All 2002 Releases
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NiSource Nets $734.9 Million From Equity Offering
Nov 27, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE:NI) today announced it has generated proceeds of approximately $734.9 million from the sale of 41,400,000 shares of common stock at a public offering price of $18.30 per share.
Included in this total are 36,000,000 shares of NiSource common stock that were sold through the public offering that cl...
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NiSource Announces Equity Offering and 2003 Earnings Outlook
Nov 5, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE:NI) today announced that it is offering
30 million shares of new common stock in an underwritten offering commencing tomorrow that would amount to approximately $500 million in gross proceeds.
The net proceeds from the offering will be used for the repayment of debt.
NiSource also toda...
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NiSource Reports Higher Earnings
Oct 28, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE:NI) today reported net income for the third quarter of 2002 of $23.2 million, or 11 cents per share (all per share amounts are basic), versus a net loss of $21.0 million, or a loss of 10 cents per share, in the third quarter of 2001. For the nine months ended Sept. 30, 2002, NiSource reported net income of ...
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NiSource Announces E&P Assets for Sale
Oct 11, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE:NI) today announced its intention to sell Columbia Energy Resources, Inc., and its affiliates, including Columbia Natural Resources, Inc.(CNR), its natural gas exploration and production business.
The decision to sell the exploration and production businesses is part of NiSource’s business strat...
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NiSource Streamlines Organization
Aug 29, 2002
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Merrillville, Ind.- NiSource Inc. (NYSE: NI) today announced actions to delayer its organization structure. This streamlining will move executive management closer to customers and promote efficiency while lowering costs in response to a rapidly changing energy industry.
Four executives are retiring or leaving the organization by early 2003. ...
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Northern Indiana Public Service Company Declares Preferred Dividends
Aug 27, 2002
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MERRILLVILLE, Ind. – The directors of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), today declared dividends on the following preferred stocks: $1.0625 a share on 4-1/4 percent Cumulative Preferred Stock; $1.13 a share on 4-1/2 percent Cumulative Preferred Stock; $1.06 a share on 4.22 percent Cumulativ...
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NiSource Declares Quarterly Common Dividend
Aug 27, 2002
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MERRILLVILLE, Ind. -- The Board of Directors of NiSource Inc. (NYSE: NI) today declared a quarterly common dividend payment of 29 cents per share, equivalent to $1.16 on an annual basis. The dividend is payable Nov. 20, 2002, to shareholders of record at the close of business Oct. 31, 2002.
NiSource Inc. is a holding company with headquarter...
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NiSource names Samuel W. Miller as COO
Aug 27, 2002
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MERRILLVILLE, Ind. – Samuel W. Miller, a former Accenture partner with extensive experience in redesigning, implementing and managing business operations, has been named Executive Vice President and Chief Operating Officer of NiSource Inc. (NYSE: NI).
NiSource’s Board of Directors elected Miller at a meeting today. His appointment is effectiv...
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NiSource Reports Higher Earnings
Jul 30, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE:NI) today reported net income for the second quarter of 2002 of $25.0 million, or 12 cents per share (all per share amounts are basic), versus a net loss of $11.6 million, or a loss of 6 cents per share, in the second quarter of 2001. For the six months ended June 30, 2002, NiSource reported net income of $...
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NiSource and Aquila to Reassess Marketing Alliance
Jun 18, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE: NI) today announced that it is reassessing its energy marketing and trading alliance with Aquila Inc.’s energy trading and risk management unit following Aquila’s announcement yesterday that it intends to reduce its exposure to its wholesale energy services business.Following discussions with Aquil...
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Northern Indiana Public Service Company Declares Preferred Dividends
May 31, 2002
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MERRILLVILLE, Ind. – The directors of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), today declared dividends on the following preferred stocks: $1.0625 a share on 4-1/4 percent Cumulative Preferred Stock; $1.12 a share on 4-1/2 percent Cumulative Preferred Stock; $1.05 a share on 4.22 percent Cumulativ...
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NiSource Declares Quarterly Common Dividend
May 21, 2002
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MERRILLVILLE, Ind. -- The Board of Directors of NiSource Inc. (NYSE: NI) today declared at NiSource’s 2002 annual meeting a quarterly common dividend payment of 29 cents per share, equivalent to $1.16 on an annual basis. The dividend is payable August 20, 2002, to shareholders of record at the close of business July 31, 2002.
NiSource In...
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NiSource Names Deloitte & Touche As Independent Accountants
May 21, 2002
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MERRILLVILLE, Ind. – NiSource Inc. (NYSE: NI) today announced that its board of directors has selected Deloitte & Touche as its independent public accountant for fiscal year 2002. Deloitte & Touche replaces Arthur Andersen LLP.
In making the announcement, NiSource Chairman, President and Chief Executive Officer Gary L. Neale said NiSource...
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NiSource Completes Sale of Indianapolis Water Company
Apr 30, 2002
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INDIANAPOLIS and MERRILLVILLE, Ind. -- The City of Indianapolis and NiSource Inc. (NYSE: NI) announced today that they have closed the previously announced sale of the Indianapolis Water Company and other assets of NiSource's IWC Resources (IWCR) Corporation and its subsidiaries for $540 million. This includes the assumption of approximately $160 m...
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NiSource Reports Higher Earnings
Apr 23, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE:NI) today reported earnings of $242.2 million or $1.18 per share (all per share amounts are basic) for the three months ended March 31, 2002 compared to earnings of $181.9 million or 88 cents per share for the same period in 2001.
The first-quarter results reflected a significant reduction of nea...
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NiSource To Announce First-Quarter Earnings April 23
Apr 18, 2002
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MERRILLVILLE, Ind. -- NiSource Inc. (NYSE: NI) today announced that it will release first-quarter 2002 earnings results on Tuesday, April 23, 2002, prior to the opening of financial markets.The company will not hold a conference call in conjunction with its earnings announcement.NiSource Inc. (NYSE: NI) is a holding company with hea...
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NiSource Declares Quarterly Common Dividend
Mar 27, 2002
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MERRILLVILLE, Ind. -- The Board of Directors of NiSource Inc. (NYSE: NI) today declared a quarterly common dividend payment of 29 cents per share, equivalent to $1.16 on an annual basis. The dividend is payable May 20, 2002, to shareholders of record at the close of business April 30, 2002.
NiSource Inc. (NYSE: NI) is a holding company wit...
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NiSource Obtains $500 Million Credit Facility
Mar 22, 2002
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MERRILLVILLE, Ind. – NiSource Inc. (NYSE: NI) today announced it has obtained a new $500 million 364-day revolving credit agreement with a syndicate of banks led by Barclays Capital for future working capital requirements and other corporate purposes.
The new credit facility replaces an expiring $1.25 billion 364-day credit facility and co...
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Northern Indiana Public Service Company Declares Preferred Dividends
Feb 20, 2002
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MERRILLVILLE, Ind. – Directors of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), declared dividends on the following preferred stocks: $1.0625 a share on 4-1/4 percent Cumulative Preferred Stock; $1.13 a share on 4-1/2 percent Cumulative Preferred Stock; $1.06 a share on 4.22 percent Cumulative Preferre...
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NiSource Reports Earnings [pdf]
Jan 30, 2002
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