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NI Stock - NiSource Inc.


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NiSource Inc., a prominent energy holding company based in Merrillville, Indiana, operates as a regulated utility provider across the United States. The company functions through two primary segments: Gas Distribution Operations and Electric Operations. NiSource serves a diverse customer base, supplying natural gas to approximately 853,000 customers in northern Indiana and an additional 2.4 million residential, commercial, and industrial customers spread across Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. With a robust infrastructure encompassing 54,600 miles of distribution pipelines and 1,000 miles of transmission pipelines, NiSource ensures reliable delivery of natural gas while maintaining customer service lines.

In the realm of electricity, NiSource distributes power to around 483,000 customers spanning 20 counties in northern Indiana. Beyond local distribution, the company engages in wholesale electric transactions and manages transmission operations. NiSource operates a diverse portfolio of generating assets, including coal-fired stations such as the 722 MW facility in Wheatfield and the 455 MW plant in Michigan City. Additionally, the company boasts a 563 MW combined cycle gas turbine in West Terre Haute, as well as smaller-scale hydro and wind generating units in Carroll County and White County, Indiana, contributing to its sustainable energy initiatives.

Established in 1847 and originally known as NIPSCO Industries, Inc., NiSource Inc. rebranded in April 1999 to reflect its expanded operations and strategic focus. Committed to innovation and community engagement, NiSource continues to evolve its energy solutions to meet the evolving needs of its diverse customer base while upholding its legacy of service and reliability in the energy sector.

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Stock Sector: Utilities: Diversified Utilities

 

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