1. NIPSCO must operate R.M. Schahfer Generating Station beyond 2025. 2. The federal order is valid for 90 days and is under review. 3. NIPSCO prioritizes customer reliability and cost management. 4. NIPSCO and NiSource emphasize commitment to safe energy delivery. 5. NiSource serves over 3.3 million natural gas customers across the U.S.
FAQ
Why Bullish?
Compliance with the federal order could stabilize operational revenue, similar to past regulatory interventions that buoyed utility stock prices.
How important is it?
The article outlines a key operational mandate that impacts NiSource’s business continuity and financial reliability.
Why Short Term?
The 90-day order necessitates immediate operational adjustments, affecting near-term financials but not long-term strategies.
Northern Indiana Public Service Company LLC (NIPSCO) has received a federal order requiring the continued operation of R.M. Schahfer Generating Station beyond its previously scheduled retirement date of Dec. 31, 2025. The order is in effect for 90 days.
"We are reviewing the overall impact to our customers and company and will comply with this order, and any subsequent orders, if received," said Vince Parisi, NIPSCO President and Chief Operating Officer. "We recognize the importance of both reliability and cost management for our customers, and we will continue to engage with federal, state and local stakeholders as we adapt to evolving regulatory requirements."
NIPSCO and NiSource remain committed to delivering safe and reliable energy now and in the future.
About NiSource
NiSource Inc. (NYSE:NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America's Best Employers for Women and Diversity. Learn more about NiSource's record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com.
The content of our website is not incorporated by reference into this document or any other report or document NiSource files with the Securities and Exchange Commission ("SEC").
NI-F
View source version on businesswire.com: https://www.businesswire.com/news/home/20251223317808/en/
FOR ADDITIONAL INFORMATION
Media
media@nisource.com
Investors
investors@nisource.com