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NiSource10-K: Capex increase

NiSource launches major new business to power Amazon (ADS) data centers, requiring new generation assets.

What happened

In 2025, NiSource's subsidiary NIPSCO entered a contract with Amazon Data Services (ADS) to provide electricity, necessitating the development of new generation assets by its GenCo subsidiary. This represents a significant new growth area and a major capital investment cycle to build out power capacity for the expanding data center market.

Source

SEC EDGARFeb 11, 2026

Annual report (Form 10-K)

NiSource 10-K for FY2025

Filing excerpt

In 2025, we entered into the ADS Contract, a customized agreement under which NIPSCO will provide electric service to ADS by procuring power from GenCo, which will develop related generation assets, and we expect our data center operations to continue to grow.

sec.gov/Archives/edgar/data/1111711/000111171126000027/nix-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Capex increase

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 11, 2026

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The full record

From the Signal API record

Details

CIK
1111711
Accession number
0001111711-26-000027
Timeframe
Current year
Filing year
2026
Why it matters
Budget available
Signal category
Financial

Topics and mentions

Vendors

  • Amazon Data Services
  • Inc.

Vendors named

  • Amazon Data Services, Inc.

Extraction

Confidence
High
Relevance
95%
Sentiment
Positive
Detected
Feb 17, 2026
signal_type
sec-10k
signal_subtype
capexIncrease

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/dffbfabc-d566-4d71-8bc7-cc873720636d returns this record as JSON. POST /v1/companies/enrich returns every signal for nisource.com.

{
  "signal_id": "dffbfabc-d566-4d71-8bc7-cc873720636d",
  "signal_type": "sec-10k",
  "signal_subtype": "capexIncrease",
  "detected_at": "2026-02-17T06:34:04.742+00:00",
  "company": {
    "name": "NiSource",
    "domain": "nisource.com"
  },
  "data": {
    "detail": "In 2025, NiSource's subsidiary NIPSCO entered a contract with Amazon Data Services (ADS) to provide electricity, necessitating the development of new generation assets by its GenCo subsidiary. This represents a significant new growth area and a major capital investment cycle to build out power capacity for the expanding data center market.",
    "metrics": {
      "timeframe": "current_year"
    },
    "summary": "NiSource launches major new business to power Amazon (ADS) data centers, requiring new generation assets.",
    "excerpts": "In 2025, we entered into the ADS Contract, a customized agreement under which NIPSCO will provide electric service to ADS by procuring power from GenCo, which will develop related generation assets, and we expect our data center operations to continue to grow.",
    "relevance": 0.95,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1111711/000111171126000027/nix-20251231.htm",
    "filing_date": "2026-02-11",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Budget available",
    "signal_category": "financial",
    "vendors_mentioned": [
      "Amazon Data Services, Inc."
    ]
  }
}

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