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Stock impact report

NiSource lapses led to deadly Massachusetts blast: federal agency [Reuters]

NiSource Inc (NI) 
Last nisource inc earnings: 2/26 08:57 pm Check Earnings Report
US:NYSE Investor Relations: nisource.com/investors
Company Research Source: Reuters
NiSource lapses led to deadly Massachusetts blast: federal agency | Reuters 3 Min Read (Reuters) - The National Transportation Safety Board said on Thursday that utility company NiSource Inc failed to adequately draft and oversee natural gas pipeline work orders and those lapses led to deadly blasts in three Massachusetts communities in September. The federal regulator said in a review of how Columbia Gas Co of Massachusetts, a subsidiary of NiSource, handled pipeline repair work that better construction orders could have prevented the disaster. Explosions and fires that killed one person, injured 21 and damaged 131 buildings erupted as Columbia Gas was replacing cast-iron pipe with plastic lines. Utilities have told state regulators that thousands of miles of natural gas pipelines in Massachusetts are leak-prone and need repairs. The National Transportation Safety Board said that a field engineer who developed the work orders told investigators that he did not recognize the critical Show less Read more
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