Merrillville-based NiSource Inc. (NYSE: NI) is reporting a second quarter net loss of $44.3 million, compared to net income of $29 million during the same period last year. The company says the loss is due, in part, to expenses related to debt restructuring.
NiSource says its refinancing efforts will "result in significant interest expense savings over the next several years." Chief Executive Officer Joe Hamrock says, despite the quarterly loss, the company continued to execute its long-term investment strategy.
The company says it will continue its plans to invest up to $1.8 billion annually in its utility infrastructure programs through 2020. You can view the full second quarter earnings report by clicking here.