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:
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