Did Microsoft Power Deal Just Shift NiSource (NI) Investment Narrative?

NiSource announced a long term 20 year energy agreement with Microsoft for a northwest Indiana data center campus, with Microsoft fully funding about 1,100 MW of new generation and related transmission. NiSource is structuring the service to shield existing NIPSCO customers from incremental costs. The Microsoft deal lifts total expected NIPSCO electric customer savings to about US$1.75b over the life of data center contracts. This signals how NiSource is using large load agreements to...