NiSource to sell minority share of NIPSCO subsidiary to fund B 5-year growth plan, 2040 net-zero goal
NiSource on Monday disclosed a plan to sell up to 19.9% of its regulated subsidiary Northern Indiana Public Service Co., or NIPSCO, to fund long-te...
NiSource on Monday disclosed a plan to sell up to 19.9% of its regulated subsidiary Northern Indiana Public Service Co., or NIPSCO, to fund long-term growth plans that include a 2040 net-zero emissions goal and $15 billion in grid modernization, clean energy and other spending from 2023 to 2027. 'In the past, because of our constrained balance sheet, we've had to issue stock to grow the company,' NiSource President and CEO Lloyd Yates said in an interview. Selling a portion of NiSource's regulated utility will allow for growth 'with no equity issuances between now and 2025.