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NIPSCO president exits for new utility role

EditorEmilio Ghigini
Published 03/12/2024, 08:40 PM
© Reuters.
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MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NYSE:NI), a leading fully-regulated utility company in the United States, has announced the departure of Mike Hooper, president of its Indiana-based subsidiary Northern Indiana Public Service Company (NIPSCO). Hooper will leave his position on Wednesday to lead another utility company in the Midwest.

During his 13-year tenure with NiSource, Hooper played a significant role in advancing several long-term business initiatives, including the electric generation transition and infrastructure modernization. Melody Birmingham, NiSource executive vice president and group president utilities, expressed gratitude for Hooper's contributions and wished him well in his future endeavors.

Following Hooper's departure, Vince Parisi, currently the president and chief operating officer of another NiSource subsidiary, Columbia Gas of Ohio, will assume interim leadership responsibilities at NIPSCO. Parisi brings a wealth of experience to the role, having previously served as president of U.S. utilities for AES (NYSE:AES) Corp., as well as president and CEO of Indianapolis Power & Light Company and Dayton Power & Light Company. His background in electric operations and familiarity with Indiana's energy sector positions him as a suitable interim leader.

Parisi's appointment is expected to provide stability and continuity for NIPSCO as it continues to execute its electric generation transition and infrastructure investment plans. NiSource highlighted the importance of maintaining momentum in these areas for the company's future success.

NIPSCO has been a prominent energy provider in northern Indiana for over a century, currently serving approximately 859,000 natural gas and 483,000 electric customers across 32 counties. NiSource, NIPSCO's parent company, serves around 3.3 million natural gas customers and 500,000 electric customers through its local brands, including Columbia Gas and NIPSCO.

The information in this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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