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.
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NiSource Inc. (NYSE: NI) released its 2022 Integrated Annual Report, underlining its commitment to being a trusted energy partner. Key highlights include a renewed focus on operational excellence, safety, and sustainability. The company aims for net-zero Scope 1 and 2 greenhouse gas emissions by 2040, a goal that necessitates supportive regulations and advanced technologies. NiSource also plans to enhance economic inclusion by increasing spending with diverse suppliers, targeting 25% by 2025. The company has improved customer experience through expanded self-service tools. NiSource received accolades for its sustainability efforts, including recognition in the S&P Global Sustainability Yearbook. The comprehensive report emphasizes its vision of delivering safe and reliable energy while driving stakeholder value.
On April 12, 2023, NiSource Inc. (NYSE: NI) announced a conference call scheduled for May 3, 2023, at 11 a.m. ET to discuss its first quarter 2023 financial results. The company will release the results before U.S. markets open on the same day. Interested parties can access the call via the NiSource website. A replay of the call will be available from 2 p.m. ET on May 3 until 11:59 p.m. ET on May 10, 2023. NiSource serves approximately 3.3 million natural gas customers and 500,000 electric customers across six states. The company's commitment to safe and reliable energy has garnered recognition, including membership in the Dow Jones Sustainability - North America Index.
NiSource (NYSE: NI) has joined the North American Energy Security Assurance Database (NAESAD) alongside American Electric Power and Avangrid. This collaboration aims to enhance the cybersecurity of critical infrastructure by creating a comprehensive Software Bill of Materials (SBOM) repository. Recent vulnerabilities like SolarWinds and Log4J have underscored the necessity for thorough software component tracking. SBOMs provide vital data for utilities to ensure safe software practices. This initiative aligns with the recent 2023 National Cybersecurity Strategy by the White House, which encourages SBOM development to mitigate software risks. NiSource serves approximately 3.2 million natural gas and over 500,000 electric customers across several states, emphasizing its commitment to secure energy sources.
The 2022 Annual Safety Report from NiSource (NYSE: NI) emphasizes the company's dedication to safety across its six-state service area.
Key highlights include:
- Recognition for successfully implementing a Safety Management System, making it the second energy company in the sector to achieve this.
- Enhancements in customer safety through a new Damage Prevention Risk Model software.
- Replacement of over 265 miles of priority pipeline, including the final sections of cast iron pipe.
- Ongoing modernization of electric infrastructure and leak detection capabilities through Picarro-equipped vehicles.
- Strengthening of emergency management protocols through regular training.
NiSource aims to deliver safe, reliable energy while promoting sustainability and accountability.
NiSource Inc. (NYSE: NI) has successfully closed a bond issuance of $750 million in senior unsecured notes, maturing on March 30, 2028, with a coupon rate of 5.25%. The notes were priced at 99.829% of the principal amount, and interest will be paid semi-annually starting on September 30, 2023. The company plans to use the proceeds for general corporate purposes, including financing capital expenditures, enhancing working capital, and repaying existing debt. This issuance is a strategic move to optimize financial stability and support ongoing investments.
NiSource (NYSE: NI) announced the appointment of Michael Luhrs as executive vice president of strategy and risk, effective March 27, 2023. Luhrs, with nearly 25 years in the energy sector, will oversee key business functions including customer experience and sustainability. NiSource also restructured its executive team, with Shawn Anderson becoming chief financial officer and Donald Brown stepping into the role of chief innovation officer. Melody Birmingham takes on the position of group president, overseeing gas and electric segments. These changes aim to enhance leadership development and align strategies within the company.
The board of directors of NiSource (NYSE: NI) has declared a quarterly common stock dividend of 25 cents per share, payable on May 19, 2023, to stockholders on record as of April 28, 2023. Additionally, a dividend of $28.25 per share on the 5.65% Series A Preferred Stock and $406.25 per share on the 6.50% Series B Preferred Stock will be paid on June 15, 2023, to stockholders of record by May 24, 2023. NiSource serves approximately 3.3 million natural gas customers and 500,000 electric customers across six states, emphasizing reliability and affordability.