Investor favourite NiSource faces questions after Massachusetts explosions
Saturday, 15 September 2018 () By Ross Kerber BOSTON (Reuters) - Before gas explosions in Massachusetts sent its shares reeling on Friday, utility NiSource Inc was considered a secure play and its top investor was loading up on shares as part of a push into what it called "the safest, most defensive sector in the S&P 500." All that changed in the aftermath of Thursday's gas explosions across three suburbs north of Boston that left at least one person dead, injured at least a dozen more, and drove thousands from their homes. The area is served by the Columbia Gas of Massachusetts unit of NiSource, whose shares were down 11.5 percent at $24.84 on Friday afternoon.
Residents of three Massachusetts communities were allowed to return to their homes on Sunday. A series of gas explosions killed one man and set dozens of buildings on fire. Utility crews worked through..