NiSource subsidiary NIPSCO signs data center power agreement; capacity starts 2027

NISOURCE INC.

NIPSCO agreed to provide electric service to a large, investment-grade customer's data centers under a capacity commitment beginning 2027 and increasing through 2032.
Contract requires IURC approval; includes mechanism to flow savings back to retail customers starting 2027.
NIPSCO Generation will construct new dispatchable generation; EPC and equipment contracts already entered.
Financing expected through debt, equity, and potential minority equity investments; financial plan update in Q3 2025 earnings.
No specific financial terms or capacity amounts disclosed in the filing.

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