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Sign InNiSource (NI) has announced strategic energy infrastructure agreements with Google and Amazon to support AI data centers in Indiana, with projected total savings of $1.25 billion. Energy delivery for Alphabet's northern Indiana data center is expected to commence in the summer of 2026, following an agreement signed through an Alphabet subsidiary. Currently, Google is developing two separate data center campuses in Indiana to bolster its infrastructure capacity. NiSource is utilizing its 'GenCo' model to facilitate these agreements, ensuring energy provision for AI workloads without raising costs for existing customers. This expansion comes amid projections that global data center power demand will surge 220% by 2030. While surging AI demand remains a primary growth catalyst, emerging concerns regarding the company's financial strength and recent insider selling have kept NiSource's balance sheet under investor scrutiny.