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NiSource signs contract with Eversource Energy.

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International Resource News-February 27, 2020--NiSource signs contract with Eversource Energy

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International Resource News - 27 February 2020

NiSource (NYSE: NI), a fully-regulated utility company in the United States, has signed a contract with United States-based Eversource Energy (NYSE: ES) to acquire Columbia Gas of Massachusetts' business.

According to the terms of the contract, Eversource will acquire, with certain additions and exceptions, substantially all of the assets of Columbia Gas of Massachusetts, a wholly-owned subsidiary of NiSource, and all of the assets held by any of Columbia Gas of Massachusetts' affiliates that primarily relate to the business of storing, distributing or transporting natural gas to residential, commercial and industrial customers in Massachusetts, as conducted by Columbia Gas of Massachusetts, and Eversource agreed to assume certain liabilities of Columbia Gas of Massachusetts and its affiliates. The liabilities assumed by Eversource do not include, among others, any liabilities for any fines imposed on Columbia Gas of Massachusetts arising out of any criminal proceeding relating to the Greater Lawrence Incident (as defined in the purchase agreement) or liabilities of Columbia Gas of Massachusetts or its affiliates pursuant to civil claims for injury of persons or damage to property to the extent such injury or damage occurs prior to the closing in...

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