They got the power, NiSource signs 20-year power deal with Microsoft for Indiana campus
Landon Capital News
NiSource Inc. (NI) has announced a 20-year energy agreement with Microsoft to supply approximately 1,100 MW of generation resources to a northwest Indiana data center campus, with service expected to begin in 2028.
Under the agreement, Microsoft will fully fund all generation and transmission infrastructure required to serve its load through NiSource’s generation subsidiary, NiSource Generation Company LLC (GenCo). The structure is designed to shield existing Northern Indiana Public Service Company LLC (NIPSCO) electric customers from incremental costs associated with serving the data center.
NiSource said the deal expands projected savings for existing NIPSCO electric customers to approximately $1.75 billion over the life of its data center contracts, up from a previously disclosed $1.4 billion figure. The company said this equates to as much as $140 per customer annually.
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