NiSource Inc.
NiSource Announces $1.5 Billion At-The-Market Equity Issuance Program
Summary
NiSource Inc. has established an at-the-market equity offering program under which it may sell up to $1.5 billion of its common stock through December 31, 2028. The offering replaces a previous at-the-market program and includes agreements with multiple financial institutions to act as sales agents and forward sellers. Proceeds from the sales will be used for general corporate purposes, including capital expenditures, working capital, and debt repayment.
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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.
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