NiSource Inc. announces Federal Energy Regulatory Commission approval of sale of 19.9% equity interest in NIPSCO
19 Outubro 2023 - 7:30PM
Business Wire
NiSource Inc. (NYSE: NI) (“NiSource”) announced today the
Federal Energy Regulatory Commission (FERC) granted approval of the
acquisition of a 19.9% equity interest in the company’s Northern
Indiana Public Service Company LLC (NIPSCO) subsidiary by an
affiliate of Blackstone Infrastructure Partners (NYSE: BX). As
previously announced, upon closing of the transaction, the
Blackstone affiliate will acquire a 19.9% equity interest in NIPSCO
Holdings II LLC, which owns all of the equity interests of NIPSCO,
and NiSource will own the remaining 80.1% of NIPSCO Holdings II
LLC.
“We are pleased to have received FERC’s approval of the proposed
transaction with Blackstone Infrastructure Partners,” said Shawn
Anderson, NiSource's executive vice president and CFO. “Following
the transaction close, NiSource’s balance sheet will be
strengthened and positioned to support an ongoing robust capital
expenditures program. We believe this valued partnership with
Blackstone will greatly benefit our communities in Northwest
Indiana, and the further development of our NIPSCO operating
company — a critical piece to ensuring long-term safety and
reliability, while supporting the energy transition.”
Approval from FERC is the only regulatory approval required for
completion of the transaction. NiSource continues to expect the
transaction to close by year-end 2023.
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 7,200 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. NI-F
Forward-Looking Statements
This press release contains “forward-looking statements,” within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”).
Forward-looking statements in this press release include, but are
not limited to, any statements regarding the ability to complete
the sale of a 19.9 percent equity interest sale in NIPSCO Holdings
II (the “Transaction”) on the anticipated timeline or at all, the
anticipated benefits of the Transaction if completed, the projected
impact of the Transactions on our performance or opportunities; any
statements regarding our expectations, beliefs, plans, objectives
or prospects or future performance or financial condition as a
result of or in connection with the Transaction, our plans,
strategies and objectives, and any and all underlying assumptions
and other statements that are other than statements of historical
fact. Investors and prospective investors should understand that
many factors govern whether any forward-looking statement contained
herein will be or can be realized. Any one of those factors could
cause actual results to differ materially from those projected.
Expressions of future goals and expectations and similar
expressions, including “may,” “will,” “should,” “could,” “would,”
“aims,” “seeks,” “expects,” “plans,” “anticipates,” “intends,”
“believes,” “estimates,” “predicts,” “potential,” “targets,”
“forecast,” and “continue,” reflecting something other than
historical fact are intended to identify forward-looking
statements. All forward-looking statements are based on assumptions
that management believes to be reasonable; however, there can be no
assurance that actual results will not differ materially.
Factors that could cause actual results to differ materially
from the projections, forecasts, estimates and expectations
discussed in this press release include, but are not limited to,
risks and uncertainties relating to the timing and certainty of
closing the Transaction; the ability to satisfy the conditions to
closing the Transaction, including the ability to obtain FERC
approval necessary to complete the Transaction; the ability to
achieve the anticipated benefits of the Transaction; the effect of
this communication on NiSource’s stock price; the effects of
transaction costs; the effects of the Transaction on industry,
market, economic, political or regulatory conditions outside of
NiSource’s control; any disruption to NiSource’s business from the
Transaction, including the diversion of management time on
Transaction-related issues; our ability to execute our business
plan or growth strategy, including utility infrastructure
investments; potential incidents and other operating risks
associated with our business; our ability to adapt to, and manage
costs related to, advances in, or failures of, technology; impacts
related to our aging infrastructure; our ability to obtain
sufficient insurance coverage and whether such coverage will
protect us against significant losses; the success of our electric
generation strategy; construction risks and natural gas costs and
supply risks; fluctuations in demand from residential and
commercial customers; fluctuations in the price of energy
commodities and related transportation costs or an inability to
obtain an adequate, reliable and cost-effective fuel supply to meet
customer demands; the attraction and retention of a qualified,
diverse workforce and ability to maintain good labor relations; our
ability to manage new initiatives and organizational changes; the
actions of activist stockholders; the performance of third-party
suppliers and service providers; potential cybersecurity attacks;
increased requirements and costs related to cybersecurity; any
damage to our reputation; any remaining liabilities or impact
related to the sale of the Massachusetts Business; the impacts of
natural disasters, potential terrorist attacks or other
catastrophic events; the physical impacts of climate change and the
transition to a lower carbon future; our ability to manage the
financial and operational risks related to achieving our carbon
emission reduction goals, including our Net Zero Goal; our debt
obligations; any changes to our credit rating or the credit rating
of certain of our subsidiaries; any adverse effects related to our
equity units; adverse economic and capital market conditions or
increases in interest rates; inflation; recessions; economic
regulation and the impact of regulatory rate reviews; our ability
to obtain expected financial or regulatory outcomes; continuing and
potential future impacts from the COVID-19 pandemic; economic
conditions in certain industries; the reliability of customers and
suppliers to fulfill their payment and contractual obligations; the
ability of our subsidiaries to generate cash; pension funding
obligations; potential impairments of goodwill; the outcome of
legal and regulatory proceedings, investigations, incidents, claims
and litigation; potential remaining liabilities related to the
Greater Lawrence Incident; compliance with applicable laws,
regulations and tariffs; compliance with environmental laws and the
costs of associated liabilities; changes in taxation; and other
matters set forth in Item 1, “Business,” Item 1A, “Risk Factors”
and Part II, Item 7, “Management's Discussion and Analysis of
Financial Condition and Results of Operations,” of our Annual
Report on Form 10-K for the fiscal year ended December 31, 2022,
and matters set forth in our Quarterly Report on Form 10-Q for the
quarters ended March 31, 2023 and June 30, 2023, some of which
risks are beyond our control. In addition, the relative
contributions to profitability by each business segment, and the
assumptions underlying the forward-looking statements relating
thereto, may change over time. All forward-looking statements are
expressly qualified in their entirety by the foregoing cautionary
statements. We undertake no obligation to, and expressly disclaim
any such obligation to, update or revise any forward-looking
statements to reflect changed assumptions, the occurrence of
anticipated or unanticipated events or changes to the future
results over time or otherwise, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231019572192/en/
Media Lynne Evosevich
Corporate Media Relations (724) 288-1611
levosevich@nisource.com
Investors Christopher
Turnure Director, Investor Relations (614) 404-9426
cturnure@nisource.com
Nisource (NYSE:NI)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Nisource (NYSE:NI)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024