M&A
confidence high
sentiment positive
materiality 0.80
FERC approves NiSource's sale of 19.9% NIPSCO stake to Blackstone
NISOURCE INC.
- FERC granted approval for Blackstone affiliate to acquire 19.9% equity in NIPSCO Holdings II LLC.
- NiSource will retain 80.1% ownership; transaction expected to close by year-end 2023.
- NiSource CFO says deal strengthens balance sheet and supports robust capex program.
- FERC approval was the only regulatory approval required for the transaction.