NiSource Inc., formerly NIPSCO Industries, Inc., is an energyand utility-based holding company headquartered in Merrillville, Indiana, that provides natural gas, electricity and water to the public for residential, commercial and industrial uses. NiSource operating companies deliver energy to millions of customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England.
801 EAST 86TH AVE MERRILLVILLE, IN 46410-6272, USA Phone: 2196475200 Fax: 219-647-5589 Web: http://www.nisource.com
Industry:UTIL-ELEC PWR Sector: Utilities Fiscal Year End:December Last Reported Quarter:03/31/12 Next EPS Date:08/07/12
Capital Structure Solvency and Cash Flow
Since the beginning of FY09, the Company has taken several steps to address their financing needs for FY09 and FY10, and the two large maturities that were coming in November of both years ($450.0 million in FY09 and $1.0 billion in FY10). NI improved its liquidity position during the quarter as it raised $600.0 million in senior unsecured debt, added a $385.0 million term loan (due 2011), and repurchased approximately $250.0 million of its 7.875% November 2010 notes.
Last edited Tue Jun 16, 2009 02:01 PM by RJha (Zacks Investment Research)
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Governance Social Responsibility and Employee Relations
Acquisitions Divestitures and Joint Ventures
Recent and Upcoming Events
Major Risks
• Regulations: NI’s regulated operations are subject to state and federal regulations.
• Price Volatility: Energy price volatility can affect NI’s regulated and unregulated operations.
• Flat Earnings: The Company anticipates relatively flat earnings over the next couple of years as there are no material near-term catalysts to bolster earnings growth.
• Pipeline Capacity Contracts: The risk of re-contracting pipeline capacity at lower rates, upon contract expiration, could have a material impact on earnings.
Last edited Fri Jan 09, 2009 10:12 AM by RJha (Zacks Investment Research)
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Last Modification: Thursday 03 of June, 2010 08:28:46 CDT by WikiMigrationBot.
