All 2000 Releases
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NiSource Announces Equity Offering of 10 Million Shares
Nov 20, 2000
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MERRILLVILLE, Ind. (November 20, 2000) - NiSource Inc. (NYSE: NI) has announced that it is selling 10 million shares of new common stock in an underwritten offering commencing today. The offering is expected to be priced the week of Nov. 27. The proceeds will be used to complete the permanent funding for the acquisition of Columbia Ene...
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NiSource Announces Revised Columbia Energy Group Stock Proration
Nov 7, 2000
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MERRILLVILLE, Ind. (November 7, 2000)-NiSource Inc. (NYSE: NI) today revised the proration factor for the NiSource and Columbia merger, which closed on Nov. 1. Under the revised calculation, 38.944476 percent of those Columbia shares for which valid stock elections were made, rounded down to the nearest whole share, will be converted i...
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NiSource to Place Notes to Reduce Short-Term Borrowings for Merger
Nov 3, 2000
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MERRILLVILLE, Ind. (November 3, 2000) - NiSource Inc. (NYSE: NI) today announced that its NiSource Finance Corp. subsidiary is pursuing through a private placement the issuance of $2 billion of senior unsecured notes. Proceeds from the offering will be used to reduce short-term borrowings incurred in connection with NiSource's acquisition of Col...
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NiSource Announces Columbia Energy Group Stock Proration
Nov 2, 2000
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MERRILLVILLE, Ind. (November 2, 2000)-NiSource Inc. (NYSE: NI) today reported that more than 77 percent of Columbia Energy Group shares elected to receive NiSource common stock in the NiSource and Columbia merger, which closed on Nov. 1. Under the merger agreement, Columbia shareholders had the right to elect to receive NiSource stock ...
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NiSource and Columbia Energy Group Complete Merger;
Nov 1, 2000
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MERRILLVILLE, Ind. (November 1, 2000)-NiSource Inc. completed its merger with Columbia Energy Group today, just eight months after announcing the $6 billion transaction to create a super-regional energy powerhouse stretching from the Gulf of Mexico to Chicago and New England. The combined company will continue trading under the symbol "NI" on th...
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NiSource Raises Columbia Stock Election Estimate to Approximately 77 Percent
Oct 31, 2000
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MERRILLVILLE, Ind. (October 31, 2000)-NiSource Inc. (NYSE: NI) today revised its estimate of the number of Columbia Energy Group shares electing to receive NiSource stock upward to approximately 77 percent from its preliminary estimate of 60 percent reported October 30.Under the merger agreement, Columbia shareholders had the right to ele...
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SEC Approves NiSource and Columbia Energy Group Merger; Transaction Closing Set for Nov. 1
Oct 31, 2000
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MERRILLVILLE, Ind. and HERNDON, Va. (October 30, 2000)-NiSource Inc. and Columbia Energy Group today received U.S. Securities and Exchange Commission approval to complete their merger. The companies will close the transaction on Nov. 1, with the combined company continuing to trade as NiSource (NYSE: NI) on the New York Stock Exchange. Columbia ...
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NiSource Reports Third Quarter Earnings
Oct 30, 2000
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MERRILLVILLE, Ind. (October 30, 2000)-NiSource Inc. (NYSE:NI) today reported basic earnings per common share of $1.27 for the nine months ended September 30, 2000, a 25 percent increase when compared with $1.02 per share for the same period a year ago. The nine-month results were favorably impacted by the sale of Market Hub Partners, during the ...
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NiSource/Columbia Energy Group Merger Targeted for Completion November 1; CEG Shareholders Must Make Election of Stock By October 30
Oct 13, 2000
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MERRILLVILLE, Ind., and HERNDON, Va. (October 13, 2000)-NiSource Inc. and Columbia Energy Group today announced that a November 1, 2000 effective date is planned for the merger between NiSource Inc. and Columbia Energy Group. As a result, October 30, 2000 has been established as the deadline for Columbia shareholders to elect to receive New NiSo...
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NiSource Inc. Announces Post-Merger Staffing Plan; Transition Process Begins Dec. 1
Oct 12, 2000
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MERRILLVILLE, Ind. (October 12, 2000)-NiSource Inc. today announced a plan designed to increase efficiencies and eliminate redundancies following its merger with Columbia Energy Group. As part of that plan, employees have been notified that approximately 800 positions or five percent of the current combined workforce will be eliminated beginning...
