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Overview
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 companyβs 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 β 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.
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