Company Quick10K Filing
Nisource
Price30.56 EPS1
Shares375 P/E22
MCap11,466 P/FCF9
Net Debt8,828 EBIT917
TEV20,294 TEV/EBIT22
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-06-30 Filed 2020-08-05
10-Q 2020-03-31 Filed 2020-05-06
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-10-30
10-Q 2019-06-30 Filed 2019-07-31
10-Q 2019-03-31 Filed 2019-05-01
10-K 2018-12-31 Filed 2019-02-20
10-Q 2018-09-30 Filed 2018-11-01
10-Q 2018-06-30 Filed 2018-08-01
S-1 2018-05-11 Public Filing
10-Q 2018-03-31 Filed 2018-05-02
10-K 2017-12-31 Filed 2018-02-20
10-Q 2017-09-30 Filed 2017-11-01
10-Q 2017-06-30 Filed 2017-08-02
10-Q 2017-03-31 Filed 2017-05-03
10-K 2016-12-31 Filed 2017-02-22
10-Q 2016-09-30 Filed 2016-11-01
10-Q 2016-06-30 Filed 2016-08-02
10-Q 2016-03-31 Filed 2016-05-03
10-K 2015-12-31 Filed 2016-02-18
10-Q 2015-09-30 Filed 2015-11-03
10-Q 2015-06-30 Filed 2015-08-03
10-Q 2015-03-31 Filed 2015-04-30
10-K 2014-12-31 Filed 2015-02-18
10-Q 2014-09-30 Filed 2014-10-30
10-Q 2014-06-30 Filed 2014-07-31
10-Q 2014-03-31 Filed 2014-04-30
10-K 2013-12-31 Filed 2014-02-18
10-Q 2013-09-30 Filed 2013-10-31
10-Q 2013-06-30 Filed 2013-07-31
10-Q 2013-03-31 Filed 2013-04-30
10-K 2012-12-31 Filed 2013-02-19
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-07-31
10-Q 2012-03-31 Filed 2012-05-01
10-K 2011-12-31 Filed 2012-02-24
10-Q 2011-09-30 Filed 2011-10-28
10-Q 2011-06-30 Filed 2011-08-02
10-Q 2011-03-31 Filed 2011-05-03
10-K 2010-12-31 Filed 2011-02-28
10-Q 2010-06-30 Filed 2010-08-03
10-Q 2010-03-31 Filed 2010-05-04
10-K 2009-12-31 Filed 2010-02-26
8-K 2020-08-26 Other Events, Exhibits
8-K 2020-08-18 Other Events, Exhibits
8-K 2020-08-18 Other Events, Exhibits
8-K 2020-08-12 Other Events, Exhibits
8-K 2020-08-12 Other Events, Exhibits
8-K 2020-08-05 Earnings, Exhibits
8-K 2020-07-15 Officers
8-K 2020-07-02 Enter Agreement, Other Events, Exhibits
8-K 2020-05-26
8-K 2020-05-19
8-K 2020-05-19
8-K 2020-05-06
8-K 2020-04-23
8-K 2020-04-08
8-K 2020-04-01
8-K 2020-03-09
8-K 2020-03-06
8-K 2020-02-26
8-K 2020-02-26
8-K 2020-02-26
8-K 2019-11-27
8-K 2019-10-30
8-K 2019-08-12
8-K 2019-07-31
8-K 2019-07-26
8-K 2019-06-05
8-K 2019-05-07
8-K 2019-05-01
8-K 2019-04-17
8-K 2019-03-04
8-K 2019-02-20
8-K 2019-02-20
8-K 2018-12-26
8-K 2018-12-12
8-K 2018-11-30
8-K 2018-11-28
8-K 2018-11-01
8-K 2018-11-01
8-K 2018-10-12
8-K 2018-09-26
8-K 2018-09-05
8-K 2018-08-01
8-K 2018-06-06
8-K 2018-06-04
8-K 2018-05-08
8-K 2018-05-02
8-K 2018-05-02
8-K 2018-05-02
8-K 2018-04-18
8-K 2018-03-26
8-K 2018-02-20
8-K 2018-01-26

NI 10Q Quarterly Report

Part I
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-10.2 ni-ex1022020630.htm
EX-10.4 ni-ex1042020630.htm
EX-31.1 ni-ex3112020630.htm
EX-31.2 ni-ex3122020630.htm
EX-32.1 ni-ex3212020630.htm
EX-32.2 ni-ex3222020630.htm

Nisource Earnings 2020-06-30

Balance SheetIncome StatementCash Flow
30241812602012201420172020
Assets, Equity
2.62.01.40.80.2-0.42012201420172020
Rev, G Profit, Net Income
3.41.90.4-1.0-2.5-4.02012201420172020
Ops, Inv, Fin

