NiSource Hosts Annual Supplier Day Event
Company continues to strengthen collaborative supplier partnerships
COLUMBUS, Ohio–(BUSINESS WIRE)–NiSource Inc. (NYSE: NI), one of the leading fully regulated utilities in the United States, held its annual Supplier Day event yesterday, showcasing the company’s commitment to strong working relationships with a number of key suppliers. The company also recognized several suppliers with year-end awards for their work in helping NiSource honor its vision of being an innovative and trusted energy partner.
With more than 50 suppliers in attendance, NiSource senior leaders shared the company’s plan for growth and development and the important role suppliers will play as valued partners. NiSource CEO Lloyd Yates said the company’s success will depend heavily on a strong collaborative environment with its suppliers.
“Our organization aims to grow by strengthening relationships with existing suppliers and establishing partnerships with new ones,” Yates said. “We value an extensive, diverse network of suppliers and believe their partnership with our company helps to aid in the growth and development of an inclusive environment that benefits our customers, employees and communities.”
NiSource discussed with its partners an overview of the organization’s construction, technology and development plans, key objectives, significant policies, and future strategic initiatives.
During the event, NiSource presented six Supplier Awards to recognize the significant contributions made by suppliers in essential areas:
- NiSource Safety Supplier of the Year: The Robert Henry Corporation
- NiSource Diverse Supplier of the Year: HEI Utility Contractors
- NiSource Sustainability Supplier of the Year: Picarro
- NiSource Cybersecurity Supplier of the Year: SHI International
- NiSource Innovative Supplier of the Year: Picarro
- NiSource Supplier of the Year: CJ Hughes Construction Co
Following an insightful and inspiring day, NiSource leadership reaffirmed the company’s commitment to prioritize the social and economic prosperity of their customers, employees and the communities they serve.
“The vital role our suppliers play in delivering reliable and high-quality services to our customers cannot be overstated,” said Senior Vice President and Chief Procurement & Corporate Services Officer, Sandra Brummitt. “We appreciate our suppliers who have developed strong partnerships, shown unwavering dedication and displayed a proactive approach to achieving excellence as we provide essential services to our communities. NiSource’s 2023 awards demonstrate our gratitude towards the suppliers identified by our business partners for delivering meaningful value.”
About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,200 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability – North America Index and is on Forbes lists of America’s Best Employers for Women and Diversity. Learn more about NiSource’s record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com. NI-F
Forward-Looking Statements
This press release contains “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, and any and all underlying assumptions and other statements that are other than statements of historical fact. Expressions of future goals and expectations and similar expressions, including “may,” “will,” “should,” “could,” “would,” “aims,” “seeks,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “predicts,” “potential,” “targets,” “forecast,” and “continue,” reflecting something other than historical fact are intended to identify forward-looking statements. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially.
Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this press release include, among other things, our ability to execute our business plan or growth strategy, including utility infrastructure investments; potential incidents and other operating risks associated with our business; our ability to adapt to, and manage costs related to, advances in, or failures of, technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and natural gas costs and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demands; the attraction and retention of a qualified, diverse workforce and ability to maintain good labor relations; our ability to manage new initiatives and organizational changes; the actions of activist stockholders; the performance of third-party suppliers and service providers; potential cybersecurity-attacks; increased requirements and costs related to cybersecurity; any damage to our reputation; any remaining liabilities or impact related to the sale of the Massachusetts Business; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals; our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; any adverse effects related to our equity units; adverse economic and capital market conditions or increases in interest rates; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; continuing and potential future impacts from the COVID-19 pandemic; economic conditions in certain industries; the reliability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; potential remaining liabilities related to the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and the costs of associated liabilities; changes in taxation; and other matters set forth in Part I, Item 1, “Business,” Item 1A, “Risk Factors” and Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” of the company’s annual report on Form 10-K for the year ended December 31, 2022, and matters set forth in our quarterly reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, some of which risks are beyond our control.
All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law.
Contacts
Media
Reggie Fields
Corporate Media Relations
(614) 537-7943
