NiSource signs 20-year Microsoft power deal for Indiana campus – FINCHANNEL

vm_admin
NiSource signs 20-year Microsoft power deal for Indiana campus – FINCHANNEL

By The FINANCIAL
Publication Date: 2026-10-16 18:20:00

NiSource announced a 20-year electricity agreement with Microsoft on October 16 for the technology company’s northwest Indiana campus, with service expected to begin in 2028 and approximately 1,100 megawatts of new generation resources added to its GenCo portfolio.

The NYSE-listed utility said Microsoft would fully fund the generation and transmission infrastructure required to serve its load. NiSource’s announcement described the arrangement as part of a structure intended to shield existing Northern Indiana Public Service Company electric customers from incremental costs.

NiSource projected total savings for NIPSCO electric customers of approximately $1.75 billion over the life of its data center customer contracts, up from $1.4 billion previously disclosed. It said that could amount to as much as $140 per customer annually.

Shares rose 2.8% to $42.44 in premarket trading, Reuters reported. That report also noted the stock had fallen 1.2% from the start of the year…

Related Posts