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NiSource Inc. (NI)

40.74 Up 1.04(2.62%) 4:04PM EDT
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NiSource Inc.
801 East 86th Avenue
Merrillville, IN 46410
United States - Map
Phone: 877-647-5990

Index Membership:N/A
Industry:Diversified Utilities
Full Time Employees:8,477

Business Summary 

NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services. It operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations. The Gas Distribution Operations segment offers natural gas service and transportation to residential, commercial, and industrial customers. As of December 31, 2013, it owned and operated a total of 58,146 miles of pipelines and related facilities. This segment serves approximately 3.4 million customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana, and Massachusetts. The Columbia Pipeline Group Operations segment provides gas transportation and storage services for local distribution companies, marketers, and industrial and commercial customers located in northeastern, mid-Atlantic, midwestern, and southern states, as well as in the District of Columbia. As of December 31, 2013, it owned and operated approximately 14,780 miles of natural gas transmission pipelines. This segment also operates underground natural gas storage systems capable of storing approximately 642 billion cubic feet of natural gas. The Electric Operations segment generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services. It serves approximately 460,000 customers in 20 countries in the northern part of Indiana; and operates 3 coal-fired electric generating stations with a net capability of 2,540 megawatts (MW), 4 gas-fired generating units with a net capability of 206 MW, and 2 hydroelectric generating plants with a net capability of 10 MW, as well as a combined cycle gas turbine plant with a capacity of 535 MW. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1912 and is headquartered in Merrillville, Indiana.

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Corporate Governance 
NiSource Inc.’s ISS Governance QuickScore as of Oct 1, 2014 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 2; Compensation: 1.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Robert C. Skaggs Jr., 59
Chief Exec. Officer, Pres, Director and Interim Chief Exec. Officer for Gas Distribution Segment
Mr. Stephen P. Smith , 53
Chief Financial Officer and Exec. VP
Ms. Carrie J. Hightman , 57
Chief Legal Officer and Exec. VP
Mr. Glen L. Kettering , 59
Exec. VP and Group Chief Exec. Officer of Columbia Pipeline Group
Mr. Catherine G. Abbott ,
Group Pres
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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