Exhibit 99.2

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENTS OF INCOME
(Millions, except per share amounts)
(Unaudited)
	Three Months						Nine Months
	Ended September 30						Ended September 30
	2010			2009			2010			2009
OPERATING REVENUES:
Gas utility	$	101.8		$	93.4		$	692.8		$	759.9
Electric utility		173.2			143.0			469.1			400.7
Nonutility		147.7			113.2			403.5			359.7
Total operating revenues		422.7			349.6			1,565.4			1,520.3
OPERATING EXPENSES:
Cost of gas sold		32.4			28.0			371.7			440.6
Cost of fuel and purchased power		64.5			50.1			180.3			147.4
Cost of nonutility revenues		60.7			36.2			170.6			153.7
Other operating		137.2			129.6			398.4			377.6
Depreciation and amortization		57.6			53.9			170.6			158.3
Taxes other than income taxes		11.7			11.3			46.9			48.0
Total operating expenses		364.1			309.1			1,338.5			1,325.6
OPERATING INCOME		58.6			40.5			226.9			194.7
OTHER INCOME (EXPENSE):
Equity in earnings (losses) of unconsolidated affiliates		(8.2	)		(0.6	)		(13.9	)		(11.3	)
Other income - net		1.6			4.1			2.0			10.6
Total other income (expense)		(6.6	)		3.5			(11.9	)		(0.7	)
INTEREST EXPENSE		26.0			25.8			78.0			74.0
INCOME BEFORE INCOME TAXES		26.0			18.2			137.0			120.0
INCOME TAXES		9.6			5.8			48.7			41.5
NET INCOME	$	16.4		$	12.4		$	88.3		$	78.5
AVERAGE COMMON SHARES OUTSTANDING		81.2			80.8			81.1			80.7
DILUTED COMMON SHARES OUTSTANDING		81.4			81.1			81.3			81.0
EARNINGS PER SHARE OF COMMON STOCK
BASIC	$	0.20		$	0.15		$	1.09		$	0.97
DILUTED	$	0.20		$	0.15		$	1.09		$	0.97

VECTREN UTILITY HOLDINGS
AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENTS OF INCOME
(Millions)
(Unaudited)
	Three Months				Nine Months
	Ended September 30				Ended September 30
	2010		2009		2010		2009
OPERATING REVENUES:
Gas utility	$	101.8	$	93.4	$	692.8	$	759.9
Electric utility		173.2		143.0		469.1		400.7
Other		0.4		0.4		1.2		1.2
Total operating revenues		275.4		236.8		1,163.1		1,161.8
OPERATING EXPENSES:
Cost of gas sold		32.4		28.0		371.7		440.6
Cost of fuel and purchased power		64.5		50.1		180.3		147.4
Other operating		70.5		69.9		223.3		227.9
Depreciation and amortization		47.2		45.9		140.5		134.8
Taxes other than income taxes		11.2		10.8		45.1		46.2
Total operating expenses		225.8		204.7		960.9		996.9
OPERATING INCOME		49.6		32.1		202.2		164.9
OTHER INCOME - NET		0.9		2.1		3.9		6.1
INTEREST EXPENSE		20.4		20.2		61.0		58.9
INCOME BEFORE INCOME TAXES		30.1		14.0		145.1		112.1
INCOME TAXES		11.4		5.3		54.8		40.6
NET INCOME	$	18.7	$	8.7	$	90.3	$	71.5

