NI 📈 NiSource - Overview

NiSource Inc. is a prominent energy holding company that operates as a regulated natural gas and electric utility company, serving a substantial customer base across the United States. The company's operations are segmented into two primary categories: Gas Distribution Operations and Electric Operations. Through its Gas Distribution Operations, NiSource Inc. distributes natural gas to approximately 3.3 million customers, leveraging an extensive network of around 55,000 miles of distribution main pipeline and associated individual customer service lines, as well as 1,000 miles of transmission main pipeline in key regions such as northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.

In addition to its natural gas distribution operations, NiSource Inc. is also engaged in the generation, transmission, and distribution of electricity to around 0.5 million customers in various counties in northern Indiana. The company participates in wholesale electric and transmission transactions, further diversifying its operations. Its portfolio of power generation assets includes coal-fired electric generating stations in Wheatfield and Michigan City, a combined cycle gas turbine in West Terre Haute, natural gas generating units in Wheatfield, hydro generating plants in Carroll County and White County, wind generating units in White County, Indiana, and solar generating units in Jasper County and White County. This diversified mix of generation assets enables NiSource Inc. to maintain a balanced and reliable energy supply for its customers.

With a history dating back to 1847, NiSource Inc. has evolved significantly over the years, adapting to changes in the energy landscape and regulatory environment. Formerly known as NIPSCO Industries, Inc., the company changed its name to NiSource Inc. in April 1999, marking a significant milestone in its transformation. Headquartered in Merrillville, Indiana, NiSource Inc. is committed to delivering value to its customers, shareholders, and the communities it serves, with a focus on operational excellence, customer satisfaction, and sustainable energy solutions. The company's common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol NI, and it is classified under the Multi-Utilities sub-industry within the GICS sector.