NI · 10-Q · 2026Q2 · Full report
Storm Asset Impairment
NISOURCE INC. · 2026-08-05 · Importance 32 · Surprise 60 · In source text
An extreme weather event damaged NIPSCO’s Dunn’s Bridge I solar-generation facilities in March 2026. As of June 30, 2026, NiSource deferred $3.5 million of site-cleanup and safety costs and recorded a $16.2 million impairment loss on damaged assets. The company recorded a $19.7 million insurance receivable covering anticipated reimbursement for both cleanup costs and the asset damage.
Key facts
- In March 2026, NiSource deferred $3.5 million of costs related to site cleanup and safety for damage at Dunn's Bridge I and recorded a loss of $16.2 million to impair the assets; recorded an offsetting insurance receivable of $19.7 million as of June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -1.3% | In March 2026, NiSource deferred $3.5 million of costs related to site cleanup and safety for damage at Dunn's Bridge I and recorded a… |
| assets | positive | realized | +0.1% | In March 2026, NiSource deferred $3.5 million of costs related to site cleanup and safety for damage at Dunn's Bridge I and recorded a… |
| assets | negative | realized | -0.0% | In March 2026, NiSource deferred $3.5 million of costs related to site cleanup and safety for damage at Dunn's Bridge I and recorded a… |
| assets | positive | realized | +0.0% | In March 2026, NiSource deferred $3.5 million of costs related to site cleanup and safety for damage at Dunn's Bridge I and recorded a… |