Question · Q3 2025
Nick Amiccuci from Evercore asked if approximately $0.08 per gigawatt (GW) is a reasonable rule of thumb for EPS accretion from Genco. He also inquired whether the EPC contract with Quanta is scalable beyond the initial 3 GW and if NiSource expects to provide incremental savings to end consumers as Genco grows.
Answer
CFO Shawn Anderson stated that no incremental guidance on EPS per gigawatt can be provided due to varying technology choices and construction timelines. EVP Michael Luhrs and CEO Lloyd Yates confirmed that the EPC partnership is structured for scalability to execute subsequent projects faster. CEO Lloyd Yates affirmed that the objective is to continue flowing back savings to retail customers as new customers utilize the transmission grid, enhancing affordability.