NiSource

TC Energy reports record 2023 operating and financial results driven by solid execution

Retrieved on: 
Friday, February 16, 2024
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Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.

Key Points: 
  • Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.
  • Our collective efforts in 2023 continued to set the stage for a transformative period for TC Energy.
  • Guided by a clear set of strategic priorities for 2023, including project execution, enhancing balance sheet strength, and maximizing the value of our asset base, TC Energy was successful in delivering on our commitments.
  • Throughout fourth quarter 2023, we continued to see strong, sustained demand for our assets and services that further supported the delivery of record results.

NiSource Inc. Announces Redemption of All Depositary Shares Representing Interests in Its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock and Series B-1 Preferred Stock

Retrieved on: 
Friday, February 9, 2024
Energy, Utilities, Oil, Gas, NiSource, Deposit, CUSIP, Computershare, DTC, Depository Trust Company, Series, Security (finance)

NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it will redeem all outstanding shares of its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, liquidation preference $25,000 per share (the “Series B Preferred Stock”) and Series B-1 Preferred Stock, par value $0.01 per share, liquidation preference $0.01 per share (the “Series B-1 Preferred Stock”), and the corresponding depositary shares representing interests in the outstanding shares of the Series B Preferred Stock and the Series B-1 Preferred Stock (the “Depositary Shares”), on March 15, 2024 (the “Redemption Date”).

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it will redeem all outstanding shares of its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, liquidation preference $25,000 per share (the “Series B Preferred Stock”) and Series B-1 Preferred Stock, par value $0.01 per share, liquidation preference $0.01 per share (the “Series B-1 Preferred Stock”), and the corresponding depositary shares representing interests in the outstanding shares of the Series B Preferred Stock and the Series B-1 Preferred Stock (the “Depositary Shares”), on March 15, 2024 (the “Redemption Date”).
  • All 20,000,000 Depositary Shares (NYSE: NI PR B) (CUSIP No.
  • 65473P 881), each representing a 1/1,000th ownership interest in one share of the Series B Preferred Stock and a 1/1,000th ownership interest in one share of the Series B-1 Preferred Stock, will be redeemed on the Redemption Date, simultaneously with the redemption of the Series B Preferred Stock and the Series B-1 Preferred Stock, at a redemption price of $25.00001 per Depositary Share.
  • On and after the Redemption Date, dividends on the redeemed Series B Preferred Stock and the corresponding Depositary Shares will cease to accumulate.

NiSource to Release Financial Results and Host Conference Call on February 21

Retrieved on: 
Wednesday, February 7, 2024
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, NiSource, News, Webcast, ID

NiSource Inc. (NYSE: NI) today announced that the company will host a conference call at 11 a.m.

Key Points: 
  • NiSource Inc. (NYSE: NI) today announced that the company will host a conference call at 11 a.m.
  • ET (10 a.m. CT) on Wednesday, February 21, 2024, to review its fourth quarter 2023 financial results and provide a general business update.
  • NiSource will release its fourth quarter 2023 financial results before U.S. financial markets open on February 21.
  • All interested parties may listen to the conference call live on February 21 by logging onto the NiSource website at www.nisource.com .

NiSource Declares Common and Preferred Stock Dividends

Retrieved on: 
Thursday, January 25, 2024
Energy, Utilities, Oil, Gas, Series, Corporation, NiSource

The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable February 20, 2024, to stockholders of record at the close of business on February 5, 2024.

Key Points: 
  • The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable February 20, 2024, to stockholders of record at the close of business on February 5, 2024.
  • The board also declared today a dividend of $406.25 per share on the Corporation's 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, equal to $0.40625 per depositary share, each representing a 1/1000th interest in a share of the Series B Preferred Stock, is hereby declared, payable March 15, 2024, to stockholders of record at the close of business on February 23, 2024.

Leading Energy Experts Set to Tackle Future of Mining at MINEXCHANGE 2024

Retrieved on: 
Friday, January 5, 2024
Carbon, SME, Conference, NiSource, Consol Energy, Research, Mining, System, Society, Craft, DOE, Energy, Coal, CNX, Natural gas, Assistant, Metallurgy, National Mining Association, Renewable energy

ENGLEWOOD, Colo., Jan. 04, 2024 (GLOBE NEWSWIRE) --  The Society for Mining, Metallurgy & Exploration (SME) will be hosting the 2024 MINEXCHANGE Annual Conference & Expo from February 25-28, in Phoenix, Arizona.

Key Points: 
  • ENGLEWOOD, Colo., Jan. 04, 2024 (GLOBE NEWSWIRE) --  The Society for Mining, Metallurgy & Exploration (SME) will be hosting the 2024 MINEXCHANGE Annual Conference & Expo from February 25-28, in Phoenix, Arizona.
  • This year’s conference will feature leading energy experts including a keynote session followed by a panel discussion.
  • Alex Epstein (keynote): Epstein is a philosopher and energy expert who argues that "human flourishing" should be the guiding principle of energy and environmental progress.
  • Click here for more information about SME and the 2024 MINEXCHANGE Annual Conference & Expo.

NiSource Inc. Completes NIPSCO Minority Equity Interest Transaction

Retrieved on: 
Tuesday, January 2, 2024
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NiSource Inc. (NYSE: NI) (“NiSource”) today announced that it has completed the issuance of a 19.9% indirect equity interest in the company’s Northern Indiana Public Service Company LLC (“NIPSCO”) subsidiary to an affiliate of Blackstone Infrastructure Partners (“Blackstone Infrastructure”), the dedicated infrastructure group of Blackstone Inc. (NYSE: BX).

