NiSource Inc (NI) News & EventsNINews & EventsNiSource Inc

Company Sees FY26 Non-GAAP EPS CAGR of 9%-10%

Sees FY26 compound annual growth rate with respect to non-GAAP consolidated adjusted EPS of 9%-10% from 2026-2033. The company's 2026-2030 consolidated capital investment plan of $28.6B, including $21.0B of base capital investments and $7.6B of strategic data center infrastructure investments, is expected to support 9%-11% consolidated rate base growth from 2026-2033.

Lloyd Yates Emphasizes Value Proposition for Utility Customers

"Our teams continue to deliver a strong value proposition for our utility customers by providing safe and reliable service across a range of weather conditions," said President and CEO Lloyd Yates. "I want to thank our employees and partners for the dedication they demonstrated serving customers during the elevated storm activity we experienced this season. We also advanced our data center strategy with regulatory approvals of our Amazon and Alphabet special contracts, important proof points that demonstrate our ability to support economic growth while creating value for customers. As we enter the second half of the year, we remain confident in our plan, supported by disciplined execution of our efficiency initiatives and regulatory mechanisms that provide visibility into cost recovery."

NiSource Secures Indiana Approval for Amazon Partnership

NiSource (NI) announced the Indiana Utility Regulatory Commission has approved key agreements supporting the company's previously announced partnership with Amazon (AMZN) to serve new data center development in northern Indiana. This marks an inaugural milestone that reinforces the meaningful benefits this approach will provide for existing customers. On June 17, the IURC fully approved the settlement agreement, Amazon special contract and related power purchase agreement. In a separate order, the Commission also approved the company's proposed generation resources, including combined-cycle gas turbines and battery energy storage systems. The approvals advance NiSource's strategy to support responsible large-load growth while helping protect existing customers from the costs of serving new data center demand. Under the approved framework, existing customers are expected to benefit directly from the addition of new, large electric load, with NiSource's broader data center strategy expected to provide approximately $1.4 billion in customer savings. The structure is designed so that data center customers fund the generation and transmission infrastructure required to serve their needs, supporting affordability, reliability and long-term value for existing NIPSCO customers. As part of the settlement, the parties agreed to support expedited procedural schedules for future agreements, reinforcing the model's competitive speed-to-market advantage and positioning Indiana as a leader in utility and technology collaboration.