NiSource

NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO (Northern Indiana Public Service Company) brands. Headquartered in Merrillville, Indiana, NiSource operates in two primary segments: Columbia Operations and NIPSCO Operations. The company employs approximately 7,700 people and focuses on delivering safe, reliable, and affordable energy while investing heavily in infrastructure modernization and the transition to cleaner energy sources. NiSource's natural gas utilities serve residential, commercial, and industrial customers through nearly 60,000 miles of pipeline and related facilities in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. The electric utility operations provide distribution, generation, and transmission services primarily in northern Indiana. As of 2024, NiSource reported operating revenues of $5.5 billion and is executing an ambitious $19.4 billion capital investment plan from 2025 to 2029 focused on infrastructure modernization, generation transition to renewable energy, and customer growth. The company has reduced greenhouse gas emissions by approximately 72% from 2005 levels and is committed to achieving net-zero emissions by 2040. NiSource is on track to retire 100% of its coal assets by 2028 and replace them primarily with renewable energy sources, including utility-scale solar projects. The company's strategic priorities include ensuring safety and reliability, modernizing aging infrastructure, transitioning to clean energy, maintaining affordability for customers, and fostering inclusive economic development in the communities it serves. NiSource has received recognition for ease of doing business with customers, with several operating companies scoring among the highest in industry satisfaction surveys. The company is positioned to benefit from long-term trends including natural gas infrastructure supporting hydrogen and renewable natural gas, electrification, and the energy transition.