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NiSource Reports First Quarter 2021 Results

Press release content from PR Newswire. The AP news staff was not involved in its creation.
NiSource Reports First Quarter 2021 Results
May 5, 2021 GMT
None
MERRILLVILLE, Ind., May 5, 2021 /PRNewswire/ NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended March 31, 2021 of $281.7 million, or $0.72 diluted earnings per share, compared to a net income available to common shareholders of $61.8 million, or $0.16 diluted earnings per share, for the same period of 2020.
NiSource also reported non-GAAP net operating earnings available to common shareholders of $304.8 million, or $0.77 diluted earnings per share, for the three months ended March 31, 2021, compared to non-GAAP net operating earnings available to common shareholders of $290.9 million, or $0.76 diluted earnings per share, for the same period of 2020. Schedule 1 of this press release contains a complete reconciliation of GAAP mea ....

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Renewable energy industry commits to Biden's 50 percent greenhouse gas reduction target

Daily Energy Insider
Published on April 23, 2021 by Chris Galford
© Shutterstock
At a virtual climate summit Thursday, President Joe Biden made the ambitious announcement of a new U.S. greenhouse gas pollution reduction target, aiming to cut 50 percent of emissions by 2030, when compared to 2005 levels.
In the wake of the news, the energy industry rallied behind the news, which would amount to more than double the country’s prior commitment under the 2015 Paris climate agreement. Although it would require major work in the energy and transportation sectors, major groups including the American Clean Power Association (ACP), American Gas Association (AGA), Edison Electric Institute (EEI) and Electric Power Research Institute (EPRI) all saw such goals within reach. ....

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EPRI CEO: U.S. Must Triple the Rate of Energy-Related Carbon Reduction to Achieve 2030 Goal

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PALO ALTO, Calif., April 22, 2021 /PRNewswire/ The Biden administration today pledged to reduce U.S. economy-wide carbon emissions to around 50 percent below 2005 levels by 2030. The goal amounts to a 2 gigaton (Gt) reduction in annual, energy-related U.S. carbon dioxide (CO
2) emissions by 2030 – triple the rate (3X) of carbon reduction achieved from 2005 to 2020, when annual emissions were reduced by 1 Gt.
In a statement today,
EPRI President and CEO Arshad Mansoor said, We know the timing, we understand the trajectory, and we have the technical expertise to get there. We must redouble collaboration across all stakeholders to accelerate an affordable and reliable clean energy transition. ....

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NiSource Joins Low-Carbon Resources Initiative, Developing Key Technologies For A Sustainable Future

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MERRILLVILLE, Ind., April 20, 2021 /PRNewswire/ NiSource Inc. (NYSE: NI) has joined the Low-Carbon Resources Initiative (LCRI), a five-year initiative to accelerate the development and demonstration of low-carbon energy technologies. LCRI s Research Vision focuses on technologies such as clean hydrogen, bioenergy and renewable natural gas needed to enable affordable pathways to economy-wide decarbonization.
The Low-Carbon Resources Initiative aligns with NiSource s commitment to affordable, dependable and sustainable energy, said Joe Hamrock, president and chief executive officer of NiSource. We are working closely with all of our stakeholders to ensure that our ongoing transition to more sustainable energy over the long term produces the best, most productive outcomes for all people and communities. We call this approach Your Energy, Your Future. ....

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EPRI, GTI Research Vision Identifies R&D Priorities to Accelerate Energy System Decarbonization

EPRI, GTI Research Vision Identifies R&D Priorities to Accelerate Energy System Decarbonization
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