Supplemental Slides 3 Q 2023 Results
KEY PRIORITIES
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Resilient Financial Commitments
Reiterating upper half of 2023 non-GAAP NOEPS1 of $1.54-$1.60 and initiating 2024 guidance of $1.68-1.72
Extending 6-8% annual non-GAAP NOEPS¹ growth to 2023-28
$16 billion 2024-2028 base plan capital expenditures support 8%-10% annual 2023-2028 rate base growth²
14-16% FFO/Debt³ annually through 2028
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Superior Regulatory & Stakeholder Foundation
NIPSCO electric rate case order received and implemented in August
NIPSCO gas rate case filed in October
Columbia Gas of Maryland rate case order received in October
Balance Sheet Flexibility
NIPSCO minority interest transaction FERC approval received in October & on track to close by year-end
Programmatic and Enduring Investment Plans Plus Upside Opportunities
Driven by safety, reliability, regulation, decarbonization, modernization
Diluted Net Operating Earnings Per Share (Non-GAAP)
Core business rate base growth; select years may exceed range
Funds from Operations / Debt (Non-GAAP)
Note: For the GAAP Diluted Earnings Per Share and GAAP Net Cash Flows from Operating Activities/Debt and the reconciliation of GAAP to non-GAAP diluted earnings per share and GAAP Net Cash Flows from Operating Activities/Debt to non-GAAP FFO/Debt, see Schedules 1 (A & B) and 3 in the appendix to this presentation
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