Attached files
| file | filename |
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| 8-K - FORM 8-K - NISOURCE INC. | c66072e8vk.htm |
Exhibit 99.1
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 801 E. 86th Avenue Merrillville, IN 46410 |
September 1, 2011
FOR ADDITIONAL INFORMATION
Media
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Investors | |
Mike Banas
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Randy Hulen | |
Communications Manager
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Managing Director, Investor Relations | |
(219) 647-5581
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(219) 647-5688 | |
mbanas@nisource.com
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rghulen@nisource.com |
Leadership change announced
at NiSource Gas Transmission & Storage
at NiSource Gas Transmission & Storage
Helms retiring; Staton to advance growth agenda
MERRILLVILLE, Ind. —NiSource Inc. (NYSE: NI) President & CEO Robert C. Skaggs Jr. today
announced a leadership change at NiSource Gas Transmission and Storage (NGT&S) following the
announcement by Executive Vice President and Group CEO Christopher A. Helms that he has decided to
retire from the company.
Skaggs said that, effective immediately, Jimmy D. Staton, a NiSource executive with an extensive
background in the natural gas business, will assume responsibility for leading the company’s NGT&S
units, which include Columbia Gas Transmission LLC, Columbia Gulf Transmission Co. and Crossroads
Pipeline Co. Staton also will be responsible for NiSource Energy Ventures, which includes the
company’s midstream business, as well as the company’s partnership interests, Millennium Pipeline
and Hardy Storage Co.
Staton currently serves as executive vice president and group CEO of NiSource’s Indiana gas and
electric utility business, which includes Northern Indiana Public Service Company (NIPSCO), as well
as the company’s Gas Distribution business unit. With this
change, Staton continues to have responsibility for NiSource’s Indiana utility business, while
Skaggs assumes responsibility for NiSource’s gas distribution business.
Helms has led NGT&S since 2005, helping position the company to pursue an array of growth and
expansion investment opportunities.
“Chris brought a strong, market-driven focus to our pipeline and storage business, helping better
position our company to pursue a wide array of attractive, investment-driven growth initiatives,”
Skaggs said. “I join our entire team in thanking Chris for his contributions and wishing him well.”
(more)
NGT&S Leadership
September 1, 2011
Page 2 of 2
September 1, 2011
Page 2 of 2
“I am tremendously proud of our team’s accomplishments at NGT&S, and deeply appreciative of
the opportunity to work with such a talented and dedicated group of people,” Helms said. “Although
my work is done, I know NGT&S is poised to deliver even more outstanding results for our
shareholders, customers and the communities we serve.”
Commenting on Staton’s appointment, Skaggs noted that, “Jimmy brings to this role a strong track
record of advancing key commercial, regulatory and infrastructure enhancement strategies. I’m
confident that he and the NGT&S team will continue to develop collaborative and creative solutions
that benefit our customers, our team and NiSource as a whole.”
Focus on NGT&S Growth Agenda
In his new role, Staton will focus on advancing the NGT&S strategy to:
| • | Deliver customer value and earnings growth by leveraging NiSource’s strategic asset base, including the company’s strong footprint in shale production areas |
| • | Enhance system reliability and integrity |
| • | Improve customer focus and overall stakeholder engagement |
| • | Strengthen organizational capability |
Staton reports to Skaggs and serves as a member of NiSource’s executive council. He
began his energy industry career as a petroleum engineer at the Federal Energy Regulatory
Commission. After leaving the public sector, Staton held several rate, regulatory and strategic
planning positions with Arkla Energy Resources and Consolidated Natural Gas Company. In 2000,
Staton was named Senior Vice President, Electric Delivery for Dominion Resources Inc., and later
became Senior Vice President, Delivery Operations.
Staton joined NiSource in 2008 as Executive Vice President and Group CEO for the company’s Gas
Distribution business, and assumed responsibility for the company’s Indiana gas and electric
operations in 2010. He holds professional memberships with a number of associations, including the
American Gas Association and the Southern Gas Association. He earned a B.S. degree in Petroleum
Engineering from Louisiana State University in 1983.
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 3.7 million customers located within
the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England.
Together, NiSource’s gas transmission and storage companies operate a 15,000-mile network of
natural gas pipelines, 37 storage fields and serve some of the nation’s largest and fastest-growing
energy markets in the Northeast, Midwest and Mid-Atlantic regions. Information about NiSource and
its subsidiaries is available via the Internet at www.nisource.com. NI-F
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