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Stock impact report

NiSource signs long-term power deal with Alphabet, expands Amazon agreement [Yahoo! Finance]

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: Yahoo! Finance
The company also said it had expanded an agreement with Amazon to speed up ?power delivery to its sites and bring forward bill credits for households. • Big Tech firms have been scouring for new, reliable and cleaner energy sources to power their rapidly expanding data centers, which are being driven ?by the increasing use of ?artificial-intelligence applications. • GenCo is NiSource's model that supplies power to large customers using dedicated generation and market resources, ?while shielding existing customers from added costs and delivering system-wide savings. • The GenCo model aims to ensure existing customers benefit from new large users, ?with savings ?estimated at about $1.25 billion, or $90 to $115 ?a year per household. • NIPSCO ?and GenCo will provide generation and transmission infrastructure to serve data centers, with about 340 megawatts from a GenCo-owned portfolio supplemented by up to 175 megawatts of seasonal market purchases. • Lawmakers in Maine voted e Show less Read more
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