NiSource (NI) Signs 20-Year Energy Deal with Microsoft to Supply

NiSource (NI) signed a 20-year deal to supply power to Microsoft's (MSFT) Indiana campus, expanding customer savings to $1.75B. Service starts in 2028. NI shares rose 1.31% pre-market.

NiSource (NYSE: NI) signed a 20-year energy agreement with Microsoft, starting in 2028, to serve Microsoft's data center in Indiana. The deal is expected to increase NIPSCO electric customer savings to $1.75 billion, or $140 per customer annually. Microsoft will fund all generation and transmission required, and NiSource will add 1,100 MW to its pool portfolio, including 600 MW of battery storage.

NiSource (NI) announced a 20-year energy partnership with Microsoft to power a new campus, adding 1,100 MW capacity. Microsoft will cover costs, shielding existing customers. NI's P/S ratio is 2.87x, above historical median. GF Score is 67/100, with strong valuation but weak financial strength. Insider selling totaled $4.9M over 12 months.

NiSource (NI) announced a 20-year deal with Microsoft (MSFT) to provide 1,100 MW of new energy capacity from 2028, boosting NI shares by 3% in early trading. The agreement expands NiSource's GenCo-owned pool portfolio.

NiSource Inc. (NYSE:NI) signed a 20-year energy deal with Microsoft for its Indiana data center campus, starting in 2028. The agreement adds 1,100 MW of new generation resources, with Microsoft funding the infrastructure. Expected savings for existing customers rise to $1.75 billion. NiSource will provide more details on its Q3 earnings call.

NiSource (NYSE: NI) announced a 20-year energy agreement with Microsoft, expected to expand customer savings to $1.75 billion and create jobs. The deal, starting in 2028, includes 1,100 MW of new generation resources and 600 MW of battery storage, with Microsoft funding all generation and transmission costs.