NYSE:NIIntegrated Utilities
What NiSource (NI)'s Amazon-Backed Data Center Power Deal Means For Shareholders
NiSource recently announced that the Indiana Utility Regulatory Commission approved key agreements underpinning its partnership with Amazon to supply new data centers in northern Indiana, including a special contract, power purchase agreement and new gas and battery generation resources.
The structure requires data center customers to fund the necessary generation and transmission build-out, with NiSource expecting approximately US$1.40 billion in savings for existing customers and faster...