Last Updated: 2026

NiSource

Rank#1022

Market Cap23.06B

CountryUnited States

Summary

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,600 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

History

NiSource was founded in 1912 as the Northern Indiana Public Service Company, which merged with several other companies to become the Columbia Gas and Electric Corporation. Under the Public Utility Holding Company Act of 1935, Columbia was forced to reorganize its subsidiaries and eventually spun off its electric utilities, becoming the Columbia Gas System. In 2000, NiSource merged with Columbia Energy Group, but in 2015, NiSource was spun off from Columbia Pipeline Group. The next year, Columbia was acquired by TransCanada Corporation.

Mission

NiSource (NYSE: NI) helps energize the lives of its nearly 4 million natural gas and electric customers across seven states. Our local utilities – Columbia Gas and NIPSCO – ensure that customers receive safe, reliable and affordable natural gas and electric service each and every day. Our business plan is focused on proactively investing in our energy infrastructure – approximately $1.4 billion a year – to ensure we meet and improve upon our customer commitments for the next 100 years.

Vision

NiSource envisions to be the leading provider of essential energy solutions for customers and communities, serving as a trusted partner through our commitment to safety, superior customer service, innovation, and reliable and affordable energy solutions.

References

https://en.wikipedia.org/wiki/NiSource

https://in.investing.com/equities/ni-source-inc

https://finance.yahoo.com/quote/NI/profile?p=NI

https://www.comparably.com/companies/nisource/mission

https://www.crunchbase.com/organization/nisource

https://sec.report/CIK/0001111711

https://companiesmarketcap.com/

https://www.nisource.com

Leadership team

Mr. Lloyd M. Yates (Pres, CEO & Director)

Mr. Donald Eugene Brown (Exec. VP & CFO)