COVID-19 Supplemental Investor Update May 26, 2020
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws. Investors and prospective investors should understand that many factors govern whether any forward-looking…
Primary Focus on Customer and Employee Safety and Health Following CDC and local guidelines intended to ensure the health and safety of our employees and customers Activated Incident Command Structure to coordinate strategy,…
Rate Design and Recovery Mechanisms/Trackers Help Mitigate Impacts % Retail Margins by Customer Class Expected Customer Demand (During State Shutdowns) 9% 15% Lower commercial and industrial sales 26% 22% Increased residential…
COVID-19 Weather Normalized April Volume Impacts As an off peak monthApril sales volumes are less than 8% of total annual volumes for both gas and Gas and Electric Margin Impact by electric Customer Class (M) April 2020 vs. April…
Actions Underway to Mitigate 2020/2021 Headwinds from COVID-19 COVID-19 Impact Base Case Assumptions Customer load and demand changes highly concentrated in 2020 during Estimated COVID Related state shutdowns; assumes current state…
Reopening Progress for Each State of Operation Ohio May 19: Stay at home no longer an Virginia June 10: Stay at home expires order, only a recommendation Phase 1: May 15 retail, outdoor May 12: retail dining, worship at 50%…
Constructive Regulatory Approaches to COVID-19 Company Status Petition filed with IURC on May 8, 2020 for deferral of expenses and lost revenues, seeking NIPSCO to establish a bad debt tracker. Order requested by July 15th.…
Monitoring Health & Economic Indicators to Inform Mitigation Strategy Public Health Macroeconomic Internal perspectives May dictate need to redeploy shelter- Looking for consumer confidence, NiSource is well positioned for in-place…
Key Takeaways Continued Focus on Customer and Employee Safety and Health Currently no Significant Impacts to Supply Chain or Operating Activities Proactively Managing Impacts to our Business Plan O&M Reductions Underway…
Appendix: COVID-19 Update
Bad Debt Recovery Mechanisms Bad Debt Expense Tracked Company Included in Base Incremental Tracked Filing Rates* Expense Frequency Gas Distribution NIPSCO Gas Yes Gas cost only Quarterly Columbia Gas of Ohio Yes Gas cost and…
Revenue and Weather Normalization Mechanisms Revenue Decoupling/ Weather Company Normalization Normalization Gas Distribution NIPSCO Gas None None Straight Fixed Variable Rates for Columbia Gas of Ohio None Residential and…
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