Vectren Corporation NYSE: VVC is an energy holding company headquartered in Evansville, Indiana. Through its utility subsidiaries (Indiana Gas Company, Southern Indiana Gas and Electric, and Vectren Energy Delivery of Ohio), the company distributes natural gas to approximately one million business and residential customers in Indiana and Ohio. It also distributes electricity to 141,000 customers and has 1,425 MW of primarily coal-fired generating capacity in Indiana. 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. It is a Fortune 1000 company with $4.3 billion in assets.
Hafer Associates completed master planning, programming and design for this nine-story, 150,000 s.f. corporate office headquarters building. Vectren’s objective was to create a building that reflected their business culture and encouraged higher employee recruitment and retention by providing an open, collaborative work environment. Both goals are uniquely accomplished by the design of this facility. The contemporary glass and metal wall maximizes views down the Ohio River and to downtown Evansville. This new building is also a major contribution to the revitalized downtown riverfront.
Vectren is saturated with employees who value their communities and give of themselves to strengthen the regions in which they live and work. From building a house for Habitat for Humanity or volunteering at a soup kitchen to coaching a Little League team or serving on a nonprofit board, our employees are encouraged and rewarded for their dedication to their communities.
The Vectren Foundation will contribute $10 per employee for any team of five or more Vectren employees who participate in a fundraising event for a tax exempt agency.
If a Vectren employee contributes 40 hours of volunteer service per year to a qualifying organization, the Vectren Foundation will donate $200 to that agency on behalf of the employee.
Employee groups of 15 or more who each volunteer at least four hours toward an approved community project will be given a Foundation check of $2,500 to be presented to the project agency.
Vectren employees are given paid time off to volunteer at any Vectren-sponsored event benefiting a nonprofit organization.
How are Vectren employees taking an active role in your community?
Vectren employees are actively serving as board or committee members for more than 217 nonprofit and civic organizations throughout our service territory.
Nearly 400 employees participated in a United Way Day of Caring throughout our service territory, including Evansville, New Castle, Clarksville, and Dayton.
Team Vectren raises funds for several walk/run events throughout Indiana and Ohio including: Koman Race for the Cure, Homeward Bound, Relay for Life and Memory Walk and Juvenile Diabetes Research Foundation Walk.
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.
Disclaimer
This release contains certain forward-looking statements regarding Scient,
including statements about its operations, prospects and expectations about
future financial results. These forward-looking statements involve risks and
uncertainties, which could cause actual results to differ materially. These
risks and uncertainties include the ability to complete the anticipated
transactions on acceptable terms, the ability to implement the strategies
outlined above, the demand for Scient's services, Scient's ability to obtain
additional projects with existing or new clients, Scient's ability to provide
services to existing and new clients, the sufficiency of Scient's sales and
marketing teams, future growth, absence of long-term contracts with clients,
key management and employee retention, competition, technological advances,
and other factors identified in Scient's filings with the Securities and
Exchange Commission, including but not limited to the 10-K and subsequent
10-Qs. Copies of those filings are available from the Company and the SEC.
The purpose of the long-term incentive opportunity under the At Risk Plan is to retain our officers and key employees, direct their strong motivation toward the attainment of our long-term growth and profit objectives and focus on the attainment of shareholder value. Under the At Risk Plan, the Committee determines the executive officers, as well as other officers and key employees, to whom grants will be made and the percentage of each officer’s base salary to be used for determining the number of shares or options to be granted. The amount of an officer’s total compensation that is granted in equity opportunities is based on industry market practices, our business strategies, the individual’s scope of responsibility and the individual’s ability to impact total shareholder return and return on equity.
Like the potential cash payment that may be received as the annual incentive opportunity under the At Risk Plan, this component of total compensation is also performance driven and totally at risk. Actual award payouts are a function of achievement of predetermined target performance levels.
The Committee determines the timing of equity awards to our executives. Following our formation, as a result of the merger between Indiana Energy and SIGCORP, restricted stock grants were made to our executives on October 1, 2000 under the Executive Restricted Stock Plan, which was originally approved by Indiana Energy shareholders and adopted by our Board of Directors concurrent with the effective date of the merger in March of 2000. Since that grant, no additional grants have been made from the Executive Restricted Stock Plan, nor do we intend to issue any additional shares from this plan. Options granted under the SIGCORP Stock Option Plan prior to the merger were converted into options to purchase Vectren Common Stock and no additional options have been granted under the SIGCORP plan since the merger.
