8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC   20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February 13, 2008

VECTREN CORPORATION

(Exact name of registrant as specified in its charter)

Commission File No.	Registrant, State of Incorporation, Address, and Telephone Number	I.R.S Employer Identification No.
1-15467	Vectren Corporation	35-2086905
	(An Indiana Corporation)
	One Vectren Square,
	Evansville, Indiana 47708
	(812) 491-4000
1-16739	Vectren Utility Holdings, Inc.	35-2104850
	(An Indiana Corporation)
	One Vectren Square,
	Evansville, Indiana 47708
	(812) 491-4000

Former name or address, if changed since last report:

N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.  Other Events

Vectren Corporation (the Company), an energy holding company, announced on Wednesday, February 13, 2008, that the Indiana Utility Regulatory Commission (IURC) approved changes to its natural gas base rates and distribution charges for Indiana Gas Company, Inc. (Vectren Energy Delivery of Indiana-North) in central and southeastern Indiana.  The decision followed the settlement previously reached with the Indiana Office of Utility Consumer Counselor (OUCC) and other intervening parties.  A copy of the press release is attached as exhibit 99.1 to this Current Report on Form 8-K.

Vectren Energy Delivery of Indiana- North is a wholly-owned subsidiary of Vectren Utility Holdings, Inc. (Utility Holdings).  Utility Holdings serves as the intermediate holding company for the Company’s regulated utility operations.

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 99.2.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	VECTREN CORPORATION VECTREN UTILITY HOLDINGS, INC.
February 13, 2008
		By:  /s/ M. Susan Hardwick
		M. Susan Hardwick
		Vice President, Controller & Assistant Treasurer

INDEX TO EXHIBITS

The following Exhibits are furnished as part of this Report to the extent described in Item 8.01:

Exhibit Number	Description
99.1	Vectren North gas rate case approved
99.2	Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995

EX-99.1

           < font id="TAB2" style="LETTER-SPACING: 9pt;">            Exhibit 99.1

                                                News

                                    Release

       Vectren Corporation

                            One Vectren Square

                               Evansville, IN  47708

February 13, 2008

FOR IMMEDIATE RELEASE

Media contact: Mike Roeder, (812) 491-4143 or mroeder@vectren.com or

Investor Relations:  Steve Schein, (812) 491-4209 or sschein@vectren.com

Vectren North Gas Rate Case Approved

Evansville, Ind. – An order approved today by the Indiana Utility Regulatory Commission (IURC) completes a collaborative effort between Vectren Corporation’s (NYSE: VVC) utility subsidiary, Vectren Energy Delivery of Indiana - North (Vectren North), the Indiana Office of Utility Consumer Counselor (OUCC) and other stakeholders in Vectren North’s territory regarding proposed changes to the rates for its gas distribution business that covers nearly two-thirds of Indiana.

Vectren North filed a petition with the IURC on May 18, 2007, requesting a $41.1 million increase in revenues. After an extended collaboration with the OUCC and the other stakeholders in the case, a settlement agreement was reached and filed with the IURC.  Today’s order, which approves that settlement agreement, provides for a $27.5 million increase, including the recovery of certain costs totaling $10.6 million that will be recovered through separate recovery mechanisms rather than base rates.  This decision is expected to result in bills increasing by less than 4 percent or about $3.50 per month for the typical residential customer.  The increase in revenues provided for in the order is based on an allowed return on equity (ROE) of 10.2 percent; cost recovery of increased operating and maintenance expenditures; a main replacement program to begin replacement of 245 miles of bare steel and cast iron pipelines; and recovery of gas costs relating to uncollected customer bills and unaccounted for gas costs. All gas costs will be recovered from customers through Vectren North’s existing gas cost adjustment (GCA) process on a dollar-for-dollar basis.

“The rate case is a necessary step in the utility’s effort to continue providing safe, reliable service,” said Vectren Chairman and CEO Niel C. Ellerbrook.  “Reliability requires investment in people and infrastructure. We now have an approved plan for initiating a comprehensive bare steel and cast iron main replacement program, as well as recognizing other fixed costs it takes to run the business.

“This change only impacts the distribution and service charges portion of the bill. The actual cost of natural gas continues to have the largest customer impact. We remain committed to providing the tools our customers need through our Conservation Connection program to drive total bills lower through reduced consumption,” Ellerbrook said.

