NiSource (NI) Completes NIPSCO Minority Equity Interest Transaction
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/28/2026
- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
NiSource Inc. Completes NIPSCO Minority Equity Interest Transaction
January 2, 2024 6:30 AM ESTInvestment by Blackstone Infrastructure Partners affiliate (Blackstone) to acquire a 19.9% indirect non-controlling equity interest in NIPSCO for $2.16 billion, with an additional equity commitment of $250 million to fund ongoing capital requirements, strengthens NIPSCOs financial foundation and supports sustainable long-term growth. Blackstone invests alongside NiSource in NIPSCO to fund the energy transition and to accelerate the reindustrialization of the Midwest. NiSource reaffirms commitment to Indiana and to its consolidated credit, earnings and growth commitments through 2028.
MERRILLVILLE, Ind.--(BUSINESS WIRE)-- NiSource Inc. (NYSE: NI) (NiSource) today... More