nix-20200630
000111171112/312020Q2false151.4150.10.80.010.01600,000,000600,000,000382,917,033382,135,6800.010.0120,000,00020,000,000440,000440,000P5YP10Y2.030.932.400.7510.2167.7169.300011117112020-01-012020-06-300001111711us-gaap:CommonStockMember2020-01-012020-06-300001111711us-gaap:PreferredStockMember2020-01-012020-06-30xbrli:shares00011117112020-07-30iso4217:USD00011117112020-04-012020-06-3000011117112019-04-012019-06-3000011117112019-01-012019-06-30iso4217:USDxbrli:shares00011117112020-06-3000011117112019-12-3100011117112018-12-3100011117112019-06-300001111711us-gaap:CommonStockMember2020-03-310001111711us-gaap:PreferredStockMember2020-03-310001111711us-gaap:TreasuryStockMember2020-03-310001111711us-gaap:AdditionalPaidInCapitalMember2020-03-310001111711us-gaap:RetainedEarningsMember2020-03-310001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-3100011117112020-03-310001111711us-gaap:CommonStockMember2020-04-012020-06-300001111711us-gaap:PreferredStockMember2020-04-012020-06-300001111711us-gaap:TreasuryStockMember2020-04-012020-06-300001111711us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001111711us-gaap:RetainedEarningsMember2020-04-012020-06-300001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001111711us-gaap:CommonStockMember2020-06-300001111711us-gaap:PreferredStockMember2020-06-300001111711us-gaap:TreasuryStockMember2020-06-300001111711us-gaap:AdditionalPaidInCapitalMember2020-06-300001111711us-gaap:RetainedEarningsMember2020-06-300001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001111711us-gaap:CommonStockMember2019-12-310001111711us-gaap:PreferredStockMember2019-12-310001111711us-gaap:TreasuryStockMember2019-12-310001111711us-gaap:AdditionalPaidInCapitalMember2019-12-310001111711us-gaap:RetainedEarningsMember2019-12-310001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001111711us-gaap:TreasuryStockMember2020-01-012020-06-300001111711us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-300001111711us-gaap:RetainedEarningsMember2020-01-012020-06-300001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300001111711us-gaap:SeriesAPreferredStockMember2020-06-300001111711us-gaap:SeriesBPreferredStockMember2020-06-300001111711us-gaap:CommonStockMember2019-03-310001111711us-gaap:PreferredStockMember2019-03-310001111711us-gaap:TreasuryStockMember2019-03-310001111711us-gaap:AdditionalPaidInCapitalMember2019-03-310001111711us-gaap:RetainedEarningsMember2019-03-310001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-3100011117112019-03-310001111711us-gaap:CommonStockMember2019-04-012019-06-300001111711us-gaap:PreferredStockMember2019-04-012019-06-300001111711us-gaap:TreasuryStockMember2019-04-012019-06-300001111711us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300001111711us-gaap:RetainedEarningsMember2019-04-012019-06-300001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001111711us-gaap:CommonStockMember2019-06-300001111711us-gaap:PreferredStockMember2019-06-300001111711us-gaap:TreasuryStockMember2019-06-300001111711us-gaap:AdditionalPaidInCapitalMember2019-06-300001111711us-gaap:RetainedEarningsMember2019-06-300001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300001111711us-gaap:CommonStockMember2018-12-310001111711us-gaap:PreferredStockMember2018-12-310001111711us-gaap:TreasuryStockMember2018-12-310001111711us-gaap:AdditionalPaidInCapitalMember2018-12-310001111711us-gaap:RetainedEarningsMember2018-12-310001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001111711us-gaap:CommonStockMember2019-01-012019-06-300001111711us-gaap:PreferredStockMember2019-01-012019-06-300001111711us-gaap:TreasuryStockMember2019-01-012019-06-300001111711us-gaap:AdditionalPaidInCapitalMember2019-01-012019-06-300001111711us-gaap:RetainedEarningsMember2019-01-012019-06-300001111711us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-30xbrli:pure0001111711nix:ResidentialMembernix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:ResidentialMembernix:ElectricOperationsMember2020-04-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:ResidentialMember2020-04-012020-06-300001111711nix:ResidentialMember2020-04-012020-06-300001111711nix:CommercialMembernix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:ElectricOperationsMembernix:CommercialMember2020-04-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:CommercialMember2020-04-012020-06-300001111711nix:CommercialMember2020-04-012020-06-300001111711nix:IndustrialMembernix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:IndustrialMembernix:ElectricOperationsMember2020-04-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:IndustrialMember2020-04-012020-06-300001111711nix:IndustrialMember2020-04-012020-06-300001111711nix:OffsystemMembernix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:ElectricOperationsMembernix:OffsystemMember2020-04-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:OffsystemMember2020-04-012020-06-300001111711nix:OffsystemMember2020-04-012020-06-300001111711nix:Misc.Membernix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:ElectricOperationsMembernix:Misc.Member2020-04-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:Misc.Member2020-04-012020-06-300001111711nix:Misc.Member2020-04-012020-06-300001111711nix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:ElectricOperationsMember2020-04-012020-06-300001111711us-gaap:CorporateAndOtherMember2020-04-012020-06-300001111711nix:ResidentialMembernix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:ResidentialMembernix:ElectricOperationsMember2019-04-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:ResidentialMember2019-04-012019-06-300001111711nix:ResidentialMember2019-04-012019-06-300001111711nix:CommercialMembernix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:ElectricOperationsMembernix:CommercialMember2019-04-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:CommercialMember2019-04-012019-06-300001111711nix:CommercialMember2019-04-012019-06-300001111711nix:IndustrialMembernix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:IndustrialMembernix:ElectricOperationsMember2019-04-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:IndustrialMember2019-04-012019-06-300001111711nix:IndustrialMember2019-04-012019-06-300001111711nix:OffsystemMembernix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:ElectricOperationsMembernix:OffsystemMember2019-04-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:OffsystemMember2019-04-012019-06-300001111711nix:OffsystemMember2019-04-012019-06-300001111711nix:Misc.Membernix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:ElectricOperationsMembernix:Misc.Member2019-04-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:Misc.Member2019-04-012019-06-300001111711nix:Misc.Member2019-04-012019-06-300001111711nix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:ElectricOperationsMember2019-04-012019-06-300001111711us-gaap:CorporateAndOtherMember2019-04-012019-06-300001111711nix:ResidentialMembernix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:ResidentialMembernix:ElectricOperationsMember2020-01-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:ResidentialMember2020-01-012020-06-300001111711nix:ResidentialMember2020-01-012020-06-300001111711nix:CommercialMembernix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:ElectricOperationsMembernix:CommercialMember2020-01-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:CommercialMember2020-01-012020-06-300001111711nix:CommercialMember2020-01-012020-06-300001111711nix:IndustrialMembernix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:IndustrialMembernix:ElectricOperationsMember2020-01-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:IndustrialMember2020-01-012020-06-300001111711nix:IndustrialMember2020-01-012020-06-300001111711nix:OffsystemMembernix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:ElectricOperationsMembernix:OffsystemMember2020-01-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:OffsystemMember2020-01-012020-06-300001111711nix:OffsystemMember2020-01-012020-06-300001111711nix:Misc.Membernix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:ElectricOperationsMembernix:Misc.Member2020-01-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:Misc.Member2020-01-012020-06-300001111711nix:Misc.Member2020-01-012020-06-300001111711nix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:ElectricOperationsMember2020-01-012020-06-300001111711us-gaap:CorporateAndOtherMember2020-01-012020-06-300001111711nix:ResidentialMembernix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:ResidentialMembernix:ElectricOperationsMember2019-01-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:ResidentialMember2019-01-012019-06-300001111711nix:ResidentialMember2019-01-012019-06-300001111711nix:CommercialMembernix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:ElectricOperationsMembernix:CommercialMember2019-01-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:CommercialMember2019-01-012019-06-300001111711nix:CommercialMember2019-01-012019-06-300001111711nix:IndustrialMembernix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:IndustrialMembernix:ElectricOperationsMember2019-01-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:IndustrialMember2019-01-012019-06-300001111711nix:IndustrialMember2019-01-012019-06-300001111711nix:OffsystemMembernix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:ElectricOperationsMembernix:OffsystemMember2019-01-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:OffsystemMember2019-01-012019-06-300001111711nix:OffsystemMember2019-01-012019-06-300001111711nix:Misc.Membernix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:ElectricOperationsMembernix:Misc.Member2019-01-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:Misc.Member2019-01-012019-06-300001111711nix:Misc.Member2019-01-012019-06-300001111711nix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:ElectricOperationsMember2019-01-012019-06-300001111711us-gaap:CorporateAndOtherMember2019-01-012019-06-300001111711nix:GasDistributionOperationsMember2020-03-310001111711nix:ElectricOperationsMember2020-03-310001111711us-gaap:CorporateAndOtherMember2020-03-310001111711nix:GasDistributionOperationsMember2020-06-300001111711nix:ElectricOperationsMember2020-06-300001111711us-gaap:CorporateAndOtherMember2020-06-300001111711nix:GasDistributionOperationsMember2019-12-310001111711nix:ElectricOperationsMember2019-12-310001111711us-gaap:CorporateAndOtherMember2019-12-310001111711nix:ForwardAgreementMember2020-01-012020-06-300001111711nix:ForwardAgreementMember2020-06-300001111711nix:AtTheMarketProgramMember2020-01-012020-06-300001111711us-gaap:SeriesAPreferredStockMember2020-04-012020-06-300001111711us-gaap:SeriesAPreferredStockMember2019-04-012019-06-300001111711us-gaap:SeriesAPreferredStockMember2020-01-012020-06-300001111711us-gaap:SeriesAPreferredStockMember2019-01-012019-06-300001111711us-gaap:PreferredStockMemberus-gaap:SeriesAPreferredStockMember2020-06-300001111711us-gaap:PreferredStockMemberus-gaap:SeriesAPreferredStockMember2019-12-310001111711us-gaap:SeriesBPreferredStockMember2020-04-012020-06-300001111711us-gaap:SeriesBPreferredStockMember2019-04-012019-06-300001111711us-gaap:SeriesBPreferredStockMember2020-01-012020-06-300001111711us-gaap:SeriesBPreferredStockMember2019-01-012019-06-300001111711us-gaap:PreferredStockMemberus-gaap:SeriesBPreferredStockMember2020-06-300001111711us-gaap:PreferredStockMemberus-gaap:SeriesBPreferredStockMember2019-12-310001111711nix:SeriesB1PreferredStockMember2020-06-3000011117112020-02-260001111711nix:ColumbiaOfMassachusettsMember2020-01-012020-06-300001111711nix:MassachusettsBusinessDomain2020-04-012020-06-300001111711nix:MassachusettsBusinessDomain2019-04-012019-06-300001111711nix:MassachusettsBusinessDomain2020-01-012020-06-300001111711nix:MassachusettsBusinessDomain2019-01-012019-06-300001111711nix:MassachusettsBusinessDomain2020-06-300001111711nix:ColumbiaOfOhioMembernix:A2020IRPMember2020-02-282020-02-280001111711nix:ColumbiaOfOhioMembernix:A2020IRPMember2020-02-280001111711nix:A2019CEPMembernix:ColumbiaOfOhioMember2019-02-282019-02-280001111711nix:A2019CEPMembernix:ColumbiaOfOhioMember2019-02-280001111711nix:ColumbiaOfOhioMembernix:A2020CEPMember2020-02-282020-02-280001111711nix:ColumbiaOfOhioMembernix:A2020CEPMember2020-02-280001111711nix:TDSIC10Membernix:NIPSCOGasMember2019-06-252019-06-250001111711nix:TDSIC10Membernix:NIPSCOGasMember2019-06-250001111711nix:TDSIC11Membernix:NIPSCOGasMember2020-02-252020-02-250001111711nix:TDSIC11Membernix:NIPSCOGasMember2020-02-250001111711nix:FMCA3Membernix:NIPSCOGasMember2019-11-262019-11-260001111711nix:FMCA3Membernix:NIPSCOGasMember2019-11-260001