NiSource reported third-quarter 2026 adjusted EPS of $0.27, up from $0.19 a year earlier, and narrowed its full-year 2026 outlook to the upper half of the $2.02–$2.07 range. It issued 2027 adjusted EPS guidance of $2.22–$2.30 and expanded its seven-year capital plan to $40 billion, including about $8 billion for GenCo projects serving data-center customers. The company expects adjusted EPS to grow 10%–11% annually from 2027 through 2033. NiSource signed a 20-year electricity agreement with Microsoft starting in 2028, adding roughly 1,100 megawatts of generation and battery capacity, subject to regulatory approval.
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NiSource (NYSE: NI) announced a new long-term energy agreement with Microsoft for its northwest Indiana campus, under which new large-load customers are served through NiSource Generation Company LLC (GenCo) in a way designed to shield existing NIPSCO electric customers from incremental costs. The deal builds on previously disclosed expected customer savings of $1.4 billion over the life of data center contracts, raising total expected NIPSCO electric customer savings to approximately $1.75 billion, or as much as $140 per customer annually. Microsoft is expected to begin taking electric service under a 20-year term starting in 2028 and will fully fund the generation and transmission it requires, while the GenCo-owned pool portfolio will grow by about 1,100 MW. GenCo has also contracted 600 MW of battery storage under a long-term tolling agreement, and CEO Lloyd Yates said affordability is not separate from economic development. Further operational and financial details will be shared on the company's third-quarter earnings call.
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