Stock Symbol: NI
801 East 86th Avenue
Natural Gas Utilities
NiSource Inc. is a holding company with headquarters in Merrillville, Ind., whose operating companies engage in nearly all phases of the natural gas business from exploration and production to transmission, storage and distribution, as well as electric generation, transmission and distribution. Its operating companies provide service to 3.7 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England.
NiSource Financial Summary:
NiSource Inc. is an energy/utility-based holding company providing electric energy, natural gas and water service to the public through 15 subsidiaries. For the 6 months ended 6/30/05, revenues rose 9% to $4.04B. Net income from continuing operations fell 14% to $216.6M. Revenues reflect long term pipeline renegotiations and lower gas distribution customer usage. Earnings were offset by lower operaing margins.
NiSource Business Summary:
NiSource Inc. (NiSource) is an energy holding company whose subsidiaries provide natural gas, electricity, and other products and services to over 3.7 million customers located within a corridor that runs from the Gulf Coast through the Midwest to New England. NiSource's principal subsidiaries include Columbia Energy Group (Columbia) a vertically integrated natural gas distribution, transmission and storage holding company whose subsidiaries provide service to customers in the Midwest, the Mid-Atlantic and the Northeast; Northern Indiana Public Service Company (Northern Indiana), a vertically integrated gas and electric company that provides service to customers in northern Indiana, and Bay State Gas Company (Bay State), a natural gas distribution company that serves customers in New England. NiSource has four business segments: Gas Distribution Operations, Gas Transmission and Storage Operations, Electric Operations and Other Operations.