Northern Indiana Public Service Co. (NIPSCO)
NiSource is seeking rate hikes across multiple states to cover hefty infrastructure investments after a 13% increase in Q1 2018 earnings.
FERC ordered 48 electric utilities to revise their transmission rates to reflect the recently enacted Tax Cuts and Jobs Act.
NiSource lost $52.4 million during Q4 due to one-time charges related to recent federal tax cuts, but the company focused on its adjusted earnings and growing customer base.
MISO and PJM have withdrawn their support for developing the lone efficiency project to emerge from the RTOs’ two-year coordinated system plan.
Seven of the eight stakeholder-originated project proposals evaluated by MISO and PJM are not expected to pass the RTOs’ benefit threshold.
NiSource lost $44.3 million ($0.14/share) in the second quarter, with company officials pinning the sagging earnings on an expensive debt-related charge.
NiSource owes its “strong” first-quarter performance to the success of its infrastructure spending strategy, according to CEO Joseph Hamrock.
The Indiana Senate approved a controversial bill that would phase out the state’s retail net metering program, moving it to the House.
NiSource is holding firm to its plan to retire half of its coal generation by 2023 while increasing infrastructure spending from already record levels.
FERC found that MISO and PJM have largely complied with commission directives issued in an order resolving a complaint by NIPSCO over interregional planning
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