Who owns NIPSCO?
NIPSCO is owned by NiSource (the United States, NYSE: NI).[1]
Evidence: NiSource Inc. Annual Report on Form 10-K filed 2026-02-11, SEC EDGAR, 11 February 2026. Verified from filings; last checked .
Key facts
- Current owner
- NiSource Inc. verified
- Owner HQ
- 🇺🇸 United States
- Origin
- 🇺🇸 United States
- Category
- Energy › Power & utilities › Electric utilities
- Parent ticker
- NYSE: NI
- Last verified
- · 1 sources
About NIPSCO
NIPSCO is a combined gas and electric utility. NiSource's 2025 10-K says NIPSCO Holdings I owns a controlling interest in it and that NIPSCO Holdings II, the sole owner of NIPSCO, offered equity interests to an affiliate of Blackstone under a purchase agreement dated 17 June 2023.
What NiSource's annual report says about NIPSCO
Sentences about NIPSCO from NiSource's latest annual filing[1], copied word for word.
NiSource's principal subsidiaries include NiSource Gas Distribution Group, Inc. (a holding company that owns Columbia of Kentucky, Columbia of Maryland, Columbia of Ohio, Columbia of Pennsylvania, and Columbia of Virginia), and NIPSCO Holdings I (a holding company that owns a controlling interest in NIPSCO, a gas and electric utility).
In 2025, we entered into the ADS Contract, a customized agreement under which NIPSCO will provide electric service to ADS by procuring power from GenCo, which will develop related generation assets, and we expect our data center operations to continue to grow.
NIPSCO Operations NIPSCO Operations includes the results of NIPSCO Holdings I and its majority-owned subsidiaries, including NIPSCO, which has fully regulated gas and electric operations in northern Indiana.
How often NiSource names NIPSCO in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named more often than it was three years earlier.
Ownership timeline of NIPSCO
Where NIPSCO sits in NiSource
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full NiSource ownership tree →
See the full NiSource brand portfolio (2) →
Other brands owned by NiSource
NiSource controls 2 brands on Brandtree, 2 of them in energy.
Also in energy
Other brands in electric utilities, and who owns them
The 47 brands in electric utilities on Brandtree belong to 30 owners. The largest is Exelon, with 6.
| Brand | Owner | Owner based in |
|---|---|---|
| Atlantic City Electric | Exelon | 🇺🇸 United States |
| Caribbean Utilities Company | Fortis | 🇨🇦 Canada |
| Alabama Power | Southern Company | 🇺🇸 United States |
| Empire District Electric | Algonquin Power | 🇨🇦 Canada |
| Chubu Electric Power | Chubu Electric Power | 🇯🇵 Japan |
| Dominion Energy South Carolina | Dominion Energy | 🇺🇸 United States |
| Kentucky Utilities | PPL | 🇺🇸 United States |
| Wisconsin Electric Power Company | WEC Energy Group | 🇺🇸 United States |
About the owner: NiSource
NiSource is a publicly listed company headquartered in United States. Brandtree records 2 brands under its control, and it is listed as NYSE: NI.
NiSource's 2025 Form 10-K says it is an energy holding company whose primary subsidiaries are regulated gas and electric utilities serving about 3.8 million customers in six states. Its Columbia Operations segment covers Columbia of Kentucky, Maryland, Ohio, Pennsylvania and Virginia, and NIPSCO Holdings I holds a controlling interest in NIPSCO, and an affiliate of Blackstone agreed in 2023 to take equity interests in NIPSCO Holdings II.
🇺🇸 NIPSCO and other American brands
Brandtree records a controlling owner for 2,399 brands that began in the United States. 461 of them (19%) are now controlled by a company headquartered in another country; NIPSCO is not one of them.
- AES Ohio — AES 🇺🇸
- Agway Energy Services — Suburban Propane 🇺🇸
- Alabama Power — Southern Company 🇺🇸
- AmeriGas — UGI 🇺🇸
- American Transmission Company — WEC Energy Group 🇺🇸
- Arch Resources — Core Natural Resources 🇺🇸
Frequently asked questions
Who is the parent company of NIPSCO?
The parent company of NIPSCO is NiSource, a publicly listed company headquartered in the United States.
Is NIPSCO American?
Yes. NIPSCO originated in the United States and its owner, NiSource, is also headquartered in the United States.
Is NIPSCO still owned by NiSource?
Yes. As of 11 October 2026, NIPSCO is still owned by NiSource. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] NiSource Inc. Annual Report on Form 10-K filed 2026-02-11 — SEC EDGAR, SEC Form 10-K, published 11 February 2026; retrieved 5 October 2026.
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