

Vectren's proposed portfolio of programs is targeted to assist all customers with managing their energy consumption. Upon receiving IURC approval, programs will offer residential, commercial and industrial electric customers affordable, energy-saving opportunities in the form of appliance rebates and online tools to perform energy audits and bill analysis, among other programs.

Sears continued, "We are hopeful the Commission approves our proposal by the end of the year whereby there will be no gaps in electric program offerings."

For more information regarding Vectren's current program offerings, customers are encouraged to visit www.vectren.com

About Vectren

Vectren Corporation (NYSE: VVC) is an energy holding company headquartered in Evansville, Ind. Vectren's energy delivery subsidiaries provide gas and/or electricity to more than one million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio. Vectren's nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the Midwest and Southeast. These include gas marketing and related services; coal production and sales; and energy infrastructure services. To learn more about Vectren, visit http://www.vectren.com.

Source: Vectren Corp. (NYSE: VVC)News Release

Issued May 8, 2014

ndiana Michigan Power presented its wide-ranging 2015 plan for energy efficiency to the Indiana Utility Regulatory Commission this week.

Senate Enrolled Act 340 gave I&M the opportunity to enhance its energy efficiency programs and target them more directly to the needs of our Indiana customers. In its plan for next year, I&M, an operating unit of American Electric Power (NYSE: AEP), demonstrates its commitment to continue to reward residential, commercial and industrial customers for using electricity more efficiently.

“We strongly believe cost-effective energy efficiency programs can help our customers and the environment,” said Paul Chodak III, Indiana Michigan Power President and Chief Operating Officer. “We’re pleased to have the opportunity to craft efficiency programs that best serve our customers at a lower cost.”

Programs that I&M will offer in 2015 will remain consistent with the state’s efforts to reduce annual electricity use but will cost consumers significantly less. Some of the savings will be due to I&M administering the energy efficiency programs rather than using a third-party vendor as is now required.

Though some program names and administrative structures will change, I&M will continue to offer popular residential programs such as home energy audits, weatherization assistance, instant rebates on CFL and LED lights and incentives to recycle certain older, more inefficient appliances. I&M will continue to work with interested commercial and industrial customers to identify methods for reducing energy use and will offer certain incentives for energy efficiency.

SEA 340 provides that industrial customers that do not believe they will benefit from the energy efficiency programs may opt out.

I&M’s plans are subject to review and approval by the Indiana Utility Regulatory Commission.Indiana Michigan Power (I&M) is headquartered in Fort Wayne, and its 2,500 employees serve more than 582,000 customers. It operates 3,595 MW of coal-fired generation in Indiana, 2,110 MW of nuclear generation in Michigan and 22 MW of hydro generation in both states. The company also provides its customers 250 MW of purchased wind generation.

I&M is a unit of American Electric Power (NYSE: AEP), one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 39,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP’s headquarters are in Columbus, Ohio.

Source: Indiana Michigan Power