NiSource 3Q13: Income Doubled, Progress on NE Midstream Projects
NiSource, a huge midstream and utility company in the northeast/Midwest and parent of Columbia Gas, released their third quarter operations and financial update yesterday. They report income nearly doubled from a year ago (up 198%), and is on track to invest a massive $2 billion this year in upgrades and expansion projects. NiSource is a major midstream player in the Marcellus/Utica region through NiSource Midstream, Columbia Gas, Millennium Pipeline and Pennant Midstream–together what they consider their Columbia Pipeline Group (CPG).
Here’s relevant portions from yesterday’s update that concern the NiSource’s midstream operations in the Marcellus/Utica region: