Company Information

A premier regulated utility company

nisource-service-territory

We're one of the largest natural gas utility companies in the United States, serving more than 3.5 million customers in seven states under the Columbia Gas and NIPSCO brands. The company also provides electric distribution, generation and transmission services to nearly 500,000 NIPSCO electric customers in northern Indiana.

Our growth strategy focuses on the systematic modernization and replacement of its utility infrastructure, paired with complementary system expansions, customer programs and regulatory initiatives. Under this strategy, the company is investing in electric system environmental upgrades and transmission expansions; natural gas system replacements and expansions; and enhancement of customer services.

Our core business strategy is expected to drive stable long-term earnings and dividend growth, supported by stable revenue streams, contemporary rate designs and approximately $30 billion in infrastructure investment opportunities spanning the next 20-plus years.

Capital Investment Drives Growth, Customer Benefits

Capital Investment Chart

Historical Operating Income** ($ Millions)

Historical Operating Income Chart

** Historical NiSource Gas Distribution and Electric Operations Reported Operating Income

Value Proposition and Strategic Approach

Annual Total Shareholder Return of 8%-10%*

  • ~$30B of 100% Regulated Utility Infrastructure Investment Opportunities
  • Scale Across Seven States
  • Transparent Earnings and Cash Flow Drivers
  • Constructive Regulatory Relationships and Mechanisms
  • Commitment to Investment Grade Credit

*Estimated total shareholder return at a constant P/E ratio

Delivering on our Commitments

  • Industry-Leading Safety and Performance
  • Top-Tier Customer Satisfaction
  • Investments that Systematically and Efficiently Deliver Service Integrity
  • Dependable, Predictable and Timely Service and Emergency Response
  • Growing Our Customer Base by Expanding into Unserved Areas
  • Recognized Among the Best Places to Work by All in Our Communities

Company Facts

Columbia Gas of Kentucky

  • Second Largest Gas-Only local distribution company (LDC) in KY (~137K Customers)
  • ~ 2,600 Miles of Pipe
  • ~ 350 Miles of Bare Steel & Cast Iron
  • ~ $327M Rate Base

Columbia Gas of Maryland

  • Complementary to PA Operations (~34K Customers in MD)
  • ~ 660 Miles of Pipe
  • ~ 50 Miles of Bare Steel & Cast Iron
  • ~ $149M Rate Base

Columbia Gas of Massachusetts

  • Largest Gas-Only LDC in MA (~327K Customers)
  • ~ 5,000 Miles of Pipe
  • ~ 540 Miles of Bare Steel & Cast Iron
  • ~ $1.1B Rate Base

Columbia Gas of Ohio

  • Largest LDC in Ohio (~1.5M customers)
  • ~ 20,200 Miles of Pipe
  • ~ 2,000 Miles of Bare Steel & Cast Iron
  • ~ $3.2B Rate Base

Columbia Gas of Pennsylvania

  • Third Largest LDC in PA (~436K Customers)
  • ~ 7,700 Miles of Pipe
  • ~ 1,200 Miles of Bare Steel & Cast Iron 
  • ~ $1.9B Rate Base

Columbia Gas of Virginia

  • Third Largest LDC in VA (~274K Customers)
  • ~ 5,300 Miles of Pipe
  • ~ 140 Miles of Bare Steel
  • ~ $850M Rate Base

Indiana Electric (NIPSCO)

  • Third Largest Electric Utility in Indiana (~475K Customers)
  • 2,850 MW of Environmentally Compliant Generation
  • ~10,000 Distribution Line Miles
  • ~3,000 Transmission Line Miles
  • ~ $4.7B Rate Base

Indiana Gas (NIPSCO)

  • Largest LDC in Indiana (~840K Customers)
  • ~ 17,500 Miles of Pipe
  • ~ 23 Miles of Bare Steel & Wrought Iron
  • ~ $1.7B Rate Base

Forward-Looking Statements

This web page contains “forward-looking statements” within the meaning of federal securities laws. Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are other than statements of historical fact. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed on this web page include among other things, our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; our ability to execute our growth strategy; changes in general economic, capital and commodity market conditions; pension funding obligations; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; our ability to adapt to, and manage costs related to, advances in technology; any changes in our assumptions regarding the financial implications of the Greater Lawrence Incident; compliance with the agreements entered into with the U.S. Attorney’s Office to settle the U.S. Attorney’s Office’s investigation relating to the Greater Lawrence Incident; the pending sale of the Columbia of Massachusetts business, including the terms and closing conditions under the Asset Purchase Agreement; potential incidents and other operating risks associated with our business; continuing and potential future impacts from the COVID-19 pandemic; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; any damage to our reputation, including in connection with the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and the costs of associated liabilities; fluctuations in demand from residential commercial and industrial customers; economic conditions of certain industries; the success of NIPSCO's electric generation strategy; the price of energy commodities and related transportation costs; the reliability of customers and suppliers to fulfill their payment and contractual obligations; potential impairment of goodwill; changes in taxation and accounting principles; the impact of an aging infrastructure; the impact of climate change; potential cyber-attacks; construction risks and natural gas costs and supply risks; extreme weather conditions; the attraction and retention of a qualified workforce; the ability of our subsidiaries to generate cash; our ability to manage new initiatives and organizational changes; the performance of third-party suppliers and service providers; changes in the method for determining LIBOR and the potential replacement of the LIBOR benchmark interest rate; and other matters in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and subsequent SEC filings. A credit rating is not a recommendation to buy, sell or hold securities, and may be subject to revision or withdrawal at any time by the assigning rating organization. In addition, dividends are subject to board approval. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law.

Regulation G Disclosure Statement

This web page includes financial results and guidance for NiSource Inc. with respect to net operating earnings and operating earnings, which are non-GAAP financial measures as defined by the SEC’s Regulation G. NiSource Inc. includes such measures because management believes they permit investors to view NiSource Inc.'s performance using the same tools that management uses and to better evaluate NiSource Inc.'s ongoing business performance. With respect to such guidance, it should be noted that there will likely be differences between such measures and GAAP equivalents due to various factors, including, but not limited to, fluctuations in weather, asset sales and impairments, and other items included in GAAP results. NiSource Inc. is not able to estimate the impact of such factors on GAAP earnings and, as such, is not providing earnings guidance on a GAAP basis.