Welcome to our dedicated page for NiSource news (Ticker: NI), a resource for investors and traders seeking the latest updates and insights on NiSource stock.
NiSource Inc. (NI) delivers essential energy services to millions across its operational footprint through regulated natural gas distribution and electric utility operations. This news hub provides investors and stakeholders with authoritative updates on infrastructure investments, regulatory compliance, and operational milestones shaping the company's role in North America's energy landscape.
Access timely press releases covering earnings reports, safety initiatives, and strategic capital projects. Our curated collection includes filings with public utility commissions, environmental stewardship updates, and community partnership announcements – all critical for evaluating NI's position in the regulated utilities sector.
Key updates focus on grid modernization efforts, rate case developments, and renewable energy integration within NiSource's service territories. Bookmark this page for direct access to primary source materials that inform analysis of the company's operational reliability and long-term infrastructure investment strategy.
The board of directors of NiSource declared a quarterly dividend of 23.5 cents per share, payable on February 18, 2022, to shareholders of record by February 8, 2022. This increase marks an annualized dividend of 94 cents, up nearly 7% from last year's 88 cents. NiSource aims for a payout ratio of 60%-70% while targeting a 7%-9% compound annual growth rate in diluted net operating earnings per share through 2024.
NiSource Inc. (NYSE: NI) published its 2021 Climate Report, highlighting significant goals including a 100% coal-free energy mix by 2026-2028 and a 90% reduction in greenhouse gas emissions by 2030. The company has already achieved a 63% reduction and aims for a 50% reduction in methane emissions by 2025. Additionally, NiSource plans to add 3,300 megawatts of renewable energy by 2023 and reduce water withdrawals by 99% by 2030. The report emphasizes a commitment to customer engagement and a just energy transition, ensuring that economically vulnerable customers benefit from sustainable practices.
NiSource Inc. (NYSE: NI) announced the departure of Anne-Marie D'Angelo, executive vice president and general counsel, who will join Molson Coors Beverage Company (NYSE: TAP) as Chief Legal and Government Affairs Officer. D'Angelo, who joined NiSource in 2019, significantly enhanced the legal team, ethics, and ESG programs during her tenure. Kim Cuccia, Vice President and Deputy General Counsel, has been appointed interim General Counsel while the company searches for a permanent replacement. D'Angelo's contributions were praised for their impact on high-profile rate cases.
NiSource Inc. (NYSE: NI) reported a significant turnaround in its financials for Q3 2021, with a net income of $49.4 million, or $0.12 EPS, compared to a net loss of $186.7 million in Q3 2020. For the nine months ended September 30, 2021, net income reached $377.6 million, or $0.91 EPS. The company forecasted 2022 non-GAAP diluted EPS guidance of $1.42 to $1.48, anticipating continued growth of 7% to 9% through 2024. NiSource is focusing on renewable energy investments, with approximately $10 billion in capital investments planned from 2021 to 2024 to improve safety, reliability, and sustainability.
Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource (NYSE: NI), has initiated construction on its first two solar projects in Indiana: Dunns Bridge Solar I and Indiana Crossroads Solar. Expected to be operational in 2022, Dunns Bridge Solar I will generate 265 MW, powering 79,500 homes, while Indiana Crossroads Solar will produce 200 MW. These initiatives are part of NIPSCO's transition plan towards renewable energy, aiming for a coal-free operation by 2028, projected to save customers $4 billion long-term. The projects are anticipated to boost local tax revenue by $59 million and create 300 jobs.
Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), revealed enhanced plans for its electric generation portfolio as part of its 2021 Integrated Resource Plan (IRP). The plan includes retiring the Michigan City Generating Station between 2026 and 2028 and replacing it with diversified resources like solar and energy storage. NIPSCO aims for a 90% carbon emissions reduction by 2030 and will execute various renewable energy projects, including wind and solar, between now and the end of 2023. Stakeholder input will guide the final plan to be submitted by November 15, 2021.
NiSource Inc. (NYSE: NI) will host a conference call on November 3, 2021, at 11 a.m. ET to discuss its third quarter financial results. The company plans to release these results before the U.S. markets open on the same day. Interested parties can listen to the call live via NiSource's website, and a replay will be available from 2 p.m. ET on November 3 through November 10, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.
NiSource has launched the Columbia Gas and NIPSCO mobile apps, enhancing customer service through digital convenience. These apps, available on the Apple App Store and Google Play Store, allow bill payments, service management, outage reporting, and more. Senior Vice President Jennifer Montague emphasized the importance of meeting customer demands for digital options. Future enhancements include a Chatbot and Live Chat support in early 2022. NiSource, serving 3.2 million gas and 500,000 electric customers, aims to improve service delivery and customer interaction.
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