NiSource (NYSE: NI) has signed a 20-year agreement with Microsoft (NASDAQ: MSFT) to supply about 1,100 MW of generation to a data centre campus in northwest Indiana, with service expected to start in 2028. Microsoft will fund all generation and transmission infrastructure through NiSource's subsidiary GenCo, structured so these costs are not passed on to existing NIPSCO customers. NiSource raised its projected customer savings from its data centre contracts to about $1.75 billion, up from $1.4 billion, and said savings could reach as much as $140 per existing customer annually, though these are projections, not guaranteed reductions. Separately, GenCo has contracted 600 MW of battery storage under a long-term tolling agreement with an affiliate of AGP Group. NiSource has not disclosed total capital expenditure, the storage duration, construction timing, or the agreement's financial contribution to earnings, and says more details will come with its third-quarter earnings call.
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MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/15/2026 | 539.44 |
| Change that session | +1.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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