Company continues to strengthen collaborative
supplier partnerships
NiSource Inc. (NYSE: NI), one of the leading fully regulated
utilities in the United States, held its annual Supplier Day event
yesterday, showcasing the company’s commitment to strong working
relationships with a number of key suppliers. The company also
recognized several suppliers with year-end awards for their work in
helping NiSource honor its vision of being an innovative and
trusted energy partner.
With more than 50 suppliers in attendance, NiSource senior
leaders shared the company’s plan for growth and development and
the important role suppliers will play as valued partners. NiSource
CEO Lloyd Yates said the company’s success will depend heavily on a
strong collaborative environment with its suppliers.
“Our organization aims to grow by strengthening relationships
with existing suppliers and establishing partnerships with new
ones,” Yates said. “We value an extensive, diverse network of
suppliers and believe their partnership with our company helps to
aid in the growth and development of an inclusive environment that
benefits our customers, employees and communities.”
NiSource discussed with its partners an overview of the
organization’s construction, technology and development plans, key
objectives, significant policies, and future strategic
initiatives.
During the event, NiSource presented six Supplier Awards to
recognize the significant contributions made by suppliers in
essential areas:
- NiSource Safety Supplier of the Year: The Robert Henry
Corporation
- NiSource Diverse Supplier of the Year: HEI Utility
Contractors
- NiSource Sustainability Supplier of the Year: Picarro
- NiSource Cybersecurity Supplier of the Year: SHI
International
- NiSource Innovative Supplier of the Year: Picarro
- NiSource Supplier of the Year: CJ Hughes Construction Co
Following an insightful and inspiring day, NiSource leadership
reaffirmed the company’s commitment to prioritize the social and
economic prosperity of their customers, employees and the
communities they serve.
“The vital role our suppliers play in delivering reliable and
high-quality services to our customers cannot be overstated,” said
Senior Vice President and Chief Procurement & Corporate
Services Officer, Sandra Brummitt. “We appreciate our suppliers who
have developed strong partnerships, shown unwavering dedication and
displayed a proactive approach to achieving excellence as we
provide essential services to our communities. NiSource’s 2023
awards demonstrate our gratitude towards the suppliers identified
by our business partners for delivering meaningful value.”
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"). 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. These
forward-looking statements include, but are not limited to,
statements concerning our plans, strategies, objectives, expected
performance, and any and all underlying assumptions and other
statements that are other than statements of historical fact.
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, among other things, 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; 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;
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 Part I, 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 the company's annual report on Form 10-K
for the year ended December 31, 2022, and matters set forth in our
quarterly reports on Form 10-Q for the quarters ended March 31,
2023, June 30, 2023 and September 30, 2023, some of which risks are
beyond our control.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231109487146/en/
Media Reggie Fields
Corporate Media Relations (614) 537-7943
reginaldfields@nisource.com
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