NiSource (NI) filed a registration statement with the SEC in connectiong with its previously announced natural gas pipeline spinoff called Columbia Pipeline Group (CPGX). TCPGX is expected to be spun off in mid-2015 and will include Columbia Pipeline Partners LP (CPPL), Columbia Gas Transmission, Columbia Gulf Transmission, Columbia Midstream Group (formerly NiSource Midstream Services) and other current NiSource natural gas pipeline, storage and midstream holdings.
NiSource’s recent carve-out, Columbia Pipeline Partners, priced its IPO on 2/5. Its ~$1 billion IPO is the largest IPO so far in the year. Source
