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NiSource

NiSource
Public
Traded as NYSE: NI
S&P 500 Component
Dow Jones Utility Average 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)
Number of 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, West Virginia) (acquired in 2000[1])
  • 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.[2]

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.[3]
In May 2014, NiSource was accused of withdrawing an offer of employment to a new hire because the candidate had not received a high school diploma nor a GED. He was instead homeschooled through high school. In response to criticism, NiSource stated: "To be clear, NiSource is happy to hire qualified home-schooled candidates as part of our team. In fact, among our 8,000+ current employees, we are proud to have colleagues and coworkers who were home-schooled or received other non-traditional educations. We value them as strong, skilled contributors to our organization. To state our position otherwise is factually inaccurate and misleading. "[4]

References

  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".  
  4. ^ "Ohio Man Says Job Offer Was Rescinded Because He Was Home-Schooled". The Blaze. Retrieved 5 May 2014. 

External links

  • NiSource homepage


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