Comparing

Lower Expenses, Debt Lead to Solid Quarter for NiSource

In its first report comparing the full effects of its merger with Columbia Energy Group, NiSource Inc. reported a 33% increase in first quarter net income to $242.2 million, or $1.18 per share, led by a favorable hedging program in its gas production and merchant division, reduced debt and reduced expenses that offset the negative impacts of very warm weather.

April 29, 2002
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