A glance at NiSource’s second quarter earnings tells a lot aboutwhy it’s looking to Columbia for help. While Columbia won praisefrom analysts for beating second quarter earnings expectations witha 15% jump in net income to $26.1 million, or 32 cents per share,it’s hostile suitor NiSource struggled and fell short of WallStreet expectations by $0.03/share, reporting a 22% drop in netincome to $22.9 million or $0.18/share, from $29.5, or $0.24/sharein 2Q98.
Praise
Articles from Praise
Disappointment, Hope in Administration Proposal
The Clinton Administration’s electric restructuring proposalreleased this week faced immediate praise and vilification bylobbyists and legislators. “I appreciate the apparent progress onthe Administration taking a position,” said Sen. Frank H. Murkowski(R-Alaska), chairman of the Senate Committee on Energy and NaturalResources. “But the devil’s in the details-and we don’t yet havethe details since DOE has yet to provide Congress with its specificlegislative proposal.” When that is provided “we can begin holdinghearings on their measure and the other bills before the EnergyCommittee,” he added
March 27, 1998
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