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Vectren receives approval for additional wind power

EVANSVILLE, Ind. — Vectren Energy Delivery of Indiana (NYSE: VVC) will add 50 megawatts (MW) of wind energy from an Indiana wind farm — thanks to the approval today by the Indiana Utility Regulatory Commission.

The purchase will provide enough energy to power about 15,000 homes annually and will bring Vectren’s total wind power portfolio to 80 MW, which allows Vectren to meet 4 percent of its customers’ needs with renewable energy.

Benton County is the home of Indiana's first operational Wind Farm and features 87 GE 1.5mw Wind Turbines. Each turbine produces enough electricity to power 600 average American homes per year.

Benton County is the home of Indiana's first operational Wind Farm and features 87 GE 1.5mw Wind Turbines. Each turbine produces enough electricity to power 600 average American homes per year.

“Today’s decision allows us to further increase our renewable power portfolio,” said Vectren Chairman and CEO Niel Ellerbrook. “This homegrown, Indiana energy not only adds green power for our customers, but it also helps position us to meet any future state or federal renewable requirement.”

The renewable energy is from phase two of the Fowler Ridge wind farm in Benton County, Ind, which is expected to move into construction later this year. This 20-year power purchase agreement is the second wind energy contract for Vectren.

In addition, June marked the one-year anniversary of wind power in the local generation mix. The utility signed a 20-year contract in December 2007 with another independently-owned wind farm in Benton County. That contract provided 30 MW of energy or roughly 95 million kWh, which is enough to power 8,000 homes.

The Fowler Ridge wind farm, which will be the largest in the Midwest when completed, is owned and operated through a joint venture of BP Wind Energy and Dominion, in which BP Wind Energy retains sole ownership of 100 MW.

Vectren’s electric utility serves all or portions of seven counties in southwestern Indiana, including Vanderburgh, Warrick, Spencer, Gibson, Posey, Pike and Dubois.

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