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATED BALANCE SHEETS
(Millions - Unaudited)
	September 30,			December 31,
	2010			2009
ASSETS
Current Assets
Cash & cash equivalents	$	7.2		$	11.9
Accounts receivable - less reserves of $4.2 &
$5.2, respectively		132.5			162.4
Accrued unbilled revenues		54.7			144.7
Inventories		188.3			167.8
Recoverable fuel & natural gas costs		12.5			-
Prepayments & other current assets		111.0			95.1
Total current assets		506.2			581.9
Utility Plant
Original cost		4,737.4			4,601.4
Less:  accumulated depreciation & amortization		1,808.7			1,722.6
Net utility plant		2,928.7			2,878.8
Investments in unconsolidated affiliates		124.9			186.2
Other utility and corporate investments		32.5			33.2
Other nonutility investments		40.9			46.2
Nonutility property - net		485.5			482.6
Goodwill - net		242.0			242.0
Regulatory assets		185.7			187.9
Other assets		33.7			33.0
TOTAL ASSETS	$	4,580.1		$	4,671.8
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable	$	132.9		$	183.8
Accounts payable to affiliated companies		23.5			54.1
Refundable fuel & natural gas costs		-			22.3
Accrued liabilities		183.5			174.7
Short-term borrowings		157.3			213.5
Current maturities of long-term debt		48.2			48.0
Long-term debt subject to tender		-			51.3
Total current liabilities		545.4			747.7
Long-term Debt - Net of Current Maturities &
Debt Subject to Tender		1,590.3			1,540.5
Deferred Income Taxes & Other Liabilities
Deferred income taxes		495.0			458.7
Regulatory liabilities		331.6			322.1
Deferred credits & other liabilities		207.0			205.6
Total deferred credits & other liabilities		1,033.6			986.4
Common Shareholders' Equity
Common stock (no par value) – issued & outstanding
81.4 and 81.1 shares, respectively		675.1			666.8
Retained earnings		742.7			737.2
Accumulated other comprehensive income (loss)		(7.0	)		(6.8	)
Total common shareholders' equity		1,410.8			1,397.2
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$	4,580.1		$	4,671.8

VECTREN CORPORATION
AND SUBSIDIARY  COMPANIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Millions - Unaudited)
	For the nine months ended
	September 30,
	2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	88.3		$	78.5
Adjustments to reconcile net income to cash from operating activities:
Depreciation & amortization		170.6			158.3
Deferred income taxes & investment tax credits		33.9			55.2
Equity in losses of unconsolidated affiliates		13.9			11.3
Provision for uncollectible accounts		13.2			15.3
Expense portion of pension & postretirement benefit cost		6.7			7.8
Other non-cash charges - net		19.4			(1.0	)
Changes in working capital accounts:
Accounts receivable & accrued unbilled revenue		106.7			234.0
Inventories		(20.5	)		(32.0	)
Recoverable/refundable fuel & natural gas costs		(34.8	)		33.1
Prepayments & other current assets		(16.4	)		30.6
Accounts payable, including to affiliated companies		(82.9	)		(169.9	)
Accrued liabilities		15.7			(17.4	)
Unconsolidated affiliate dividends		42.7			11.3
Employer contributions to pension & postretirement plans		(12.4	)		(27.3	)
Changes in noncurrent assets		(9.8	)		(6.9	)
Changes in noncurrent liabilities		(11.9	)		(11.3	)
Net cash flows from operating activities		322.4			369.6
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from:
Dividend reinvestment plan & other common stock issuances		7.2			4.5
Long-term debt, net of issuance costs		-			311.6
Requirements for:
Dividends on common stock		(82.7	)		(81.2	)
Retirement of long-term debt		(2.1	)		(2.7	)
Net change in short-term borrowings		(56.2	)		(358.1	)
Net cash flows from financing activities		(133.8	)		(125.9	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from:
Unconsolidated affiliate distributions		0.5			-
Other collections		10.2			1.2
Requirements for:
Capital expenditures, excluding AFUDC equity		(200.9	)		(321.8	)
Unconsolidated affiliate investments		(0.2	)		(0.2	)
Other investments		(2.9	)		(0.8	)
Net cash flows from investing activities		(193.3	)		(321.6	)
Net change in cash & cash equivalents		(4.7	)		(77.9	)
Cash & cash equivalents at beginning of period		11.9			93.2
Cash & cash equivalents at end of period	$	7.2		$	15.3

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
HIGHLIGHTS
(millions, except per share amounts)
(Unaudited)
	Three Months						Nine Months
	Ended September 30						Ended September 30
	2010			2009			2010			2009
REPORTED EARNINGS:
Utility Group	$	18.7		$	8.7		$	90.3		$	71.5
Nonutility Group
Energy Marketing and Services		(10.4	)		(4.8	)		(9.1	)		6.0
Charge related to Liberty Gas Storage Investment		-			-			-			(11.9	)
Subtotal Energy Marketing and Services		(10.4	)		(4.8	)		(9.1	)		(5.9	)
Coal Mining		2.5			4.0			8.1			7.4
Energy Infrastructure Services		6.0			4.6			6.4			7.6
Other Businesses		(0.3	)		(0.5	)		(7.3	)		(2.3	)
Total Nonutility Group		(2.2	)		3.3			(1.9	)		6.8
Corporate and Other		(0.1	)		0.4			(0.1	)		0.2
Vectren Consolidated	$	16.4		$	12.4		$	88.3		$	78.5
REPORTED EPS	$	0.20		$	0.15		$	1.09		$	0.97

