Exhibit 23
                                                                      ----------



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent  public  accountants,  we hereby consent to the  incorporation by
reference of our reports  dated  January 24,  2001,  (except with respect to the
matter discussed in Note 22 as to which the date is February 14, 2001), included
in Vectren  Corporation's  Form 10-K for the year ended December 31, 2000,  into
Vectren Corporation's previously filed Registration Statement No. 333-61252.


                                                         /s/ ARTHUR ANDERSEN LLP

                                                         ARTHUR ANDERSEN LLP

Indianapolis, Indiana,
May 17, 2001.