111711nix:FMCA4Membernix:NIPSCOGasMember2020-05-262020-05-260001111711nix:FMCA4Membernix:NIPSCOGasMember2020-05-260001111711nix:A2020GSEPMembernix:ColumbiaOfMassachusettsMember2019-10-312019-10-310001111711nix:A2020GSEPMembernix:ColumbiaOfMassachusettsMember2019-10-310001111711nix:ColumbiaOfVirginiaMembernix:A2020SAVEMember2019-08-152019-08-150001111711nix:ColumbiaOfVirginiaMembernix:A2020SAVEMember2019-08-150001111711nix:A2021SAVEMembernix:ColumbiaOfVirginiaMemberus-gaap:SubsequentEventMember2020-07-242020-07-240001111711nix:A2021SAVEMembernix:ColumbiaOfVirginiaMemberus-gaap:SubsequentEventMember2020-07-240001111711nix:ColumbiaOfKentuckyMembernix:A2020SMRPMember2019-10-152019-10-150001111711nix:ColumbiaOfKentuckyMembernix:A2020SMRPMember2019-10-150001111711nix:A2020STRIDEMembernix:ColumbiaOfMarylandMember2020-01-292020-01-290001111711nix:A2020STRIDEMembernix:ColumbiaOfMarylandMember2020-01-290001111711nix:NIPSCOElectricMembernix:TDSIC6Member2019-08-212019-08-210001111711nix:NIPSCOElectricMembernix:TDSIC6Member2019-08-210001111711nix:NIPSCOElectricMembernix:FMCA12Member2019-10-182019-10-180001111711nix:NIPSCOElectricMembernix:FMCA12Member2019-10-180001111711nix:NIPSCOElectricMembernix:FMCA13Member2020-04-152020-04-150001111711nix:NIPSCOElectricMembernix:FMCA13Member2020-04-150001111711nix:ColumbiaOfPennsylvaniaMembernix:DSICMember2020-04-272020-04-270001111711nix:ColumbiaOfPennsylvaniaMembernix:DSICMember2020-04-270001111711nix:DSICQ22020Membernix:ColumbiaOfPennsylvaniaMember2020-06-192020-06-190001111711nix:DSICQ22020Membernix:ColumbiaOfPennsylvaniaMember2020-06-190001111711nix:NIPSCOElectricMember2018-10-312018-10-310001111711nix:ColumbiaOfPennsylvaniaMember2020-04-242020-04-240001111711nix:ColumbiaOfMarylandMember2020-05-152020-05-150001111711nix:RiskManagementAssetsCurrentMemberus-gaap:InterestRateRiskMember2020-06-300001111711nix:RiskManagementAssetsCurrentMemberus-gaap:InterestRateRiskMember2019-12-310001111711nix:RiskManagementAssetsCurrentMembernix:CommodityPriceRiskProgramsMember2020-06-300001111711nix:RiskManagementAssetsCurrentMembernix:CommodityPriceRiskProgramsMember2019-12-310001111711nix:RiskManagementAssetsCurrentMember2020-06-300001111711nix:RiskManagementAssetsCurrentMember2019-12-310001111711nix:RiskManagementAssetsNoncurrentMemberus-gaap:InterestRateRiskMember2020-06-300001111711nix:RiskManagementAssetsNoncurrentMemberus-gaap:InterestRateRiskMember2019-12-310001111711nix:RiskManagementAssetsNoncurrentMembernix:CommodityPriceRiskProgramsMember2020-06-300001111711nix:RiskManagementAssetsNoncurrentMembernix:CommodityPriceRiskProgramsMember2019-12-310001111711nix:RiskManagementAssetsNoncurrentMember2020-06-300001111711nix:RiskManagementAssetsNoncurrentMember2019-12-310001111711nix:RiskManagementLiabilitiesCurrentMemberus-gaap:InterestRateRiskMember2020-06-300001111711nix:RiskManagementLiabilitiesCurrentMemberus-gaap:InterestRateRiskMember2019-12-310001111711nix:RiskManagementLiabilitiesCurrentMembernix:CommodityPriceRiskProgramsMember2020-06-300001111711nix:RiskManagementLiabilitiesCurrentMembernix:CommodityPriceRiskProgramsMember2019-12-310001111711nix:RiskManagementLiabilitiesCurrentMember2020-06-300001111711nix:RiskManagementLiabilitiesCurrentMember2019-12-310001111711us-gaap:InterestRateRiskMembernix:RiskManagementLiabilitiesNoncurrentMember2020-06-300001111711us-gaap:InterestRateRiskMembernix:RiskManagementLiabilitiesNoncurrentMember2019-12-310001111711nix:CommodityPriceRiskProgramsMembernix:RiskManagementLiabilitiesNoncurrentMember2020-06-300001111711nix:CommodityPriceRiskProgramsMembernix:RiskManagementLiabilitiesNoncurrentMember2019-12-310001111711nix:RiskManagementLiabilitiesNoncurrentMember2020-06-300001111711nix:RiskManagementLiabilitiesNoncurrentMember2019-12-310001111711us-gaap:InterestRateSwapMember2020-06-300001111711srt:MinimumMember2020-01-012020-06-300001111711srt:MaximumMember2020-01-012020-06-300001111711us-gaap:FairValueInputsLevel1Member2020-06-300001111711us-gaap:FairValueInputsLevel2Member2020-06-300001111711us-gaap:FairValueInputsLevel3Member2020-06-300001111711us-gaap:CashFlowHedgingMember2020-06-300001111711us-gaap:AvailableforsaleSecuritiesMember2020-06-300001111711us-gaap:FairValueInputsLevel1Member2019-12-310001111711us-gaap:FairValueInputsLevel2Member2019-12-310001111711us-gaap:FairValueInputsLevel3Member2019-12-310001111711us-gaap:CashFlowHedgingMember2019-12-310001111711us-gaap:AvailableforsaleSecuritiesMember2019-12-310001111711us-gaap:USTreasuryAndGovernmentMember2020-06-300001111711us-gaap:CorporateDebtSecuritiesMember2020-06-300001111711us-gaap:USTreasuryAndGovernmentMember2019-12-310001111711us-gaap:CorporateDebtSecuritiesMember2019-12-310001111711nix:AccountsReceivableProgramMember2020-06-300001111711nix:ColumbiaOfMassachusettsMember2020-04-012020-06-30utr:Rate0001111711us-gaap:PensionPlansDefinedBenefitMember2020-01-012020-06-300001111711us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-01-012020-06-300001111711us-gaap:PensionPlansDefinedBenefitMember2020-04-012020-06-300001111711us-gaap:PensionPlansDefinedBenefitMember2019-04-012019-06-300001111711us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-04-012020-06-300001111711us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-04-012019-06-300001111711us-gaap:PensionPlansDefinedBenefitMember2019-01-012019-06-300001111711us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-01-012019-06-300001111711us-gaap:SeniorNotesMember2020-04-130001111711nix:A3.60NotesDue2030Member2020-06-300001111711nix:A3.60NotesDue2030Memberus-gaap:SeniorNotesMember2020-01-012020-06-300001111711us-gaap:RevolvingCreditFacilityMember2020-06-300001111711us-gaap:RevolvingCreditFacilityMember2019-12-310001111711us-gaap:CommercialPaperMember2020-06-300001111711srt:MaximumMembernix:TermLoanMember2019-04-170001111711srt:MaximumMembernix:TermLoanMember2020-04-010001111711nix:TermLoanMember2020-06-300001111711nix:TermLoanMember2019-12-310001111711us-gaap:CommercialPaperMember2019-12-310001111711nix:TermLoanMember2020-04-012020-04-010001111711us-gaap:StandbyLettersOfCreditMember2020-06-300001111711us-gaap:SubsequentEventMember2020-07-020001111711srt:MaximumMembernix:ColumbiaOfMassachusettsMember2020-01-012020-06-3000011117112019-10-312019-10-3100011117112019-07-260001111711srt:MinimumMembernix:ColumbiaOfMassachusettsMember2018-09-132020-03-310001111711srt:MaximumMembernix:ColumbiaOfMassachusettsMember2018-09-132020-03-3100011117112018-09-132020-03-310001111711nix:MgpSitesMember2020-06-300001111711nix:MgpSitesMember2019-12-310001111711nix:NIPSCOMember2020-01-012020-06-30utr:MW0001111711nix:PurchasePowerAgreementsJan2019Member2020-01-012020-06-3000011117112019-01-010001111711nix:PurchasePowerAgreementsJan2019Member2019-01-010001111711nix:BuildTransferAgreementMember2019-01-010001111711nix:BuildTransferAgreementMember2019-10-310001111711nix:PurchasePowerAgreementsJun2020Member2020-01-012020-06-300001111711nix:PurchasePowerAgreementsJun2020Member2020-06-3000011117112018-09-132020-06-3000011117112018-09-132019-12-310001111711nix:ColumbiaOfMassachusettsMember2018-09-132020-03-3100011117112018-09-132018-12-310001111711nix:ColumbiaOfMassachusettsMember2020-06-300001111711us-gaap:StandbyLettersOfCreditMember2019-12-310001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-03-310001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-03-310001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-03-310001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-04-012020-06-300001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-04-012020-06-300001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-04-012020-06-300001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-06-300001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-06-300001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-06-300001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-12-310001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-06-300001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-01-012020-06-300001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-06-300001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-03-310001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-03-310001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-03-310001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-04-012019-06-300001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-04-012019-06-300001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-04-012019-06-300001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-06-300001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-06-300001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-06-300001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-12-310001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2018-12-310001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-310001111711us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-06-300001111711us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-01-012019-06-300001111711us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-01-012019-06-300001111711nix:UnaffiliatedMembernix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:UnaffiliatedMembernix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:UnaffiliatedMembernix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:UnaffiliatedMembernix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:IntersegmentMembernix:GasDistributionOperationsMember2020-04-012020-06-300001111711nix:IntersegmentMembernix:GasDistributionOperationsMember2019-04-012019-06-300001111711nix:IntersegmentMembernix:GasDistributionOperationsMember2020-01-012020-06-300001111711nix:IntersegmentMembernix:GasDistributionOperationsMember2019-01-012019-06-300001111711nix:UnaffiliatedMembernix:ElectricOperationsMember2020-04-012020-06-300001111711nix:UnaffiliatedMembernix:ElectricOperationsMember2019-04-012019-06-300001111711nix:UnaffiliatedMembernix:ElectricOperationsMember2020-01-012020-06-300001111711nix:UnaffiliatedMembernix:ElectricOperationsMember2019-01-012019-06-300001111711nix:ElectricOperationsMembernix:IntersegmentMember2020-04-012020-06-300001111711nix:ElectricOperationsMembernix:IntersegmentMember2019-04-012019-06-300001111711nix:ElectricOperationsMembernix:IntersegmentMember2020-01-012020-06-300001111711nix:ElectricOperationsMembernix:IntersegmentMember2019-01-012019-06-300001111711nix:UnaffiliatedMemberus-gaap:CorporateAndOtherMember2020-04-012020-06-300001111711nix:UnaffiliatedMemberus-gaap:CorporateAndOtherMember2019-04-012019-06-300001111711nix:UnaffiliatedMemberus-gaap:CorporateAndOtherMember2020-01-012020-06-300001111711nix:UnaffiliatedMemberus-gaap:CorporateAndOtherMember2019-01-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:IntersegmentMember2020-04-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:IntersegmentMember2019-04-012019-06-300001111711us-gaap:CorporateAndOtherMembernix:IntersegmentMember2020-01-012020-06-300001111711us-gaap:CorporateAndOtherMembernix:IntersegmentMember2019-01-012019-06-300001111711us-gaap:IntersegmentEliminationMember2020-04-012020-06-300001111711us-gaap:IntersegmentEliminationMember2019-04-012019-06-300001111711us-gaap:IntersegmentEliminationMember2020-01-012020-06-300001111711us-gaap:IntersegmentEliminationMember2019-01-012019-06-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2020
or
  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from              to             
Commission file number 001-16189
NiSource Inc.
(Exact name of registrant as specified in its charter)
DE35-2108964
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
801 East 86th Avenue
Merrillville,IN46410
(Address of principal executive offices)(Zip Code)
(877) 647-5990
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading
Symbol(s)
Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per shareNINYSE
Depositary Shares, each representing a 1/1,000th ownership interest in a share of 6.50% Series BNI PR BNYSE
Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, liquidation preference $25,000 per share and a 1/1,000th ownership interest in a share of Series B-1 Preferred Stock, par value $0.01 per share, liquidation preference $0.01 per share
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes þ    No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files.)
Yes þ    No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer þ  Accelerated filer ¨  Emerging growth company   Non-accelerated filer ¨ Smaller reporting company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes     No
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Common Stock, $0.01 Par Value: 383,023,038 shares outstanding at July 30, 2020.



