NiSource (NI) Completes NIPSCO Minority Equity Interest Transaction
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NiSource Inc. Completes NIPSCO Minority Equity Interest Transaction
January 2, 2024 6:30 AM ESTInvestment by Blackstone Infrastructure Partners affiliate (Blackstone) to acquire a 19.9% indirect non-controlling equity interest in NIPSCO for $2.16 billion, with an additional equity commitment of $250 million to fund ongoing capital requirements, strengthens NIPSCOs financial foundation and supports sustainable long-term growth. Blackstone invests alongside NiSource in NIPSCO to fund the energy transition and to accelerate the reindustrialization of the Midwest. NiSource reaffirms commitment to Indiana and to its consolidated credit, earnings and growth commitments through 2028.
MERRILLVILLE, Ind.--(BUSINESS WIRE)-- NiSource Inc. (NYSE: NI) (NiSource) today... More