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NiSource Subsidiary Honored by State Environmental Agency Primary Energy Named for Excellence in Pollution Prevention
Sep 21, 2000
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MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NI) subsidiary Primary Energy, Inc. has been chosen to receive a Governor's Award for Excellence in Pollution Prevention. The Indiana Department of Environmental Management (IDEM) made presentations to the award recipients during ceremonies in Indianapolis, Ind., Sept.20. Primary Energy, which ...
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NiSource/Columbia Energy Group Offer CEG Shareholders Election of Stock
Sep 12, 2000
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MERRILLVILLE, Ind., and HERNDON, Va. (September 12, 2000)-NiSource Inc. and Columbia Energy Group today announced that Columbia shareholders are being asked to elect whether they want to receive stock of the New NiSource Inc. in exchange for their Columbia shares under the terms of the merger with NiSource. In a package mailed to Colum...
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Duke Energy Gas Transmission Announces Purchase of MHP Gas Storage From NiSource
Aug 30, 2000
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HOUSTON and MERRILLVILLE, IND.- Duke Energy Gas Transmission Corporation (DEGT) announced today that it has entered into a definitive agreement to purchase the natural gas salt cavern storage business commonly known as Market Hub Partners (MHP) from subsidiaries of NiSource Inc., for $250 million in cash plus the assumption of $150 million in de...
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NiSource Reports Higher Earnings Despite Mild Weather
Jul 28, 2000
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MERRILLVILLE, Ind. (July 28, 2000)-NiSource Inc. (NYSE:NI) today reported basic earnings per common share of 84 cents for the six months ended June 30, 2000, a 5 percent increase from the same period a year ago, despite a warmer winter and cooler spring. Net income for the six-month period was $103.0 million, an increase of $3.5 million from the...
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NIPSCO Challenge Fund Promotes Environmental Stewardship
Jul 20, 2000
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MERRILLVILLE, Ind.-NiSource Inc. (NYSE: NI) subsidiary Northern Indiana Public Service Company (NIPSCO) is accepting applications for environmental restoration and enhancement projects that need financial support. NIPSCO's Environmental Challenge Fund provides funding for such projects throughout its market area. The Environmental Chal...
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NiSource-Columbia Merger Gets Final State Approval Virginia SCC Sign-Off Completes Nine Actions
Jul 17, 2000
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MERRILLVILLE, Ind., and HERNDON, Va. (July 17, 2000) -- NiSource Inc. and Columbia Energy Group today reported that the State Corporation Commission (SCC) of the Commonwealth of Virginia has approved their proposed merger, completing the last of nine necessary state actions required for the merger. Under the order issued July 14, the V...
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Pennsylvania PUC Approves NiSource-Columbia Energy Group Merger, Hart-Scott-Rodino Waiting Period Expires
Jul 13, 2000
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MERRILLVILLE, Ind., and HERNDON, Va. (July 13, 2000)-NiSource Inc. and Columbia Energy Group today reported continued progress on the completion of important state and federal reviews of their proposed merger.The Pennsylvania Public Utility Commission (PUC) today unanimously approved the merger, bringing the number of necessary state actio...
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Kentucky, Maine and Indiana Commissions Okay NiSource/Columbia Merger
Jul 6, 2000
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MERRILLVILLE, Ind., and HERNDON, Va. (July 6, 2000) - NiSource Inc. and Columbia Energy Group today said regulatory agencies in Kentucky, Maine and Indiana have completed the needed actions on the planned merger of the companies. Their actions bring the total to seven of nine states that have completed necessary actions on the merger.The ...
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NiSource's Primary Energy Ready for Expanding Markets
Jun 30, 2000
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MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NI) subsidiary Primary Energy Inc. is expanding its participation in the market for large- and medium-sized industrial energy projects. Gregory Martinsen has been named vice president, Project Development at Primary Energy. Martinsen will be promoting Primary Energy's expertise across the continental Uni...
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NiSource Applauds Columbia Energy Shareholder Vote to Merge
Jun 2, 2000
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MERRILLVILLE, Ind. (June 2, 2000)-NiSource Inc. (NYSE:NI) today applauded Columbia Energy Group (NYSE:CG) shareholders for approving the two companies' merger into the nation's largest natural gas company east of the Rockies. NiSource shareholders also overwhelmingly approved the merger at their annual meeting June"Columbia shareholders' ...
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