A spokesman for Chicago-based energy company Exelon Corp. would not confirm the company’s interest in acquiring Northern Indiana Public Service Co. gas utility from NiSource Inc., but wouldn’t rule it out. Platts Energy Week reported Wednesday that Exelon CEO John Rowe told investors Dec. 14 that Exelon is considering pursuing a natural gas utility. Get the full story>>
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NiSource swings to 2Q profit
NiSource Inc. swung to a bigger-than-expected second-quarter profit amid higher volume, but the top line slid on a tumble in non-operational revenue. NiSource posted a profit of $28.1 million, or 10 cents a share, compared with a year-earlier loss of $4.8 million, or a penny a share. Revenue slid 7.7 percent to $1.17 billion as so-called “other” revenue tumbled 60 percent. Get the full story »
