Nisource plans $1B annually in capital spending

Posted Feb. 2, 2010 at 8:33 a.m.

By Greg Burns | With demand flagging from steelmakers and other industrial customers, the Merrillville, Ind.-based Nisource reported a 45 percent drop in fourth-quarter earnings — but an aggressive goal for capital expenditures. You’ve got to spend money to make money, says CEO Robert Skaggs Jr. and the figure he has in mind is about $1 billion every year.

Read the full story: Burns on Business

 

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