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NiSource Announces Strategic Energy Infrastructure Agreements to Enhance Customer Value and Economic Growth in Indiana
MERRILLVILLE, Ind., April 16, 2026--NiSource Inc. (NYSE: NI) announced today a new long‑term energy agreement with a subsidiary of Alphabet Inc. (Alphabet) that will support the development and operation of a large‑scale data center in northern Indiana while providing meaningful benefits to existing customers and local communities.
About this update from Nisource Inc
MERRILLVILLE, Ind., April 16, 2026--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) announced today a new long‑term energy agreement with a subsidiary of Alphabet Inc. (Alphabet) that will support the development and operation of a large‑scale data center in northern Indiana while providing meaningful benefits to existing customers and local communities. This marks the second major agreement to leverage NiSource’s innovative solution, NIPSCO Generation LLC (GenCo), which is designed to deliver value to existing system customers while attracting significant economic development to Indiana. (Learn more at www.nipscogenco.com.) "Our strategy is centered on protecting our customers from cost increases associated with these projects while supporting responsible growth in Indiana," said NiSource President and CEO Lloyd Yates. "Our broadened collaboration with our technology partners reflects our dedication to delivering reliable energy solutions without compromising customer value." Under the contract, service for Alphabet is expected to begin summer 2026. Capacity and energy will be supplied utilizing a GenCo-owned pooled portfolio of electric generation assets for large-load customers and securing market capacity purchases. These assets will upgrade NIPSCO’s electric transmission system, improving grid reliability and resilience for customers and the state of Indiana. Expanded agreement with Amazon Data Services, Inc. NiSource also announced today an expanded agreement with Amazon Data Services, Inc. (Amazon). Under the updated agreement, NiSource is accelerating the energization of Amazon sites and associated credits for residential customers. Residents will see the benefits of cost savings and site activation sooner, enabling them to take advantage of improved energy service and bill credits as part of NiSource’s commitment to delivering value through the GenCo model. GenCo model enhances customer value The GenCo model is structured to help ensure existing customers benefit directly from the addition of new large electric load, with aggregate cost savings now expected to reach approximately $1.25 billion for existing customers, which is approximately $90-$115 annually for residential customers. Furthermore, NiSource will make additional contributions to support local communities hosting generation and data center development through a customer...