🟢 New in Current Filing Failure to adapt to advances in technology, including alternative energy sources, and changes in laws or regulations to support such advances in technology or alternative energy sources, and our ability to manage such related costs could make us less competitive. 🔒

🟢 New in Current Filing Increased dependency on technology may hinder our business operations and adversely affect our financial condition and results of operation if such technology fails. 🔒

🟢 New in Current Filing Our capital projects and programs subject us to construction and supply risks, and are subject to regulatory oversight, including requirements for permits, approvals and certificates from various governmental agencies. 🔒

🟢 New in Current Filing NISOURCE INC. 🔒

🟢 New in Current Filing Actions of activist stockholders could negatively affect our business and stock price and cause us to incur significant expenses. 🔒

🟢 New in Current Filing NISOURCE INC. 🔒

🔴 No Match in Current Filing We may not be able to complete the sale of a minority interest in NIPSCO on the expected timeline or at all. 🔒

🔴 No Match in Current Filing NISOURCE INC. 🔒

🔴 No Match in Current Filing Fluctuations in the price of energy commodities or their related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demands may have a negative impact on our financial results. 🔒

🔴 No Match in Current Filing NISOURCE INC. 🔒

🔴 No Match in Current Filing The COVID-19 pandemic has adversely impacted and may continue to adversely impact our business, results of operations, financial condition, liquidity and cash flows. 🔒

🔴 No Match in Current Filing The trading prices for our Equity Units, initially consisting of Corporate Units, and related treasury units and Series C Mandatory Convertible Preferred Stock, are expected to be affected by, among other things, the trading prices of our common stock, the general level of interest rates and our credit quality. 🔒

🔴 No Match in Current Filing The early settlement right triggered under certain circumstances and the supermajority rights of the Series C Mandatory Convertible Preferred Stock following a fundamental change, could discourage a potential acquirer. 🔒

🔴 No Match in Current Filing Our Equity Units, initially consisting of Corporate Units, and related Series C Mandatory Convertible Preferred Stock, and the issuance and sale of common stock in settlement of the purchase contracts and conversion of mandatory convertible preferred stock, may all adversely affect the market price of our common stock and will cause dilution to our stockholders. 🔒

🔴 No Match in Current Filing Capital market performance and other factors may decrease the value of benefit plan assets, which then could require significant additional funding and impact earnings. 🔒

🔴 No Match in Current Filing The Greater Lawrence Incident has materially adversely affected and may continue to materially adversely affect our financial condition, results of operations and cash flows and we may have continued financial liabilities related to the sale of the Massachusetts Business. 🔒

🔴 No Match in Current Filing Our settlement with the U.S. Attorney’s Office in respect of federal charges in connection with the Greater Lawrence Incident may expose us to further penalties, liabilities and private litigation, and may impact our operations. 🔒

🔴 No Match in Current Filing NISOURCE INC. 🔒

🟡 Modified Compliance with and changes in cybersecurity requirements have a cost and operational impact on our business, and failure to comply with such laws and regulations could adversely impact our reputation, results of operations, financial condition and/or cash flows. 🔒

🟡 Modified Our businesses are subject to various federal, state and local laws, regulations, tariffs and policies and a failure to comply with changes in, or new or different interpretations of, such laws, regulations, tariffs and policies could have an adverse impact on our business. 🔒

🟡 Modified Our businesses are regulated under numerous environmental laws and regulations. The cost of compliance with these laws and regulations, and changes to or additions to, or reinterpretations of the laws and regulations, could be significant, and the cost of compliance may not be recoverable. Liability from the failure to comply with existing or changed laws and regulations could have a material adverse effect on our business, results of operations, cash flows and financial condition. 🔒

🟡 Modified We may be unable to obtain insurance on acceptable terms or at all, and the insurance coverage we do obtain may not provide protection against all significant losses. 🔒

🟡 Modified The physical impacts of climate change and the transition to a lower carbon future are impacting our business and could materially adversely affect our results of operations. 🔒

🟡 Modified Aspects of the implementation of our electric generation strategy, including the timing of the retirement of our coal generation units or the addition of new generation resources, may be delayed and may not achieve intended results. 🔒

🟡 Modified We may not be able to execute our business plan or growth strategy, including utility infrastructure investments. 🔒

🟡 Modified We outsource certain business functions to third-party suppliers and service providers, and may be impacted by substandard performance or quality by third parties. 🔒

🟡 Modified Failure to attract, retain or re-skill an appropriately qualified workforce, and maintain good labor relations, could adversely impact safety, service reliability, and customer satisfaction. 🔒

🟡 Modified NISOURCE INC. 🔒

🟡 Modified Adverse economic and market conditions, including increases in inflation or interest rates, recession or changes in investor sentiment could materially and adversely affect our business, results of operations, cash flows, financial condition and liquidity. 🔒

🟡 Modified NISOURCE INC. 🔒

🟡 Modified Capital market performance and other factors may decrease the value of benefit plan assets, which then could require significant additional funding and impact earnings. 🔒

🟡 Modified Our distribution, transmission and generation activities involve a variety of inherent hazards and operating risks, including potential public safety risks. 🔒

🟡 Modified The actions of regulators and legislators could result in outcomes that may adversely affect our earnings and liquidity. 🔒

🟡 Modified We have significant goodwill. Any future impairments of goodwill could result in a significant charge to earnings in a future period and negatively impact our compliance with certain covenants under financing agreements. 🔒

🟡 Modified NISOURCE INC. 🔒

🟡 Modified We have substantial indebtedness which could adversely affect our financial condition. 🔒

🟡 Modified The impacts of natural disasters, acts of terrorism, acts of war, civil unrest, accidents, public health emergencies or other catastrophic events may disrupt operations and reduce the ability to service customers. 🔒

🟡 Modified Changes in tax laws or the interpretation thereof and challenges to tax positions could adversely affect our financial results. 🔒

🟡 Modified A cyber-attack or security breach on any of our or certain third-party technology systems, including but not limited to information systems, infrastructure, software and hardware, upon which we rely may adversely affect our ability to operate, could lead to a loss or misuse of confidential and proprietary information, or potential liability. 🔒

🟡 Modified Fluctuations in the price of energy commodities or their related transportation costs, or an inability to obtain an adequate, reliable and cost- effective fuel supply may impact our ability to meet customer demand. 🔒

🟡 Modified We currently conduct and may conduct in the future certain operations through a JV arrangement involving third- party investors that may result in operational impasses or litigation, including business delays as a result of such arrangements. 🔒

🟡 Modified NISOURCE INC. 🔒