NiSource sells Indiana unit stake to Blackstone for $2.15 billion.
NiSource will sell a minority stake in its unit, NIPSCO, to Blackstone's infrastructure unit for $2.15 billion. The deal will help NiSource cut debt and fund its transition towards renewable energy. NIPSCO is an integrated electric- and gas-distribution unit that operates in Indiana and serves about 1.3 million customers. The transaction is expected to close by the end of 2023.