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) is a prominent energy company that serves nearly 4 million natural gas and electric customers across seven states in the United States. With local utilities such as Columbia Gas and NIPSCO under its umbrella, NiSource ensures the delivery of safe, reliable, and affordable energy every day. Headquartered in Merrillville, Indiana, just 35 miles from Chicago, the company also maintains a significant corporate presence in Columbus, Ohio.
NiSource's operations span across Indiana, Kentucky, Maryland, Massachusetts, Pennsylvania, Virginia, and Ohio, marking it as one of the largest natural gas distribution companies in the nation. The company caters to approximately 3.2 million natural gas customers and about 500,000 electric utility customers in northern Indiana. It owns over 3,000 megawatts of generation capacity, which includes coal, natural gas, and renewable energy sources.
In its commitment to energy infrastructure, NiSource proactively invests around $1.4 billion annually to enhance and maintain its systems, ensuring that it meets and surpasses customer expectations for the next century. Employing over 7,000 individuals, NiSource actively engages in the communities it serves, contributing to making them excellent places to live.
The company's strategic focus extends beyond immediate operations to sustainability and long-term improvement projects. For instance, NiSource continues to expand its renewable energy initiatives, aiming to deliver cleaner, more sustainable energy solutions to its customers.
Recent achievements include significant advancements in energy infrastructure, customer service enhancements, and new partnerships that drive innovation in the energy sector. NiSource remains committed to balancing growth with environmental stewardship, financial responsibility, and community engagement.
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.
On August 10, 2021, NiSource Inc. (NYSE: NI) announced a quarterly common stock dividend of 22 cents per share, payable on November 19, 2021, to shareholders of record by October 29, 2021. Additionally, the company declared preferred stock dividends of $28.25 for the 5.650% Series A and $406.25 for the 6.50% Series B, both payable on December 15, 2021, to shareholders of record by November 23, 2021. NiSource serves over 3.2 million natural gas customers and is a member of the Dow Jones Sustainability - North America Index.
NiSource Inc. (NYSE: NI) reported a net income of $46.5 million, or $0.11 per diluted share, for Q2 2021, marking a significant turnaround from a net loss of $18.5 million, or $0.05 per share, in the same period last year. For the first half of 2021, net income rose to $328.2 million, or $0.80 per diluted share, compared to $43.3 million, or $0.11 per share, in 2020. Additionally, the company announced a capital investment plan of $1.9 to $2.1 billion for 2021, aimed at sustaining a 7-9% annual growth in net operating earnings per share through 2024.
NiSource Inc. (NYSE: NI) will announce its second quarter 2021 earnings before the U.S. markets open on August 4, 2021. The company will host a conference call at 11 a.m. ET on that date to discuss the financial results and provide a business update. Interested parties can access the live webcast on the NiSource website. A replay will be available starting at 2 p.m. ET on August 4, through August 11, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.
NiSource Inc. (NYSE: NI) has appointed Melanie Berman as Senior Vice President & Chief Human Resources Officer and Carlos Ayala as Vice President & Chief Diversity, Equity & Inclusion Officer. Berman brings over 15 years of HR leadership experience, focusing on talent management and employee experience. Ayala, previously with Honeywell, will enhance the company's DE&I vision. These appointments are seen as significant steps in strengthening NiSource's organizational culture and commitment to diversity and inclusion.
The board of directors of NiSource today declared a quarterly common stock dividend of 22 cents per share, payable on August 20, 2021 to stockholders of record by July 30, 2021. Additionally, a dividend of $406.25 per share on the 6.50% Series B Preferred Stock will be paid on September 15, 2021 to stockholders of record by August 24, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states, emphasizing reliability and sustainability in energy delivery.
Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), has launched a new request for proposals (RFP) to address future electric needs from May 20 to June 30, 2021. This initiative is part of its 2021 Integrated Resource Plan (IRP), facilitating stakeholder engagement. NIPSCO aims to transition to a coal-free operation by 2028, involving investments in renewable energy. The RFP seeks 400 to 650 megawatts of capacity from wind, solar, and other resources, aiming to ensure affordable and sustainable energy for customers.
Columbia Gas of Maryland, a subsidiary of NiSource (NYSE: NI), has requested approval from the Maryland Public Service Commission for revised rates to enhance its natural gas distribution infrastructure. If approved, the adjustments would raise average customer bills by 11.35% for residential users, 8.57% for small commercial users, and 6.23% for industrial customers. The planned investments will total an annual revenue increase of $6.3 million, supporting the modernization of services while ensuring long-term customer safety and compliance with industry standards.
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