Northern Indiana Public Service Co. (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 goals could cost other states in PJM and MISO tens of millions in transmission upgrades as coal and natural gas power plants are retired.
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 lost money last quarter as the company continues to face costs stemming from a string of gas pipeline explosions in three Massachusetts cities.
MISO is circulating a cost allocation plan that would lower voltage thresholds but raise cost minimums on economically beneficial transmission projects.
MISO will still pursue major aspects of a transmission proposal that FERC rejected, but is debating keeping its proposed local economic project type.
NiSource reported second-quarter earnings of $23.2 million, compared to a net loss of $44.4 million for the same period a year ago.
FERC identified 13 additional transmission owners it said should change accounting practices that could inflate rates by underestimating tax credits.
NiSource is seeking rate hikes across multiple states to cover hefty infrastructure investments after a 13% increase in Q1 2018 earnings.
FERC ordered 48 electric utilities to revise their transmission rates to reflect the recently enacted Tax Cuts and Jobs Act.
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