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NiSource10-K: Customer churn

Over 41% of commercial gas customers in Columbia Operations are buying from third-party suppliers.

What happened

Due to deregulation, a significant portion of NiSource's customers are choosing alternative suppliers, with 34.9% of residential and 41.1% of commercial customers in its Columbia Operations segment participating in choice programs. This indicates high competitive intensity and a risk of customer churn, creating a need for improved customer experience and retention strategies.

Source

SEC EDGARFeb 11, 2026

Annual report (Form 10-K)

NiSource 10-K for FY2025

Filing excerpt

Due to open access and the deregulation of natural gas supplies, our LDC customers can purchase gas directly from producers and marketers in an open, competitive market.

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: Customer churn

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

Numbers

Percent
41.1% (Percentage of commercial customers in Columbia Operations participating in third-party gas purchase programs.)

Details

CIK
1111711
Accession number
0001111711-26-000027
Timeframe
Current year
Filing year
2026
Why it matters
Customer success tools needed
Signal category
Revenue

Extraction

Confidence
High
Relevance
85%
Sentiment
Negative
Detected
Feb 17, 2026
signal_type
sec-10k
signal_subtype
customerChurn

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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/8bb0c7df-e2b2-4edb-914c-8e3356b108b9 returns this record as JSON. POST /v1/companies/enrich returns every signal for nisource.com.

{
  "signal_id": "8bb0c7df-e2b2-4edb-914c-8e3356b108b9",
  "signal_type": "sec-10k",
  "signal_subtype": "customerChurn",
  "detected_at": "2026-02-17T06:34:04.742+00:00",
  "company": {
    "name": "NiSource",
    "domain": "nisource.com"
  },
  "data": {
    "detail": "Due to deregulation, a significant portion of NiSource's customers are choosing alternative suppliers, with 34.9% of residential and 41.1% of commercial customers in its Columbia Operations segment participating in choice programs. This indicates high competitive intensity and a risk of customer churn, creating a need for improved customer experience and retention strategies.",
    "metrics": {
      "pct": 0.411,
      "timeframe": "current_year",
      "pct_context": "Percentage of commercial customers in Columbia Operations participating in third-party gas purchase programs."
    },
    "summary": "Over 41% of commercial gas customers in Columbia Operations are buying from third-party suppliers.",
    "excerpts": "Due to open access and the deregulation of natural gas supplies, our LDC customers can purchase gas directly from producers and marketers in an open, competitive market.",
    "relevance": 0.85,
    "sentiment": "negative",
    "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": "Customer success tools needed",
    "signal_category": "revenue"
  }
}

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