Sale of Retail Gas Marketing Operations

12 Months Ended

Dec. 31, 2011

Sale of Retail Gas Marketing Operations [Abstract]

Sale of Retail Gas Marketing Operations

6.     Sale of Retail Gas Marketing Operations

On December 31, 2011, the Company sold its retail gas marketing operations performed through Vectren Source receiving cash proceeds of approximately $84.3 million, including, and subject to a final determination of, working capital.  The sale, net of transaction costs, resulted in a pretax gain of approximately $25.4 million, which is included in Other operating expenses in the Consolidated Statements of Income. VEDO continues doing business with Vectren Source.  Vectren Source sells natural gas directly to customers in VEDO's service territory, and VEDO purchases receivables and natural gas from Vectren Source.  Vectren Source is a component of the Energy Marketing operating segment.