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NiSource 
Energy / Utilities and natural gas services
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
NiSource is a Fortune 500 company that operates in the energy sector, with a focus on delivering natural gas and electricity to customers in the Midwest and Northeast regions of the United States. The company’s headquarters are located in Merrillville, Indiana.
History
NiSource can trace its roots back to 1912 when it was first established as Northern Indiana Oil and Gas Company. Over the next several decades, the company expanded its operations and changed its name to Northern Indiana Public Service Company (NIPSCO) in 1943. In 1987, the company merged with Columbia Energy Group and became Columbia Energy Corporation.
In 2000, the company changed its name to NiSource Inc. and began a major restructuring to focus on its energy businesses. This restructuring included the sale of its Columbia Gas Transmission business, which was completed in 2005. Since then, NiSource has continued to grow and expand through acquisitions and strategic partnerships.
Business operations
NiSource operates two main business segments – Gas Distribution and Electric Operations. Its Gas Distribution segment includes regulated natural gas distribution operations in seven states, serving approximately 3.5 million customers. Its Electric Operations segment includes regulated electric generation, transmission, and distribution operations in Indiana and Ohio, serving approximately 500,000 customers.
In addition to its core operations, NiSource also has an energy infrastructure and technology services business, which provides natural gas storage and pipeline services, as well as energy efficiency and renewables projects.
Sustainability efforts
NiSource is committed to sustainability and has set a goal to reduce its carbon emissions by 90% by 2030. The company has invested in renewable energy projects, such as wind and solar, and also continues to modernize its natural gas infrastructure to reduce methane emissions.
In addition, NiSource has implemented various energy efficiency and conservation programs for its customers and has a strong focus on community engagement and support through its NiSource Charitable Foundation.
Overall, NiSource strives to be a responsible and sustainable company that delivers reliable energy to its customers and contributes positively to the communities it serves.
History
NiSource can trace its roots back to 1912 when it was first established as Northern Indiana Oil and Gas Company. Over the next several decades, the company expanded its operations and changed its name to Northern Indiana Public Service Company (NIPSCO) in 1943. In 1987, the company merged with Columbia Energy Group and became Columbia Energy Corporation.
In 2000, the company changed its name to NiSource Inc. and began a major restructuring to focus on its energy businesses. This restructuring included the sale of its Columbia Gas Transmission business, which was completed in 2005. Since then, NiSource has continued to grow and expand through acquisitions and strategic partnerships.
Business operations
NiSource operates two main business segments – Gas Distribution and Electric Operations. Its Gas Distribution segment includes regulated natural gas distribution operations in seven states, serving approximately 3.5 million customers. Its Electric Operations segment includes regulated electric generation, transmission, and distribution operations in Indiana and Ohio, serving approximately 500,000 customers.
In addition to its core operations, NiSource also has an energy infrastructure and technology services business, which provides natural gas storage and pipeline services, as well as energy efficiency and renewables projects.
Sustainability efforts
NiSource is committed to sustainability and has set a goal to reduce its carbon emissions by 90% by 2030. The company has invested in renewable energy projects, such as wind and solar, and also continues to modernize its natural gas infrastructure to reduce methane emissions.
In addition, NiSource has implemented various energy efficiency and conservation programs for its customers and has a strong focus on community engagement and support through its NiSource Charitable Foundation.
Overall, NiSource strives to be a responsible and sustainable company that delivers reliable energy to its customers and contributes positively to the communities it serves.
What is special about the company?
1. Diverse portfolio: NiSource is a Fortune 500 company and one of the largest fully-regulated utility companies in the United States. It operates a diverse portfolio of energy infrastructure, including natural gas pipelines, storage, and electric generation.
2. Long-standing history: NiSource has a long-standing history that dates back to the mid-1800s. The company has weathered many challenges and has evolved to become a leader in the energy industry.
3. Commitment to safety and sustainability: NiSource is committed to operating safely and sustainably. The company invests heavily in infrastructure upgrades and maintenance to ensure the safety of its customers, employees, and the environment.
