Vectren leaves gas marketing

Vectren Corp. has decided to get out of the natural gas marketing business and has sold off certain assets of a jointly-owned subsidiary that had been a money-loser for the company in recent years, The Evansville Courier and Press reported this week.
The Evansville-based utility announced it had sold the net assets of ProLiance Energy to a subsidiary of Texas-based Energy Transfer Partners. Vectren is a 61-percent owner of ProLiance, and Indianapolis-based Citizens Energy Group owns the other 39 percent.
Historically, ProLiance had made money by buying and reselling natural gas. But as natural gas prices have become low and stable in recent years, the old business model of making money from price swings no longer works reliably.
The transaction is expected to be cash-flow neutral to Vectren, the company said.
Vectren provides natual gas service to Dunkirk.

Cleveland certified
Rob Cleveland, manager of Economic and Business Development for Indiana Michigan Power, recently earned the designation of Certified Economic Developer from the International Economic Development Council.
Cleveland oversees economic development activities for the eastern portion of the I&M service territory.
 Cleveland, a 1999 graduate of Ball State University, previously served as executive director of the Blackford County Economic Development Corporation.

McGuire hired
Brittany McGuire was recently hired as an accountant at Bollenbacher & Associates, LLC.
McGuire, a 2013 graduate of Ball State University, began working for the company earlier this month. She has a Bachelor’s degree in accounting.
Bollenbacker & Associates is a full-service public accounting firm, located at 215 E. Pearl St., Portland.

Bank extends hours
Pacesetter Bank recently announced it will be extending hours at its Dunkirk office.
Wednesday hours at the bank — located at 714 N. Main St. — are now 8:30 a.m. to 4:30 p.m. at the drive-up window and 9 a.m. to 4:30 p.m. in the lobby.
 A press release from the bank stated the move is in response to greater customer volume.
For more information, call (765) 768-6826.
Pacesetter Bank also announced the hiring of Betty St. Myers as a teller at its Portland office, 1221 N. Meridian St.
St. Myers, a lifelong Jay County resident, most recently worked as Jay County Recorder.[[In-content Ad]]