NiSource Inc.

NiSource Inc (NI) is a US-regulated utility holding company that delivers natural gas and electric services to millions of customers across several Midwestern and Northeastern states. Its business is largely rate-regulated, meaning revenues and returns are shaped by state utility commissions rather than commodity markets. That regulatory framework tends to produce relatively stable cash flows and supports a history of dividend payments, but it also exposes the company to political and regulatory risk. Key drivers include customer demand, population and economic trends in its service territories, weather patterns and ongoing capital expenditure on pipeline and grid infrastructure to maintain reliability and safety. Investors should weigh the appeal of steady income and defensive characteristics against risks such as regulatory decisions, infrastructure cost overruns and changing energy policy. This summary is educational only and not personalised investment advice; suitability depends on an individual’s goals, time horizon and risk tolerance.