NiSource Inc.
NiSource Announces $900M At-The-Market Equity Issuance Program
Summary
On February 22, 2024, NiSource Inc. announced the establishment of an at-the-market equity issuance program under which it may sell shares of its common stock having an aggregate gross sales price of up to $900 million through December 31, 2025. The program involves multiple equity distribution agreements with various financial institutions. Proceeds from the sales will be used for general corporate purposes, including capital expenditures, working capital, and debt repayment.
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Exhibits (4)
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About NiSource Inc.
NiSource Inc. is a prominent energy holding company primarily focused on the distribution and transmission of natural gas and electricity. The company operates through regulated utility subsidiaries, offering essential energy services to millions of customers across seven U.S. states, including Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. NiSource engages in two major business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution segment is responsible for the safe delivery of natural gas to residential, commercial, and industrial customers, playing a critical role in heating and powering homes and businesses. The Electric Operations segment involves the generation, transmission, and distribution of electricity, supporting vital infrastructure and fostering regional economic development. NiSource's strategic initiatives emphasize enhancing customer service, ensuring safety, and advancing environmental sustainability. As a key player in the utility industry, NiSource contributes significantly to the energy market, impacting sectors related to energy production, infrastructure, and environmental initiatives. The company's regulated business model aims to provide stable returns while pursuing growth opportunities in expanding its service offerings and improving energy efficiency.
Official SEC Documents
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