US-based utility NiSource has completed the sale of a 19.9% indirect equity interest in Northern Indiana Public Service Company (NIPSCO) to an affiliate of Blackstone for $2.16bn. Blackstone will also contribute an additional $250m equity investment for ongoing capital requirements. The transaction is expected to benefit NIPSCO’s ability to serve customers, strengthen its balance sheet, and fund ongoing capital needs. The funds will be used to support the transition from coal-fired electricity to renewable generation, and support the growth and development of NIPSco’s gas and electric transmission and distribution systems.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







