NiSource

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NiSource
Type Public
Traded as NYSENI
S&P 500 Component
Industry Public utility
Founded 1912
Headquarters NIPSCO regional headquarters - Merrillville, Indiana - Nisource Headquarters - Columbus, Ohio
Key people Robert C. Skaggs, Jr., CEO
Products Natural gas, electricity
Revenue 7.49 billion USD (2006)
Employees 7,439
Website www.nisource.com

NiSource, Inc., based in Columbus, Ohio, is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. NiSource operating companies deliver energy to 3.8 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England.

NiSource companies include:

  • NIPSCO, "Northern Indiana Public Service Company" (Indiana)
  • Columbia Gas of Massachusetts (Previously Bay State Gas)
  • Columbia Gas (Ohio, Kentucky, Pennsylvania, Maryland, West Virginia) (acquired in 2000[1])
  • Columbia Gas Transmission
  • Energy USA TPC
  • NiSource Gas Transmission & Storage

Criticism[edit]

In December 2011, the non-partisan organization Public Campaign criticized NiSource for spending $1.83 million on lobbying and not paying any taxes during 2008-2010, instead getting $227 million in tax rebates, despite making a profit of $1.4 billion, and increasing executive pay by 33% to $11.2 million in 2010 for its top 5 executives.[3]
In a discriminatory action, NiSource withdrew an offer of employment to a well qualified new hire because this experienced candidate had been home educated. [4]


References[edit]

  1. ^ NiSource in $6 Billion Deal To Acquire Columbia Energy
  2. ^ Unattributed (2008-05-12). "NiSource Inc.; NiSource's First Quarter 2008 Earnings in-line with Outlook". Energy Business Journal. p. 205. Retrieved 2009-08-31. 
  3. ^ Portero, Ashley. "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010". International Business Times. Archived from the original on 26 December 2011. Retrieved 26 December 2011. 
  4. ^ "Company bans homeschooled workers". WND. Retrieved 5 May 2014. 

External links[edit]