NISOURCE INC.
FORM 10-Q QUARTERLY REPORT
FOR THE QUARTER ENDED JUNE 30, 2020
Table of Contents
 
   Page
PART IFINANCIAL INFORMATION
Item 1.Financial Statements - unaudited
Item 2.
Item 3.
Item 4.
PART IIOTHER INFORMATION
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
2


DEFINED TERMS

The following is a list of frequently used abbreviations or acronyms that are found in this report:

NiSource Subsidiaries, Affiliates and Former Subsidiaries
Columbia of KentuckyColumbia Gas of Kentucky, Inc.
Columbia of MarylandColumbia Gas of Maryland, Inc.
Columbia of MassachusettsBay State Gas Company
Columbia of OhioColumbia Gas of Ohio, Inc.
Columbia of PennsylvaniaColumbia Gas of Pennsylvania, Inc.
Columbia of VirginiaColumbia Gas of Virginia, Inc.
NIPSCONorthern Indiana Public Service Company LLC
NiSource ("we," "us" or “our”)NiSource Inc.
Abbreviations and Other
ACEAffordable Clean Energy
AFUDCAllowance for funds used during construction
AOCIAccumulated Other Comprehensive Income (Loss)
ASCAccounting Standards Codification
ASUAccounting Standards Update
ATMAt-the-market
BTABuild-transfer agreement
CARES ActThe Coronavirus Aid, Relief and Economic Security Act provides more than $2 trillion to battle COVID-19 and its economic effects, including various types of economic relief for impacted business and industries.
CCRsCoal Combustion Residuals
CEPCapital Expenditure Program
CERCLAComprehensive Environmental Response Compensation and Liability Act (also known as Superfund)
COVID-19Novel Coronavirus 2019
DSICDistribution System Improvement Charge
DPUDepartment of Public Utilities
ELGEffluent limitations guidelines
EPAUnited States Environmental Protection Agency
EPSEarnings per share
FACFuel adjustment clause
FASBFinancial Accounting Standards Board
FERCFederal Energy Regulatory Commission
FMCAFederally Mandated Cost Adjustment
GAAPGenerally Accepted Accounting Principles
GCAGas cost adjustment
GCRGas cost recovery
GHGGreenhouse gases
GSEPGas System Enhancement Program
GWhGigawatt hours
IRPInfrastructure Replacement Program
IURCIndiana Utility Regulatory Commission
LIBORLondon InterBank Offered Rate
MA DORMassachusetts Department of Revenue
3


