Donald Brown will join the company on April 6, 2015, as an executive vice president in the corporation's Finance organization. Brown is expected to be appointed chief financial officer for NiSource, effective upon the completion of the previously announced separation of NiSource and Columbia Pipeline Group.
On Feb. 18, 2015, NiSource reported 2014 net operating earnings from continuing operations - non-GAAP - of $542.5 million, or $1.72 per share. Supported by a record $2.2 billion capital investment program, NiSource again delivered on its earnings commitments and produced total returns for shareholders that exceeded the performance of the major utility indices. Click the read more link below for complete details, including the full press release, webcast replay and supplemental slides.
On Feb. 11, Columbia Pipeline Partners (a NiSource company) announced the closing of its initial public offering of 46,811,398 common units representing limited partner interests in the Partnership at $23.00 per common unit. In addition to the common units issued at closing, 7,021,709 common units were issued pursuant to the full exercise of the underwriters' option to purchase additional common units at the initial public offering price.