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. (NYSE: NI) generates a steady flow of news as a fully regulated utility company serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its Columbia Gas and NIPSCO brands. The company’s announcements highlight developments in natural gas distribution, regulated electric utility operations and large-scale capital investment programs.
News about NiSource often focuses on financial results and guidance, including quarterly earnings releases that discuss GAAP and non-GAAP adjusted earnings, capital expenditure plans and multi-year earnings growth expectations. Investors can follow updates on how NiSource links its capital investment program to expected rate base growth and adjusted earnings per share guidance over extended planning horizons.
Another major theme in NiSource news is regulatory and structural developments. The company has reported approvals from the Indiana Utility Regulatory Commission for structures such as NIPSCO Generation LLC (GenCo), which is designed to own, build and manage generation assets to serve the growing data center industry in northern Indiana while protecting existing NIPSCO retail customers from associated costs. NiSource also issues releases on rate cases and approved changes to NIPSCO’s electric rates, including how those changes support investments in reliability, grid modernization and customer programs.
NiSource’s news flow also covers financing and capital markets activity, such as senior notes offerings, junior subordinated notes, and at-the-market equity offering programs described in SEC filings and press releases. These items explain how the company plans to fund capital expenditures, working capital and debt repayment. Additional news includes dividend declarations, conference call announcements, and leadership or investor relations appointments.
By following NiSource news, readers can track how the company manages its regulated utility operations, pursues growth opportunities like data center-related electric service, engages with regulators, and structures its financing. Bookmarking the NiSource (NI) news page on Stock Titan provides a single place to review these updates over time.
Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), announced the successful launch of its first two wind projects in Indiana, Rosewater Wind (102 MW) and Jordan Creek Wind (400 MW). Both projects are part of NIPSCO's 'Your Energy, Your Future' strategy, aimed at transitioning to cost-effective and cleaner energy. Notably, the Rosewater project utilized a unique tax equity investment model, promoting lower costs for consumers. NIPSCO plans to be coal-free by 2028, saving customers an estimated $4 billion in the long term, with additional renewable projects in the pipeline.
NiSource Inc. (NYSE: NI) declared a quarterly dividend of 22 cents per share, payable on Feb. 19, 2021, to shareholders of record by Feb. 9, 2021. This marks an increase of nearly 5% from last year’s 84 cents per share, resulting in an annualized dividend of 88 cents. The company aims to balance dividend growth with funding investment opportunities while maintaining a 60 to 70 percent payout ratio. Additionally, a dividend of $406.25 per share was declared for Series B Preferred Stock, payable on March 15, 2021.
NiSource Inc. (NYSE: NI) will host a conference call on February 17, 2021, at 11:00 a.m. ET to discuss its year-end and fourth quarter 2020 financial results, as well as provide a business update. The financial results will be released prior to market opening on the same date. Interested parties can access the live call via the company’s website. A replay will be available later that day and accessible until February 24, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.
Northern Indiana Public Service Company (NIPSCO) has signed a long-term Power Purchase Agreement (PPA) with Capital Dynamics' Clean Energy Infrastructure to purchase 280MW from the Gibson Solar project in Indiana. This move aligns with NIPSCO's plan to transition to cleaner energy, aiming to be coal-free by 2028, potentially saving customers $4 billion. The solar project is set to begin construction in 2022 and go commercial by 2023. The partnership underscores NIPSCO's commitment to deliver sustainable, reliable energy while supporting local development.
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NiSource has joined the Asset to Vendor Network (A2V), enhancing its cybersecurity measures by sharing critical security data with prominent utility companies like American Electric Power. This initiative aims to strengthen third-party risk management, decreasing operational costs while bolstering the security of its supply chain for natural gas and electric utilities. With approximately 3.2 million natural gas customers and over 500,000 electric customers across six states, NiSource's involvement signals a commitment to improving cybersecurity within the utility sector, benefiting both its operations and the broader network.
NiSource reported a net loss of $186.7 million for Q3 2020, compared to a loss of $7.2 million in Q3 2019. For the nine months ending September 30, 2020, the net loss was $143.4 million, down from a profit of $481 million in the same period last year. Non-GAAP net operating earnings for Q3 2020 were $36.3 million. NiSource emphasizes ongoing investments in renewable energy, targeting a 90% reduction in greenhouse gas emissions by 2030. The company reaffirms its 2021 earnings guidance of $1.28 to $1.36 per share and its planned capital investment of $1.7 to $1.8 billion for 2020.
NiSource (NYSE: NI) announced the resignation of Carrie Hightman, chief legal officer and CEO of Columbia Gas of Massachusetts, following the sale of CMA to Eversource. Hightman will leave NiSource entirely in January 2021, with her legal oversight position being eliminated. Anne-Marie D’Angelo, currently senior vice president, will succeed Hightman, becoming an executive vice president on January 30, 2021. This transition reflects a shift in leadership poised to contribute to NiSource's strategic goals.
Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), will add 900 megawatts of solar energy through the Dunns Bridge I, Dunns Bridge II, and Cavalry Solar Energy Centers. Construction begins in 2022, with operations expected in 2022 and 2023. The projects, developed with NextEra Energy Resources, will generate enough energy to power 270,000 homes and are projected to save customers $4 billion over the long term. These initiatives align with NIPSCO's commitment to a coal-free energy portfolio by 2028, enhancing reliability and affordability.
NiSource Inc. (NYSE: NI) will host a conference call on November 2, 2020, at 11:00 a.m. ET to discuss its third quarter financial results and provide a business update. Earnings will be released before U.S. markets open on the same day. Interested parties can access the live webcast on NiSource's website. A replay will be available starting at 2:00 p.m. ET on November 2 until 11:59 p.m. ET on November 9. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states, focusing on reliable energy delivery.