DEFINED TERMS

Massachusetts BusinessAll of the assets being sold to, and liabilities being assumed by, Eversource pursuant to the Asset Purchase Agreement
MGPManufactured Gas Plant
MISOMidcontinent Independent System Operator
MMDthMillion dekatherms
MWMegawatts
MWhMegawatt hours
NTSBNational Transportation Safety Board
NYMEXNew York Mercantile Exchange
OPEBOther Postretirement Benefits
PHMSAPipeline and Hazardous Materials Safety Administration
PPAPower Purchase Agreement
PSCPublic Service Commission
PTCProduction tax credit
PUCPublic Utilities Commission
PUCOPublic Utilities Commission of Ohio
RCRAResource Conservation and Recovery Act
RFPRequest for proposals
SAVESteps to Advance Virginia's Energy Plan
SECSecurities and Exchange Commission
SMRPSafety Modification and Replacement Program
STRIDEStrategic Infrastructure Development Enhancement
TCJAAn Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (commonly known as the Tax Cuts and Jobs Act of 2017)
TDSICTransmission, Distribution and Storage System Improvement Charge
VSCCVirginia State Corporation Commission
Note regarding forward-looking statements
This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are other than statements of historical fact. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially.
Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this Quarterly Report on Form 10-Q include, among other things, our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; our ability to execute our growth strategy; changes in general economic, capital and commodity market conditions; pension funding obligations; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; our ability to adapt to, and manage costs related to, advances in technology; any changes in our assumptions regarding the financial implications of the Greater Lawrence Incident; compliance with the agreements entered into with the U.S. Attorney’s Office to settle the U.S. Attorney’s Office’s investigation relating to the Greater Lawrence Incident; the pending sale of the Massachusetts Business, including the terms and closing conditions under the Asset Purchase Agreement; potential incidents and other operating risks associated with our business; continuing and potential future impacts from the COVID-19 pandemic; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; any damage to our reputation, including in connection with the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and the costs of associated liabilities;
4


fluctuations in demand from residential commercial and industrial customers; economic conditions of certain industries; the success of NIPSCO's electric generation strategy; the price of energy commodities and related transportation costs; the reliability of customers and suppliers to fulfill their payment and contractual obligations; potential impairment of goodwill; changes in taxation and accounting principles; the impact of an aging infrastructure; the impact of climate change; potential cyber-attacks; construction risks and natural gas costs and supply risks; extreme weather conditions; the attraction and retention of a qualified workforce; the ability of our subsidiaries to generate cash; our ability to manage new initiatives and organizational changes; the performance of third-party suppliers and service providers; changes in the method for determining LIBOR and the potential replacement of the LIBOR benchmark interest rate; and other matters in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020, many of which risks are beyond our control. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time.
All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law.
5


IndexPage
6

Table of Contents
PART I

ITEM 1. FINANCIAL STATEMENTS
NiSource Inc.
Condensed Statements of Consolidated Income (Loss) (unaudited)
  
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions, except per share amounts)2020201920202019
Operating Revenues
Customer revenues$932.7  $969.2  $2,458.6  $2,803.7  
Other revenues30.0  41.2  109.6  76.5  
Total Operating Revenues962.7  1,010.4  2,568.2  2,880.2  
Operating Expenses
Cost of sales (excluding depreciation and amortization)188.4  253.5  650.8  933.8  
Operation and maintenance353.1  49.2  797.7  601.6  
Depreciation and amortization177.5  177.9  361.8  353.0  
Loss on classification as held for sale84.4    364.6    
Loss (gain) on sale of fixed assets and impairments, net(0.6) (0.1) (0.7) 0.1  
Other taxes68.2  66.4  154.1  154.0  
Total Operating Expenses871.0  546.9  2,328.3  2,042.5  
Operating Income91.7  463.5  239.9  837.7  
Other Income (Deductions)
Interest expense, net(97.0) (94.1) (189.9) (189.7) 
Other, net6.5  (0.3) 11.9  (1.0) 
Total Other Deductions, Net(90.5) (94.4) (178.0) (190.7) 
Income before Income Taxes1.2  369.1  61.9  647.0  
Income Taxes5.9  72.2  (9.0) 131.2  
Net Income (Loss)(4.7) 296.9  70.9  515.8  
Preferred dividends(13.8) (13.8) (27.6) (27.6) 
Net Income (Loss) Available to Common Shareholders(18.5) 283.1  43.3  488.2  
Earnings (Loss) Per Share
Basic Earnings (Loss) Per Share$(0.05) $0.76  $0.11  $1.31  
Diluted Earnings (Loss) Per Share$(0.05) $0.75  $0.11  $1.30  
Basic Average Common Shares Outstanding383.5  373.9  383.3  373.6  
Diluted Average Common Shares383.5  375.2  384.2  374.9  
The accompanying Notes to Condensed Consolidated Financial Statements (unaudited) are an integral part of these statements.
7

Table of Contents
ITEM 1. FINANCIAL STATEMENTS (continued)

