NiSource signs 20‑year power deal with Microsoft for Indiana data center
NiSource announced a 20‑year energy supply agreement with Microsoft for its planned northwest Indiana data‑center campus, beginning in 2028. Microsoft will fully fund about 1,100 MW of new generation capacity and 600 MW of battery storage, shielding existing NIPSCO customers from cost increases. The deal lifts projected total savings for NIPSCO electric customers to roughly $1.75 billion, or about $140 per customer over the contract life. NiSource will provide further operational and financial details during its Q3 2026 earnings call.
Why it matters
The agreement adds significant generation and storage assets to NiSource’s pool, which could improve grid reliability and support data‑center growth without raising rates for existing customers (company says). Analysts expect NI to report Q3 earnings of $0.25 per share on $1.36 billion revenue.
Key facts
- 1The 20‑year agreement will start in 2028. finance.yahoo.com
- 2Microsoft will fully fund all generation and transmission required for the deal. finance.yahoo.com
- 3NiSource will add approximately 1,100 MW of new generation resources. finance.yahoo.com
- 4The agreement includes 600 MW of battery storage under a long‑term tolling arrangement. finance.yahoo.com
- 5Total expected savings for NIPSCO electric customers rise to about $1.75 billion, up from a previously disclosed $1.4 billion. finance.yahoo.com
- 6Savings could amount to as much as $140 per customer annually. gurufocus.com
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.