Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

NIPSCO president exits for new utility role

EditorEmilio Ghigini
Published 03/12/2024, 08:38 AM
© Reuters.

MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NYSE:NI), a leading fully-regulated utility company in the United States, has announced the departure of Mike Hooper, president of its Indiana-based subsidiary Northern Indiana Public Service Company (NIPSCO). Hooper will leave his position on Wednesday to lead another utility company in the Midwest.

During his 13-year tenure with NiSource, Hooper played a significant role in advancing several long-term business initiatives, including the electric generation transition and infrastructure modernization. Melody Birmingham, NiSource executive vice president and group president utilities, expressed gratitude for Hooper's contributions and wished him well in his future endeavors.

Following Hooper's departure, Vince Parisi, currently the president and chief operating officer of another NiSource subsidiary, Columbia Gas of Ohio, will assume interim leadership responsibilities at NIPSCO. Parisi brings a wealth of experience to the role, having previously served as president of U.S. utilities for AES (NYSE:AES) Corp., as well as president and CEO of Indianapolis Power & Light Company and Dayton Power & Light Company. His background in electric operations and familiarity with Indiana's energy sector positions him as a suitable interim leader.

Parisi's appointment is expected to provide stability and continuity for NIPSCO as it continues to execute its electric generation transition and infrastructure investment plans. NiSource highlighted the importance of maintaining momentum in these areas for the company's future success.

NIPSCO has been a prominent energy provider in northern Indiana for over a century, currently serving approximately 859,000 natural gas and 483,000 electric customers across 32 counties. NiSource, NIPSCO's parent company, serves around 3.3 million natural gas customers and 500,000 electric customers through its local brands, including Columbia Gas and NIPSCO.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The information in this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.