NiSource

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

Retrieved on: 
Thursday, March 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: 
Tuesday, March 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: 
Tuesday, March 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: 
Tuesday, March 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: 
Tuesday, March 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: 
Thursday, February 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.

NiSource Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
Oil, Gas, Alternative Energy, Energy, Environment, Sustainability, Social media, Growth, GAAP, NIPSCO, NiSource, Weather

**

Key Points: 
  • **
    NiSource is raising 2024 non-GAAP NOEPS guidance to $1.70-1.74 from $1.68-1.72.
  • "Today’s 2023 earnings achievement and increased 2024 NOEPS guidance range are a testament to the resiliency of our financial commitments and our superior regulatory and stakeholder foundation,” said NiSource President and CEO, Lloyd Yates.
  • Additional information for the quarter ended December 31, 2023, is available on the Investors section of www.nisource.com , including segment and financial information and a presentation, as well as NiSource’s social media channels.
  • Investors are advised to look at NiSource’s website and its social media channels for future important information about the company.

TC Energy reports record 2023 operating and financial results driven by solid execution

Retrieved on: 
Friday, February 16, 2024
CRA, CFO, Bias, Keystone Pipeline, Senior, GTN, Growth, PIN, Accounting, Condensation, MD, Investment, TC Energy, News, EST, Natural gas, EDGAR, Coastal GasLink Pipeline, LNG Canada, Sale, Calendar, Risk, MST, General counsel, NiSource, Capital expenditure, GAAP, Consolidated, IRS, Unit, Information services, Webcast, Public expenditure, Bruce Power, Villa de Reyes, Capital, TC

Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.

Key Points: 
  • Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.
  • Our collective efforts in 2023 continued to set the stage for a transformative period for TC Energy.
  • Guided by a clear set of strategic priorities for 2023, including project execution, enhancing balance sheet strength, and maximizing the value of our asset base, TC Energy was successful in delivering on our commitments.
  • Throughout fourth quarter 2023, we continued to see strong, sustained demand for our assets and services that further supported the delivery of record results.

NiSource Inc. Announces Redemption of All Depositary Shares Representing Interests in Its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock and Series B-1 Preferred Stock

Retrieved on: 
Friday, February 9, 2024
Energy, Utilities, Oil, Gas, NiSource, Deposit, CUSIP, Computershare, DTC, Depository Trust Company, Series, Security (finance)

NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it will redeem all outstanding shares of its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, liquidation preference $25,000 per share (the “Series B Preferred Stock”) and Series B-1 Preferred Stock, par value $0.01 per share, liquidation preference $0.01 per share (the “Series B-1 Preferred Stock”), and the corresponding depositary shares representing interests in the outstanding shares of the Series B Preferred Stock and the Series B-1 Preferred Stock (the “Depositary Shares”), on March 15, 2024 (the “Redemption Date”).

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it will redeem all outstanding shares of its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, liquidation preference $25,000 per share (the “Series B Preferred Stock”) and Series B-1 Preferred Stock, par value $0.01 per share, liquidation preference $0.01 per share (the “Series B-1 Preferred Stock”), and the corresponding depositary shares representing interests in the outstanding shares of the Series B Preferred Stock and the Series B-1 Preferred Stock (the “Depositary Shares”), on March 15, 2024 (the “Redemption Date”).
  • All 20,000,000 Depositary Shares (NYSE: NI PR B) (CUSIP No.
  • 65473P 881), each representing a 1/1,000th ownership interest in one share of the Series B Preferred Stock and a 1/1,000th ownership interest in one share of the Series B-1 Preferred Stock, will be redeemed on the Redemption Date, simultaneously with the redemption of the Series B Preferred Stock and the Series B-1 Preferred Stock, at a redemption price of $25.00001 per Depositary Share.
  • On and after the Redemption Date, dividends on the redeemed Series B Preferred Stock and the corresponding Depositary Shares will cease to accumulate.

NiSource to Release Financial Results and Host Conference Call on February 21

Retrieved on: 
Wednesday, February 7, 2024
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, NiSource, News, Webcast, ID

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, February 21, 2024, to review its fourth quarter 2023 financial results and provide a general business update.
  • NiSource will release its fourth quarter 2023 financial results before U.S. financial markets open on February 21.
  • All interested parties may listen to the conference call live on February 21 by logging onto the NiSource website at www.nisource.com .