The company invested $1.5 billion in infrastructure modernization to enhance safe, reliable service. This demonstrates a commitment to long-term growth and service improvement.

The company is advancing its energy transition strategy, including placing one solar and battery project into service and receiving approval of a new gas peaking facility. This shows a commitment to cleaner energy sources.

The company is evaluating the potential for data center development in its service territories, including ways to effectively manage power demand and generation sources. This indicates a forward-looking strategy to capitalize on new growth opportunities.

The company successfully maintained its certification of conformance for API 1173 and achieved LRQA's ISO 50001 certification. This demonstrates effective management of safety and operational excellence.

The company achieved the first major milestone in its Transformation roadmap and continues to increase the efficiency of its operating companies. This indicates successful management of operational improvements.

The company received orders for three rate cases and anticipates resolutions for other rate cases in 2025, supporting all stakeholders. This demonstrates effective management of regulatory relationships.

The company acknowledges that data center growth in its service territories presents significant financial, operational, and regulatory risks that must be effectively managed. This highlights a potential area of concern for investors.

The company is monitoring risks related to increasing delivery lead times, unavailability of materials, and decreased construction labor productivity. These issues could increase project costs and delay completion.

The company acknowledges that it experiences ongoing, often sophisticated, cyber-attacks or security breaches. This highlights the importance of cybersecurity and the potential for disruptions and costs.

The company competes with investor-owned, municipal, and cooperative electric utilities, other regulated and unregulated natural gas pipelines, and other alternate fuels. This indicates a competitive market environment.

The company's LDC customers can purchase gas directly from producers and marketers in an open, competitive market. This impacts revenue and market share dynamics.

NIPSCO Electric utility generally has exclusive service areas under Indiana regulations, providing some protection from direct competition. This is a competitive advantage.

Between Columbia and NIPSCO Operating Segments, the company added 21,000 customers. This indicates operational effectiveness in expanding their customer base.

The company invested in infrastructure modernization, including replacement of distribution main and service lines, underground cable, and electric poles. This improves service reliability and efficiency.

The company is making progress towards its transformation goals with the WAM program, an enterprise resource planning system that will optimize the scheduling, dispatch, and execution of field operations. This will enhance operational efficiency.

The company plans to continue the deployment of advanced leak-detection technologies. This shows a commitment to technological innovation for safety and efficiency.

The company plans to advance other low- or zero-emission energy resources and technologies, which may include hydrogen, renewable natural gas, long-duration storage, and/or deployment of carbon capture and utilization technologies. This indicates a focus on innovation.

NiSource has implemented and maintains a comprehensive cybersecurity program that includes a variety of security controls and measures designed to identify, assess, and manage material cybersecurity risks. This is critical for protecting technological assets.

The company's capital expenditures are focused on infrastructure modernization and energy transition. This indicates a strategic allocation of capital to support long-term growth and sustainability.

The company applied proceeds from the NIPSCO Minority Interest Transaction to repay term credit agreements. It also completed several issuances and sales of debt, indicating active management of capital structure.

The company has an ATM equity program that provides an opportunity to issue and sell shares of common stock, providing flexibility in managing capital needs.

The company has a goal of net zero greenhouse gas emissions by 2040, covering both Scope 1 and Scope 2 GHG emissions. This demonstrates a strong commitment to environmental sustainability.

The company has aligned its human capital goals to achieve overall company strategic and operational objectives by driving an enhanced talent strategy and embedding inclusion throughout the enterprise. This shows a commitment to social responsibility.

The company implements a Safety Management System to identify and reduce risks and ensure consistent safety processes, procedures and operations across the organization. This indicates a strong focus on safety and risk management.

Fluctuations in weather, gas and electricity commodity costs, and economic conditions impact customer demand. This indicates sensitivity to external economic factors.

The regulatory landscape, at both the state and federal levels, continues to evolve, impacting the operations and financial results of our operating companies. This highlights the importance of regulatory relationships.

Increased frequency of severe and extreme weather events associated with climate change could materially impact our facilities, energy sales, and results of operations. This underscores the importance of climate change mitigation and adaptation efforts.