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 Kahn123on Oct 06, 2014 6:48pm

244 Views

Post# 23004003

Interesting Development

Here is one for hought.

NWI (the much miligned nemisis) just anounced that they will start diamond drilling immediatly in one of their properties. Now I thought they were flat broke and holding on to their cash like a greedy miser. Now theyare spending it on drilling.

They must be pretty confidant that they will be on the receiving end of some cash soon to be starting a expensive program like that.

A lot of peole hae been very negitive aboit NWI, their only real hope for cash in the near termis NI.

Think they know something we dont?

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