The distribution and service charges line on the bill makes up only about 30 percent of a typical residential customer bill.  The cost of the natural gas commodity makes up about 70 percent of a typical bill.  The utility continues managing the gas cost by utilizing a portfolio hedging program to mitigate gas volatility on behalf of customers.  These gas costs are passed through to customers on a dollar-for-dollar basis through the state’s quarterly GCA regulatory review process.

About Vectren

Vectren Corporation is an energy holding company headquartered in Evansville, Indiana.  The Company's energy delivery subsidiaries provide gas and/or electricity to more than one million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio.  The Company's nonutility subsidiaries and affiliates currently offer energy- related products and services to customers throughout the Midwest and Southeast.  These include gas marketing and related services; coal production and sales; and energy infrastructure services.

EX-99.2

Exhibit  99.2

Cautionary Statement for Purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995.

A “safe harbor” for forward-looking statements is provided by the Private Securities Litigation Reform Act of 1995 (Reform Act of 1995).  The Reform Act of 1995 was adopted to encourage such forward-looking statements without the threat of litigation, provided those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause the actual results to differ materially from those projected in the statement.  Such statements are based on management’s beliefs, as well as assumptions made by and information currently available to management.  When used in this filing, the words “believe”, “anticipate”, “endeavor”, “estimate”, “expect”, “objective”, “projection”, “forecast”, “goal” and similar expressions are intended to identify forward-looking statements.  In addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements, factors that could cause the Company’s actual results to differ materially from those contemplated in any forward-looking statements include, among others, the following:

·   Factors affecting utility operations such as unusual weather conditions; catastrophic weather-related damage; unusual maintenance or repairs; unanticipated changes to fossil fuel costs; unanticipated changes to gas transportation and storage costs, or availability due to higher demand, shortages, transportation problems or other developments; environmental or pipeline incidents; transmission or distribution incidents; unanticipated changes to electric energy supply costs, or availability due to demand, shortages, transmission problems or other developments; or electric transmission or gas pipeline system constraints.

·   Increased competition in the energy industry, including the effects of industry restructuring and unbundling.

·   Regulatory factors such as unanticipated changes in rate-setting policies or procedures, recovery of investments and costs made under traditional regulation, and the frequency and timing of rate increases.

·   Financial, regulatory or accounting principles or policies imposed by the Financial Accounting Standards Board; the Securities and Exchange Commission; the Federal Energy Regulatory Commission; state public utility commissions; state entities which regulate electric and natural gas transmission and distribution, natural gas gathering and processing, electric power supply; and similar entities with regulatory oversight.

·   Economic conditions including the effects of an economic downturn, inflation rates, commodity prices, and monetary fluctuations.

·   Increased natural gas commodity prices and the potential impact on customer consumption, uncollectible accounts expense, unaccounted for gas and interest expense.

·   Changing market conditions and a variety of other factors associated with physical energy and financial trading activities including, but not limited to, price, basis, credit, liquidity, volatility, capacity, interest rate, and warranty risks.

·   The performance of projects undertaken by the Company’s nonutility businesses and the success of efforts to invest in and develop new opportunities, including but not limited to, the realization of synfuel income tax credits and the Company’s coal mining, gas marketing, and energy infrastructure strategies.

·   Direct or indirect effects on the Company’s business, financial condition, liquidity and results of operations resulting from changes in credit ratings, changes in interest rates, and/or changes in market perceptions of the utility industry and other energy-related industries.

·   Employee or contractor workforce factors including changes in key executives, collective bargaining agreements with union employees, aging workforce issues, or work stoppages.

·   Legal and regulatory delays and other obstacles associated with mergers, acquisitions and investments in joint ventures.

·   Costs, fines, penalties and other effects of legal and administrative proceedings, settlements, investigations, claims, including, but not limited to, such matters involving compliance with state and federal laws and interpretations of these laws.

·   Changes in federal, state or local legislative requirements, such as changes in tax laws or rates, environmental laws, including laws governing greenhouse gases, mandates of sources of renewable energy, and other regulations.

The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of changes in actual results, changes in assumptions, or other factors affecting such statements.