4. Customer focus: NiSource puts its customers at the center of all its operations. The company strives to provide reliable, affordable, and sustainable energy solutions to meet the evolving needs of its customers.
5. Community involvement: NiSource is actively involved in the communities it serves. The company supports local initiatives and charities, partners with local organizations, and encourages employee volunteerism.
6. Industry recognition: NiSource has been recognized by various organizations for its excellence in operations, safety, and sustainability. The company has received numerous awards and accolades for its commitment to these areas.
7. Employee development: NiSource values its employees and invests in their development through training and career development programs. The company also promotes diversity and inclusivity in its workforce.
8. Innovative technologies: NiSource is at the forefront of using innovative technologies to improve its operations. This includes the use of advanced analytics, smart grid technology, and renewable energy sources.
9. Financial stability: NiSource has a strong financial track record, which has enabled it to grow and expand its business. This provides assurance to its customers, employees, and investors.
10. Focus on the future: NiSource is continuously looking ahead and planning for the future. The company is committed to finding new and sustainable ways to meet the energy needs of its customers while reducing its environmental impact.
2. Long-standing history: NiSource has a long-standing history that dates back to the mid-1800s. The company has weathered many challenges and has evolved to become a leader in the energy industry.
3. Commitment to safety and sustainability: NiSource is committed to operating safely and sustainably. The company invests heavily in infrastructure upgrades and maintenance to ensure the safety of its customers, employees, and the environment.
4. Customer focus: NiSource puts its customers at the center of all its operations. The company strives to provide reliable, affordable, and sustainable energy solutions to meet the evolving needs of its customers.
5. Community involvement: NiSource is actively involved in the communities it serves. The company supports local initiatives and charities, partners with local organizations, and encourages employee volunteerism.
6. Industry recognition: NiSource has been recognized by various organizations for its excellence in operations, safety, and sustainability. The company has received numerous awards and accolades for its commitment to these areas.
7. Employee development: NiSource values its employees and invests in their development through training and career development programs. The company also promotes diversity and inclusivity in its workforce.
8. Innovative technologies: NiSource is at the forefront of using innovative technologies to improve its operations. This includes the use of advanced analytics, smart grid technology, and renewable energy sources.
9. Financial stability: NiSource has a strong financial track record, which has enabled it to grow and expand its business. This provides assurance to its customers, employees, and investors.
10. Focus on the future: NiSource is continuously looking ahead and planning for the future. The company is committed to finding new and sustainable ways to meet the energy needs of its customers while reducing its environmental impact.
What the company's business model?
NiSource is a Fortune 500 company that is focused on delivering natural gas, electricity, and other energy-related services to millions of customers in the Midwestern and Northeastern United States.
The company's business model is centered around the generation, distribution, and transmission of energy, with a focus on sustainability and customer service. This includes the operation of power plants and pipelines, as well as managing a network of distribution systems to deliver energy to homes and businesses.
NiSource also offers energy efficiency programs, as well as natural gas storage and transportation services. The company is committed to investing in renewable energy and reducing carbon emissions through its Integrated Resource Planning process.
In addition to its core energy business, NiSource has a strong focus on safety and reliability, investing in infrastructure upgrades and maintenance to ensure the uninterrupted delivery of energy to its customers. The company also has a strong commitment to corporate citizenship, investing in community development and charitable initiatives in the areas it serves.
Overall, NiSource's business model is centered around providing reliable and sustainable energy solutions to its customers, while also promoting safety, environmental stewardship, and community involvement.
The company's business model is centered around the generation, distribution, and transmission of energy, with a focus on sustainability and customer service. This includes the operation of power plants and pipelines, as well as managing a network of distribution systems to deliver energy to homes and businesses.
NiSource also offers energy efficiency programs, as well as natural gas storage and transportation services. The company is committed to investing in renewable energy and reducing carbon emissions through its Integrated Resource Planning process.
In addition to its core energy business, NiSource has a strong focus on safety and reliability, investing in infrastructure upgrades and maintenance to ensure the uninterrupted delivery of energy to its customers. The company also has a strong commitment to corporate citizenship, investing in community development and charitable initiatives in the areas it serves.
