NiSource announces long-term agreement with Microsoft expected to increase customer savings and support Indiana’s economic growth
Business Wire•16/10/2026•07:15 ET
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Key Highlights
- ➤Customer savings rise to approximately $1.75 billion over data-center contracts
- ➤Microsoft agreement begins in 2028 under a 20-year electric-service term
- ➤Approximately 1,100 MW of generation and transmission resources added for load
- ➤GenCo contracts 600 MW of battery storage under a long-term tolling agreement
- ➤Microsoft fully funds generation and transmission required to serve its load
Expert Statements
Lloyd Yates, President and CEO of NiSource
“Affordability is not separate from economic development; it is a key pillar of our GenCo model.”
Lloyd Yates, President and CEO of NiSource
“This agreement reflects the balanced approach we believe is needed for Indiana to attract significant investment and create long-term jobs,”
Lloyd Yates, President and CEO of NiSource
“Our priority remains clear: protect existing customers, support safe and reliable service, and ensure that new growth contributes tangible benefits to the communities we serve.”
Lloyd Yates, President and CEO of NiSource
“When structured correctly, economic development can be part of the affordability solution.”
Jeff Riles, Senior Director of Energy Markets, Microsoft
“Microsoft has always been committed to paying our own way and identifying long-term solutions like this one to ensure that our data centers don't increase electricity prices for other ratepayers,”
Jeff Riles, Senior Director of Energy Markets, Microsoft
“Our partnership with NIPSCO will not only support continued growth and protect ratepayers but also help to support a reliable grid for years to come that the communities of Northern Indiana rely on.”
NiSource announces long-term agreement with Microsoft expected to increase customer savings and support Indiana’s economic growth
Total savings for existing customers expands to approximately $1.75 billion
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