NiSource said on September 18, 2025 that its subsidiary NIPSCO entered into an agreement with a large, investment-grade customer to provide electric service to the customer's data centers pursuant to a capacity commitment beginning in 2027 and increasing annually through 2032.

8-KRegulation FD DisclosureFiled Sep 22, 2025Period of report Sep 22, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

NiSource said on September 18, 2025 that its subsidiary NIPSCO entered into an agreement with a large, investment-grade customer to provide electric service to the customer's data centers pursuant to a capacity commitment beginning in 2027 and increasing annually through 2032.
The company said the contract will be submitted to the Indiana Utility Regulatory Commission for approval, which will include a mechanism to flow savings back to retail customers for use of the existing system beginning in 2027.
NiSource said that to meet demand under the contract, its subsidiary NIPSCO Generation LLC expects to construct new dispatchable generation and has entered into engineering, procurement, and construction contracts and equipment supply contracts with respect thereto.
The company said it expects to finance the project through a combination of debt and equity financing, which may include minority equity investments in subsidiaries. It added that it will provide additional information regarding the contract, including updating its financial plan to incorporate the financial ramifications of the contract, in connection with its earnings conference call for the quarter ended September 30, 2025 and its Quarterly Report on Form 10-Q for such quarter.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Data Center Power Supply Agreement Entered Into

NiSource said on September 18, 2025 that its subsidiary NIPSCO entered into an agreement with a large, investment-grade customer to provide electric service to the customer's data centers pursuant to a capacity commitment beginning in 2027 and increasing annually through 2032.

Source · Based on the filing body and exhibits

IURC Approval Process and Existing System Savings Flow-Back to Retail Customers

The company said the contract will be submitted to the Indiana Utility Regulatory Commission for approval, which will include a mechanism to flow savings back to retail customers for use of the existing system beginning in 2027.

Source · Based on the filing body and exhibits

New Dispatchable Generation Construction Contracts

NiSource said that to meet demand under the contract, its subsidiary NIPSCO Generation LLC expects to construct new dispatchable generation and has entered into engineering, procurement, and construction contracts and equipment supply contracts with respect thereto.

Source · Based on the filing body and exhibits

Financing Method and Additional Disclosure Planned

The company said it expects to finance the project through a combination of debt and equity financing, which may include minority equity investments in subsidiaries. It added that it will provide additional information regarding the contract, including updating its financial plan to incorporate the financial ramifications of the contract, in connection with its earnings conference call for the quarter ended September 30, 2025 and its Quarterly Report on Form 10-Q for such quarter.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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