NiSource sees $40 billion in capex through 2033; shares rise
NI•NiSource extended its capital plan through 2033 and expects $40 billion in capital expenditures over seven years, including $8 billion for data center investments from 2027 to 2033. It reported third-quarter adjusted earnings of 27 cents per share, above analysts’ 23-cent estimate.
1. Capital plan extended
NiSource extended its capital plan through 2033, with $40 billion in capital expenditures planned over the seven-year period. The plan includes $8 billion for data center investments from 2027 through 2033.
2. Quarterly results and savings
The company reported third-quarter adjusted profit of 27 cents per share, beating analysts’ expectations of 23 cents per share. NiSource also said it will deliver $57.5 million in savings to existing electric customers generated through data center development.
