NiSource Reports Q2 Gains

NiSource is headquartered in Merrillville.

Merrillville-based NiSource Inc. (NYSE: NI) is reporting second quarter net income of $46.5 million compared to loss of $18.5 million during the same period a year ago. For the first six months of the year, NiSource reported net income of $328 million, compared to $43.3 million for the same period in 2020.

The utility says its renewable generation plans, including the addition of wind and solar power, remains ahead of schedule. The company says it has received approval from the Indiana Utility Regulatory Commission of all renewable joint venture projects included in its estimated $2 billion investment.

“In addition, we have received more than 180 proposals in our 2021 Integrated Resource Plan (IRP) process, which will inform our generation replacement strategy in Indiana beyond 2023,” said NiSource President and CEO Joe Hamrock. “We continue to expect that our infrastructure and generation investments will drive compound annual growth of 7 to 9% in diluted net operating earnings per share from 2021 through 2024 while reducing greenhouse gas emissions 90% by 2030.”

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