Nisource inc. announces federal energy regulatory commission approval of sale of 19.9% equity interest in nipsco

Merrillville, ind.--(business wire)--nisource inc. (nyse: ni) (“nisource”) announced today the federal energy regulatory commission (ferc) granted approval of the acquisition of a 19.9% equity interest in the company's northern indiana public service company llc (nipsco) subsidiary by an affiliate of blackstone infrastructure partners (nyse: bx). as previously announced, upon closing of the transaction, the blackstone affiliate will acquire a 19.9% equity interest in nipsco holdings ii llc, whi.
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