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) today announced that it has completed the issuance of a 19.9% indirect equity interest in the company’s Northern Indiana Public Service Company LLC (“NIPSCO”) subsidiary to an affiliate of Blackstone Infrastructure Partners (“Blackstone Infrastructure”), the dedicated infrastructure group of Blackstone Inc. (NYSE: BX).
  • As previously announced , through the transaction the Blackstone affiliate has acquired a 19.9% non-controlling equity interest in NIPSCO Holdings II LLC, which owns all the equity interests of NIPSCO, and NiSource will own the remaining 80.1% of NIPSCO Holdings II LLC.
  • Blackstone Infrastructure is an active perpetual capital investor across the utility, energy transition, transportation, digital infrastructure, water and waste infrastructure sectors.
  • “We are pleased to announce the completion of this transaction and are excited about the long-term partnership we have entered into with Blackstone,” said NiSource president and CEO, Lloyd Yates.

NiSource Named to S&P Dow Jones Sustainability Indices for 10th Consecutive Year

Retrieved on: 
Tuesday, December 12, 2023
Other Energy, Utilities, Oil, Gas, Finance, Coal, Environmental Health, Alternative Energy, Energy, Professional Services, Environmental, Social and Governance (ESG), Environment, DEI (Diversity, Equity and Inclusion), Sustainability, Green Technology, ESG, NiSource, Economic development, DJSI, NYSE, Dow Jones, Risk management, Risk, Renewable energy

NiSource Inc. (NYSE: NI), one of the largest fully-regulated utility companies in the United States, has been named to the Dow Jones Sustainability Indices (DJSI) for 2023, recognizing the company as a global leader for its environmental, social, and corporate governance (ESG) initiatives and ethical standards.

Key Points: 
  • NiSource Inc. (NYSE: NI), one of the largest fully-regulated utility companies in the United States, has been named to the Dow Jones Sustainability Indices (DJSI) for 2023, recognizing the company as a global leader for its environmental, social, and corporate governance (ESG) initiatives and ethical standards.
  • It marks the 10th consecutive year that NiSource has been named to the DJSI.
  • The company is also on track to retire all coal assets by 2028, replacing them with renewable energy sources.
  • The DJSI was launched in 1999 as a pioneering global sustainability benchmark available in the market.

NiSource Inc. Announces the Settlement Rate for the Purchase Contract Component of its 2021 Equity Units Offering

Retrieved on: 
Friday, December 1, 2023
Energy, Utilities, Oil, Gas, NiSource, NYSE, Equity, Series, NIMC, Bloomberg, Security (finance)

NiSource Inc. (NYSE: NI) (“NiSource”) announced today the settlement rate of the purchase contracts that form part of its Series A Corporate Units (the “Corporate Units”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) announced today the settlement rate of the purchase contracts that form part of its Series A Corporate Units (the “Corporate Units”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).
  • Each holder of a Corporate Unit will receive 3.9295 shares (the “Settlement Rate”) of NiSource common stock with cash to be paid in lieu of any fractional share.
  • The Settlement Rate was determined based upon the per-share daily volume weighted average of NiSource’s common stock over a consecutive 40-day trading period ending on November 29, 2023.
  • Pursuant to the terms of the 2021 Equity Units, as of December 1, 2023, each holder of Corporate Units will be deemed to have automatically delivered the related Series C Mandatory Convertible Preferred Stock that are components of the Corporate Units to NiSource in full satisfaction of such holder’s obligations under the related purchase contracts.

NiSource Inc. Announces Results of Final Remarketing of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering

Retrieved on: 
Friday, November 17, 2023
Energy, Utilities, Oil, Gas, NiSource, Wells Fargo, NYSE, Madison Avenue, Telephone, Attention, J. P. Morgan, Convertible, Equity, Prospectus, BofA Securities, Scotiabank, Security (finance)

NiSource Inc. (NYSE: NI) (“NiSource”) announced today the unsuccessful final remarketing of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) announced today the unsuccessful final remarketing of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).
  • As of December 1, 2023, holders of shares of Mandatory Convertible Preferred Stock that are components of the 2021 Equity Units will be deemed to have automatically delivered their Mandatory Convertible Preferred Stock to NiSource to satisfy in full their obligations to purchase NiSource common stock under the purchase contract component of their 2021 Equity Units.
  • The final remarketing was made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission.
  • Any offers to remarket the Mandatory Convertible Preferred Stock were made exclusively by means of a prospectus supplement and accompanying prospectus.

NiSource Inc. Announces Postponement of the Final Remarketing of its Series C Mandatory Convertible Preferred Stock

Retrieved on: 
Wednesday, November 15, 2023
Energy, Utilities, Oil, Gas, NiSource, Wells Fargo, NYSE, Telephone, J. P. Morgan, Convertible, Goldman Sachs, Prospectus, BofA Securities, ATTN:, Scotiabank, Broadridge Financial Solutions, Security (finance)

NiSource Inc. (NYSE: NI) (“NiSource”) is announcing that it has postponed, at its option, the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units.

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) is announcing that it has postponed, at its option, the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units.
  • On November 14, 2023, NiSource announced the commencement of the final remarketing of the Mandatory Convertible Preferred Stock.
  • NiSource has postponed the final remarketing of the Mandatory Convertible Preferred Stock.
  • Should NiSource recommence the final remarketing, NiSource will issue another press release on or prior to the day on which it recommences the final remarketing.