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. The company operates through two reportable business segments: Columbia Operations and NIPSCO Operations. In FY2024, the company’s capital expenditure stood at US$2,690.7 million, which grew 17.1% YoY. It serves approximately 3.8 million customers in states of the US.
Business Segments
Overview
Columbia Operations provides regulated natural gas service and transportation for residential, commercial, and industrial customers. It serves regions in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. In FY2024, the segment incurred a capital expenditure of US$1,209 million, which grew 4.3% YoY.
Performance
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Overview
Includes income derived from alternative revenue programs.
Performance
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Overview
Provides regulated gas and electric services in northern Indiana, serving residential, commercial, and industrial customers. It operates in the energy sector, focusing on natural gas distribution and electricity generation and distribution. In FY2024, the segment incurred a capital expenditure of US$2,252.4 million, which grew 74% YoY.
Performance
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