Company Overview Visit nisource.com website
NiSource Inc. is an American publicly traded company in the energy industry operating natural gas and electricity transmission and distribution to approximately 3 million customers across seven midwestern states, including their corporate headquarters located in Merrillville, Indiana.
NiSource was founded in 1987 through the acquisition of several utility assets. The company acquired Columbia Gas Transmission Corporation from Dominion Resources in 1997 for $1.64 billion, then purchased Kentucky Central Electric Corporation (KCE) from LG&E International for $900 million in December 2000 at a time when it served roughly one third of KCE's base load requirements with coal-fired generation plants . NiSource has grown significantly since its foundation, expanding to serve more than three million electric and gas customers across seven states. They currently own and maintain more than 22,000 miles of gas transmission pipeline.
NiSource is the parent company of Columbia Gas, a natural gas utility with coverage in Ohio, Kentucky, Virginia, Indiana, Pennsylvania, Texas and New Jersey. NiSource also owns Direct Energy Regulated Services which operates local distribution companies throughout the country. The next year in 1999 they acquired Old Dominion Electric Cooperative which gave them an entrance to Washington D.C., northern Virginia's major commercial markets as well as support for their mid-atlantic expansion strategy . They have since extended into other areas within southern states including Florida by acquiring Mirant Corporation in 2000 along with its subsidiaries Compania Generadora de Electricidad Sesquicentenaria SA (CGEE) and Mirant Texas Power and Gas . Other subsidiaries of note include Columbia Energy Group LLC which provides wholesale power and gas marketing for the Midwestern region, Cinergy Solutions which is a full service energy advisory firm with expertise in strategy, regulatory affairs, risk management, project development and business development.