NiSource
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| Type | Public |
|---|---|
| Traded as | NYSE: NI S&P 500 Component |
| Industry | Public utility |
| Founded | 1912 |
| Headquarters | Merrillville, Indiana |
| 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 Merrillville, Indiana, 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, Virginia)
- Columbia Gas Transmission
- Energy USA TPC
- NiSource Gas Transmission & Storage
- A pipeline, compression and storage network spanning three states. Major customers include Washington Gas, Columbia Gas of Virginia, the City of Charlottesville, Virginia, and Easton Utilities. Part of the gas distribution division. On January 16, 2008, the Federal Energy Regulatory Commission authorized an expansion of the network to serve markets in the Mid-Atlantic region.[1] Scheduled to be completed in the second quarter of 2009.[1]
[edit] Criticism
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.[2]
[edit] References
- ^ a b Unattributed (2008-05-12). "NiSource Inc.; NiSource's First Quarter 2008 Earnings in-line with Outlook". Energy Business Journal: p. 205. http://www.verticalnews.com/premium_newsletters/Energy-Business-Journal/2008-05-12/6086ENW.html. Retrieved 2009-08-31.
- ^ 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. http://www.webcitation.org/64D9GyQG0. Retrieved 26 December 2011.
[edit] External links
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