NI Stock Edges Higher After-Hours On Deals With Alphabet, Amazon

NiSource Inc. and Microsoft agreed on a 20-year energy deal for Microsoft's Indiana data center. The agreement expands expected customer savings to $1.75 billion, with Microsoft funding all generation and transmission costs. NiSource will add 1,100 MW to its pool portfolio and 600 MW of battery storage, improving grid reliability. The deal starts in 2028, protecting existing customers from incremental costs.

NiSource and Microsoft agreed to a 20-year energy deal for a data center campus in Indiana, starting in 2028. NiSource expects $1.75B in customer savings. GenCo will add 1,100 MW to its power pool, including 600 MW of battery storage. Microsoft's investment in the facility is $1B.

NiSource and Microsoft agreed to a 20-year power deal for Microsoft's data center in La Porte, Indiana. Starting in 2028, the agreement will add 1,100 megawatts of power and 600 megawatts of battery storage. Microsoft will fund new power generation and transmission equipment. NiSource estimates $1.75 billion in savings for existing customers over the contract's lifetime.

NiSource Inc. signed a 20-year deal with Microsoft to provide 1,100 megawatts of power to Microsoft's $1 billion La Porte data center campus, starting in 2028. The agreement aims to save NIPSCO customers up to $140 annually. Microsoft will cover all costs, and NiSource's subsidiary GenCo will handle the power supply, including 600 megawatts of battery storage.

NiSource (NI) shares rose 3% after signing a 20-year energy agreement with Microsoft (MSFT) to supply 1,100 MW of capacity starting 2028. Microsoft will fund the infrastructure, avoiding residential subsidies. The deal includes 600 MW of battery storage and is expected to save NIPSCO customers $1.75 billion over the contract life.

NiSource (NI) shares rose 3.1% after announcing a 20-year energy agreement with Microsoft for a northwest Indiana data center. The deal increases projected savings for existing customers to $1.75 billion. NiSource stated that large-load customers will fund the necessary infrastructure, reassuring investors. The company also entered a tolling agreement for a 600 MW battery storage project.