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Microsoft-NiSource power deal makes data center customer fund its own generation

The 20-year contract, closed Oct. 19, adds roughly 1.1GW to NiSource's portfolio from 2028 and covers a northern Indiana data center.

At a glance

15-second brief
  • Microsoft's 20-year power deal with NiSource adds roughly 1.1GW to NiSource's portfolio from 2028.

  • The contract uses a large-load rate class that makes the customer fund its own generation and covers a northern Indiana data center; it closed Oct. 19, according to our records.

Microsoft's 20-year power deal with NiSource adds roughly 1.1GW to NiSource's portfolio from 2028.

The contract uses a large-load rate class that makes the customer fund its own generation and covers a northern Indiana data center; it closed Oct. 19, according to our records.

Enverus reports PJM holds the largest high-confidence large-load pipeline at 11.8 GW, with 58% expected to be served behind the meter. SPP has the most advanced framework but about 5% of the high-confidence pipeline, according to Enverus.

Canary Media reported Illinois passed a battery storage incentive program as data center demand rises, noting the state had built renewables toward its 2050 clean-energy mandate but had lagged on storage.

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Sources & further reading
Private Infrastructure Daily coverage · Private Infrastructure Daily records · Enverus · Canary Media
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