NiSource (NYSE:NI) has signed a new long-term energy supply agreement with Microsoft for data center infrastructure in northwest Indiana. The deal includes grid infrastructure upgrades and expanded battery storage capacity linked to Microsoft's planned regional data campus. Management highlights expected customer savings and reliability improvements as the new assets are integrated into NiSource's Indiana network. The article notes that NiSource is a US regulated gas and electric utility with a US$20.9b market value, and that a larger GenCo buildout funded by tech clients could increase its reliance on constructive regulators and on managing leverage, interest coverage and equity issuance.
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