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Blackstone Exclusive: $2.41bn Investment to Expand Utility Portfolio

NiSource, a utility company, recently announced a significant investment from Blackstone.

A sign outside the Blackstone headquarters in New York. PHOTO: Mark Abramson/Bloomberg
A sign outside the Blackstone headquarters in New York. PHOTO: Mark Abramson/Bloomberg

Blackstone will invest a total of $2.41 billion in NiSource’s subsidiary, Northern Indiana Public Service Company (NIPSCO).

This investment includes the acquisition of a 19.9% indirect non-controlling equity stake for $2.16 billion, as well as an additional $250 million for ongoing capital requirements.

With this investment, Blackstone aims to support NIPSCO’s financial foundation and

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