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Press release content from PR Newswire. The AP news staff was not involved in its creation.
NiSource Reports First Quarter 2021 Results
May 5, 2021 GMT
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MERRILLVILLE, Ind., May 5, 2021 /PRNewswire/ NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended March 31, 2021 of $281.7 million, or $0.72 diluted earnings per share, compared to a net income available to common shareholders of $61.8 million, or $0.16 diluted earnings per share, for the same period of 2020.
NiSource also reported non-GAAP net operating earnings available to common shareholders of $304.8 million, or $0.77 diluted earnings per share, for the three months ended March 31, 2021, compared to non-GAAP net operating earnings available to common shareholders of $290.9 million, or $0.76 diluted earnings per share, for the same period of 2020. Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP
NIPSCO to retire two Indiana coal-fired units in 2021 - Daily Energy Insider
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MERRILLVILLE â Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), announced recently plans to retire two coal-fired units representing half of its R.M. Schahfer Generating Station capacity in Wheatfield, by the end of 2021.
The retirements are part of NIPSCOâs broader, long-term electric generation strategy and customer-centric plan referred to as âYour Energy, Your Future.â The strategy outlines the companyâs plans to become 100% coal-free by 2028, while transitioning to reliable, lower-cost and more sustainable energy options. NIPSCO projects the transition will result in an estimated $4 billion in cost savings over the long term.
The Schahfer Generating Station coal-fired units 14 and 15, designated for retirement this year, are among the oldest in NIPSCOâs fleet, having been in service since 1976 and 1979 respectively.