- NiSource (NYSE:NI) is planning a sale of Columbia Gas of Massachusetts, the subsidiary responsible for deadly pipeline explosions last year, Bloomberg reports.
- NI received bids this month from rival utilities for the division, which could fetch ~$2B, according to the report.
- NI said last month it is potentially facing more than $1B in claims from last year's Merrimack Valley gas explosions, which killed one person and injured more than two dozen.
- Columbia Gas of Massachusetts is one of the state's largest distributors of natural gas, with 323K customers.