NiSource Ups Near-Term Capex, Trims Post-2028 Opportunities

NiSource Ups Near-Term Capex, Trims Post-2028 Opportunities

August 16, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--NiSource Incorporated (NYSE:NI) (Merrillville, Indiana), a gas and electric utility holding company, plans to make as much as $17 billion in capital investments from 2024 through 2028, roughly $2 billion more than the company estimated in last year's five-year capital expenditure (capex) program, company officials told investors on a second-quarter earnings call August 7.

Beyond the base capex program for 2024-2028, company officials told investors there could be up to an additional $1.6 billion in potential capital investment opportunities after 2028.

Other companies featured: Northern Indiana Public Service Company, Invenergy and NextEra Energy Resources LLC (NYSE:NEE)

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)