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NiSource Inc T.NI


Primary Symbol: NI

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.


NYSE:NI - Post by User

Comment by Zerrificon Feb 18, 2021 9:37pm
429 Views
Post# 32606233

RE:RE:Silver Elephant

RE:RE:Silver ElephantThe only up side is they sell Frac sand now that they have some money to sell domestic sand. They would have to sell 300,000 tons a year at $20 margin for a 6 million profit and or their Silver Elephant shares double over the next few years which should double NI share price. Maybe that Silver Elephant owns 30% now, they will want to own over 50% to control Ni, therefore buy up more shares. Eric Sprout is big into oil gas maybe they want NI for the wash plant to sell Frac sand on the Minago property that they now own down the road. A few options but yes limited upside. 
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