NiSource Inc（NI）のニュースとイベントNINiSource Inc

NiSource Signs Long-Term Energy Agreement with Microsoft

NiSource (NI) announced a new long-term energy agreement with Microsoft (MSFT) for its previously announced northwest Indiana campus. The agreement is expected to expand customer savings while supporting economic growth across the region, reflecting NiSource's continued focus on aligning economic development with customer affordability. Through NiSource Generation Company, the company is serving new large-load customers under a structure designed to protect existing Northern Indiana Public Service Company electric customers from incremental costs and return value from large-load customers' use of the existing electric system. Large-load customers fully fund the generation and infrastructure required to serve their needs. Under the agreement, Microsoft is expected to begin taking electric service under a 20-year term starting in 2028. The GenCo-owned pool portfolio will be increased by approximately 1,100 MW with NIPSCO and GenCo to provide transmission and generation infrastructure to ensure adequate assets to serve Microsoft's data center and NIPSCO's customers while providing a safe, reliable, and coordinated power supply. Microsoft fully funds all generation and transmission required to serve its load. These assets will upgrade NIPSCO's electric transmission system, improving grid reliability and resilience for customers in the state of Indiana, while ensuring current residential and business customers are protected from the costs of serving the data center. In connection with the Microsoft agreement, GenCo has contracted 600 MW of battery storage, under a long-term tolling agreement. The facility will be developed and constructed by an affiliate of AGP Group. This resource will be added to GenCo's pool resource assets designed to serve multiple large-load customers.

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."