To highlight NiSource's and CPG's growth strategies following the planned separation, the companies are hosting webcasts on Thursday, May 14, 2015. NiSource will present an update on the separation process, and provide an overview of its pure-play utility investment and customer proposition at 9:00 a.m. ET. CPG will provide an overview of CPG's business strategy, highlighting its growth and infrastructure investment inventory at 10:30 a.m. Click the read more link below to schedule a reminder for both webcasts.
On April 30, 2015, NiSource reported net operating earnings from continuing – controlling interest (non-GAAP) of $268.3 million, or $0.85 per share. Its planned separation of Columbia Pipeline Group remains on track for July 1, 2015. 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.