EXHIBIT 99-1

                                                             Vectren Corporation

                                                                    P.O. Box 209

                                                       Evansville, IN 47702-0209

August 28, 2003

FOR IMMEDIATE RELEASE



                  Vectren Corporation Completes Equity Offering


Evansville, Indiana - Vectren Corporation (NYSE:VVC) announced that it has
generated net proceeds of approximately $163.2 million from the sale of
7,441,400 shares of common stock.

Included in this total are 6.5 million shares of Vectren stock that were sold
through the public offering that priced at $22.81 and closed on August 13, 2003.
Also included in the total are 941,400 shares of Vectren common stock sold in
connection with the exercise of an overallotment option granted to the
underwriters of the public offering.

Goldman, Sachs and Co. served as sole book runner and lead manager for the
offering. Credit Suisse First Boston, Merrill Lynch and Co., A.G. Edwards &
Sons, Inc. and Edward D. Jones & Co., L.P. served as co-managers. A copy of the
final prospectus relating to the offering may be obtained from Goldman, Sachs &
Co., 1 New York Plaza, New York, NY 10004 and is available on the Internet at
www.sec.gov.


This press release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

About Vectren

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 over 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 services include energy marketing; coal mining; utility
infrastructure services; and broadband communication services. To learn more
about Vectren, visit www.vectren.com.


Investor Contact   Steven M. Schein, (812) 491-4209, sschein@vectren.com
Media Contact Jeffrey W. Whiteside, (812) 491-4205, jwhiteside@vectren.com