Civic Center Replacing 32-Year-Old Heating System; ESG Guarantees Energy Savings Will Cover Cost

Apr 27, 2001, 01:00 ET from Vectren Corporation

    EVANSVILLE, Ind., April 27 /PRNewswire/ -- Work is underway on replacing
 the 32-year-old heating systems for the administration, safety and courts
 buildings at the City-County Civic Center in downtown Evansville.
     The $3.6 million project is to be completed by October, before the coming
 winter heating season arrives.
     "It's a win, win situation the way the finances work out when you have a
 guarantee from Energy Systems Group," Steve Utley, general manager for the
 Evansville-Vanderburgh County Building Authority, said.
     The authority recently awarded a contract to Energy Systems Group, LLC
 (ESG), to replace the buildings' three large old boilers and related pipes and
 equipment with new high-efficiency units. The new heating systems are designed
 to reduce the center's energy usage by about 25 percent.
     Under the contract, ESG guarantees that the energy and maintenance savings
 will cover the costs of the project within 10 years.
     "And after the project is paid off within 10 years the savings just go on
 year after year," Utley noted. He said work on removing the old boilers has
 already begun.
     ESG also saved the building authority time and money, Utley said, by
 providing the engineering for the boiler replacement project.
     He also noted that the authority worked with ESG when Vanderburgh
 Auditorium was converted into a larger convention facility, now called The
 Center. Besides ESG's $1.2 million project at The Center, the company has
 completed more than $50 million worth of energy-saving improvements involving
 heating, air conditioning and lighting systems for the Evansville-Vanderburgh
 School Corp.
     ESG, jointly owned by Citizens Gas and Coke Utility and Vectren
 Corporation of Evansville, provides energy conservation savings to
 institutions, governmental units and commercial entities through risk-free
 building improvements and commercial equipment up grades. ESG has its
 headquarters in Evansville with offices in Indianapolis, Chicago, Kansas City
 and Johnson City, Tenn.
     Vectren (NYSE:   VVC) is an energy and applied technology holding company
 headquartered in Evansville, Ind. Vectren's energy delivery subsidiaries
 provide gas and/or electricity to approximately one million customers in
 adjoining service territories that cover nearly two-thirds of Indiana and 16
 counties in west central Ohio.  Vectren's non-regulated subsidiaries and
 affiliates provide energy-related products and services, fiber-optic based
 communications services, and utility related services, including materials
 management, debt collections, underground pipeline construction and repair,
 underground facilities locating and meter reading services to customers
 throughout the surrounding region.  To learn more about Vectren, visit
 www.vectren.com .
     Media Contact at Vectren Corporation is Mary Beth Reese, 812-491-4140.
 For additional information about ESG visit www.energysg.com or call Daniel W.
 Sanders, Energy Systems Group, Director of marketing and business development,
 at 475-2550, ext. 2541.
 
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SOURCE Vectren Corporation
    EVANSVILLE, Ind., April 27 /PRNewswire/ -- Work is underway on replacing
 the 32-year-old heating systems for the administration, safety and courts
 buildings at the City-County Civic Center in downtown Evansville.
     The $3.6 million project is to be completed by October, before the coming
 winter heating season arrives.
     "It's a win, win situation the way the finances work out when you have a
 guarantee from Energy Systems Group," Steve Utley, general manager for the
 Evansville-Vanderburgh County Building Authority, said.
     The authority recently awarded a contract to Energy Systems Group, LLC
 (ESG), to replace the buildings' three large old boilers and related pipes and
 equipment with new high-efficiency units. The new heating systems are designed
 to reduce the center's energy usage by about 25 percent.
     Under the contract, ESG guarantees that the energy and maintenance savings
 will cover the costs of the project within 10 years.
     "And after the project is paid off within 10 years the savings just go on
 year after year," Utley noted. He said work on removing the old boilers has
 already begun.
     ESG also saved the building authority time and money, Utley said, by
 providing the engineering for the boiler replacement project.
     He also noted that the authority worked with ESG when Vanderburgh
 Auditorium was converted into a larger convention facility, now called The
 Center. Besides ESG's $1.2 million project at The Center, the company has
 completed more than $50 million worth of energy-saving improvements involving
 heating, air conditioning and lighting systems for the Evansville-Vanderburgh
 School Corp.
     ESG, jointly owned by Citizens Gas and Coke Utility and Vectren
 Corporation of Evansville, provides energy conservation savings to
 institutions, governmental units and commercial entities through risk-free
 building improvements and commercial equipment up grades. ESG has its
 headquarters in Evansville with offices in Indianapolis, Chicago, Kansas City
 and Johnson City, Tenn.
     Vectren (NYSE:   VVC) is an energy and applied technology holding company
 headquartered in Evansville, Ind. Vectren's energy delivery subsidiaries
 provide gas and/or electricity to approximately one million customers in
 adjoining service territories that cover nearly two-thirds of Indiana and 16
 counties in west central Ohio.  Vectren's non-regulated subsidiaries and
 affiliates provide energy-related products and services, fiber-optic based
 communications services, and utility related services, including materials
 management, debt collections, underground pipeline construction and repair,
 underground facilities locating and meter reading services to customers
 throughout the surrounding region.  To learn more about Vectren, visit
 www.vectren.com .
     Media Contact at Vectren Corporation is Mary Beth Reese, 812-491-4140.
 For additional information about ESG visit www.energysg.com or call Daniel W.
 Sanders, Energy Systems Group, Director of marketing and business development,
 at 475-2550, ext. 2541.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X63592443
 
 SOURCE  Vectren Corporation