NiSource Inc - Company Profile
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Business Description
NiSource Inc (NiSource) is an energy utility that generates, transmits, and distributes electricity. It produces electricity from coal, gas and hydro sources. The company also distributes natural gas to industrial, commercial, residential, and other customers in six states. It also operates electricity transmission systems and natural gas transmission pipelines.
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Business Segments
Overview
Generates, transmits, and distributes electricity Operates through NIPSCO, which supplies energy to customers in 20 counties in northern Indiana. Also carries out wholesale and transmission transactions. NIPSCO owns and operates coal-fired electric generating stations, a combined cycle gas turbine (CCGT) plant, a Sugar Creek and hydroelectricity generating plants. NIPSCO is interconnected with eight neighboring electric utilities. In FY2022, the segment’s capital expenditure stood at US$574.5 million, which increased 11% YoY.
Performance
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Overview
Distributes natural gas to industrial, commercial, residential, and other customers in seven states in the US. Owns distribution subsidiaries that provide natural gas to approximately 2.4 million commercial, residential, and industrial customers in Kentucky, Ohio, Pennsylvania, Maryland, Virginia, and Massachusetts In FY2022, the segment’s capital expenditure stood at US$1,682.3 million, which increased 19.6% YoY.
Performance
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Performance
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