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NiSource Inc. (NI) is an energy holding company.
The firm provides natural gas, electricity, and other products and services.
It operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations.
The Gas Distribution Operations segment offers natural gas service and transportation to residential, commercial, and industrial customers. As of December 31, 2013, it owned and operated a total of 58,146 miles of pipelines and related facilities. This segment serves approximately 3.4 million customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana, and Massachusetts.
The Columbia Pipeline Group Operations segment provides gas transportation and storage services for local distribution companies, marketers, and industrial and commercial customers located in northeastern, mid-Atlantic, midwestern, and southern states, as well as in the District of Columbia. As of December 31, 2013, it owned and operated approximately 14,780 miles of natural gas transmission pipelines. This segment also operates underground natural gas storage systems capable of storing approximately 642 billion cubic feet of natural gas.
The Electric Operations segment generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services. It serves approximately 460,000 customers in 20 countries in the northern part of Indiana; and operates 3 coal-fired electric generating stations with a net capability of 2,540 megawatts (MW), 4 gas-fired generating units with a net capability of 206 MW, and 2 hydroelectric generating plants with a net capability of 10 MW, as well as a combined cycle gas turbine plant with a capacity of 535 MW.
Shares have formed a bullish "flag" after it announced its intention to spin off its natural gas pipeline business, forming a new master limited partnership called Columbia Pipeline Partners LP. The spin off is expected to take place in mid-2015. Higher share prices are expected for this stock.
52-Week Trading Range: $30.09 - $41.70
Entry Point: $41.50
Stop Loss: $39.40
Target Price: $45.65
We are taking profits on NI at $42.33 after its 30 days expired with reaching our target price!
