Company Snapshot

Investment Thesis

NiSource operates regulated gas and electric utilities across Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. Infrastructure replacement and renewable investments support 6-8% EPS growth.

  • Gas Modernization: Accelerated pipe replacement programs earn attractive returns.
  • Electric Transition: Solar and storage replace legacy coal plants in Indiana.
  • Stakeholder Alignment: Safety initiatives and affordability plans sustain regulatory support.

Strategic Mix

Gas Distribution Columbia Gas utilities across Midwest and Mid-Atlantic
Electric Utility NIPSCO electric generation and distribution
Capital Projects Renewables, grid, and storage development
Customer Programs Energy efficiency, weatherization, and EV pilots

Mix follows NiSource's gas-focused footprint with a single electric utility.

Recent Performance

MTD TBD
QTD TBD
YTD TBD
5Y TBD

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Strategic Insights

Rate Base Growth

Double-digit capital plan expands regulated asset base through 2028.

Renewables Partnerships

Build-transfer agreements de-risk execution.

Financing Flexibility

At-the-market equity and hybrid securities keep leverage in check.

Latest Coverage

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