NiSource

NiSource declares common stock dividends

Retrieved on: 
Lunedì, Maggio 13, 2024
Energy, Other Energy, Utilities, Oil, Gas, NiSource

The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable August 20, 2024, to stockholders of record at the close of business on July 31, 2024.

Key Points: 

The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable August 20, 2024, to stockholders of record at the close of business on July 31, 2024.

NiSource Announces First Quarter 2024 Results

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Mercoledì, Maggio 8, 2024
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, NiSource, GAAP, Growth, Weather, EPS, Social media, Disclosure

NiSource also reported first quarter 2024 non-GAAP adjusted net income available to common shareholders of $382.8 million, or $0.85 of adjusted earnings per share ("EPS") compared to non-GAAP adjusted net income available to common shareholders of $343.0 million, or $0.77 of adjusted EPS, for the same period of 2023.

Key Points: 
  • NiSource also reported first quarter 2024 non-GAAP adjusted net income available to common shareholders of $382.8 million, or $0.85 of adjusted earnings per share ("EPS") compared to non-GAAP adjusted net income available to common shareholders of $343.0 million, or $0.77 of adjusted EPS, for the same period of 2023.
  • **
    NiSource is reaffirming 2024 adjusted EPS guidance of $1.70-1.74 as well as annual 6-8% adjusted EPS growth and annual 8-10% rate base growth* for the 2023-2028 period.
  • "Today’s first quarter 2024 earnings results and regulatory progress underscore our ability to deliver on stakeholder commitments,” said NiSource President and CEO, Lloyd Yates.
  • This press release includes financial results and guidance for NiSource with respect to adjusted net income available to common shareholders and adjusted EPS, which are non-GAAP financial measures as defined by the SEC.

TC Energy reports strong first quarter 2024 operating and financial results

Retrieved on: 
Venerdì, Maggio 3, 2024
Keystone Pipeline, Sale, International, TC, EDT, Capital, USNG, Investment, PIN, Safety, Bias, Natural gas, MD, Webcast, NiSource, LNG Canada, Capital expenditure, TC Energy, Transport, MDT, Senior, Bruce Power, EDGAR, Special, Samsung Galaxy Note 4, Calendar, GAAP, Growth, Note, CGL, Propane

Throughout the first quarter of 2024, TC Energy continued to safely and reliably deliver energy across North America, while maximizing the value of our assets through operational excellence.

Key Points: 
  • Throughout the first quarter of 2024, TC Energy continued to safely and reliably deliver energy across North America, while maximizing the value of our assets through operational excellence.
  • Under the spinoff Transaction, common shareholders of TC Energy as of the record date established for the spinoff will receive, in exchange for each TC Energy share, one new TC Energy share and 0.2 of a South Bow Corporation (South Bow) common share.
  • TC Energy’s Board of Directors and management team are confident that the proposed separation will enhance long-term value for TC Energy shareholders by creating two highly focused, premium energy infrastructure companies.
  • We will hold a teleconference and webcast on Friday, May 3, 2024 at 6:30 a.m. (MDT) / 8:30 a.m. (EDT) to discuss our first quarter 2024 financial results and Company developments.

NiSource to release financial results and host conference call on May 8

Retrieved on: 
Mercoledì, Aprile 24, 2024
Energy, Other Energy, Utilities, Oil, Gas, NiSource, Webcast, News

NiSource Inc. (NYSE: NI) today announced that the company will host a conference call at 11 a.m.

Key Points: 
  • NiSource Inc. (NYSE: NI) today announced that the company will host a conference call at 11 a.m.
  • ET (10 a.m. CT) on Wednesday, May 8, 2024, to review its first quarter 2024 financial results and provide a general business update.
  • NiSource will release its first quarter 2024 financial results before U.S. financial markets open on May 8.
  • All interested parties may listen to the conference call live on May 8 by logging onto the NiSource website at www.nisource.com .

AM Best Affirms Credit Ratings of NiSource Insurance Corporation, Inc.

Retrieved on: 
Giovedì, Marzo 28, 2024
Banking, Professional Services, Insurance, Finance, NiSource, Pressure, ERM, Risk management, Philosophy, ALL, News, NICI, Credit, AM Best, Orientation

For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Key Points: 
  • For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Aristides S. Candris Departs from the Board After 12 Years of Service

Retrieved on: 
Martedì, Marzo 19, 2024
Energy, Utilities, Oil, Gas, Certification, NiSource, Consolidated Edison, SMS, Safety management system, Safety, Retirement, Engineering

NiSource Inc. (NYSE: NI) today announced Aristides S. Candris, who has served as a director since 2012, has retired from the NiSource Board, and that it has appointed John McAvoy to its Board of Directors, effective immediately.

