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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

Post by gwalkeron Mar 11, 2022 4:46am
433 Views
Post# 34505567

Why focus on JUST that $2M bonus? There is a lot more...

Why focus on JUST that $2M bonus? There is a lot more...Those bonus shares are nice but NI has a whole bunch more of marketable securities now that the Silver elephant spinout is done.

- Silver Elephant: 2,005,231 shares worth $2.85MM
- Flying Nickel: 
2,005,231 shares worth $1.88MM
- Battery Metals: 4,010,462 shares (not trading BUT it owns 40% of Flying Nickel so the value to NI on that alone is 0.27 about $1MM)
- Nevada Vanadium: 2,005,231 shares; (Not trading yet, so no vlaue today)

So about $5.7MM in securities plus these bonus shares of $2MM so they have close to $8MM just in securities.

So if they can pay off their debt and do a deal on one of their Nickel assets, Victory will have clear path forward.
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