A Blackstone subsidiary is free to acquire an almost 20% stake in Northern Indiana Public Service Co. after FERC’s consent.

Blackstone will pick up a nearly 20% stake in Northern Indiana Public Service Co. for a little more than $2 billion, parent NiSource announced Tuesday.

NiSource intends to sell up to a nearly 20% stake in its subsidiary NIPSCO to cover the costs of grid modernization and a bigger push to net-zero emissions.

ERCOT has selected Pablo Vegas, a senior executive with Indiana-based utility NiSource, as its next CEO, replacing interim CEO Brad Jones.

NiSource will postpone retirement of an Indiana coal plant because of the Commerce Dept.'s probe into tariff evasion by Chinese importers of solar components.

NiSource lost money last quarter as the company continues to face costs stemming from a string of gas pipeline explosions in three Massachusetts cities.

NiSource reported second-quarter earnings of $23.2 million, compared to a net loss of $44.4 million for the same period a year ago.

NiSource is seeking rate hikes across multiple states to cover hefty infrastructure investments after a 13% increase in Q1 2018 earnings.

NiSource lost $52.4 million during Q4 due to one-time charges related to recent federal tax cuts, but the company focused on its adjusted earnings and growing customer base.

NiSource lost $44.3 million ($0.14/share) in the second quarter, with company officials pinning the sagging earnings on an expensive debt-related charge.