NiSource Inc T.NI

Primary Symbol: NI

Utilities Utilities - Diversified

NiSource Inc. is an energy holding company. The Company operates through two segments: Gas Distribution Operations and Electric Operations. The Gas Distribution operations segment, through its wholly owned subsidiary NiSource Gas Distribution Group, Inc., provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 55,000 miles of distribution main pipeline plus the associated individual customer service lines and 1,000 miles of transmission main pipeline located in its service areas. The Electric Operations segment generates, transmits and distributes electricity through its subsidiary NIPSCO to approximately 0.5 million customers in 20 counties in the northern part of Indiana and is also engaged in wholesale electricity and transmission transactions. It has four owned projects: Rosewater, Indiana Crossroads Wind, Indiana Crossroads Solar, and Dunns Bridge I.

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NiSource Inc

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Comment by claritason Oct 22, 2009 9:50am

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Post# 16411900

RE: RE: $4mm is for exploration expenses

I stand corrected.

Still it is a very far cry from the pre-feasibility study which they trumpeted so loudly.

It is telling that their existing partners did not see sufficient value in Lynn Lake to fund its development. I read up on Prophecy and it is a tiny operation. As you say, if Prophecy fails to live up to its contract, Victory gets it back.

Thanks again for correcting my mis-read on the news release.

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