NiSource(US:NI)2022-02-25 14:22Financial Performance - NiSource's 2021 Net Operating Earnings Per Share (NOEPS) reached $1.37, exceeding both original and updated guidance ranges[7] - The company reaffirmed its 2022 NOEPS guidance range of $1.42 to $1.48[7] - NiSource reaffirmed a 5-7% annual NOEPS growth for 2023 and a 7-9% Compound Annual Growth Rate (CAGR) from 2021 to 2024[7] - Capital expenditures for 2022 are expected to be between $2.4 billion and $2.7 billion[7] - As of December 31, 2021, NiSource's debt level was approximately $9.8 billion, including around $9.2 billion in long-term debt with a weighted average interest rate of 3.68%[17] Strategic Initiatives - NIPSCO submitted its 2021 Integrated Resource Plan (IRP) with a Preferred Plan that advances the retirement of all coal-fired generation during 2026-28[8] - Up to $750 million investment will be necessary to replace retiring coal-fired generation[8] - NiSource plans to reduce scope 1 greenhouse gas emissions by 90% by 2030, including a 50% reduction in methane emissions by 2025, compared to a 2005 baseline[41] - Planned renewable investments through 2023 total approximately $2.0 billion[41] Regulatory and Infrastructure - Final rate case orders were received in Pennsylvania, Kentucky, and Maryland[8] - NiSource has identified approximately $40 billion in long-term gas and electric infrastructure investment opportunities[24, 28]