NiSource rises on long-term energy agreement with Microsoft
MSFT•NiSource signed a long-term energy agreement with Microsoft for its previously announced northwest Indiana campus, increasing expected NIPSCO electric customer savings to about $1.75 billion. Microsoft is expected to begin taking service under a 20-year term in 2028.
1. Microsoft power agreement
NiSource signed a long-term energy agreement with Microsoft for its previously announced northwest Indiana campus. Microsoft is expected to begin taking electric service in 2028 under a 20-year term, and the deal increases total expected NIPSCO electric customer savings to approximately $1.75 billion.
2. Generation and storage plans
GenCo's pool portfolio will add about 1,100 megawatts, with NIPSCO and GenCo providing transmission and generation for Microsoft's data center and other customers. Separately, a NiSource subsidiary signed a deal with an AGP Group unit for a planned 600-megawatt, 2,400-megawatt-hour MISO-connected battery storage project.