Hafer Associates completed master planning, programming and design for this nine-story, 150,000 s.f. corporate office headquarters building. Vectren’s objective was to create a building that reflected their business culture and encouraged higher employee recruitment and retention by providing an open, collaborative work environment. Both goals are uniquely accomplished by the design of this facility. The contemporary glass and metal wall maximizes views down the Ohio River and to downtown Evansville. This new building is also a major contribution to the revitalized downtown riverfront.
Vectren is saturated with employees who value their communities and give of themselves to strengthen the regions in which they live and work. From building a house for Habitat for Humanity or volunteering at a soup kitchen to coaching a Little League team or serving on a nonprofit board, our employees are encouraged and rewarded for their dedication to their communities.
The Vectren Foundation will contribute $10 per employee for any team of five or more Vectren employees who participate in a fundraising event for a tax exempt agency.
If a Vectren employee contributes 40 hours of volunteer service per year to a qualifying organization, the Vectren Foundation will donate $200 to that agency on behalf of the employee.
Employee groups of 15 or more who each volunteer at least four hours toward an approved community project will be given a Foundation check of $2,500 to be presented to the project agency.
Vectren employees are given paid time off to volunteer at any Vectren-sponsored event benefiting a nonprofit organization.
How are Vectren employees taking an active role in your community?
Vectren employees are actively serving as board or committee members for more than 217 nonprofit and civic organizations throughout our service territory.
Nearly 400 employees participated in a United Way Day of Caring throughout our service territory, including Evansville, New Castle, Clarksville, and Dayton.
Team Vectren raises funds for several walk/run events throughout Indiana and Ohio including: Koman Race for the Cure, Homeward Bound, Relay for Life and Memory Walk and Juvenile Diabetes Research Foundation Walk.
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.
Disclaimer
This release contains certain forward-looking statements regarding Scient,
including statements about its operations, prospects and expectations about
future financial results. These forward-looking statements involve risks and
uncertainties, which could cause actual results to differ materially. These
risks and uncertainties include the ability to complete the anticipated
transactions on acceptable terms, the ability to implement the strategies
outlined above, the demand for Scient's services, Scient's ability to obtain
additional projects with existing or new clients, Scient's ability to provide
services to existing and new clients, the sufficiency of Scient's sales and
marketing teams, future growth, absence of long-term contracts with clients,
key management and employee retention, competition, technological advances,
and other factors identified in Scient's filings with the Securities and
Exchange Commission, including but not limited to the 10-K and subsequent
10-Qs. Copies of those filings are available from the Company and the SEC.
The purpose of the long-term incentive opportunity under the At Risk Plan is to retain our officers and key employees, direct their strong motivation toward the attainment of our long-term growth and profit objectives and focus on the attainment of shareholder value. Under the At Risk Plan, the Committee determines the executive officers, as well as other officers and key employees, to whom grants will be made and the percentage of each officer’s base salary to be used for determining the number of shares or options to be granted. The amount of an officer’s total compensation that is granted in equity opportunities is based on industry market practices, our business strategies, the individual’s scope of responsibility and the individual’s ability to impact total shareholder return and return on equity.
Like the potential cash payment that may be received as the annual incentive opportunity under the At Risk Plan, this component of total compensation is also performance driven and totally at risk. Actual award payouts are a function of achievement of predetermined target performance levels.
The Committee determines the timing of equity awards to our executives. Following our formation, as a result of the merger between Indiana Energy and SIGCORP, restricted stock grants were made to our executives on October 1, 2000 under the Executive Restricted Stock Plan, which was originally approved by Indiana Energy shareholders and adopted by our Board of Directors concurrent with the effective date of the merger in March of 2000. Since that grant, no additional grants have been made from the Executive Restricted Stock Plan, nor do we intend to issue any additional shares from this plan. Options granted under the SIGCORP Stock Option Plan prior to the merger were converted into options to purchase Vectren Common Stock and no additional options have been granted under the SIGCORP plan since the merger.