Vectren releases corporate sustainability report

Vectren Corporation released this week its corporate sustainability report, Next Generation Sustainability, which details the company’s, which describes the company’s plans to diversify its portfolio and reduce carbon emissions.

“We are excited to release our latest report which reflects the evolving direction Vectren is taking in diversifying our electric generation portfolio and modernizing our electric grid,” Vectren Chair, President and CEO Carl Chapman said. “This report illustrates that sustainability is a key part of Vectren operations, and these plans, along with our continued gas infrastructure investments, ensure we will continue to meet the needs of our customers.”

The Next Generation Sustainability report highlights Vectren’s Smart Energy Future strategy plan, which includes investments of $6.5 billion in generation transition, electric grid modernization, and gas infrastructure. The company’s plan is designed to create a system-wide carbon emission reductions of 60 percent by 2024.

The report describes the company’s earnings growth in 2017 and notes that Vectren raised the dividend 7.1 percent in November 2017.

Vectren also highlighted its initiative to improve the customer experience through technology as well as its Human Equity strategy.

“We will continue to strive to be a leader in energy efficiency and environmental stewardship and believe these efforts toward sustainable growth will remain an important contributor to long-term corporate performance,” Angila Retherford, Vectren’s vice president of environmental affairs and corporate sustainability, said.