Profile: NiSource Inc (NI.N)

NI.N on New York Stock Exchange

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NiSource Inc. (NiSource), incorporated on March 29, 2000, is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.8 million customers located within a corridor that runs from the Gulf Coast through the Midwest to New England. NiSource operates in three business segments: Gas Distribution Operations; Columbia Pipeline Group Operations, and Electric Operations. NiSource’s principal subsidiaries include NiSource Gas Distribution Group, Inc., a natural gas distribution holding company; Columbia Energy Group (Columbia), a transmission and storage holding company, whose subsidiaries provide service to customers in the Midwest, the Mid-Atlantic and the Northeast, and Northern Indiana Public Service Company (NIPSCO), a gas and electric company providing service to customers in northern Indiana.  NiSource Finance Corporation (NiSource Finance) is a 100% owned, consolidated finance subsidiary of NiSource. NiSource Finance engages in financing activities to raise funds for the business operations of NiSource and its subsidiaries.

Gas Distribution Operations

The Company’s natural gas distribution operations serve approximately 3.4 million customers in seven states and operate approximately 58,000 miles of pipeline. Through its wholly owned subsidiary NiSource Gas Distribution Group, Inc., NiSource owns six distribution subsidiaries that provide natural gas to approximately 2.6 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland and Massachusetts. Additionally, the Company also distributes natural gas to approximately 803,000 customers in northern Indiana through its wholly owned subsidiary NIPSCO.

Columbia Pipeline Group Operations

The Company’s Columbia Pipeline Group Operations subsidiaries own and operate approximately 15,000 miles of interstate pipelines and operate underground natural gas storage systems, capable of storing approximately 642 Bcf of natural gas. Through its subsidiaries, Columbia Transmission, Columbia Gulf, NiSource Midstream and Crossroads Pipeline, NiSource owns and operates an interstate pipeline network extending from the Gulf of Mexico to New York and the eastern seaboard. Together, these companies serve customers in 16 northeastern, mid-Atlantic, midwestern and southern states and the District of Columbia. The Company’s Midstream is an unregulated business that is a provider of midstream services including gathering, treating, conditioning, processing, compression and liquids handling. Its Midstream supports the growing production in the Utica and Marcellus resource plays. The Company’s Midstream constructed 57 miles of gathering pipeline capable of delivering 425 million cubic feet of gas per day produced from the Marcellus shale formation. NiSource Midstream, through a wholly owned subsidiary, has a joint venture with 50 miles of wet gas gathering pipeline capable of gathering 600 million cubic feet per day, a gas processing plant with a capacity of 200 million cubic feet per day, and a NGL pipeline from the processing plant in development with an initial capacity of 45,000 barrels per day.

NiSource Energy Ventures, L.L.C. (NEVCO) is an unregulated business that manages the company's mineral rights positions in the Marcellus and Utica shale areas. NEVCO has entered into multiple transactions to develop its minerals position including a joint venture with an established resource play producer to form an AMI in which NEVCO combined its production rights from a certain acreage position in northeast Ohio with the producer's much larger acreage position in the same area. The transaction resulted in NEVCO participating in the development of the entire acreage position through a non-operating working interest and an overriding royalty interest.

The Columbia Pipeline Group Operations subsidiaries are also involved in the other joint ventures, Millennium and Hardy Storage, which expand the Company’s facilities and throughput. Millennium, which includes 253 miles of 30-inch-diameter pipe across New York’s Southern Tier and lower Hudson Valley, has the capability to transport natural gas to markets along its route, as well as to the New York City markets through its pipeline interconnections. Millennium is jointly owned by affiliates of the Company, DTE Energy and National Grid. Hardy Storage, which consists of underground natural gas storage facilities in West Virginia, has a working storage capacity of 12 billion cubic feet and the ability to deliver 176,000 Dth of natural gas per day. Hardy Storage is jointly owned by affiliates of Columbia Transmission and Piedmont.

Electric Operations

NiSource generates, transmits and distributes electricity through its subsidiary NIPSCO to approximately 460,000 customers in 20 counties in the northern part of Indiana and engages in wholesale and transmission transactions. NIPSCO owns and operates three coal-fired electric generating stations. The three operating facilities have a net capability of 2,540 megawatts. NIPSCO also owns and operates Sugar Creek, a Combined Cycle Gas Turbine (CCGT) plant with a 535 megawatts capacity rating, four gas-fired generating units located at NIPSCO’s coal-fired electric generating stations with a net capability of 206 megawatts and two hydroelectric generating plants with a net capability of 10 megawatt. These facilities provide for a total system operating net capability of 3,291 megawatt. NIPSCO’s transmission system, with voltages from 69,000 to 345,000 volts, consists of 2,802 circuit miles. NIPSCO is interconnected with five neighboring electric utilities. During the year ended December 31, 2013, NIPSCO generated 77.3% and purchased 22.7% of its electric requirements.

Company Address

NiSource Inc

801 E 86th Ave
MERRILLVILLE   IN   46410-6272
P: +1219.6475200
F: +1302.6365454

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