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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Post by riverrockon Dec 28, 2010 5:11pm

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Post# 17899592

An estimate

With dollar parity, 500million shares outstanding, an average NI price of $11.19, and withthe latest DFS relative to byproduct credits in force, I estimatethat Victory should earn over 20 cents a share considering the full$596 million dollar loan set at 7% annually over 10 years.

Putting a 15:1 PE on theestimate could mean a $3 price on Victory during production.

That's 30 X the presentprice, if I'm correct in the estimate.

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