Exhibit 99.2

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENTS OF INCOME
(Millions, except per share amounts)
(Unaudited)
	Three Months
	Ended March 31
		2009		2008
OPERATING REVENUES:
Gas utility		$	527.4	$	633.6
Electric utility			125.0		127.2
Nonutility revenues			142.8		141.3
Total operating revenues			795.2		902.1
OPERATING EXPENSES:
Cost of gas sold			354.6		462.0
Cost of fuel and purchased power			47.0		46.0
Cost of nonutility revenues			74.2		95.3
Other operating			122.7		115.8
Depreciation and amortization			51.4		47.4
Taxes other than income taxes			23.5		26.8
Total operating expenses			673.4		793.3
OPERATING INCOME			121.8		108.8
OTHER INCOME:
Equity in earnings of unconsolidated affiliates			12.6		14.0
Other income- net			2.4		3.0
Total other income			15.0		17.0
INTEREST EXPENSE			22.7		25.3
INCOME BEFORE INCOME TAXES			114.1		100.5
INCOME TAXES			41.3		36.5
NET INCOME		$	72.8	$	64.0
AVERAGE COMMON SHARES OUTSTANDING			80.6		76.0
DILUTED COMMON SHARES OUTSTANDING			80.7		76.1
EARNINGS PER SHARE OF COMMON STOCK
BASIC		$	0.90	$	0.84
DILUTED		$	0.90	$	0.84

VECTREN UTILITY HOLDINGS
AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENTS OF INCOME
(Millions)
(Unaudited)
	Three Months
	Ended March 31
	2009		2008
OPERATING REVENUES:
Gas utility	$	527.4	$	633.6
Electric utility		125.0		127.2
Other		0.4		0.6
Total operating revenues		652.8		761.4
OPERATING EXPENSES:
Cost of gas sold		354.6		462.0
Cost of fuel and purchased power		47.0		46.0
Other operating		79.3		74.0
Depreciation and amortization		43.9		40.7
Taxes other than income taxes		22.8		26.2
Total operating expenses		547.6		648.9
OPERATING INCOME		105.2		112.5
OTHER INCOME - NET		1.5		2.0
INTEREST EXPENSE		18.7		20.8
INCOME BEFORE INCOME TAXES		88.0		93.7
INCOME TAXES		31.8		35.7
NET INCOME	$	56.2	$	58.0

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
HIGHLIGHTS
(millions, except per share amounts)
(Unaudited)
	Three Months
	Ended March 31
		2009			2008
REPORTED EARNINGS:
Utility Group		$	56.2		$	58.0
Non-utility Group
Energy Marketing and Services			15.4			9.0
Coal Mining			2.8			(0.9	)
Energy Infrastructure Services			(0.5	)		(3.2	)
Other Businesses			(1.2	)		1.4
Total Non-utility Operations			16.5			6.3
Corporate and Other			0.1			(0.3	)
Vectren Consolidated		$	72.8		$	64.0

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
SELECTED GAS DISTRIBUTION
OPERATING STATISTICS
(Unaudited)
		Three Months
	Ended March 31
		2009			2008
GAS OPERATING REVENUES (Millions):
Residential		$	363.1		$	431.8
Commercial			140.7			175.2
Industrial			18.5			22.6
Other Revenue			5.1			4.0
		$	527.4		$	633.6
GAS MARGIN (Millions):
Residential		$	115.1		$	113.2
Commercial			37.5			37.7
Industrial			15.1			16.5
Other			5.1			4.2
		$	172.8		$	171.6
GAS SOLD & TRANSPORTED (MMDth):
Residential			36.8			40.2
Commercial			15.8			17.6
Industrial			24.1			28.7
			76.7			86.5
AVERAGE GAS CUSTOMERS
Residential			909,616			913,672
Commercial			84,515			85,119
Industrial			1,610			1,609
			995,741			1,000,400
YTD WEATHER  AS A PERCENT OF NORMAL:
Heating Degree Days (Ohio)			105	%		104	%

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
SELECTED ELECTRIC
OPERATING STATISTICS
(Unaudited)
	Three Months
	Ended March 31
		2009			2008
ELECTRIC OPERATING REVENUES (Millions):
Residential		$	43.8		$	41.6
Commercial			31.2			28.8
Industrial			36.2			36.4
Municipals			-			0.7
Other Revenue			0.6			1.6
Total Retail			111.8			109.1
Net Wholesale Revenues			13.2			18.1
		$	125.0		$	127.2
ELECTRIC MARGIN (Millions):
Residential		$	31.2		$	30.8
Commercial			21.3			20.5
Industrial			19.1			20.2
Municipals			-			-
Other			0.7			1.6
Total Retail			72.3			73.1
Net Wholesale Margin			5.7			8.1
		$	78.0		$	81.2
ELECTRICITY SOLD (GWh):
Residential			377.8			405.4
Commercial			293.8			309.8
Industrial			509.0			600.7
Municipals			-			31.3
Other Sales - Street Lighting			5.1			5.3
Total Retail			1,185.7			1,352.5
Wholesale			341.6			463.4
			1,527.3			1,815.9
AVERAGE ELECTRIC CUSTOMERS
Residential			122,590			122,755
Commercial			18,344			18,467
Industrial			104			103
Other			33			35
			141,071			141,360
YTD WEATHER  AS A PERCENT OF NORMAL:
Cooling Degree Days (Indiana)			N/A			N/A
Heating Degree Days (Indiana)			94	%		101	%

