NiSource (NI) Q4 2019 Earnings Call Transcript

NiSource (NI) Q4 2019 Earnings Call Transcript

[Operator instructions] As a reminder, this conference call is being recorded.. In addition to agreeing to pursue the sale of the Columbia Gas of Massachusetts assets, we have also agreed to pay a $53 million criminal fine.. Our focus across NiSource is on enhancing safety, service and system reliability through implementation of our safety management system, infrastructure modernization and advanced workforce training programs.. Now turning to our results for the quarter and the year.. As we look back at 2019, it was a year in which our team's performance demonstrated the resiliency of the NiSource business plan.. Our employees remained relentlessly focused on safety and customer satisfaction, starting with the accelerated implementation of our Safety Management System, as well as advancing our electric generation strategy in Indiana and executing on nearly $1.9 billion in capital investments centered on infrastructure and safety in our gas and electric systems.. We also delivered non-GAAP net operating earnings per share of $1.32, near the top of our guidance range for the year, while maintaining our current investment-grade credit ratings and executing on our regulatory plan.. Our SMS implementation and other system safety enhancements were and remain our top priority.. Following the completion of the