NiSource Conducts 2010 Meeting of Stockholders

INDIANAPOLIS, May 11 /PRNewswire-FirstCall/ -- NiSource Inc.'s (NYSE: NI) 2010 annual meeting of stockholders, conducted today in Indianapolis, highlighted the company's 2009 performance and outlined its ongoing plan for delivering shareholder value through disciplined, long-term, infrastructure investments.

In a presentation to stockholders attending the meeting, available on nisource.com, NiSource President and Chief Executive Officer Robert C. Skaggs, Jr., discussed the corporation's key 2009 accomplishments and outlined 2010 regulatory and infrastructure-investment priorities.  

"Despite facing significant economic headwinds in 2009, NiSource's portfolio of regulated companies – in all-out execution mode – successfully delivered on our core commitments, including increasing shareholder value, meeting financial targets and materially enhancing our credit profile," Skaggs noted. "Ultimately, we entered 2010 a stronger and more robust company."

Skaggs outlined NiSource's deep inventory of revenue-generating investment opportunities, as well as the company's commitment to corporate sustainability.  

"Establishing a legacy of sustained economic growth, social responsibility, and environmental stewardship is essential to our long-term aspiration of becoming North America's premier regulated energy company," Skaggs said.  

At the meeting, stockholders re-elected 11 directors to one-year terms in office. Current Board of Directors members Richard A. Abdoo, Stephen C. Beering, Dennis E. Foster, Michael E. Jesanis, Marty R. Kittrell, Lee Nutter, Debora S. Parker, Ian M. Rolland, Robert C. Skaggs, Jr., Richard L. Thompson, and Carolyn Y. Woo, were re-elected.

In addition, NiSource stockholders voted in line with the Board's recommendations on all other matters.  

About NiSource

NiSource Inc. (NYSE: NI), based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. NiSource operating companies deliver energy to 3.8 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at nisource.com. NI-F

Forward-Looking Statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of NiSource and its management. Although NiSource believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Readers are cautioned that the forward-looking statements in this news release are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the following: weather; fluctuations in supply and demand for energy commodities; growth opportunities for NiSource's businesses; increased competition in deregulated energy markets; the success of regulatory and commercial initiatives; dealings with third parties over whom NiSource has no control; actual operating experience of NiSource's assets; the regulatory process; regulatory and legislative changes; the impact of potential new environmental laws or regulations; the results of material litigation; changes in pension funding requirements; changes in general economic, capital and commodity market conditions; and counter-party credit risk, and the matters set forth in the "Risk Factors" section in NiSource's 2009 Form 10-K, many of which risks are beyond the control of NiSource. NiSource expressly disclaims a duty to update any of the forward-looking statements contained in this release.

SOURCE NiSource Inc.

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