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NiSource Inc. Dec 06 Product Image

NiSource Inc. Dec 06

  • Published: December 2006
  • Standard & Poors

Abstract
A conservative business strategy that focuses almost exclusively on regulated businesses, Significant scale as the largest gas company east of the Rockies and one of the largest integrated pipeline systems in the country, A nine-state scope of operations that mitigates weather and regulatory risk, Relatively constructive regulation, and Competitive gas distribution and pipeline cost structure. A subpar, but modestly improving, overall financial profile, Liberal debt leverage for rating level, Declining customer usage and increased attrition in gas distribution segment, Northern Indiana Public Service Co.'s high cost structure and heavy dependence on the industrial sector, Absence of weather-adjustment mechanisms for most gas distribution subsidiaries, and Continuing losses at the Whiting Clean Energy facility, though recent memorandum of understanding (MOU) with British...

Companies mentioned in this report are: NiSource Inc.,Bay State Gas Co.,Northern Indiana Public Service Co.,NiSource Capital Markets Inc.,NiSource Finance Corp.
Action: Review

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NiSource Inc.,Bay State Gas Co.,Northern Indiana Public Service Co.,NiSource Capital Markets Inc.,NiSource Finance Corp.

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