Costly Quarter as NiSource Secures Amazon and Alphabet Data Center Contracts
NiSource’s growth is shifting toward data centers as Indiana regulators approved its Amazon special contract and power purchase agreement, followed by an Alphabet partnership, with data-center load ramping to full capacity by 2030. The deals are projected to cut NIPSCO electric customers’ bills by about $1.4B over the contract lives. Despite a costly quarter, EPS guidance holds as storm-driven O&M costs and active union talks raise expenses.