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATED BALANCE SHEETS
(Millions - Unaudited)
	March 31,			December 31,
	2009			2008
ASSETS
Current Assets
Cash & cash equivalents	$	19.4		$	93.2
Accounts receivable - less reserves of $6.1 &
$5.6, respectively		214.9			226.7
Accrued unbilled revenues		83.0			197.0
Inventories		92.7			131.0
Recoverable fuel & natural gas costs		-			3.1
Prepayments & other current assets		40.8			124.6
Total current assets		450.8			775.6
Utility Plant
Original cost		4,411.2			4,335.3
Less:  accumulated depreciation & amortization		1,642.7			1,615.0
Net utility plant		2,768.5			2,720.3
Investments in unconsolidated affiliates		164.9			179.1
Other utility and corporate investments		26.6			25.7
Other nonutility investments		46.0			45.9
Nonutility property - net		410.3			390.2
Goodwill - net		240.3			240.2
Regulatory assets		203.1			216.7
Other assets		35.1			39.2
TOTAL ASSETS	$	4,345.6		$	4,632.9
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable	$	131.3		$	266.1
Accounts payable to affiliated companies		38.0			75.2
Refundable fuel & natural gas costs		25.6			4.1
Accrued liabilities		217.8			175.0
Short-term borrowings		113.6			519.5
Current maturities of long-term debt		0.4			0.4
Long-term debt subject to tender		80.0			80.0
Total current liabilities		606.7			1,120.3
Long-term Debt - Net of Current Maturities &
Debt Subject to Tender		1,438.6			1,247.9
Deferred Income Taxes & Other Liabilities
Deferred income taxes		357.0			353.4
Regulatory liabilities		318.2			315.1
Deferred credits & other liabilities		239.2			244.6
Total deferred credits & other liabilities		914.4			913.1
Common Shareholders' Equity
Common stock (no par value) – issued & outstanding
81.0 and 81.0 shares, respectively		660.8			659.1
Retained earnings		758.5			712.8
Accumulated other comprehensive income/(loss)		(33.4	)		(20.3	)
Total common shareholders' equity		1,385.9			1,351.6
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$	4,345.6		$	4,632.9

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Millions - Unaudited)
	For the three months ended
	March 31,
	2009			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	72.8		$	64.0
Adjustments to reconcile net income to cash from operating activities:
Depreciation & amortization		51.4			47.4
Deferred income taxes & investment tax credits		11.3			12.7
Equity in earnings of unconsolidated affiliates		(12.6	)		(14.0	)
Provision for uncollectible accounts		4.3			5.3
Expense portion of pension & postretirement periodic benefit cost		2.6			1.9
Other non-cash charges - net		1.0			2.0
Changes in working capital accounts:
Accounts receivable & accrued unbilled revenue		120.7			(26.8	)
Inventories		38.8			96.8
Recoverable/refundable fuel & natural gas costs		24.7			(3.4	)
Prepayments & other current assets		83.2			91.7
Accounts payable, including to affiliated companies		(167.0	)		(74.4	)
Accrued liabilities		43.4			84.3
Unconsolidated affiliate dividends		4.3			2.9
Changes in noncurrent assets		14.8			5.9
Changes in noncurrent liabilities		(9.2	)		(7.9	)
Net cash flows from operating activities		284.5			288.4
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from:
Long-term debt		191.2			171.5
Stock option exercises & other		1.5			-
Requirements for:
Dividends on common stock		(27.1	)		(24.7	)
Retirement of long-term debt		(0.6	)		(103.2	)
Net change in short-term borrowings		(405.9	)		(251.9	)
Net cash flows from financing activities		(240.9	)		(208.3	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from:
Other collections		0.9			1.9
Requirements for:
Capital expenditures, excluding AFUDC equity		(117.4	)		(69.6	)
Unconsolidated affiliate investments		(0.1	)		(0.1	)
Other investments		(0.8	)		(7.7	)
Net cash flows from investing activities		(117.4	)		(75.5	)
Net change in cash & cash equivalents		(73.8	)		4.6
Cash & cash equivalents at beginning of period		93.2			20.6
Cash & cash equivalents at end of period	$	19.4		$	25.2