Companies
NiSource
S&P 500Utilities· USA

NI

Dependent

NiSource

$47.19

-1.79%

Open $47.95·Prev $48.05

as of 13 Apr

DEPENDENT

Power Core

NiSource's moat is the legal monopoly granted by state utility commissions over gas distribution and electric service in defined geographic territories, combined with the physical irreplaceability of its buried pipeline infrastructure.

Published1 Apr 2026
UniverseS&P 500
SectorUtilities

Direction of Movement

Coal Retirement Drives Visible, Regulated Growth

ROC 200

+20.7%

Referenced in 9 other analyses

Company Profile

NiSource Inc. is one of the nation's largest fully regulated utility companies, serving nearly 4 million natural gas and electric customers across six states: Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. Operating primarily through its Gas Distribution Operations segment under the Columbia Gas brand, it provides natural gas service and transportation to residential, commercial, and industrial customers. The Electric Operations segment, managed by NIPSCO, handles the generation, transmission, and distribution of electricity in northern Indiana to approximately 500,000 customers, supported by more than 3,000 megawatts of generation capacity from coal, natural gas, and renewable sources. NiSource Inc. focuses on the modernization and replacement of utility infrastructure, alongside system expansions and regulatory initiatives, to deliver reliable energy solutions. Founded in 1987 and headquartered in Merrillville, Indiana, it plays a vital role in the regulated utilities sector, emphasizing stable energy distribution and infrastructure reliability.

Sector

Utilities

Industry

Utilities - Regulated Gas

Employees

7,687

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