NI · 10-Q · 2026Q2 · Full report
Data Center Strategy
NISOURCE INC. · 2026-08-05 · Importance 58 · Surprise 42 · No source text
NiSource reports strong demand from potential data center customers in its northern Indiana service territory and is negotiating with additional counterparties. GenCo is developing a new combined-cycle natural gas-fired facility and 400 MW plus 100 MW battery energy-storage installations, with on-site construction expected to begin in the third quarter of 2026. The estimated aggregate cost of Contract Assets and Pool Resource Assets supporting existing data center customers is $9.25 billion to $9.75 billion, including approximately $600 million of initially planned Pool Resource Asset capital investments. Additional contracts could require significant generation, transmission assets, and financing, with potential funding from debt, equity, joint ventures, build-transfer arrangements, and Blackstone affiliate minority investments.
Key facts
- The aggregate cost of Contract Assets and Pool Resource Assets supporting existing data center customers is estimated between $9.25 billion to $9.75 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | +12.7% | The aggregate cost of Contract Assets and Pool Resource Assets supporting existing data center customers is estimated between $9.25… |