NiSource Lands 20-Year Microsoft Power Deal for Indiana Data Center
MSFT sits 55% above its 52-week low of $349.2.
Summary
Microsoft signed a 20-year electric service agreement with NiSource to power its Indiana data center campus, with service starting in 2028. Microsoft will fully fund the generation and infrastructure required for its load, a structure designed to shield existing Northern Indiana Public Service customers from incremental costs. NiSource now projects about $1.75 billion in total NIPSCO customer savings across all its data center contracts, up from $1.4 billion before this deal. For Microsoft, this is another long-dated power procurement underpinning the AI infrastructure buildout that drove FY26 capex to $115.9 billion and a guided ~$190 billion for 2026. NiSource is the more direct beneficiary of the contract economics, while Microsoft secures dedicated capacity for its data center expansion.
At the time of this announcement, MSFT was trading at $541.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $4T. The 52-week trading range was $349.20 to $553.72. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.