NiSource Inc.
Condensed Statements of Consolidated Comprehensive Income (Loss) (unaudited)
 Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions, net of taxes)2020201920202019
Net Income (Loss)$(4.7) $296.9  $70.9  $515.8  
Other comprehensive income (loss):
 Net unrealized gain on available-for-sale debt securities(1)
5.7  2.1  0.3  4.9  
Net unrealized gain (loss) on cash flow hedges(2)
2.7  (30.5) (130.6) (49.8) 
Unrecognized pension and OPEB benefit(3)
0.3  0.4  1.0  1.3  
Total other comprehensive income (loss)8.7  (28.0) (129.3) (43.6) 
Comprehensive Income (Loss)$4.0  $268.9  $(58.4) $472.2  
(1) Net unrealized gain on available-for-sale debt securities, net of $1.5 million and $0.6 million tax expense in the second quarter of 2020 and 2019, respectively, and $0.1 million and $1.3 million tax expense for the six months ended 2020 and 2019, respectively.
(2) Net unrealized gain (loss) on cash flow hedges, net of $0.9 million tax expense and $10.0 million tax benefit in the second quarter of 2020 and 2019, respectively, and $43.2 million and $16.5 million tax benefit for the six months ended 2020 and 2019, respectively.
(3) Unrecognized pension and OPEB benefit, net of $0.2 million and $0.1 million tax expense in the second quarter of 2020 and 2019, respectively, and $0.1 million tax benefit and $0.5 million tax expense for the six months ended 2020 and 2019, respectively.
The accompanying Notes to Condensed Consolidated Financial Statements (unaudited) are an integral part of these statements.
8

Table of Contents
ITEM 1. FINANCIAL STATEMENTS (continued)

NiSource Inc.
Condensed Consolidated Balance Sheets (unaudited)
(in millions)June 30,
2020
December 31,
2019
ASSETS
Property, Plant and Equipment
Utility plant$20,427.1  $24,502.6  
Accumulated depreciation and amortization(5,549.0) (7,609.3) 
Net utility plant14,878.1  16,893.3  
Other property, at cost, less accumulated depreciation894.3  18.9  
Net Property, Plant and Equipment15,772.4  16,912.2  
Investments and Other Assets
Unconsolidated affiliates1.4  1.3  
Available-for-sale debt securities (amortized cost of $151.4 and $150.1, allowance for credit losses of $0.8 and $0, respectively)155.2  154.2  
Other investments72.6  74.7  
Total Investments and Other Assets229.2  230.2  
Current Assets
Cash and cash equivalents142.2  139.3  
Restricted cash11.4  9.1  
Accounts receivable577.1  876.1  
Allowance for credit losses(31.4) (19.2) 
Accounts receivable, net545.7  856.9  
Gas inventory112.4  250.9  
Materials and supplies, at average cost131.8  120.2  
Electric production fuel, at average cost67.6  53.6  
Exchange gas receivable17.9  48.5  
Assets held for sale1,542.3    
Regulatory assets145.7  225.7  
Prepayments and other142.6  149.7  
Total Current Assets2,859.6  1,853.9  
Other Assets
Regulatory assets1,926.3  2,013.9  
Goodwill1,485.9  1,485.9  
Deferred charges and other163.1  163.7  
Total Other Assets3,575.3  3,663.5  
Total Assets$22,436.5  $22,659.8  
 The accompanying Notes to Condensed Consolidated Financial Statements (unaudited) are an integral part of these statements.
 









9

Table of Contents
ITEM 1. FINANCIAL STATEMENTS (continued)
NiSource Inc.
Condensed Consolidated Balance Sheets (unaudited) (continued)
(in millions, except share amounts)June 30,
2020
December 31,
2019
CAPITALIZATION AND LIABILITIES
Capitalization
Stockholders’ Equity
Common stock - $0.01 par value, 600,000,000 shares authorized; 382,917,033 and 382,135,680 shares outstanding, respectively$3.8  $3.8  
Preferred stock - $0.01 par value, 20,000,000 shares authorized; 440,000 shares outstanding880.0  880.0  
Treasury stock(99.9) (99.9) 
Additional paid-in capital6,676.5  6,666.2  
Retained deficit(1,576.7) (1,370.8) 
Accumulated other comprehensive loss(221.9) (92.6) 
Total Stockholders’ Equity5,661.8  5,986.7  
Long-term debt, excluding amounts due within one year8,810.2  7,856.2  
Total Capitalization14,472.0  13,842.9  
Current Liabilities
Current portion of long-term debt15.6  13.4  
Short-term borrowings1,163.5  1,773.2  
Accounts payable402.5  666.0  
Dividends payable - common stock80.4    
Dividends payable - preferred stock8.1    
Customer deposits and credits163.1  256.4  
Taxes accrued195.7  231.6  
Interest accrued106.0  99.4  
Risk management liabilities120.0  12.6  
Exchange gas payable27.7  59.7  
Regulatory liabilities184.9  160.2  
Liabilities held for sale455.4    
Legal and environmental21.6  20.1  
Accrued compensation and employee benefits120.3  156.3  
Claims accrued22.4  165.4  
Other accruals140.5  131.5  
Total Current Liabilities3,227.7  3,745.8  
Other Liabilities
Risk management liabilities200.0  134.0  
Deferred income taxes1,477.4  1,485.3  
Deferred investment tax credits9.1  9.7  
Accrued insurance liabilities85.4  81.5  
Accrued liability for postretirement and postemployment benefits