PROSPECTUS SUMMARY
This summary description about us and our business highlights selected information contained elsewhere in this prospectus or incorporated
by reference into this prospectus. It does not contain all the information you should consider before investing in our common stock.
We urge you to read carefully the entire prospectus and the documents incorporated by reference in this prospectus, including the
historical financial statements and notes to those financial statements incorporated by reference in this prospectus. You should read carefully the Risk Factors section on page 4 of this prospectus and the Risk
Factors and Note Regarding Forward-Looking Statements sections in NiSources Annual Report
on Form 10-K for
the year ended December 31, 2017 and in NiSources
Quarterly Reports on Form
10-Q
for the quarters ended March 31, 2018, June 30, 2018 and September 30, 2018, each of which is incorporated by reference for more information about important risks that
you should consider before investing in our common stock.
Unless the context requires otherwise, we, us or
our refer collectively to NiSource Inc. and its subsidiaries.
NiSource Inc.
Overview.
NiSource is an energy holding company whose subsidiaries are fully regulated natural gas and electric utility
companies serving approximately 3.9 million customers in seven states. We are one of the nations largest natural gas distribution companies, as measured by number of customers. Our principal subsidiaries include NiSource Gas
Distribution Group, Inc., a natural gas distribution company, and Northern Indiana Public Service Company LLC, or NIPSCO, a gas and electric company. NiSource derives substantially all of its revenues and earnings from the operating results of these
rate-regulated businesses. Our primary business segments are:
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Gas Distribution Operations; and
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On July 1, 2015, we completed
the spin-off of
our former subsidiary Columbia Pipeline
Group, Inc., which comprised all of our Columbia Pipeline Group Operations segment prior to that time.
Business
Strategy.
We focus our business strategy on our core, rate-regulated asset-based businesses, with most of our operating income generated from the rate-regulated businesses. NiSources utilities continue to move forward on core
infrastructure and environmental investment programs supported by complementary regulatory and customer initiatives across all seven states in which we operate. Our goal is to develop strategies that benefit all stakeholders as we address changing
customer conservation patterns, develop more contemporary pricing structures and embark on long-term investment programs. These strategies will help improve reliability and safety, enhance customer services and reduce emissions while generating
sustainable returns.
Gas Distribution Operations.
Our natural gas distribution operations serve approximately
3.5 million customers in seven states and operate approximately 60,000 miles of pipeline. Through our wholly-owned subsidiary NiSource Gas Distribution Group, Inc., we own six distribution subsidiaries that provide natural gas to approximately
2.6 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland and Massachusetts. We also distribute natural gas to approximately 830,000 customers in northern Indiana through our wholly-owned
subsidiary NIPSCO.
Electric Operations.
We generate, transmit and distribute electricity through our subsidiary NIPSCO
to approximately 469,000 customers in 20 counties in the northern part of Indiana and engage in wholesale and transmission transactions. NIPSCO owns and operates two coal-fired electric generating stations. The two operating facilities have a net
capability of 2,094 megawatts. NIPSCO completed the retirement of the coal-fired generating units at its Bailly Generating Station on May 31, 2018. NIPSCO also owns and operates Sugar Creek, a combined cycle gas turbine plant with a net
capability of 535 megawatts, three
gas-fired
generating units located at NIPSCOs coal-fired electric generating stations with a net capability of 196 megawatts and two hydroelectric generating plants
with a net capability of 10 megawatts. These facilities provide for a total system operating net capability of 2,835 megawatts. NIPSCOs transmission system, with voltages from 69,000 to 345,000 volts, consists of 2,843 circuit miles. NIPSCO is
interconnected with five neighboring electric utilities. During the year ended December 31, 2017, NIPSCO generated 65.2% and purchased 34.8% of its electric requirements.
Our executive offices are located at 801 East 86th Avenue, Merrillville, Indiana 46410,
telephone: (877) 647-5990.