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
SELECTED GAS DISTRIBUTION
OPERATING STATISTICS
(Unaudited)
	Three Months						Nine Months
	Ended September 30						Ended September 30
	2010			2009			2010			2009
GAS OPERATING REVENUES (Millions):
Residential	$	65.3		$	59.9		$	471.7		$	517.1
Commercial		24.6			22.0			172.6			194.4
Industrial		10.8			10.1			40.6			39.1
Other Revenue		1.1			1.4			7.9			9.3
	$	101.8		$	93.4		$	692.8		$	759.9
GAS MARGIN (Millions):
Residential	$	45.8		$	42.9		$	213.2		$	211.7
Commercial		11.7			11.9			62.4			64.2
Industrial		10.4			9.0			36.8			33.4
Other		1.5			1.6			8.7			10.0
	$	69.4		$	65.4		$	321.1		$	319.3
GAS SOLD & TRANSPORTED (MMDth):
Residential		3.5			3.8			47.9			49.2
Commercial		2.4			2.5			21.5			22.3
Industrial		19.3			15.3			65.1			55.1
		25.2			21.6			134.5			126.6
AVERAGE GAS CUSTOMERS
Residential		886,200			882,860			896,375			895,030
Commercial		81,725			81,914			82,709			83,109
Industrial		1,642			1,622			1,632			1,622
		969,567			966,396			980,716			979,761
YTD WEATHER  AS A PERCENT OF NORMAL:
Heating Degree Days (Ohio)		69	%		100	%		102	%		104	%

VECTREN CORPORATION
AND SUBSIDIARY COMPANIES
SELECTED ELECTRIC
OPERATING STATISTICS
(Unaudited)
	Three Months						Nine Months
	Ended September 30						Ended September 30
	2010			2009			2010			2009
ELECTRIC OPERATING REVENUES (Millions):
Residential	$	66.1		$	53.4		$	164.0		$	142.4
Commercial		40.7			36.9			113.6			105.6
Industrial		53.9			43.9			151.5			121.2
Other Revenue		2.1			1.6			5.5			4.6
Total Retail		162.8			135.8			434.6			373.8
Net Wholesale Revenues		10.4			7.2			34.5			26.9
	$	173.2		$	143.0		$	469.1		$	400.7
ELECTRIC MARGIN (Millions):
Residential	$	46.5		$	38.8		$	114.9		$	102.2
Commercial		26.5			24.7			73.9			70.3
Industrial		26.9			22.3			74.1			61.2
Other		2.0			1.5			5.1			4.3
Total Retail		101.9			87.3			268.0			238.0
Net Wholesale Margin		6.8			5.6			20.8			15.3
	$	108.7		$	92.9		$	288.8		$	253.3
ELECTRICITY SOLD (GWh):
Residential		511.4			421.4			1,278.8			1,134.0
Commercial		375.5			348.6			1,036.5			988.1
Industrial		712.2			620.5			2,019.7			1,686.9
Other Sales - Street Lighting		4.9			4.5			16.0			14.1
Total Retail		1,604.0			1,395.0			4,351.0			3,823.1
Wholesale		122.0			87.9			466.2			494.3
		1,726.0			1,482.9			4,817.2			4,317.4
AVERAGE ELECTRIC CUSTOMERS
Residential		122,738			122,222			122,840			122,307
Commercial		18,335			18,388			18,341			18,360
Industrial		109			106			108			105
Other		33			33			33			33
		141,215			140,749			141,322			140,805
YTD WEATHER  AS A PERCENT OF NORMAL:
Cooling Degree Days (Indiana)		129	%		79	%		134	%		92	%
Heating Degree Days (Indiana)		22	%		40	%		98	%		93	%