SEC Comment Letter for NISOURCE INC. (NI) (CIK 0001111711) (NI) — Sep 8, 2022
NISOURCE INC. (NI) (CIK 0001111711)
Date: Sept. 8, 2022 · CIK: 0001111711 · Accession: 0000000000-22-009812
AI Filing Summary & Sentiment
File numbers found in text: 001-16189
Letter
United States securities and exchange commission logo September 8, 2022 Donald E. Brown Chief Financial Officer NiSource Inc. 801 East 86th Avenue Merrillville, IN 46410 Re:NiSource Inc. Form 10-K for Fiscal Year Ended December 31, 2021 Response dated August 30, 2022 File No. 001-16189 Dear Mr. Brown: We have reviewed your August 30, 2022 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our July 21, 2022 letter. Response dated August 30, 2022 Risk Factors, page 14 1.We note the revised disclosure provided as part of your response to prior comment 2. Please further revise your disclosure to clarify how your use of fossil fuels may affect opinions with respect to your environmental practices (e.g., by increasing your cost of capital or limiting your access to capital markets). Management's Discussion and Analysis of Financial Condition and Results of Operations, page 2.From your response to prior comment 4, it appears that expenditures for projects that are considered “climate-related” are embedded in other disclosures regarding your capital expenditures. Please clarify for us how you considered providing disclosure that
FirstName LastNameDonald E. Brown Comapany NameNiSource Inc. September 8, 2022 Page 2 FirstName LastName Donald E. Brown NiSource Inc. September 8, 2022 Page 2 identifies capital expenditures for climate-related projects. 3.Your response to prior comment 5 states that you are not aware of any material specific indirect weather-related impacts on your suppliers. Please tell us how you considered providing disclosure regarding possible indirect financial and operational impacts to you from disruptions to the operations of your suppliers from severe weather. You may contact Michael Purcell at 202-551-5351 or Ethan Horowitz at 202-551- 3311 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: Kim Loies
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United States securities and exchange commission logo
September 8, 2022
Donald E. Brown
Chief Financial Officer
NiSource Inc.
801 East 86th Avenue
Merrillville, IN 46410
Re:NiSource Inc.
Form 10-K for Fiscal Year Ended December 31, 2021
Response dated August 30, 2022
File No. 001-16189
Dear Mr. Brown:
We have reviewed your August 30, 2022 response to our comment letter and have the
following comments. In some of our comments, we may ask you to provide us with information
so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
July 21, 2022 letter.
Response dated August 30, 2022
Risk Factors, page 14
1.We note the revised disclosure provided as part of your response to prior comment 2.
Please further revise your disclosure to clarify how your use of fossil fuels may affect
opinions with respect to your environmental practices (e.g., by increasing your cost of
capital or limiting your access to capital markets).
Management's Discussion and Analysis of Financial Condition and Results of Operations, page
35
2.From your response to prior comment 4, it appears that expenditures for projects that are
considered “climate-related” are embedded in other disclosures regarding your capital
expenditures. Please clarify for us how you considered providing disclosure that
FirstName LastNameDonald E. Brown
Comapany NameNiSource Inc.
September 8, 2022 Page 2
FirstName LastName
Donald E. Brown
NiSource Inc.
September 8, 2022
Page 2
identifies capital expenditures for climate-related projects.
3.Your response to prior comment 5 states that you are not aware of any material specific
indirect weather-related impacts on your suppliers. Please tell us how you considered
providing disclosure regarding possible indirect financial and operational impacts to you
from disruptions to the operations of your suppliers from severe weather.
You may contact Michael Purcell at 202-551-5351 or Ethan Horowitz at 202-551-
3311 with any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: Kim Loies