NiSource Inc. reports developments for a fully regulated U.S. utility business that serves natural gas customers through Columbia Gas brands and gas and electric customers in Indiana through NIPSCO. Company news commonly covers quarterly and annual results, adjusted earnings guidance, funds-from-operations metrics, common stock dividends, and operating updates tied to regulated energy service.
Recurring updates also address Indiana energy infrastructure, NIPSCO Generation LLC initiatives, data-center-related electric demand, generation planning, customer cost-savings mechanisms, grid reliability, and regulatory requirements affecting power generation assets. NiSource communications frequently connect capital investment, utility regulation, and local economic development across its multi-state gas and electric footprint.
NiSource (NYSE: NI) will hold an Investor Day in New York City on November 7, 2022, from noon to 3 p.m. EST. This event will provide a comprehensive update from senior management, addressing the company's plans and insights. Additionally, NiSource will release its third quarter financial results before U.S. markets open on the same day. Following the Investor Day, further investor meetings will occur at the Edison Electric Institute Financial Conference from November 13 to 15.
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NiSource Inc (NYSE: NI) announced the departure of Executive Vice President Pablo Vegas, who will assume the role of President and CEO of the Electric Reliability Council of Texas (ERCOT) on October 1, 2022. Serving at NiSource for six years, Vegas held multiple key positions, contributing significantly to company leadership. He will remain with the company until September 2, 2022, during which a national search for his replacement will be conducted. The company expressed gratitude for Vegas's service and leadership at NiSource.
On August 9, 2022, NiSource Inc. (NYSE: NI) announced a quarterly dividend of 23.5 cents per share, payable on November 18, 2022, to stockholders of record by October 31, 2022. Additionally, dividends of $28.25 and $406.25 per share were declared for the Series A and Series B Preferred Stocks, respectively, both payable on December 15, 2022. These dividends underscore NiSource's commitment to returning value to shareholders while maintaining its role as a significant utility provider in the U.S.
NiSource Inc. (NYSE: NI) reported a net income of $53.2 million, or $0.12 per share, for Q2 2022, marking a rise from $46.5 million or $0.11 per share in Q2 2021. Year-to-date, net income reached $466.2 million, or $1.06 per share, up from $328.2 million or $0.80 per share. The company reaffirms its 2022 earnings guidance of $1.42 to $1.48 per share and aims for 7-9% long-term growth. Key projects in renewable energy and regulatory settlements in various states are progressing as planned. NiSource is on track to retire coal operations by 2026-2028.
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NiSource Inc. (NYSE: NI) will announce its second quarter 2022 financial results before the U.S. markets open on August 3, 2022. A conference call to review these results and provide a business update is scheduled for 11 a.m. ET on the same day. Interested parties can listen live via the NiSource website. A replay will be available from 2 p.m. ET on August 3 until 11:59 p.m. ET on August 10, 2022. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers in the U.S.
NiSource (NYSE: NI) has launched chatbots and live chat technologies on its Columbia Gas and NIPSCO platforms, enhancing customer service accessibility. This initiative aims to address customer demand for immediate answers to key queries like payment plan enrollment and outage reporting. Customers can engage via live representatives for complex issues. Additionally, NiSource has introduced mobile apps and an improved IVR system for easier account management. This digital transformation reflects NiSource's commitment to improving customer convenience and experience.
NiSource Inc. (NYSE: NI) successfully closed its first Green Bond issuance, raising $350 million to finance eligible renewable energy projects in Indiana. The 30-year senior, unsecured notes have a coupon rate of 5.00% and will commence interest payments on December 15, 2022. Proceeds will support the acquisition of the 302-megawatt Indiana Crossroads Wind project and 102-megawatt Rosewater Wind project. NiSource plans to retire all coal-fired generation by 2026-2028 and expects to invest $10 billion in capital projects by 2024.
NiSource (NYSE: NI) announced new additions to its executive leadership team, effective July 1, 2022. Melody Birmingham will become the EVP and Chief Innovation Officer, bringing 25 years of experience from Duke Energy. William (Bill) Jefferson joins as EVP of Operations and Chief Safety Officer, aiming to enhance operational excellence. Melanie Berman, previously SVP and Chief Human Resources Officer, has been elevated to the executive team. These leadership changes are expected to clarify accountability and drive excellence across the organization.