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.
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.
NiSource Inc. (NYSE: NI) hosted a virtual investor day focusing on its long-term growth strategy, emphasizing safety, asset modernization, and renewable energy investments. The company reported a regulated rate base of nearly $14 billion and plans over $40 billion in infrastructure investments over the next 20 years, increasing previous estimates by $10 billion. The NiSource Next initiative aims for an 8% reduction in O&M costs in 2021. NiSource aims to retire 100% of coal generation by 2028, transitioning to renewables, saving customers over $4 billion in costs over 30 years.
NiSource Inc. (NYSE: NI) will host a virtual Investor Day on September 29, 2020, starting at 11:00 am ET. President and CEO Joe Hamrock, along with senior management, will outline the company's long-term growth strategy during the two-hour presentation, which will include a Q&A session. A webcast and presentation will be available on NiSource's website, with an audio replay starting an hour after the event until October 6, 2020. NiSource provides utility services to approximately 3.5 million natural gas and 500,000 electric customers across seven states.