Key Points: 
  • NiSource Inc. (NYSE: NI) today announced Aristides S. Candris, who has served as a director since 2012, has retired from the NiSource Board, and that it has appointed John McAvoy to its Board of Directors, effective immediately.
  • "We are pleased with the appointment of John McAvoy and the deep utility operational expertise he brings to the Board," said NiSource Board Chair Kevin T. Kabat.
  • "John also possesses substantial experience in executive leadership, finance, engineering, and operations that will be invaluable assets to our Board and the company."
  • Kabat added, "On behalf of the entire Board, I would like to thank Aris for his leadership and direction to NiSource.

Atmos Energy Hits Highest Customer Satisfaction Score Since 2018, as Energy Utilities See Gains, ACSI Data Show

Retrieved on: 
Martedì, Marzo 19, 2024
Oil, Gas, Energy, Residential Building & Real Estate, Construction & Property, Utilities, Atmos, Atmos Energy, Electricity, Natural gas, PG&E, Consolidated Edison, CenterPoint Energy, Environment, Associate, Dominion Energy, National Grid, CPS Energy, NextEra Energy, ACSI, University, Entergy, DTE Energy, Marketing, NiSource, Complaint, Michigan State University, Berkshire Hathaway Energy, Multimedia, Weather, Renewable energy

Following four years of flat performance, residential customer satisfaction with the energy utilities industry rises 4% to an ACSI score of 75 (out of 100), according to the American Customer Satisfaction Index (ACSI®) Energy Utilities Study 2023-2024 , as improvements across the customer experience outweigh concerns about rising utility rates.

Key Points: 
  • Following four years of flat performance, residential customer satisfaction with the energy utilities industry rises 4% to an ACSI score of 75 (out of 100), according to the American Customer Satisfaction Index (ACSI®) Energy Utilities Study 2023-2024 , as improvements across the customer experience outweigh concerns about rising utility rates.
  • “However, despite the current momentum, energy utilities will continue to face challenges beyond their control, like extreme weather events that cause longer power outages.
  • Municipal energy utilities move into second place after surging 6% to 75, just ahead of investor-owned utilities, which climb 3% to 74.
  • Five utilities share second place at 77: Berkshire Hathaway Energy (up 4%), Dominion Energy (up 5%), Duke Energy (up 5%), NextEra Energy (up 3%), and Southern Company (up 3%).

NiSource Declares Common Stock Dividends

Retrieved on: 
Martedì, Marzo 19, 2024
Energy, Other Energy, Utilities, Oil, Gas, NiSource

The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable May 20, 2024, to stockholders of record at the close of business on April 30, 2024.

Key Points: 

The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable May 20, 2024, to stockholders of record at the close of business on April 30, 2024.

Hooper named President of We Energies and Wisconsin Public Service

Retrieved on: 
Martedì, Marzo 12, 2024
WEC, Ohio State University, WEC Energy Group, Business, NIPSCO, American Electric Power, Lead, Fisher College, NiSource, Megaproject, Regulation, Strategic leadership, Peoples Energy, Management

MILWAUKEE, March 12, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that Michael Hooper, currently president and chief operating officer of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), has been named president of We Energies and Wisconsin Public Service, effective April 1, 2024.

Key Points: 
  • MILWAUKEE, March 12, 2024 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that Michael Hooper, currently president and chief operating officer of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), has been named president of We Energies and Wisconsin Public Service, effective April 1, 2024.
  • "We're fortunate to have Mike join our senior leadership team," said Scott Lauber, president and chief executive officer of WEC Energy Group.
  • Hooper will have primary responsibility for the electric and gas distribution business, customer service, power generation and major projects for We Energies and Wisconsin Public Service.
  • The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources.

NiSource Announces Two-Year $900 Million At-The-Market (ATM) Equity Issuance Program

Retrieved on: 
Giovedì, Febbraio 22, 2024
Energy, Utilities, Oil, Gas, Varick Street, Attention, Goldman Sachs, J.P. Morgan & Co., Prospectus, Telephone, 2nd Floor, EDGAR, Sale, NiSource, ATTN:, Wells Fargo, Broadridge Financial Solutions, Morgan Stanley, BofA Securities, MUFG, Security (finance), Agent

NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it has established an “at-the-market” (“ATM”) equity offering program under which it may sell shares of its common stock having an aggregate gross sales price of up to $900 million through December 31, 2025.

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it has established an “at-the-market” (“ATM”) equity offering program under which it may sell shares of its common stock having an aggregate gross sales price of up to $900 million through December 31, 2025.
  • The offering is being made by means of a prospectus supplement to the prospectus contained in the registration statement.
  • Before making an investment in these securities, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about NiSource and the offering.
  • Potential investors may obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.