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. (NI) delivers essential energy services to millions across its operational footprint through regulated natural gas distribution and electric utility operations. This news hub provides investors and stakeholders with authoritative updates on infrastructure investments, regulatory compliance, and operational milestones shaping the company's role in North America's energy landscape.
Access timely press releases covering earnings reports, safety initiatives, and strategic capital projects. Our curated collection includes filings with public utility commissions, environmental stewardship updates, and community partnership announcements – all critical for evaluating NI's position in the regulated utilities sector.
Key updates focus on grid modernization efforts, rate case developments, and renewable energy integration within NiSource's service territories. Bookmark this page for direct access to primary source materials that inform analysis of the company's operational reliability and long-term infrastructure investment strategy.
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.
NiSource Inc. announced the pricing details of its cash tender offer, aiming to repurchase up to $150 million in bonds, including various notes maturing between 2040 and 2045. As of August 25, 2020, valid tenders included $97.4 million of 6.25% Notes due 2040 and $52.6 million of 5.95% Notes due 2041. The Total Consideration for purchased notes was calculated based on a fixed spread and included an Early Tender Payment of $30 per $1,000. The offer expires on September 9, 2020, subject to conditions outlined in the Offer to Purchase.
On August 26, 2020, NiSource announced the early results of its cash tender offer to repurchase up to $150,000,000 in outstanding notes. The offer covers various notes due between 2040 and 2045. Valid tenders totaled approximately $97.4 million for the 6.25% notes due in 2040, along with significant amounts for others, including $223.5 million for the 5.95% notes due in 2041. The Maximum Tender Offer has been fully subscribed, with the early settlement date set for August 27, 2020. The offer will expire on September 9, 2020, unless extended.
NiSource announced the completion of its Any and All Tender Offer for its outstanding Notes, which include 4.45% Notes due 2021, 2.650% Notes due 2022, and others. The tender offer expired on August 18, 2020, and NiSource reported valid tenders amounting to $2,922,000 for the 4.45% Notes, $415,270,000 for the 2.650% Notes, $146,559,000 for the 3.85% Notes, and $254,453,000 for the 3.650% Notes. The Total Consideration paid will include accrued interest, with a settlement date expected on August 19, 2020. Proceeds from a Financing Transaction will fund the offer.
On August 12, 2020, NiSource Inc. (NYSE: NI) announced the pricing of a public offering totaling $1.25 billion in 0.950% Senior Notes due 2025 and $750 million in 1.700% Senior Notes due 2031. The offering is set to close on August 18, 2020. Proceeds will be used primarily for purchasing certain outstanding debt securities and redeeming privately placed notes. Key financial institutions, including Citigroup and Morgan Stanley, are managing the offering. NiSource is one of the largest regulated utility companies, serving around 4 million customers across seven states.
NiSource has launched cash tender offers to buy back specific outstanding debt securities, totaling up to $150 million. The securities include 4.45% Notes due 2021, 2.650% Notes due 2022, and several others due between 2023 and 2045. The Any and All Tender Offer expires on August 18, 2020, while the Maximum Tender Offer lasts until September 9, 2020. Proceeds from a recent public offering will fund these purchases. Holders are advised to review the Offer to Purchase for complete terms and conditions.
On August 11, 2020, NiSource Inc. (NYSE: NI) announced a quarterly common stock dividend of 21 cents per share, payable on November 20, 2020, to shareholders of record by October 30, 2020. Additionally, dividends for preferred stocks were declared: $28.25 per share on Series A and $406.25 per share on Series B, both payable on December 15, 2020. These dividends reflect the company's commitment to returning value to shareholders while maintaining operational stability.
