Vectren selling coal-mining subsidiary

(WANE Photo, file/Arnold Paul, Creative Commons)
(WANE Photo, file/Arnold Paul, Creative Commons)

EVANSVILLE, Ind. (AP) — One of Indiana’s largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners’ jobs at risk.

Evansville-based Vectren Corp. officials announced Tuesday that they’re selling Vectren Fuels to Sunrise Coal LLC for $296 million, with capital adjustments not to ex ceed $325 million. The sale is expected to be finalized later this year with Sunrise Coal, a subsidiary of Hollador Energy Company.

The Evansville Courier & Press reports that Vectren Fuels owns three coal mines in southwestern Indiana that employ nearly 850 coal miners.

Those coal-mining jobs are not guaranteed after the sale is finalized, but Vectren notes that Sunrise Coal will start the hiring process soon and that all miners currently employed will be considered for hire. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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