NiSource (NI) reported strong Q4 and full-year 2025 results, reaffirming 2026 EPS guidance and unveiling a $28 billion 2026-2030 investment plan heavily focused on utility modernization and data center infrastructure. The company also secured a long-term agreement to supply Amazon’s data centers with up to 2,400 MW of power by 2032, a deal expected to return about $1 billion to Indiana customers over fifteen years while supporting large-scale grid upgrades. This strategic move reinforces NiSource’s growth catalysts but also highlights the challenge of funding these projects without balance sheet strain or relying on consistent regulatory support.
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NiSource (NI) Is Up 5.1% After Amazon Power Deal And $28 Billion Grid Plan - Has The Bull Case Changed?
NiSource (NI) reported strong Q4 and full-year 2025 results, reaffirming 2026 EPS guidance and unveiling a $28 billion 2026-2030 investment plan heavily focused on utility modernization and data center infrastructure. The company also secured a long-term agreement to supply Amazon’s data centers with up to 2,400 MW of power by 2032, a deal expected to return about $1 billion to Indiana customers over fifteen years while supporting large-scale grid upgrades. This strategic move reinforces NiSource’s growth catalysts but also highlights the challenge of funding these projects without balance sheet strain or relying on consistent regulatory support.