Merrillville-based NiSource Inc. (NYSE: NI) is reporting a first quarter net income of $281.7 million, compared to $61.8 million during the same period last year. President Joe Hamrock says the company expects its infrastructure and generation investments will continue to drive growth.
“With the successful completion of last month’s convertible issuance, NiSource is well positioned to execute the next stage of our growth plan, driven by safety and asset modernization programs, as well as our electric generation transition strategy,” said Hamrock. “In Indiana, we kicked off our 2021 Integrated Resource Plan (IRP) process, which will inform our strategy beyond 2023, and we initiated four new renewable energy projects in 2021.”
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