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. 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.
Columbia Gas of Pennsylvania, a subsidiary of NiSource (NYSE: NI), has requested the Pennsylvania Public Utility Commission to approve revised rates to upgrade its natural gas distribution pipelines. If approved, the new rates will take effect in December 2021, leading to bill increases of approximately 14.49% for residential customers. Total annual revenue is projected to increase by $98.3 million. The utility has invested over $2.5 billion since 2007 to modernize infrastructure, emphasizing safety and regulatory compliance.
EDP Renewables, through its subsidiary, has partnered with Northern Indiana Public Service Company (NIPSCO) to execute long-term agreements for two renewable energy projects in Indiana. The Indiana Crossroads II Wind Farm, with a capacity of 204 MW, and the 200 MW Indiana Crossroads Solar Park aim to boost the state's clean energy transition. The projects, expected operational by 2023 and 2022 respectively, will contribute to over 1.6 GW of capacity from EDP Renewables in Indiana, enough to power more than 410,000 homes. NIPSCO plans to be coal-free by 2028, enhancing its energy mix and saving customers $4 billion long-term.
EDP Renewables and NIPSCO have signed a Power Purchase Agreement (PPA) for the 204 MW Indiana Crossroads II Wind Farm and a Build & Transfer Agreement (BTA) for a 200 MW Solar Park in Indiana. The wind farm is expected to be operational by 2023, while the solar park is anticipated to be ready in 2022. These projects add to the existing renewable energy capacity in White County, where EDP Renewables is already the largest operator with over 1,001 MW. The agreements support Indiana's clean energy transition and economic growth, with NIPSCO aiming to be coal-free by 2028.
Northern Indiana Public Service Company (NIPSCO) has partnered with Invenergy to develop the Fairbanks Solar project, a 250 megawatt solar initiative in Sullivan County, Indiana, set to begin operations in fall 2023. This project, involving a $110 million investment, is expected to create 250 jobs during construction and aims to save customers $4 billion by transitioning to cleaner energy. NIPSCO plans to become coal-free by 2028, enhancing its renewable energy portfolio as part of its 'Your Energy, Your Future' strategy.
On March 16, 2021, NiSource Inc. (NYSE: NI) announced the declaration of a quarterly common stock dividend of 22 cents per share, payable on May 20, 2021, to stockholders of record by April 30, 2021. Additionally, dividends were declared for preferred stocks: $28.25 per share on the 5.650% Series A stock, and $406.25 for the 6.50% Series B stock, both payable on June 15, 2021. These dividends reflect the company's ongoing commitment to returning value to shareholders.
NiSource Inc. has launched an "at-the-market" equity offering program, allowing it to sell up to $750 million in shares of its common stock. The company has forged agreements with several prominent financial institutions to act as sales agents for this program. Proceeds from the offerings will be used for general corporate purposes, including capital expenditures and debt repayment. A registration statement for the securities has been filed with the SEC and is effective under the Securities Act. Investors are encouraged to review the accompanying prospectus for detailed information.
NiSource Inc. (NYSE: NI) reported a net income of $70.7 million, or $0.18 per share, for Q4 2020, a significant recovery from a net loss of $153.0 million in Q4 2019. However, the company faced a net loss of $72.7 million for the full-year 2020 compared to a profit of $328.0 million in 2019. Non-GAAP earnings were $130.1 million for Q4 2020, down from $169.6 million the previous year. NiSource anticipates capital investments of $1.9 to $2.1 billion in 2021, targeting a growth of 7-9% in earnings per share from 2021-2024. Key initiatives include significant renewable investments and safety enhancements.
NiSource Inc. (NYSE: NI) has promoted Anne-Marie D'Angelo to executive vice president, general counsel, and corporate secretary as of January 30. D'Angelo, who joined NiSource in September 2019, previously served as senior vice president for the same roles. She will lead the company's legal department and contribute to the executive leadership team. Joe Hamrock, NiSource’s President and CEO, praised her integrity and leadership capabilities. NiSource is a major utility provider, serving 3.2 million gas and 500,000 electric customers across six states.
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.