Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
NiSource, a U.S. utility company, has secured a long-term energy supply agreement with an Alphabet subsidiary to power a major data center in northern Indiana. The announcement also included an expanded partnership with Amazon, aimed at accelerating power delivery to its facilities while moving up bill credits for residential customers.
The deals reflect a broader trend among Big Tech companies racing to secure reliable, clean energy sources as artificial intelligence continues to drive explosive growth in data center demand. To meet this need, NiSource is leveraging its GenCo model — a dedicated supply structure that serves large commercial customers through owned generation assets and market resources, without passing additional costs to existing utility customers.
Under the GenCo framework, approximately 340 megawatts will come from a GenCo-owned generation portfolio, with up to 175 megawatts of seasonal market purchases supplementing supply as needed. NIPSCO, NiSource's Indiana utility, will also provide the necessary transmission infrastructure to support these large-scale operations. Power delivery for Alphabet is expected to begin in summer 2026.
One of the most notable aspects of the GenCo model is its consumer benefit structure. Existing ratepayers are projected to see an estimated $1.25 billion in total system-wide savings, translating to roughly $90 to $115 annually per household. NiSource CEO Lloyd Yates noted that the latest Amazon agreement builds on a previously announced $1 billion in customer savings, reinforcing the company's commitment to balancing growth with affordability.
The announcements come as energy and policy debates around data centers intensify nationwide. Maine lawmakers recently voted to pause approvals for new large data centers over concerns that surging power demand could strain regional grids and raise household electricity costs — a tension NiSource's GenCo model is specifically designed to address.
