NiSource Inc (NI) Stock Forecasts

NiSource: A Leading Regulated Gas Utility with Growing Electricity Operations

NiSource is a prominent regulated gas utility with expanding electricity operations in six states: Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. The company operates transmission, distribution, and generation facilities to provide essential natural gas services to millions of customers.

NiSource’s flagship subsidiary, Columbia Gas, serves approximately 3.3 million customers, with a significant portion located in Ohio and Pennsylvania. The company’s primary focus is on delivering natural gas to residential customers, accounting for about 70% of its total deliveries in 2024.

In addition to its gas operations, NiSource’s Indiana utility subsidiary, NIPSCO, offers gas and electric distribution services to 1.3 million customers and 460,000 electric customers. NIPSCO boasts a diverse energy portfolio, with 3,300 MW of generating capacity from 11 facilities and 55,000 natural gas distribution lines. The company also has LNG operations in Indiana.

NiSource is committed to sustainability and environmental stewardship. The company aims to eliminate coal from its generation mix by 2028 and achieve net-zero emissions by 2040. This ambitious goal aligns with NiSource’s vision of providing clean, reliable energy to its customers while minimizing its carbon footprint.