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Home / News / Cryptocurrency News / Analyst Report: NiSource Inc

Analyst Report: NiSource Inc

Analyst Report: NiSource Inc

Summary

NiSource is a regulated gas utility with smaller electricity operations in six states: IN, KY, MD, OH, PA, and VA. NiSource has two key subsidiaries that provided transmission, distribution, and generation operations-Columbia Gas and NIPSCO. The company provides natural gas to 3.3 million customers, of which about two thirds of customers are in Ohio and Pennsylvania. Electric service is provided to 500,000 customers. As of 2024, NIPSCO had about 3,300 MW of generating capacity from 11 facilities and about 55,000 natural gas distribution lines. NI also has LNG operations in Indiana. The company has two coal-fired plants but hopes to eliminate coal from its generation mix by 2028 and be net zero by 2040. Its generating fuel mix is about 43% coal, 26% natural gas, 13% solar, a

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