Report: Evansville-based Vectren has 'launched a sale process'

The S&P Global report, published Tuesday, states the sale process began Feb. 6. It does not name a buyer. The company's power plants have a combined net value of $523 million, according to the report, and its headline reads: "11 of Vectren's power plants valued at $523 (million), amid potential sale."

An anonymously sourced Bloomberg News article in August reported Vectren was "working with a financial adviser after being approached by at least one potential buyer," but it also stated the company had not been formally put up for sale.

Vectren officials say they do not comment on marketplace rumors. The utility has called a news conference for Tuesday afternoon on a different topic — the company's long-term electricity generation strategy.