NiSource Announces Long-Term Plan For U.S. Energy Infrastructure Investment
NiSource Inc. announced its long-term growth strategy, including an $8-10 billion investment in Gas Transmission and Storage infrastructure, another approximately $10 billion investment in Gas Distribution infrastructure, and a smaller $6-8 billion investment in electric operations. Based in Merrillville, Ind., NiSource delivers energy to 3.8 million from the Gulf Coast through the Midwest to New England.
The Company’s plan is for the next 20-plus years to invest “more than $25 billion in infrastructure modernization and growth investment opportunities spanning the company's natural gas and electric operations,” according to the report. Capital investments are expected at $1.5 to $1.8 billion per year, with non-GAAP growth of 5-7% annually.
The Gas Transmission and Storage infrastructure investment includes the interstate pipeline modernization program and minerals projects in the Utica and Marcellus Shale production areas. The company will modernize its gas distribution systems while the electric operations investment will include environmental enhancements, electric transmission and distribution system improvements, and generation facility upgrades.
Source: NiSource Inc.