Overall, NiSource's business model is centered around providing reliable and sustainable energy solutions to its customers, while also promoting safety, environmental stewardship, and community involvement.
Interesting facts about the company
1. NiSource is an energy utility company that provides natural gas and electricity to over 4 million customers in seven states: Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia.
2. NiSource was founded in 1912 as Northern Indiana Public Service Company (NIPSCO) and was primarily focused on providing natural gas to northern Indiana.
3. In 1987, NIPSCO was acquired by Columbia Energy Group and became part of Columbia Gas System, Inc.
4. In 2000, Columbia Gas System split into two companies, with NiSource becoming the parent company of NIPSCO.
5. NiSource is the largest natural gas distribution company in the Midwest, serving over 3.5 million customers.
6. In addition to natural gas distribution, NiSource also owns and operates electric generation, transmission, and distribution systems in Indiana.
7. As of 2019, NiSource has over 8,100 employees and operates over 15,000 miles of natural gas transmission pipelines and 158,000 miles of distribution lines.
8. In 2012, NiSource donated $10 million to create the NiSource Charitable Foundation, which focuses on supporting education, workforce development, and community support.
9. NiSource has a strong commitment to environmental sustainability and has set a goal to reduce its greenhouse gas emissions by 50% by 2030.
10. In 2018, NiSource faced a major natural gas pipeline explosion in Massachusetts that killed one person, injured 25, and caused widespread damage. The company has since committed to investing over $1 billion to upgrade and modernize its infrastructure to prevent future incidents.
11. As of 2021, NiSource is ranked #413 on the Fortune 500 list of America’s largest corporations by revenue.
12. In 2020, NiSource was recognized as a Top Green Company by Newsweek for its commitment to renewable energy and sustainability.
13. NiSource is also a leader in diversity and inclusion, with over 30% of its board of directors comprised of women and people of color.
14. The company has been recognized for its efforts in promoting a diverse and inclusive workplace, and has received numerous awards for its inclusive culture and policies.
15. NiSource is committed to giving back to the communities it serves, and in 2020, the company and its employees donated over $4 million to various nonprofit organizations and community initiatives.
See Company Due Diligence:
2. NiSource was founded in 1912 as Northern Indiana Public Service Company (NIPSCO) and was primarily focused on providing natural gas to northern Indiana.
3. In 1987, NIPSCO was acquired by Columbia Energy Group and became part of Columbia Gas System, Inc.
4. In 2000, Columbia Gas System split into two companies, with NiSource becoming the parent company of NIPSCO.
5. NiSource is the largest natural gas distribution company in the Midwest, serving over 3.5 million customers.
6. In addition to natural gas distribution, NiSource also owns and operates electric generation, transmission, and distribution systems in Indiana.
7. As of 2019, NiSource has over 8,100 employees and operates over 15,000 miles of natural gas transmission pipelines and 158,000 miles of distribution lines.
8. In 2012, NiSource donated $10 million to create the NiSource Charitable Foundation, which focuses on supporting education, workforce development, and community support.
9. NiSource has a strong commitment to environmental sustainability and has set a goal to reduce its greenhouse gas emissions by 50% by 2030.
10. In 2018, NiSource faced a major natural gas pipeline explosion in Massachusetts that killed one person, injured 25, and caused widespread damage. The company has since committed to investing over $1 billion to upgrade and modernize its infrastructure to prevent future incidents.
11. As of 2021, NiSource is ranked #413 on the Fortune 500 list of America’s largest corporations by revenue.
12. In 2020, NiSource was recognized as a Top Green Company by Newsweek for its commitment to renewable energy and sustainability.
13. NiSource is also a leader in diversity and inclusion, with over 30% of its board of directors comprised of women and people of color.
14. The company has been recognized for its efforts in promoting a diverse and inclusive workplace, and has received numerous awards for its inclusive culture and policies.
15. NiSource is committed to giving back to the communities it serves, and in 2020, the company and its employees donated over $4 million to various nonprofit organizations and community initiatives.
See Company Due Diligence:
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