NI · 10-Q · 2026Q2 · Full report
Data Center Infrastructure Investment
NISOURCE INC. · 2026-08-05 · Importance 64 · Surprise 42 · In source text
NiSource estimates the aggregate cost of Contract Assets and Pool Resource Assets supporting existing data center customers at $9.25 billion to $9.75 billion. The company expects to invest approximately $600 million initially in Pool Resource Assets, incremental to previously disclosed data-center capital estimates. GenCo is developing a combined-cycle natural gas facility for the ADS Contract and combined 400 MW and 100 MW battery-energy-storage installations, with on-site construction activities expected to begin in the third quarter of 2026.
Key facts
- NiSource expects to make approximately $600 million of capital investments in connection with Pool Resource Assets initially being developed to serve contracted data center customers. source
- GenCo mobilized in June 2026 for initial civil site work to support construction beginning in the third quarter of 2026 for its new combined-cycle natural gas-fired generation facility. source
- GenCo awarded the battery equipment supply contract in February 2026 for a combined 400 MW and 100 MW BESS and anticipates on-site construction to start in the third quarter of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | +0.8% | NiSource expects to make approximately $600 million of capital investments in connection with Pool Resource Assets initially being… |
| assets | positive | committed | — | GenCo mobilized in June 2026 for initial civil site work to support construction beginning in the third quarter of 2026 for its new… |
| cash | negative | committed | — | GenCo mobilized in June 2026 for initial civil site work to support construction beginning in the third quarter of 2026 for its new… |
| assets | positive | committed | — | GenCo awarded the battery equipment supply contract in February 2026 for a combined 400 MW and 100 MW BESS and anticipates on-site… |
| liability | negative | committed | — | GenCo awarded the battery equipment supply contract in February 2026 for a combined 400 MW and 100 MW BESS and anticipates on-site… |