NiSource
A U.S. utility holding company primarily engaged in natural gas and electric transmission and distribution, with operations spanning Indiana and several other Midwestern states. It operates generation assets through its subsidiary GenCo.
Timeline (last 90 days)
NiSource and Microsoft announced on October 16 the signing of a long-term power agreement, with service expected to begin in 2028 and a term of 20 years.
NiSource's announcement mentions about 1,100 MW of expansion of GenCo's own portfolio, with Microsoft fully funding the generation and transmission facilities needed for its load.
The agreement specifies a 600 MW battery resource that will join a resource pool serving multiple large-load customers.
NiSource's October 16 filing with the SEC shows that on October 15 GenCo signed an escrow agreement with Atlas Storage 1, a subsidiary of AGP Group.
The roughly 1,100 MW is an announced portfolio expansion and should not be copied directly into campus specifications as verified IT load demand.
NiSource expects existing NIPSCO customers to save money, but these remain company expectations rather than measured bill results.
All Facts (6)
NiSource's announcement mentions about 1,100 MW of expansion of GenCo's own portfolio, with Microsoft fully funding the generation and transmission facilities needed for its load.
50%UnverifiedThe agreement specifies a 600 MW battery resource that will join a resource pool serving multiple large-load customers.
50%UnverifiedThe roughly 1,100 MW is an announced portfolio expansion and should not be copied directly into campus specifications as verified IT load demand.
50%UnverifiedNiSource and Microsoft announced on October 16 the signing of a long-term power agreement, with service expected to begin in 2028 and a term of 20 years.
50%UnverifiedNiSource's October 16 filing with the SEC shows that on October 15 GenCo signed an escrow agreement with Atlas Storage 1, a subsidiary of AGP Group.
50%UnverifiedNiSource expects existing NIPSCO customers to save money, but these remain company expectations rather than measured bill results.
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