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NiSource Inc. - NI STOCK NEWS

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.

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NiSource Inc. reaffirms its 2023 non-GAAP NOEPS guidance in the upper half of the range and introduces 2024 non-GAAP NOEPS guidance. The company also extends its annual 6-8% growth plan from 2023-2028. The NIPSCO minority interest transaction with Blackstone Infrastructure Partners is on-track for closing by the end of 2023. NiSource incorporates an additional $1 billion in capital expenditures across its 5-year plan horizon.
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NiSource Inc. has released its 2023 ESG Report, highlighting efforts at advancing environmental, social, and governance initiatives. The report outlines steps taken to reduce greenhouse gas emissions, support land conservation programs, and foster an inclusive workplace. NiSource is dedicated to ensuring effective and honest governance and preparing for a future with diverse energy options.
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Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource Inc., has requested an adjustment to its natural gas base rates. The request is driven by federal safety regulations, system upgrades, and infrastructure improvements. The proposed increase would result in an estimated overall increase of approximately $8 per month for residential customers. The request will undergo a regulatory review process.
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NiSource announces final remarketing period for its Series C Mandatory Convertible Preferred Stock
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NiSource Receives FERC Approval for Acquisition of 19.9% Equity Interest in NIPSCO Subsidiary by Blackstone Infrastructure Partners
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NiSource Inc. to host conference call to review Q3 2023 financial results and provide business update
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NiSource commends the U.S. Department of Energy's Office of Clean Energy Demonstrations on awarding $7 billion in grants for hydrogen hubs. NiSource is involved with the Midwest Alliance for Clean Hydrogen Hub and the Appalachian Regional Clean Hydrogen Hub. They also launched a hydrogen blending project to determine optimal blend percentages and their benefits. NiSource sees hydrogen as a diverse, clean energy option.
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NiSource Inc. launches hydrogen blending project to determine optimal blend percentages and environmental benefits.
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NiSource Inc. has decided to postpone the remarketing of its Series C Mandatory Convertible Preferred Stock due to market conditions. The remarketing period is now expected to occur in November 2023. Goldman Sachs & Co. LLC will continue to act as the remarketing agent.
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NiSource Inc. intends to remarket up to 862,500 shares of its Series C Mandatory Convertible Preferred Stock, with a liquidation preference of $1,000 per share. The remarketing is subject to market conditions and will take place from October 2 to October 23, 2023. The stock will automatically convert into NiSource common stock on March 1, 2024, depending on the forty-day volume weighted average price. If the closing price of NiSource common stock is $24.3783 or less, the minimum conversion rate will be increased. Dividends may become payable on the stock if declared by NiSource's board of directors. The actual terms of the remarketed stock will be determined later. NiSource will not directly receive proceeds from the remarketing.
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FAQ

What is the current stock price of NiSource (NI)?

The current stock price of NiSource (NI) is $36.57 as of November 15, 2024.

What is the market cap of NiSource (NI)?

The market cap of NiSource (NI) is approximately 16.0B.

What services does NiSource Inc. provide?

NiSource Inc. provides natural gas and electric services to nearly 4 million customers across seven states in the U.S.

In which states does NiSource operate?

NiSource operates in Indiana, Kentucky, Maryland, Massachusetts, Pennsylvania, Virginia, and Ohio.

What are the main utilities under NiSource?

The main utilities under NiSource include Columbia Gas and NIPSCO.

Where is NiSource headquartered?

NiSource is headquartered in Merrillville, Indiana, with a significant corporate presence in Columbus, Ohio.

How many employees does NiSource have?

NiSource employs over 7,000 individuals.

What is NiSource's investment strategy?

NiSource invests approximately $1.4 billion annually in energy infrastructure to ensure reliable service and future improvement.

What is the generation capacity of NiSource's electric utility?

NiSource's electric utility owns over 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy sources.

How does NiSource contribute to the community?

NiSource actively engages in the communities it serves, making them great places to live through various community and sustainability initiatives.

What are some recent achievements of NiSource?

Recent achievements include advancements in energy infrastructure, customer service enhancements, and new partnerships in the energy sector.

What is NiSource's approach to sustainability?

NiSource focuses on expanding renewable energy initiatives and delivering more sustainable energy solutions to its customers.

NiSource Inc.

NYSE:NI

NI Rankings

NI Stock Data

16.01B
466.78M
0.14%
96.97%
1.43%
Utilities - Regulated Gas
Electric & Other Services Combined
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United States of America
MERRILLVILLE