Sep. 4 at 7:42 PM
NiSource shares fell over 6% Thursday, their sharpest drop in five months, as uncertainty grew around a proposed spinoff of NIPSCO’s data-center unit GenCo. Two Indiana utility commissioners announced early resignations just before an expected ruling, reducing chances of near-term approval, according to Citi Research, which rates NiSource Neutral with a
$44 target. Further uncertainty came after Gov. Mike Braun replaced the head of the Office of Utility Consumer Counselor, directing tougher scrutiny of utility profits. NiSource closed at
$39.37, while the S&P 500 gained 0.4%.
$NI