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| VVC > SEC Filings for VVC > Form 8-K on 30-Apr-2009 | All Recent SEC Filings |
30-Apr-2009
Results of Operations and Financial Condition
On April 29, 2009, Vectren Corporation (the Company) released financial information to the investment community regarding the Company's results of operations for the three-months ending March 31, 2009. A copy of the press release is furnished as Exhibit 99.1 and the supporting information and schedules are furnished as Exhibit 99.2 to this Current Report on Form 8-K.
Vectren Corporation is the parent company of Vectren Utility Holdings, Inc. (Utility Holdings) and Vectren Enterprises, Inc. (Enterprises). Utility Holdings is the intermediate holding company of the Company's three operating public utilities, and Enterprises is the holding company for the Company's nonutility operations.
In this press release, the results of Utility Holdings, Enterprises, and other results are presented on a per share basis and are analyzed separately. The Company presents information in this manner due to differences in business strategies and risks associated with its utility and nonutility earnings. Further, the per share amounts are based on their earnings contribution included in Vectren's consolidated results divided by Vectren's basic average shares outstanding during the period. These per share amounts do not represent a direct legal interest in specific assets and liabilities, but rather represent a direct equity interest in Vectren Corporation's assets and liabilities as a whole. Certain disclosures used herein are non GAAP measures. These measures are used by management to evaluate the performance of individual businesses. Accordingly, management believes these measures are useful to invetors in understanding each business' contribution to consolidated earnings per share and analyzing period to period changes.
In connection with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company is hereby furnishing cautionary statements identifying important factors that could cause actual results of the Company and its subsidiaries, including Vectren Utility Holdings, Inc., to differ materially from those projected in forward-looking statements of the Company and its subsidiaries made by, or on behalf of, the Company and its subsidiaries. These cautionary statements are attached as Exhibit 99.3.
Item 9.01. Exhibits.
(d) Exhibits
Exhibit
Number Description
99.1 Vectren Corporation Reports First Quarter 2009
Results
99.2 Supporting Financial Statements and Schedules
99.3 Cautionary Statement for Purposes of the "Safe
Harbor" Provisions of the Private Securities
Litigation Reform Act of 1995
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