NiSource continues to advance its energy transition strategy, primarily through the continuation and enhancement of existing programs, such as retiring and replacing remaining coal-fired electric generation by 2028 with a balanced mix of low- or zero-emission electric generation.

NiSource's goal is to develop strategies that benefit all stakeholders as they focus on long-term infrastructure investment and safety programs to better serve their customers, align their tariff structures with their cost structure, and address changing customer energy demand.

NiSource is evaluating the potential for data center development in their service territory and will move as quickly as possible while maintaining the integrity of their commercial, planning, regulatory, procurement and operational execution processes.

NiSource's enterprise-wide transformation roadmap focuses on operational excellence, safety, operation and maintenance management, and unlocking efficiencies. They are committed to identifying and implementing initiatives that will enable them to streamline work and improve logistics company-wide.

NiSource is faced with increased competition for employee and contractor talent in the current labor market which has resulted in increased costs to attract and retain talent. They are ensuring that they use all internal human capital programs to promote retention of their current employees along with having a competitive and attractive employee value proposition for potential recruits.

NiSource continues to monitor risks related to increasing order and delivery lead times for construction and other materials, potential unavailability of materials due to global shortages in raw materials, and decreased construction labor productivity in the event of disruptions in the availability of materials.

Increased frequency of severe and extreme weather events associated with climate change could materially impact NiSource's facilities, energy sales, and results of operations. They perform ongoing assessments of physical risk, including physical climate risk, to their business.

NiSource actively engages with and monitor the impact that proposed legislative and regulatory programs related to GHG emissions, at both the federal and state levels, would have on their business.

NiSource continues to monitor risks related to increasing order and delivery lead times for construction and other materials, potential unavailability of materials due to global shortages in raw materials, and decreased construction labor productivity in the event of disruptions in the availability of materials.

NiSource is evaluating the potential for data center development in their service territory and will move as quickly as possible while maintaining the integrity of their commercial, planning, regulatory, procurement and operational execution processes.

Columbia of Ohio has adopted a straight fixed variable rate design for residential customers that closely links the recovery of fixed costs with fixed charges.

NIPSCO continues to work with the EPA to obtain an administrative approval associated with the operation of R.M. Schahfer's remaining two coal units until 2025. In the event that the approval is not obtained, future operations could be impacted.

NiSource's enterprise-wide transformation roadmap focuses on operational excellence, safety, operation and maintenance management, and unlocking efficiencies. They are committed to identifying and implementing initiatives that will enable them to streamline work and improve logistics company-wide.

NiSource is making progress towards their transformation goals with a successful completion of the first phase of their WAM program, an enterprise resource planning system that will optimize the scheduling, dispatch, and execution of their field operations.

In the first half of 2024, Sugar Creek completed an Advanced Gas Path Tech upgrade that enhanced its overall production capabilities by an estimated 68 MW.

NiSource is making progress towards their transformation goals with a successful completion of the first phase of their WAM program, an enterprise resource planning system that will optimize the scheduling, dispatch, and execution of their field operations.

NiSource is in the process of upgrading and modernizing their electric system to enhance safety and reliability by addressing aged infrastructure and deploying advanced grid technologies.

NiSource continues to enhance safety and reduce methane emissions on their gas systems through modernization programs and utilization of advanced leak detection and repair.

NiSource expects to invest approximately $16.4 billion during the 2024-2028 period, including capital investments to support their generation transition strategy.

On February 22, 2024, NiSource entered into an ATM equity program that provides an opportunity to issue and sell shares of their common stock up to an aggregate issuance of $900.0 million through December 31, 2025.

On March 14, 2024 NiSource completed the issuance and sale of $650.0 million of 5.35% senior unsecured notes maturing in 2034, which resulted in approximately $642.6 million of net proceeds after discount and debt issuance costs.

In November 2022, NiSource announced a goal of net zero greenhouse gas emissions by 2040 covering both Scope 1 and Scope 2 GHG emissions.

Carbon offsets and renewable energy credits may also be used to support achievement of NiSource's Net Zero Goal.

NIPSCO Gas, Columbia of Maryland, Columbia of Pennsylvania, Columbia of Virginia and Columbia of Kentucky have each filed petitions to implement the Green Path Rider, which is a voluntary rider allowing customers to opt in and offset either 50% or 100% of their natural gas related emissions.

NiSource has seen an acceleration of customer interest in their northern Indiana service territory in the form of data center development. They believe data center development can enhance their local tax base, diversify the employment base across the state of Indiana, and provide greater value to existing customers and shareholders.

NiSource also continues to monitor the implementation of any final and proposed state policy. The Virginia Energy Innovation Act, enacted into law in April 2022, and effective July 1, 2022, allows natural gas utilities to supply alternative forms of gas that meet certain standards and reduce emissions intensity.

In May 2024, the EPA published final greenhouse gas standards and guidelines for fossil fuel-fired power plants. The rules are not expected to impact NIPSCO's existing electric generation, but, depending on the outcome of ongoing litigation, may impose certain operational limitations on other existing and new electric generation.