NiSource secures 20-year power supply agreement with Microsoft
NI•NiSource signed a 20-year energy agreement with Microsoft for its northwest Indiana campus, with service expected to start in 2028. The agreement adds about 1,100 MW to GenCo’s generation portfolio and raises expected NIPSCO customer savings over data center contracts’ lifetimes to about $1.75 billion.
1. Agreement details
NiSource entered a 20-year energy agreement with Microsoft for its northwest Indiana campus, with service expected to start in 2028. GenCo’s generation portfolio will expand by approximately 1,100 MW, and Microsoft will fully fund the generation and transmission needed to serve its load.
2. Customer savings and storage
The agreement increases expected NIPSCO electric customer savings over the lifetimes of data center contracts to approximately $1.75 billion from $1.4 billion. The savings equate to as much as $140 per customer annually, and existing customers will be protected from the costs of serving the data center. GenCo also contracted 600 MW of battery storage under a long-term tolling agreement for its portfolio serving multiple large-load customers.
