Slide 1: Investor Update
NISOURCE Investor Update October 12, 2018 NiSource | NYSE: NI | nisource.com |
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws. Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of
Slide 3: Restoration Snapshot
RESTORATION SNAPSHOT • Because safety is our top priority, following the incident on September 13, 2018, we took immediate steps in Massachusetts and across our system to suspend similar work and enhance procedures. We saw these as reasonable steps to take in the aftermath of the incident and while
Slide 4: Timeline of Events
TIMELINE OF EVENTS • September 13 (~4pm): The incident occurs, impacting the Greater Lawrence area • September 16 (~8am): All impacted premises (~8,600) are safely cleared of gas and people are allowed to return home • September 16: Columbia Gas commits to completely replacing the impacted natural g
Slide 5: Our Customer Commitment
OUR CUSTOMER COMMITMENT We remain focused on three key areas: Taking Care of People: We continue to work with state and local leaders and a broad network of community partners to meet the needs of the people affected and to keep them fully informed as the recovery effort moves forward. Ensuring Safe
Slide 6: Our Customer Commitment
OUR CUSTOMER COMMITMENT Key elements to customer commitments and replacement plan include: • Progressive restoration of gas service with completion targeted for November 19 • Ongoing information and updates being provided to customers and other stakeholders • Customer and Community Support o Mobile
Slide 7: Progress to Gas Service Restoration
PROGRESS TO GAS SERVICE RESTORATION • Making Homes and Businesses ‘Gas Ready’: Replacement of the distribution system with state-of-the-art plastic mains and service lines that include modern safety features such as pressure regulation and excess flow valves at each premise. Progress as of October 1
Slide 8: Financial Implications
FINANCIAL IMPLICATIONS Capital Expenditures • ‘Gas Ready’ Restoration – accelerated infrastructure modernization investment to replace impacted distribution system Additional Incident Costs* • Third Party Claims – including emergency response, personal injury, property/infrastructure damage claims (
Slide 9: NiSource Business Update
NISOURCE BUSINESS UPDATE NiSource scheduled to release 3Q earnings and provide a 2018 financial outlook on November 1, 2018 • Gas Distribution o Columbia Gas of Virginia filed a base rate case on 8/28/2018 o Columbia Gas of Pennsylvania filed a base rate case settlement on 8/31/2018 o Columbia Gas o