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VECTREN CORP

(VVC)
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Vectren : Energy Delivery of Indiana - South union employees ratify new labor agreement

01/24/2019 | 04:09pm EDT

News Release

Vectren Corporation

P.O. Box 209

Evansville, IN 47702-0209

FOR IMMEDIATE RELEASE

January 24, 2019

Contact: Natalie Hedde, (812) 491-5105 ornhedde@vectren.com

Vectren Energy Delivery of Indiana - South union employees ratify new labor agreement

Evansville, Ind. -- Vectren Energy Delivery of Indiana - South (Vectren) announced that its employee-members of International Brotherhood of Electrical Workers (IBEW) Local 702 notified the company Tuesday evening that they have ratified a new three-year labor agreement. The approximately 300 employee-members of IBEW Local 702 serve natural gas and electric customers in southwestern Indiana.

Vectren and the IBEW had been in contract negotiations in advance of the expiration of the current contract, which was scheduled to expire June 30, 2019.

"We are pleased to have reached this agreement well in advance of the impending contract expiration," said Lynnae Wilson, vice president of Vectren Energy Delivery. "The willingness of both parties to come to the table and finalize a contract shows our commitment to maintain a productive work partnership and continue to reliably and safely serve our customers."

The tentative agreement was finalized with union leadership in early-January and moved for a vote Tuesday evening.

Vectren Energy Delivery of Indiana - South serves 144,000 electric customers and 111,000 natural gas customers in southwestern Indiana.

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 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and about 20 percent of Ohio, primarily in the west-central area. Vectren's nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the U.S. These include infrastructure services and energy services. To learn more about Vectren, visitwww.vectren.com.

- end -

Disclaimer

Vectren Corporation published this content on 24 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 January 2019 21:08:02 UTC


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