Mizuho Analyst's questions to NiSource Inc (NI) leadership • Q1 2025
Question
An analyst from Mizuho Securities questioned the recent uptick in O&M expenses and asked about the expected run rate, considering the impact of Project Apollo savings.
Answer
Executive Shawn Anderson reaffirmed the expectation for flat year-over-year O&M at around $1.4 billion, a level maintained since 2016. He explained that Project Apollo's efficiencies help offset strategic investments in areas like vegetation management, which can cause quarterly fluctuations but balance out annually.