May 22, 2024

Northern Indiana Public Service Co. (NIPSCO)

FERC Orders $66.7M in Penalties and Disgorgement on Linde and NIPSCO
FERC ordered Linde and NIPSCO to pay a combined $66.7 million in penalties and disgorgement for manipulating MISO’s demand response program.
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FERC Allows Blackstone Subsidiary to Purchase 20% Stake in NIPSCO
A Blackstone subsidiary is free to acquire an almost 20% stake in Northern Indiana Public Service Co. after FERC’s consent.
NIPSCO Proposes New Gas Plant; Ind. Consumer Advocate Displeased
Tensions are building between NIPSCO and the Citizen Action Coalition of Indiana over the utility's proposal to build a new natural gas peaking plant.
Michels Corporation
FERC Approves Incentives for NIPSCO’s MTEP Lines
FERC  approved Northern Indiana Public Service Company’s request for transmission incentives on two lines it is building under the MISO Transmission Expansion Plan.
Blackstone Infrastructure to Scoop up Minority Stake in NIPSCO
Blackstone will pick up a nearly 20% stake in Northern Indiana Public Service Co. for a little more than $2 billion, parent NiSource announced Tuesday.
Report: Energy Storage Would Save Indiana Utilities $73M
Three Indiana utilities could save customers a combined $73 million if they ditched plans to build new gas plants and invested in battery storage, report says.
U.S. Geological Survey
NiSource Selling Minority Interest in NIPSCO
NiSource intends to sell up to a nearly 20% stake in its subsidiary NIPSCO to cover the costs of grid modernization and a bigger push to net-zero emissions.
Illinois Climate Bill Could Force $2B in Transmission Upgrades, PJM Says
Illinois’ climate goals could cost other states in PJM and MISO tens of millions in transmission upgrades as coal and natural gas power plants are retired.
Indiana Bill Seeks Slowdown of Coal Closures
The Indiana House of Reps passed a bill that could prolong the retiring or selling coal plants when the state is moving toward cleaner alternatives.
NiSource Earnings Feel Aftershocks of Gas Explosions
NiSource lost money last quarter as the company continues to face costs stemming from a string of gas pipeline explosions in three Massachusetts cities.

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